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Updated about 8 years ago on . Most recent reply

Always Being Outbid? Advice
Good evening everyone. The past few months I've done nothing but analyze deals and offer on properties if they're good deal. I recently found a 3 unit property in North/ Central Jersey, two properties in one lot. It was a two family and a separate single family which combined I could easily get $4700+ in rents a month. My mortgage would of been about $3,000 monthly with asking price of $380k and showing good cashflow I placed a offer and it quickly got declined by a cash buyer. All in three days of being on the market. I hate to say this isn't the first time its happened and I feel like I'll always be outbid. I seriously feel like the market is going up and everyone is bidding on properties and going over asking price. Any suggestions, trick or tips? Thank you kindly
Most Popular Reply

Escalation clause. Offer $5-$10k over 2nd best offer so the sellers have to make a decision of whether they should take the quick cash close, or take an extra $10k.
- Russell Brazil
- [email protected]
- (301) 893-4635
- Podcast Guest on Show #192
