Interesting conversation with my realtor about making offers

[Kyle B.]

So I recently got off the phone with a realtor I have been working with to discuss a property I saw this past weekend and will more likely than not put an offer on. At the end of the conversation, I mentioned what offer price I will most likely make, which was well below list price (~30%). In response to that, my agent became a little apprehensive and mentioned how it takes 3 hours to write up a contract and it makes sense to make offers that have a realistic chance of being accepted. He said you can occasionally make low ball offers but we should be careful about doing that.

I clarified that it was not a low ball offer. It was completely dependent on a projected profit of about $20k based on a $100k investment, and I was making my offer without much concern for the list price. Admittedly, this is my first flip so I'm giving myself a cushion with conservative estimates on repairs and ARV, but going into the process, I didn't realize this would be an issue.

Am I out of line or off base for thinking this? My thought process was to put in a lot of offers and have a small percentage of them get accepted. This seems to be the philosophy of a lot of people here on BP. Does everyone else work with agents that are happy to put in lots of offers or is that not how the business works? I'm thinking my agent may just not be used to working with investors, hence not a good fit to work with going forward.

Really curious about other people's perspective on this.

Thanks!