Submitting many offers at once.

[Yves Bourdeau]

I've been watching Brandon Turner videos and I've heard him say something like "This week I want you to submit 10 offers or x amount of offers"  My question is, how is this done?  I guess it would come down to what contingencies you state in the offer.  What would you state that would get you out of the offers you can't accept because you only have enough down payment for one offer.

Another thing is I would imagine that if I'm going to find 10 duplexes to put an offer on, since most of them won't be a great deal, I'll have to put in a really low offer on those priced too high and most likely will be declined.  Is that common for people who buy multiple income properties, to put in really low offers just to see if someone is really in a rush to sell?  What about the real estate agents, don't they usually have a problem with submitting such a low offer?

[Joe Norman]

Speaking as an agent - you are correct that most (at least experienced/successful) agents will not want to waste their time submitting 10 low ball, presumably sight-unseen, offers per day - thats basically a full time job with little chance of earning a commission for the work. If you do decide to go this route then you may find a newer agent willing to do this for the experience.

My advice is to identify the neighborhoods you want to invest in, firm up your criteria for those neighborhoods, and submit fair non-contingent offers. It won't be 10x offers per day, and I guarantee that you'll have more success and strengthen your reputation.