The 10 minute offer for commercial properties

[Brett Merrill]

Hey BP community,

I was hoping to get a little input on other investors experience with the 10-minute offer as found in one of my favorite books Financial Freedom with Real Estate Investing The Blueprint to Quitting Your Job With Real-Estate-Even without Experience or Cash by @Michael Blank. 

A quick back-story - I am a Physical Therapist by trade and also an investor in the Western Massachusetts area. My investments so far have been buy and hold acquisition of two 4-family properties one of which is mixed-use. It took about 1.5 years to acquire both which is a little slower than I anticipated. However, they are both excellent properties and I am very pleased with the financials and operations of both. 

I am now looking to successfully scale my real estate business. I have revamped my team and have switched my focus and goals on acquiring a 10-30 unit value add property in the Western-Central Massachusetts area in the next six months (breaking it down using the 90 Days of Intention Journal by  @Brandon Turner). Now that I am ready to begin making offers I am curious to hear others experiences with the 10-minute offer. I agree with this strategy and have compared the offer price using the 10-minute offer with that of a more complex analyzation and usually get close to the same number. 

I will be moving forward with this strategy and would love to hear peoples questions, concerns or advice on this type of strategy and scaling. Thank you in advance and look forward to hearing form you.