What should I do if I have multiple offers accepted?

[Joe Vastola]

I have done a lot of reading and listened to many of the BP podcasts and one universal piece of advice I've received is to make a ton of offers. To find the best deals and grow your portfolio you might offer on 20 properties and only get one accepted. It's probably not the worst problem to have, but my question is what happens if you make10 offers and 3 of them get accepted but purchasing all of them isn't possible? I know reputation and keeping your word is a big thing so what is the best way to handle this situation and is there any difference when an agent is involved vs FSBO.

[Matt B.]

I'm not sure its common to have 3 out of 10 offers accepted but assuming it did happen. I would pick the best property out of the 3 and move forward with that one. for the remaining two I would write a heartfelt letter explaining that unfortunately you have to pull your offer as you received a better opportunity elsewhere. or you can try to find another investor on here that may be willing to take the offer.

I think if 3 out of your 10 offers were accepted, you may have offered a little to much or you invest in an area where everyone is trying to get out of.