You could get to 1 in 20 by having 38 offers rejected and then numbers 39 and 40 get accepted.Elements of the MAO (Maximum Acceptable Offer) formula are:* Some percentage (.6, .65, and .7 get used by various folks) - this is something you pick, but you do this based on how your buyer will buy.* ARV (After Repair Value) - how you get to this number could vary.

Resale maybe 85k to 90k.They want 41k and I offered 5k cash.Agent is nicer and says bank recently rejected 21,000 for it.This house at best is worth in the 20's.There is another house in the subdivision across the street asking 38,000 and has 1,954 sq ft with less work.I have a bunch more cash than 5,000 but my thoughts are if I am going to buy and old house for commercial land to hold I don't want to pay a premium.If I am buying for a flip if I can get cheap enough I will use cash but if I have to go to a certain bid level then I will use hard money to preserve my capital.

For example how many days the property has been listed and percentage of price drops and frequency of drops.You need to know if this bank just listed at an aggressive price.If so they will get multiple offers.Then it comes down to not only price but type of financing versus paying cash and closing times and contingencies.I just find that most times if the property needs a little carpet and paint and that's it the bank will put new carpet and paint in to maximize recovery on the asset.If not an owner occupant still will pay more than an investor.Many new investors try to play it safe and low ball carpet and paint jobs and then when offer after offer is rejected they get disheartened and give up or stop trying for awhile.They don't want to take on bigger rehabs but that is where the profit is.You need the calculated risk for the reward.For a flip in that area 200k is high for Georgia.

As Bill said, investor offers are generally reviewed every night from that day's submissions.The next day, the buyer's agent gets a status:- The bid has been canceled/rejected- The bid has been accepted- The bid has been countered- Another bid was accepted (and I think there are one or two others)If your bid was rejected, you're done unless you submit another bid.If your bid was accepted, you have 48 hours to turn in your paperwork and get an earnest money check for $500, $1000 or $1500 (depending on the price point of the property).If you bid was countered, you may have been the only bid or there may have been other that were countered as well.

But in what cases do you reject the whole group when one person has enough income but the other doesn't?

What offers you can expected to be rejected if it is to low and what you could expect to get stuck with or be forced to reduce a price if you sell to high.If her know you are an investor and will by time and time again.

I pitched the idea to my family and they totally shot us down, plus they have no money (lol), so I'm feeling stalled after the bank rejection due to my employment status.

If the sales price is 5% outside the market the assessor can reject your sales price and enroll it at market value. 

There is still a desire to own a home; however, when one decides to get a loan it gets rejected and the house goes back on the market.

I use the memory of you getting rejected 4,575 times as motivation when I need it :-).