Multiple Deals at the Same Time

[Ray Taylor]

Hello BP,

So I am stuck in a dilemma and could use some advice or maybe a creative solution. I currently have an offer on a house that is becoming a super rehab but the seller has been lowering the price 100% to cover costs. So I have a deal in the works, and I have another one that has come onto the market. My dilemma is that the second house is a better deal at the initial glance and I want both. I have equity in another home to make the second purchase, but I cannot do anything that will change my credit until the first house is closed. (without risking losing the loan) . I am in a hot Dallas area market that people are paying near asking price with limited inventory. 

Should I just wait and hope that it is on the market in 25 days?

Should I place an offer with financing contingency and deal with the financing issue if it's accepted?

Any other great ideas?

Ray