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Updated almost 5 years ago, 02/08/2020

User Stats

124
Posts
41
Votes
Nader Hachem
  • Dearborn, MI
41
Votes |
124
Posts

Placing purchase offers

Nader Hachem
  • Dearborn, MI
Posted

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!

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