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Updated over 4 years ago on . Most recent reply

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Gregory Cudzilo
  • Alexandria, VA
7
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30
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Putting in Multiple Offers?

Gregory Cudzilo
  • Alexandria, VA
Posted

Working on buying my first rental...a SFH buy and hold. There are several houses I'm looking at that are roughly the same price and will rent roughly for the same rent. Is it frowned upon/will it annoy my real estate agent if I want to place an offer on most or all of those homes, offering a little below the asking price to see if I could get one for potentially an even better deal? I live about 3 1/2 hours away from where I plan to buy (Plan to buy in VA Beach, live in Alexandria, VA), so I won't be able to visit all the houses in person. But in my head, it makes sense to shoot my shot with a slightly lower offer on all those houses and see if I can get lucky. Obviously if not, I'm willing to pay closer to the asking price but I think it's worth trying to purchase below the asking price if possible. I just don't know if it will rub my agent the wrong way if I send him a list of houses I want to offer on. Like I said all the house are similar in sqft, bedrooms,bathrooms, price and rental income. Thoughts? Thank you

Most Popular Reply

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2,669
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Ian Walsh
Lender
  • Lender
  • Philadelphia, PA
1,746
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2,669
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Ian Walsh
Lender
  • Lender
  • Philadelphia, PA
Replied

There is a lot of risk to this scenario...3 hours away, not visiting in person, likely offering too much.....It depends on your end goals but these are risk factors that I would take into account if I was looking to buy a rental.

  • Ian Walsh

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