Trouble getting offers accepted lately.

[Randy Bearden]

This is my first post, please bear with me. I’ll try not to make a total idiot out of myself.
A little about myself. I retired from a career with a transportation company after 38 years of service in June of 2011. For many years I have talked about flipping houses and figured now I would have plenty of time and no excuses. By the end of that June my brother-in-law and I had set up an LLC and purchased our first flip, a HomePath property. We rehabbed the property and sold it in December of 2011 for a nice profit. We immediately began looking for another property and purchased our second property in February of 2012 which was a REO. We rehabbed this property and sold it in June of this year, again making a nice profit.
We know we can do well in this business, but it’s going to take more than one or two properties a year and we are prepared for multiple rehabs at once. “So what’s the problem?” you may be asking. Here it is. We have been very active making offers on multiple properties since we sold our last one. Almost all of these properties have gone to highest and best status soon after our initial offer, even the properties that have been listed over 90. We have lost all the Highest and best bids. The offers we are making are all cash, closing in two weeks and are very much in line with the first two properties we acquired. Out of over 30 offers, we have yet to get one under contract. Many properties we lost to H&B will be back on the market within one or two weeks. We go through the offer process again with the same results.
Are other active investors experiencing this issue? If so, what are you doing to get properties under contract? All comments are welcome, good or bad, even if it’s to tell me to stop whining or to give me a kick in the keister. I still have a lot to learn.