How to place multiple offers as a new investor

[Brian Clinkscale]

Hello Everyone,

So Im going to start looking to buy my first real estate investment when I return home in a couple months. I've heard numerous times about how important it is to put in multiple offers on different properties, because thats what ultimately gets a offer expected. My question is how do you go about doing this? Do you put one offer in at a time and wait to see if it gets excepted before you put in the next or is it ok to put in multiple offers at the same time? The reason I ask is because lets say you get multiple offers excepted and can only feel the obligation for one, won't you be held liable for the other offers if the seller has excepted it? Any feedback would be appreciated! Thanks!

[Mark Bookhagen]

I don't like that strategy at all. It is a very selfish strategy and will get you a bad reputation of someone who doesn't follow through on their word. If you're in it for the longhaul, avoid making offers that you potentially cannot follow through on. Instead, put a clock on your offer so you can move on to the next one if you don't get the deal.