Placing Multiple Contracts through MLS at once

[Amir Saeed]

Hello 

I am a new investor. Searching through MLS is good. The only issue is that any property I try to put contract I am facing tough competition. I usually have the loan and inspection contingencies in all my contracts I place. My question is If I go for multiple contracts e.g place one contract and while waiting for the answer go for the second one and maybe a third one. Is there a way that I can withdraw from the second or third if the first one is approved or withdraw from the first one if the second one is approved. How would it relate to EMD (earnest money deposit).

The issue I am facing is sometimes I have to wait too long to get an answer because the agent is in the process of collecting the contracts. This is waste of time for me. Is there any way I can accomplish placing multiple contracts and blackout if ONE of them is approved. Any tips would be nice.