Making multiple offers on investment properties

[Travis L.]

Hello,

I wanted to reach out to the BP community and ask experienced investors how they make multiple offers on investment properties at once. I always hear people say “Get out there and make offers” which i am totally onboard with but i am confused on how to go about it.

1. How is the earnest money deposit handled on each offer? Surely you cant deposit 3% on each offer? Ive heard of others just submitting a picture of a check with their offer, is that acceptable or would the agent just say the offer is null unless funds are in escrow?

2. How would you word your contingency that states you are making multiple offers on other houses? Do you even need to put that contingency in or would that be bad strategy?

3. What are some tips to get the listing agent to submit your offer when they know your making multiple in the area.

I am a definite newbie in this arena and any tips would be helpful. The offering side of real estate is a whole different ball game once you identify a potential deal. Any strategy advice from experienced investors would mean alot!