How I Use AI to Find Wholesale Real Estate Deals...

Introduction

Introduction

What is up, guys? Zach Ginn here, joined by Rick Ginn. In today's video, we want to share a complete tutorial on how to use AI to find your first wholesale real estate deal. It’s impressive that AI can help you secure your first wholesale real estate deal without spending any money at all. AI has evolved significantly from last year to this year, especially for wholesaling, to get that first deal.

In this article, we're going to show you both the free and paid ways to use AI to get these deals and find success in wholesaling. This isn't just speculation - I'll be showing you real methods, including using ChatGPT and Gemini AI, to help you thrive.

Free Ways to Find Wholesale Real Estate Deals Using AI

Understanding AI in Real Estate

Artificial Intelligence (AI) uses machine learning to emulate human cognitive functions. It's not just about replacing humans entirely; rather, it serves as an exceptional tool to make your process easier and faster.

Using ChatGPT for Wholesaling

Let’s start with ChatGPT to pull government lists. First, go to ChatGPT or OpenAI for ChatGPT, and we’ll show how it can help obtain government lists like code violations or water shutoff lists.

Here’s an example:

1. Copy a prompt from FreeWholesaling.com.
2. Paste it in ChatGPT.
3. Request all open code violations for the past 30 days in Harris County, Texas.

ChatGPT will generate an email you can send to the responsible government office to acquire these lists. The synthetic assistant can assist you in crafting precise emails to different agencies to get necessary lists for potential leads.

Market Analysis Using Gemini AI

Gemini AI, which is connected to Google’s search engine, can perform various tasks including providing detailed market analysis. You can ask it about the median home price in a particular area, upload pictures, or PDF for complex analysis and organization.

Example Query:

• "What is the median home price in Dallas, Texas?"

This query will gather relevant data from platforms like Zillow and Redfin to give you a comprehensive insight.

Digital Bandit Signs

Using AI for digital bandit signs involves creating appealing posts for Facebook groups and Craigslist. Example prompts for creating such ads, achievable through ChatGPT, would include mentioning that you and your partner need to buy houses, ensuring the ad does not seem like a direct advertisement but a casual ask.

SMS Broadcasts and Stacked Lists

AI can help compose and optimize text messages you can send to potential sellers, whether making initial contact or following up.

For stacked lists, upload your multiple lists (high equity, code violations, etc.) to AI, and it can identify duplicates, effectively prioritizing properties appearing on multiple lists, thus increasing the likelihood of finding a motivated seller.

Professional Clauses and Contracts

Using AI to draft contract clauses can save you time and ensure legal consistency. If you need a specific clause like keeping a washer-dryer post-sale, AI can draft a professional addendum.

Paid Ways to Use AI in Wholesaling Real Estate

ListREI.com AI Integration

ListREI.com incorporates AI to improve its data accuracy and speed. While it doesn’t predict deals, the machine learning algorithms make bankruptcy info, pre-foreclosures, MLS data, and more accurate.

DealMachine AI Assistant

DealMachine uses AI to help with property analysis, repair estimations, and owner skip tracing. It even incorporates an AI voice assistant named Alma to help practice negotiations or find cash buyers.

AI Voice Clone Dialer

At ZDack.com, we can create a voice clone for dropping voicemails automatically. This ensures each voicemail seems personalized, yet allows you to automate the process of contacting potential leads.

Here's how it works:

1. Record a five-minute voice sample.
2. AI clones your voice for seamless voicemails.
3. Use this feature to rapidly contact a vast number of leads ensuring each voicemail seems custom.

Keyword

• AI
• wholesale real estate
• deals
• ChatGPT
• Gemini AI
• digital bandit signs
• SMS broadcasts
• professional clauses
• ListREI.com
• DealMachine
• AI voice clone dialer

FAQ

What is AI in Real Estate?

AI in real estate refers to the use of machine learning algorithms to assist in tasks such as data analysis, lead generation, and communication automation.

How can ChatGPT help in wholesaling?

ChatGPT can help draft professional emails to request government lists, analyze market data, and create SMS content, among other applications.

What is a digital bandit sign?

A digital bandit sign is an AI-generated post for social media groups and platforms like Facebook and Craigslist to attract potential sellers.

How does Gemini AI perform market analysis?

Gemini AI accesses data from large search engines and reputable real estate platforms to provide accurate market analysis, including median home prices and trends.

What is the AI voice clone dialer?

The AI voice clone dialer uses AI to replicate a user’s voice for automated voice messages, helping to contact numerous potential leads quickly and efficiently while maintaining a personalized touch.

Is AI fully replacing human tasks in wholesaling?

No, AI serves as a tool to assist and streamline the process, but human interaction remains crucial in wholesaling, especially for negotiation and closing deals.