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Using AI to Source, Analyze, Contact, Structure an Offer, Make an Offer and ...
AI is going to be a gamechanger for those in the real estate industry, In less than 2 hours we were able to contact a potential partner for a deal in Ohio, find a property in Denver and contact the agent followed by making a hybrid offer or all cash or a sub to and to finish it off we found a multifamily property and pulled the T12, rent roll and signed the NDA.
Had enough time to look at Bentleys online.
So who is using AI? We bundle it with Propstream, Propwire and Privy. Throw in a few free search engines, scripts and the county records department.
#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- Austin, TX
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#4 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
- Austin, TX
How exactly do you connect it?
Yeah, what did the AI do exactly? Are you saying it scraped those sites, found a deal that fit your parameters, and found a MF for sale and pulled the data? Or??
Quote from @Matt M.:
Yeah, what did the AI do exactly? Are you saying it scraped those sites, found a deal that fit your parameters, and found a MF for sale and pulled the data? Or??
We used it for scripts while deploying Privy, Propstream and Propwire plus a few search sites where we got emails and phone numbers. In 2 hours we connected with another real estate investor on a cold call for a deal my associate has in Ohio. Then we sourced a property on Privy in Denver, made contact with the agent and put an offer in. After that we used propwire and found a commercial property on Loopnet, pulled the T12 and rent roll before signing the NDA. Sent an LOI. Had 15 minutes left so we looked at Bentleys on leasetrader.
#2 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
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#2 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
seems like this was possible because you're an experienced and talented investor using multiple tools and methods all together...?
Quote from @Nicholas L.:
seems like this was possible because you're an experienced and talented investor using multiple tools and methods all together...?
Yes. Propstream, Privy and Propwire. Public Records, Secretary of State Business Directory, AI etc.
Quote from @Nate Marshall:
Quote from @Nicholas L.:
seems like this was possible because you're an experienced and talented investor using multiple tools and methods all together...?
Yes. Propstream, Privy and Propwire. Public Records, Secretary of State Business Directory, AI etc.
AI is a very vague term. What AI tools are you using? I think that's the real question everyone is wondering because there's a difference between using trained AI models VS. coding up your own scripts or dashboards to help you automate certain tasks.
Quote from @Nicholas L.:
seems like this was possible because you're an experienced and talented investor using multiple tools and methods all together...?
I have a good team of associates. My AI guys not only do real estate but one works in arms control for the defense industry and uses it there. We have an invitation only event on March 27 where they will demonstrate it.