Questions about multiple Offers

[Ronald Logan]

Hi Folks- I am running into a few questions that are really holding me from moving forward. They are simple yet for some reason I just want to make sure I understand before getting myself into trouble:

1-How do I make multiple offers (on different properties) if I need to put up $$ for each (I.E $1000 for each)

2- what happens if I get multiple offers accepted yet I only have funds for one deal. (I realize this would be a great situation to be in) However is there a way out to where I am not obligated?

I hope this makes sense.

Thanks in Advance,

Ronald Logan

[Christopher Blanco]

You only put up EM if the offer is accepted. As for multiple offers at the same time are a couple of ways to deal with this:

1. Make your offer good for less than 1 week.
2. Put a financing contingency in the offer
3. Work with an HML or private lender to get a line of credit.
4. Only offer on high value targets you intend to close on.