Process Improvement: Submit 100 Offers before or After Comps?

[Nat Rojas]

Hi BP Team!

TLDR: Submit Offers after I receive Comps or submit offer, get accepted then during due diligence phase review comps and other due diligence activities?

Starting out and looking to continue to improve my process. In @Brandon Turner's Webinar last week he offered this process: 1. Leads 2. Analysis 3. Offer 4. Buy. 

I currently analyze deals everyday using my spreadsheet. If the cashflow is >$100 (Expenses includes: 10% Property Manager, 5% Capex, 5% Repairs, etc) then I move property to next phase.

I planned to request comps from a real estate agent to move forward, but I then heard the mantra: "Submit 100 Offers, get 10 accepted, buy 1." Should I wait for all the comps to submit offers or modify the list price to where my numbers work (per the webinar) and then immediately submit the offer.

Any assistance or wisdom is greatly appreciated! I love process improvement and want to continue analyzing many deals day after day. Thanks in advance!