Making Clean Offers

[Daren H.]

I have a silly question. When making multiple cash offers with no contingencies, a quick closing period, and a healthy earnest money deposit, how do you guard against having more offers accepted than you can close on? As an example, you submit five offers, two accept the same day, but you only have cash to close on one of the offers.

Is the typical exit strategy to try and wholesale the property you want to take a pass on or simply pass on to other investors if you cannot make a wholesale fee? I realize having offers accepted is a good problem to have (assuming you are buying it right). I am thinking about sizable earnest money deposit if you could not close on one of the properties.