General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 5 years ago, 02/08/2020
Placing purchase offers
Hey BP,
One of the things i came across while reading Brandon Turners- the book on rental property investing- says “analyze 60 houses a month, make offers on 6, have 1 agreed upon”. Not sure how this process works. If I was to make offers on 6 and somehow all 6 get accepted, am I obliged to purchase all 6? Are offers legal binding contracts to purchasing the property if accepted by seller? Or is there an option to back out?
Thanks!