Simply copy and paste the Pre-Prompt into ChatGPT or another conversation AI chatbot. Then drill down by pasting in the Follow-Up Prompts.
There are 10 main topics in the guide.
When you finish having a conversation on a main topic, you can ask your “AI advisor” to recap the conversation, summarize the action items, create a checklist, etc.
Use a new chat for new topics. That will help you keep your work more organized.
The first main topic is Educate Yourself.
Of course, with this full set of prompts, you can jump to any topic you want.
Use this powerful tool to start (or rapidly scale) your real estate investing business!
Embarking on a journey into creative real estate investing requires a clear strategy, an understanding of the market, and the utilization of contemporary tools and technologies to enhance your efficiency.
1 Educate Yourself
Understand the basics of real estate investing, local regulations, and market trends.
Subscribe to real estate investment podcasts, webinars, or online courses.
Learn about different investing strategies - like fix-and-flip, wholesaling, or buy-and-hold.
2 Build a Network
Connect with local real estate investors, agents, and groups to learn industry insights and trends.
Attend real estate networking events and consider joining real estate investment associations.
Get to know real estate attorneys, accountants, and contractors, as they can be invaluable resources.
3 Define Your Strategy and Market
Identify the type of properties you want to invest in: residential, commercial, mixed-use, etc.
Select a target market based on research and potential return on investment. Utilize tools like MLS, real estate platforms (Zillow, Redfin), and data analysis software for market analytics.
4 Arrange Your Financing
Explore creative financing options like hard money lenders, real estate crowdfunding, partnerships, or seller financing.
Establish your budget, including purchase, renovation, holding, and selling costs.
5 Assemble Your Team
Build a team that may include a real estate attorney, an accountant, contractors, a property manager, and a real estate agent experienced in investment properties.
Leverage technology for communication and project management (like Slack, Trello, or Asana).
6 Acquisition of Properties
Use technology to find undervalued or distressed properties quickly. Tools like PropStream or DealMachine can be invaluable.
Consider direct mail marketing, bandit signs, or social media advertising to find off-market deals.
Evaluate properties based on your strategy (fix-and-flip, buy-and-hold, etc.), budget, and potential ROI.
7 Due Diligence
Conduct thorough due diligence for potential properties. Include property inspections, appraisal, and confirmation of legal compliance.
Use digital tools for efficient due diligence (like DocuSign for digital signatures and Google Drive for document sharing).
8 Renovation and Improvement
Plan and budget for any renovations. Use project management software to track the progress.
Consider employing modern, smart home upgrades to increase property value.
9 Selling or Leasing
For a quick sale, price the property correctly. Use digital platforms for listings, virtual tours, and online marketing.
Explore instant buying platforms (iBuyers) for quicker sales.
If leasing, use property management software (like AppFolio or Buildium) to handle tenant placement, rent collection, and maintenance requests efficiently.
10 Review and Repeat
After completing a deal, review the process, and note the lessons learned and areas for improvement.
Stay informed about market changes and adapt your strategies accordingly.
This program includes super prompts covering all 10 key areas for success and follow-up prompts for each of the action items in the blueprint. Over 300+ questions you can drill down on and knock out with AI!