How to Find Real Estate Deals Faster Using Data 99% of People Ignore

Episode #349
Housing market competition is tough. And if you don’t know how to find real estate deals that are under the radar, you could be missing out! In a competitive market, ANY kind of advantage goes a long way towards helping you land better deals. And guess what? Harnessing the power of data could help! Today’s guest delivers a handful of helpful tips, tricks, and tools that all rookie investors can use!
Welcome back to the "Real Estate Rookie" podcast! Today, we’re joined by Ariel Herrera-data scientist by day and real estate investor by night. Five years ago, Ariel decided that real estate was going to be her path to financial freedom. Like any eager investor, she devoured as many articles, podcasts, videos, and books as she could get her hands on at the time. Once she realized that she could combine her love for data science with real estate, there was no looking back!
In this episode, Ariel shares about the competitive edge you can gain by being a data-driven real estate investor. She recommends several tools and systems, all of which are easy to implement and require ZERO coding. Additionally, you’ll learn how to choose your market, invest out-of-state, and save a ton of time with a few deal analysis shortcuts!
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Tools Mentioned in This Episode:
ChatGPT: chat.openai.com/
Apify: apify.com/
Google Bard: bard.google.com
Browse AI: browse.ai
Zapier: zapier.com
Redfin: redfin.com
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Connect with Ariel:
BiggerPockets: www.biggerpockets.com/users/a...
Website: www.analyticsariel.com/
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Connect with Ashley and Tony on BiggerPockets:
Ashley: www.biggerpockets.com/users/e...
Tony: www.biggerpockets.com/users/t...
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Connect with Ashley and Tony on Instagram:
Ashley: @wealthfromrentals or / wealthfromrentals
Tony: @tonyjrobinson or / tonyjrobinson
Show notes at: link.chtbl.com/Rookie
00:00 Intro
02:25 Ariel’s “Epiphany”
04:08 Tech Meets Real Estate!
06:47 Using Data to Find Your Market
11:41 The New Jersey House Hack
17:41 Scoring a RARE Deal by "Web Scraping"
25:23 Investing Out-of-State
29:10 Ariel’s Tampa Bay Properties
33:20 Investing in Mexico?!
38:39 Rookie Reply
41:34 Rookie Exam

[@jakedangler612]

This woman is a wealth of knowledge. So humble with her achievements. Her channel seems to be all about how to do what she's detailing in this video. The automation stuff is enough to make people drool. Tonys' response I think represents the vast majority of people in REI overall lol So valuable. I gotta get smarter to figure this all out lol

[@TechInRealEstate]

Thank you for watching Jake! If you ever need help in automation don’t hesitate to reach out 😊

[@missmaryjanegreen]

I moved to Detroit 10 months ago specifically to invest in RE here & I LOVE IT!!! It is actually an amazing city with killer Art & architecture, the people are incredibly friendly & my cost of living has gone way down. Coming here to work on houses that need TLC unexpectedly has set me on a path to the city that I am going to stay in as homebase & I’ve been all over the US. It really is a sleeping gem. PS I obtained the down payment for my current investment working as a Data Analyst 😂 I had NO IDEA this show was going to talk about Detroit as well…

[@stuffaboutthings8679]

The secret is out , please get more interviews with people creating solutions to time consuming tasks that take hours out of my day . Awesome guest!

[@TechInRealEstate]

Glad you received value from the episode!

[@fionaclooney4798]

Great episode but I wish the female host would stop talking incessantly. Let the guest speak her advice .

[@evefavorse5939]

Wow, I could listen to Ariel all day! She is amazing!

[@writenow1658]

This episode was awesome!! She listed so many tools to help make your real estate journey easier! She was awesome! I can’t wait to listen again!!! Thank you!!

[@jsokhalUSA]

Ashley and Tony, I can't thank you enough for creating the Real Estate Rookie podcast. I have listened to about 5 podcasts and am hooked now. My goal is to listen to 1-2 everyday so I can make an informed decision in purchasing my first RE investment property. Ariel, thank you, thank you, thank you, very much for sharing your experience! and knowledge. I have lived in a suburb of Detroit for the last 30 years but plan to move to NC (Raleigh/Durham area) in the next year where I look forward to growing my RE investment business with the help and guidance of this podcast. Thanks again, Jas.

[@lusu6804]

She went from being interviewed to becoming the real estate mentor in the blink of an eye

[@patriciacarter-feindt7816]

Ariel- I love your Sign on Wall!!♥️♥️♥️

[@DasGonz13]

This is the best episode in a long time!

[@TechInRealEstate]

Thanks for watching! 😊

[@hansenmarc]

Ariel was awesome! I love the data-driven approach to REI. Thank you.

[@user-zw9ki6lk5t]

Wow, such an awesome and value filled podcast- Ariel is definitely very detailed informative and has great vision and creativity- everything she shared had an enormous value that I definitely will be interested in learning- thank you guys for having a wonderful guest to share such amazing information ❤️🎉

[@francobola9920]

Mamita, sooner or later you will have my money, you are incredible Ariel, you definitely need to bring her back

[@TechInRealEstate]

I appreciate it 😊

[@KayFabe87]

A lot of great advice and resources in this video, particularly with regard to using data to reduce the guesswork and manual effort when investing in real estate. Regarding Ariel's desire to get "underprivileged" communities to learn programming; it is really 'under-interested' communities as opposed to 'underprivileged'. The opportunities to take classes (for free) and to pursue the programming path are plentiful, but if certain demographics, statistically speaking, don't pursue a particular career path it isn't necessarily due to any barriers being put up to prevent those individuals from pursuing that path. For example; my wife (Dominican, like Ariel) is a dental hygienist. Every one of her graduating class were women, and every other hygienist in every office in which she has ever worked is a woman. Does that mean we need to endeavor to get more men into the field of dental hygiene, or that men are being 'prevented' from being dental hygienists? Or is it simply a function of the fact that men (in general) are not as interested in pursuing that career path as women are? Do we need to encourage more women pursue careers in deep-sea fishing and working on offshore oil rigs because they are not 'properly represented" in those fields?

[@DrJephtedoesRE]

I loved this episode as an engineer. These are approaches that will make my data search and analysis simpler. I use all the data sources cited here, even the bedroom per square foot calculation. But combining them with these tools will be a game changer.

[@TechInRealEstate]

Love to hear that you use similar calculations 🙌!

[@deadrabbits4life]

what is the exact bedroom per square foot calculation?

[@misunderstoodkj]

My first investment property was $25,000. Got it from a Wholesaler.

[@Basiliold]

Excellent!! One of your best segments. Thank you 🙏🏼🌟

[@TechInRealEstate]

Thanks for watching! 😊

[@MrLiridonf]

Happy holidays to you both. I love your videos. Keep up the good works.

[@donricouga]

Excellent episode and great choice of guest. More episodes like this please

[@TechInRealEstate]

Thanks for listening, glad you enjoyed it! 😊

[@ThePaulGreco]

Great show. Sparked my interest in coding with BARD - already working on a report for CoC % and identifing 20% with 5% around repairs/maintenance, vacancy and capital expenditures. First reports came back awesome. Now to verify the data, and we're off and running!

[@TechInRealEstate]

Love to hear the details in how you are leveraging Bard, well done 👏

[@krubel682]

You two are my favorite.

[@almmason7]

Watching this multiple times...Great content. My fav BP channel now. Definitely adding value. ❤😍

[@TechInRealEstate]

Happy to hear it!

[@amylemaistre4920]

Gurl!!! Mind blown!!! Thank you!

[@sidshri6080]

Very good episode. Thanks Arial 👍🏼

[@d.s.7972]

Love the way Arials brain works!

[@jermon983]

This was a very thought provoking episode.

[@TechInRealEstate]

Thank you for watching Jermon! 😊

[@kaiirosarchive]

Im dialed in using all of this information

[@TechInRealEstate]

Glad you found it useful! 👏

[@thrivecartuniversity]

I LOVE Bard (Now called genesis) for just about anything.

[@geraldlofton]

She was on point with everything ❤

[@TechInRealEstate]

Thank you for watching!

[@christie4336]

Ok. List of New Years Resolutions : 1. Figure out what the heck this episode was about. 2. Learn how to use these programs. 3. Master these programs. I didn't realize that there were simple and actionable programs we can use.

[@TechInRealEstate]

Thanks Christie for watching!

[@jayshahrealestate]

Imao so many properties in detroit that are not listed multifamily, when you are looking you got to look at single families because few properties I know are listed single family rn but full duplex.

[@user-vp4bi3sh8b]

I'm interested in auctions foreclosures and preconstruction deals for flipping

[@phil1954]

Omg, she is such an engineer. And don't get all upset, I'm an engineer to. LOL

[@NetworkBruh]

Yes she is! If she didn't mention her career you can tell she's in STEM. She's very analytical.

[@TechInRealEstate]

An engineer can spot a fellow engineer from a mile away 😂 thanks for watching!

[@theandrewdelgado]

I worked at the same company as her for a while saw a few of her videos. They are good

[@waterfoker8558]

Uh data, what about Zillow/redfins?

[@theonerealestatesecret]

I'm in Detroit, let's JV.

[@Thestarsareout]

😮

[@malindaproperties]

15% property mgmt fee is high. Did I miss something she said?

[@michaelk969]

Not high for STR

[@stokedbeachbum]

I think once you get to like 100 videos, you can no longer call yourself a "rookie". 🤣

[@benzun9600]

So are any of these guests millionaire real estate investors?

[@Alex.todorov]

This video is such a big advertisement for software services. Taking into consideration that 90% of the remote NYC employees were forced to go back to the office, some of the approaches she took will not work anymore. Curious after she borrows so much money under mortgages what she will do when some of these properties stay vacant for quite a while.

[@toxicthesniper8264]

If she was good she could've used her data to find a product that'd help her afford a duplex

[@Thatdudeteej]

This is the biggest waste of time

[@juzefzoozoo]

Too many interruptions. Stop that please.