Making Offers - Strategy

[Tom McGiveron]

well my partners and i are ready. we've been going about our investment strategy very conservatively and a recent meeting just had us saying, "let's do something different."

we're excited about it. i want some opinions on it.

this is it:

10 - 20 offers a month on houses site unseen except for pics online.
some foreclosures (on market over 3 months)
all 20 - 30% below asking + a 5k pad
all in zips that show pleasing comps
all sub2 inspection, buyers inspection and partner approval
all submitted with $200 earnest
all in a different state (i used to live there) - best friend lives there - will check out any that accept (buyers inspection)

through our realtor who we're going to work to the bone. if he is not into it, we'll find another one.

questions? holes? recommendations? "what are you freakin crazy?" comments all accepted. :D

i know this isn't a novel idea, but for us, it is a new investment strategy.

:D