Every offer is a multiple offer situation

[Jerry Jones]

I am looking for a house in Austin and every house I find that I like that is priced well ends up being a multiple offer situation. How do I handle such a situation? I usually offer about 5K over asking price. I always keep in mind my end goal with the property and the cash flow etc I need to make out of it. I am getting disheartened because not a single offer has been accepted and they are all over asking price by at least 5K.

What is the best way to handle these situations?