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22 July 2024 | 9 replies
I am looking to build a SFR for short-term rental, would be my first-time new build.I have engineer plans for well and wastewater stamped by the state of VT for up to 4 bedrooms.
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24 July 2024 | 6 replies
Here's a list of tasks where ChatGPT can be particularly beneficial:Initial Client Interactions: Use ChatGPT as the first point of contact on websites to answer basic client queries and gather preliminary information.Property Information: Automate responses to common questions about property listings, such as square footage, amenities, and nearby attractions.Appointment Scheduling: ChatGPT can help schedule property viewings or meetings based on the broker's availability.Market Updates: ChatGPT can be programmed to provide recent market statistics, price trends, or news to clients on demand.FAQs: Handle frequently asked questions about the property buying/selling process, brokerage fees, or other standard real estate queries.Document Explanation: Brief explanations of common real estate documents, terms, and jargons, ensuring clients have preliminary understanding before detailed discussions.Lead Qualification: By asking potential clients a series of questions, ChatGPT can help in initial lead qualification, filtering out those who aren't serious or ready to move forward.Feedback Collection: After a property tour or meeting, ChatGPT can gather feedback, which helps in improving services or adjusting property prices.Recommendations: Based on client preferences, ChatGPT can suggest properties from the broker's listings.Follow-ups: Automated reminders or check-ins with potential clients to maintain engagement.Education: Offer brief tutorials or explanations about real estate concepts, market trends, or investment advice.Localization: Provide information about neighborhoods, schools, and local amenities to clients interested in specific areas.Transaction Updates: Keep clients informed about the status of their property transaction, from initial offer to closing.Referrals: Encourage satisfied clients to refer friends and family by sending automated referral requests or reminders.Networking: Introduce and maintain relationships with other brokers, agents, or relevant professionals in an automated yet personable manner.Maintenance Reminders: For brokers also involved in property management, ChatGPT can remind tenants of maintenance schedules or gather feedback post-maintenance.Reviews & Testimonials: Automate the process of collecting reviews and testimonials from satisfied clients for promotional use.Mortgage & Financing Info: Provide preliminary information on mortgage rates, lending institutions, or financing options available.Training: New agents in the brokerage can use ChatGPT for training purposes, asking questions about company policies, sales techniques, or market nuances.Market Analysis Reports: While detailed analysis might require specialized tools, ChatGPT can give general market outlooks based on data provided to it.By leveraging ChatGPT in these areas, brokers can increase efficiency, enhance client engagement, and free up time to focus on relationship-building and closing deals.
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19 July 2024 | 16 replies
As far as buying your first place in Hawaii, while it can be done I think I would start mainland.
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19 July 2024 | 1 reply
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $171,000
Cash invested: $34,000
Bought a 2 unit as a househack, living in the upper and renting out the lowe...
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23 July 2024 | 4 replies
I’ve been looking for my first rental and have looked at 40-50 places and none of them cash flow.
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19 July 2024 | 3 replies
A rental in the B/C class, I would say no.
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23 July 2024 | 2 replies
I love listening to people's stories to learn and be inspired but first here's mine.
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19 July 2024 | 21 replies
For me I diversify into real estate as well as other asset classes and put most of it in lower risk areas (I am closer to 50) and have some “play money” that I am willing to put in riskier investments.
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23 July 2024 | 51 replies
Also remembered to play the long game, the entire southwest of the country will have no water soon and there will be mass migration to the Great Lakes bordering states.https://www.realtor.com/research/top-housing-markets-2024/ I don't like Toledo anymore.Too many out of state investors are here now making the market better than ever.It's frustrating growing the business so much.Preferred snail pace growth like when we first started hehe
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23 July 2024 | 7 replies
I would suggest to first reach out and talk to a couple Investor focused real estate agents in your market.