AI Finds 1,000s of Physically Distressed Homes

Wholesaling
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AI Finds 1,000s of Physically Distressed Homes

Kyler B.
Member since 2020 · 38 posts · 9 votes

AI can do driving for dollars and it's 102.3X - 300X more efficient than manually or virtually driving for dollars... follow the math below:

The major difference between manually (or virtually) driving for dollars, and using AI, is the efficiency and cost savings. AI visually scans thousands of homes for physical distress and can complete the D4D job in minutes - not hours or days.

Here is an example.. Let's say you want to build a lead list of 1,000 physically distressed homes in a target zip code with a distress rate of 10%. This means you would have to drive by 10,000 homes, and review each home to look for different signs of distress.

Now imagine that it takes on average 10 seconds (some homes may take 1 second, while others may take 120 seconds) to quickly look at each home for physical distress. To review 10,000 homes it will take 100,000 seconds, which is equal to 1,666 minutes, which is equal to 27.7 hours. This number does not include the time it takes to drive to the target neighborhood or zip code - so lets be conservative and add another 3 hours since you would have to do multiple trips to your target neighborhood or zip code to review 10,000 homes. So in total time to review 10,000 homes, it takes around 30.7 hours..

AI can complete this entire job for you around 18 minutes… That’s 102.3X more efficient. An entire blog could be written about the cost of manually driving for dollars… such as paying for gas, depreciation on your vehicle, the cost of your time, etc.

In another example, imagine you are virtually driving for dollars in the same target neighborhood and zip code.. This will take you even longer to get 1,000 leads. It took me (who is a coffee addict and very quick with the computer) 9 hours to review 1,000 homes for physical distress. Now if I wanted to review 10,000 homes, that would have taken me 90 hours.

AI can complete this entire job for you around 18 minutes…That’s 300X more efficient.

In conclusion, you get the same outcome from using AI, and manually (or virtually) driving for dollars. Although with AI you are 102.3X - 300X more efficient and it costs significantly less. We all know that REI and wholesaling is a numbers game...

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Jerryll Noorden
Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
3y

Sure, but you made a few critical mistakes.

1). Who cares if AI can find 3M people in 0.2 seconds if none of these people are motivated? Your entire example is based on an assumption that is factually wrong.

2) You are not looking for "distressed properties". You are looking for motivated sellers. (PEOPLE). So your entire post is completely wrong and misleading.

None of this matters. Man, all these friggin gurus man.  Like sharks.

The second there is a new shiny object ALL of them have their new products out making OUTLANDISH claims of what that shiny object can do.

READ MY LIPS, EVERYONE.

AI CAN'T TARGET MOTIVATED SELLERS!!!

It is all a stupid scam to get you into buying their latest new program. Nothing can target motivated sellers. NOTHING! Do not get fooled!

The reason why nothing can target motivated sellers is that when someone becomes motivated ONLY they know that they became motivated.

Nothing else can know when someone is about to become motivated.

Here is the mistake so many make.

Everyone assumes that foreclosure, absentee owners, job loss, relocation etc. etc = motivated sellers.

If that were true, it wouldn't take you 3000 mailers calls and texts to get just one lousy deal. So it is a FACT that people on your foreclosure, absentee owner, job loss, tax liens etc. etc. list are NOT motivated.

So here is what is going on.

Everyone makes the wrong assumption that foreclosures imply motivation and that now becomes a fact to them.

OK now, pay close attention. Well if foreclosures are motivated, and AI can easily find people in foreclosure, in 3 seconds, this means that AI can target motivated sellers.

Wrong! Fail!

If more people used their heads, and less people kept on regurgitating absolute nonsense, this ENTIRE space of REI would be far more successful. But people keep making outrageous claims and people buy that crap.

Stop the spread of nonsense, please.

Who gives a damn if AI can find 3000000 people in 3 seconds if none of them are motivated sellers. You just found a speedier and easier way to fail. That is all that post is saying.

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  • Trevor Schmitt
    Rental Property Investor · Fargo, ND · Member since 2017 · 129 posts · 107 votes
    3y

    How can you accomplish this with AI? 

    0Reply
  • Jerryll Noorden
    Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
    3y

    Sure, but you made a few critical mistakes.

    1). Who cares if AI can find 3M people in 0.2 seconds if none of these people are motivated? Your entire example is based on an assumption that is factually wrong.

    2) You are not looking for "distressed properties". You are looking for motivated sellers. (PEOPLE). So your entire post is completely wrong and misleading.

    None of this matters. Man, all these friggin gurus man.  Like sharks.

    The second there is a new shiny object ALL of them have their new products out making OUTLANDISH claims of what that shiny object can do.

    READ MY LIPS, EVERYONE.

    AI CAN'T TARGET MOTIVATED SELLERS!!!

    It is all a stupid scam to get you into buying their latest new program. Nothing can target motivated sellers. NOTHING! Do not get fooled!

    The reason why nothing can target motivated sellers is that when someone becomes motivated ONLY they know that they became motivated.

    Nothing else can know when someone is about to become motivated.

    Here is the mistake so many make.

    Everyone assumes that foreclosure, absentee owners, job loss, relocation etc. etc = motivated sellers.

    If that were true, it wouldn't take you 3000 mailers calls and texts to get just one lousy deal. So it is a FACT that people on your foreclosure, absentee owner, job loss, tax liens etc. etc. list are NOT motivated.

    So here is what is going on.

    Everyone makes the wrong assumption that foreclosures imply motivation and that now becomes a fact to them.

    OK now, pay close attention. Well if foreclosures are motivated, and AI can easily find people in foreclosure, in 3 seconds, this means that AI can target motivated sellers.

    Wrong! Fail!

    If more people used their heads, and less people kept on regurgitating absolute nonsense, this ENTIRE space of REI would be far more successful. But people keep making outrageous claims and people buy that crap.

    Stop the spread of nonsense, please.

    Who gives a damn if AI can find 3000000 people in 3 seconds if none of them are motivated sellers. You just found a speedier and easier way to fail. That is all that post is saying.

    3Reply
  • Kyler B.
    OP
    Member since 2020 · 38 posts · 9 votes
    3y
    Quote from @Jerryll Noorden:

    Sure, but you made a few critical mistakes.

    1). Who cares if AI can find 3M people in 0.2 seconds if none of these people are motivated? Your entire example is based on an assumption that is factually wrong.

    2) You are not looking for "distressed properties". You are looking for motivated sellers. (PEOPLE). So your entire post is completely wrong and misleading.

    None of this matters. Man, all these friggin gurus man.  Like sharks.

    The second there is a new shiny object ALL of them have their new products out making OUTLANDISH claims of what that shiny object can do.

    READ MY LIPS, EVERYONE.

    AI CAN'T TARGET MOTIVATED SELLERS!!!

    It is all a stupid scam to get you into buying their latest new program. Nothing can target motivated sellers. NOTHING! Do not get fooled!

    The reason why nothing can target motivated sellers is that when someone becomes motivated ONLY they know that they became motivated.

    Nothing else can know when someone is about to become motivated.

    Here is the mistake so many make.

    Everyone assumes that foreclosure, absentee owners, job loss, relocation etc. etc = motivated sellers.

    If that were true, it wouldn't take you 3000 mailers calls and texts to get just one lousy deal. So it is a FACT that people on your foreclosure, absentee owner, job loss, tax liens etc. etc. list are NOT motivated.

    So here is what is going on.

    Everyone makes the wrong assumption that foreclosures imply motivation and that now becomes a fact to them.

    OK now, pay close attention. Well if foreclosures are motivated, and AI can easily find people in foreclosure, in 3 seconds, this means that AI can target motivated sellers.

    Wrong! Fail!

    If more people used their heads, and less people kept on regurgitating absolute nonsense, this ENTIRE space of REI would be far more successful. But people keep making outrageous claims and people buy that crap.

    Stop the spread of nonsense, please.

    Who gives a damn if AI can find 3000000 people in 3 seconds if none of them are motivated sellers. You just found a speedier and easier way to fail. That is all that post is saying.

    Hi Jerryll, 

    Based off your response, I don't think you actually read my post. Additionally, your response seems 'cut & pasted' as you bring up things, which have nothing to do with my original post. 

    I don't engage in online shouting matches. 

    Please don't spam comment. 

    0Reply
  • Jerryll Noorden
    Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
    3y
    Quote from @Kyler B.:
    Quote from @Jerryll Noorden:

    Sure, but you made a few critical mistakes.

    1). Who cares if AI can find 3M people in 0.2 seconds if none of these people are motivated? Your entire example is based on an assumption that is factually wrong.

    2) You are not looking for "distressed properties". You are looking for motivated sellers. (PEOPLE). So your entire post is completely wrong and misleading.

    None of this matters. Man, all these friggin gurus man.  Like sharks.

    The second there is a new shiny object ALL of them have their new products out making OUTLANDISH claims of what that shiny object can do.

    READ MY LIPS, EVERYONE.

    AI CAN'T TARGET MOTIVATED SELLERS!!!

    It is all a stupid scam to get you into buying their latest new program. Nothing can target motivated sellers. NOTHING! Do not get fooled!

    The reason why nothing can target motivated sellers is that when someone becomes motivated ONLY they know that they became motivated.

    Nothing else can know when someone is about to become motivated.

    Here is the mistake so many make.

    Everyone assumes that foreclosure, absentee owners, job loss, relocation etc. etc = motivated sellers.

    If that were true, it wouldn't take you 3000 mailers calls and texts to get just one lousy deal. So it is a FACT that people on your foreclosure, absentee owner, job loss, tax liens etc. etc. list are NOT motivated.

    So here is what is going on.

    Everyone makes the wrong assumption that foreclosures imply motivation and that now becomes a fact to them.

    OK now, pay close attention. Well if foreclosures are motivated, and AI can easily find people in foreclosure, in 3 seconds, this means that AI can target motivated sellers.

    Wrong! Fail!

    If more people used their heads, and less people kept on regurgitating absolute nonsense, this ENTIRE space of REI would be far more successful. But people keep making outrageous claims and people buy that crap.

    Stop the spread of nonsense, please.

    Who gives a damn if AI can find 3000000 people in 3 seconds if none of them are motivated sellers. You just found a speedier and easier way to fail. That is all that post is saying.

    Hi Jerryll, 

    Based off your response, I don't think you actually read my post. Additionally, your response seems 'cut & pasted' as you bring up things, which have nothing to do with my original post. 

    I don't engage in online shouting matches. 

    Please don't spam comment. 

     OK let me break it down for you.

    Your entire post is about how AI can do driving for dollars better. I quote 102.3X - 300X better.

    My response is simply this.

    Who cares how much faster AI can find "distressed properties" when distressed properties is not what gets you ahead? It is motivated sellers you need to find. Isn't that what your point is? AI can get you "leads", fasterbetter? Well, it can't!


    So what I am saying is simply this. Every strategy you described, gets you less than a 0.1% conversion rate. Whether you call 3 people, or 3,000,000 people. Whether you call these 300000 people in 3 days or in 3 seconds. Doesn't matter.

    You will STILL get a 0.1% conversion rate. So your claim to push AI for lead gen, is simply wrong dude. This is a fact. Can AI find foreclosures faster? Sure. Maybe, but who cares. Foreclosures are not motivated sellers 99.9% of the time.


    Meaning, the strategy of cold calling, and driving for dollars itself doesn't work. Adding tools to do MORE faster of a strategy that doesn't work is not going to make the strategy "work".

    So I beg to differ. I DID read your post, this is no shouting match. I simply called you out on your errors, that I believe will mislead people that will cause them to spend money on the systems YOU are advertising and spamming these forums with that will highly likely not work.

    Here is my suggestion:

    If you want to make a point, if you want to convince anyone of anything, I would suggest showing data. Show your deals closed.

    Back up what you are saying. That's all. You shouldn't get upset when someone calls you out when you make claims that simply put, are just wrong. Your pictureless avatar is not helping either for any credibility. And lastly, here you come, throwing links around where people can buy that service you push.


    How many deals have you closed, using AI? What was your profit margin? I am not saying you have not closed any. All I am saying is, show them. This helps people. Not just "words".

    You are talking with a tone as if you have verified how well it works. As if you have made a bunch of deals using what you preach. But, have you?

    I am just disagreeing with you, and explaining why.  I am not here to change your mind and I am not here to spam. I am trying to help you! I am here for anyone reading your post, letting them know that no, you do not need to spend money on AI to get better deals. That is all.  Just a warning to others. If you think this is great. Go do it. 

    But you push others to do it by sending them a link to the service, so do you think it is unfair for me to ask, then to show your deals?

    1Reply
  • Jerryll Noorden
    Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
    3y
    Quote from @Kyler B.:

    We all know that REI and wholesaling is a numbers game...

    REI is NOT a numbers game!

    it is only a numbers game if you are winging lead generation.

    Every single day I get between 4 to 12 motivated sellers into my inbox for free. Why?

    I use data to build systems that are based on human psychology and their behavior when someone actually becomes motivated. I intercept these freshly motivated sellers into my funnel because I know how they will behave when they become motivated. I will be there exactly where I expect them to be when they become motivated and they opt into my funnel

    NOTHING about this is a "numbers game". Nothing.

    Again. It is only a numbers game if you are blindly throwing darts in the dark, asking random people if they want to sell .. yes THEN it is a numbers game. Ask as many random people as possible and the more you ask the more chance you have to get a deal.

    That is a numbers game, and that is also called "winging it".

    You can either fight me for ego's sake, or you can say.. wait that actually makes sense. I wonder how he does it, and I will happily tell you right here on this forum 100% free for no cost. 

    The choice is yours!

    1Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y

    @Kyler Bruno

    While this seems interesting there are a few key questions I have

    1. What are you using to get updated scans of these homes. If it’s google many of these photos are significantly outdated whereas driving for dollars is up to date

    2. What is “distressed” I have homes near me that would consider distressed but it’s elderly who live there and have lived there for 50 years

    3. Distressed doesn’t equal a seller.

    4. What advantage does this have over buying a list of preforeclosures or county violations ?

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    0Reply
  • David Wurzel
    Member since 2018 · 22 posts · 5 votes
    3y

    @Jerryll Noorden

    I've been following your logic and what you say certainly makes a lot of sense.  Congrats!!  

    Challenge:

    You state: 
    or you can say.. wait that actually makes sense. I wonder how he does it, and I will happily tell you right here on this forum 100% free for no cost.

    So, without links to anything, without vague references, without appeals to subscribe or purchase and with specificity and preferably in chronological, if not, then just logically, the order in which a company would build a system based on human psychology and behavior so that when someone actually becomes motivated they are intercepted into a funnel because they behaved in a certain way when they became motivated.



    0Reply
  • David Wurzel
    Member since 2018 · 22 posts · 5 votes
    3y

    @Jerryll Noorden

    Apologies.  After further research found your post from 4 months ago.  Will read through ALL your posts and if I have further questions will DM.

    0Reply
  • Jerryll Noorden
    Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
    3y
    Quote from @David Wurzel:

    @Jerryll Noorden

    Apologies.  After further research found your post from 4 months ago.  Will read through ALL your posts and if I have further questions will DM.


     No apologies needed my man.

    You can absolutely read my older posts, but if you have a question, I am here to help. Here on BP I make a valiant effort to consult and give value 100% free to anyone willing to listen and take my teachings seriously

    0Reply
  • David Wurzel
    Member since 2018 · 22 posts · 5 votes
    3y

    @Jerryll Noorden

    Thank you so much.  I'm just finishing watching you at BPCON2021.  Just really great info!!!  Your thought processes are awesome and so logically thought out.  Finally there's someone who looked at the data and said, "This shotgun approach and the returns on DMM, cold calls, and texting is laughable."  What you teach makes so much sense.

    0Reply
  • Jerryll Noorden
    Flipper/Rehabber · Wilton, CT · Member since 2015 · 4k+ posts · 4k+ votes
    3y
    Quote from @David Wurzel:

    @Jerryll Noorden

    Thank you so much.  I'm just finishing watching you at BPCON2021.  Just really great info!!!  Your thought processes are awesome and so logically thought out.  Finally there's someone who looked at the data and said, "This shotgun approach and the returns on DMM, cold calls, and texting is laughable."  What you teach makes so much sense.


     That means a lot to me. Thank you very much brother!

    0Reply
  • Carlos Martinez-Angel
    Central Florida · Member since 2023 · 2 posts · 0 votes
    2y

    Info?

    0Reply
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