Dealbot is an embeddable software that pre-negotiates and pre-screens seller leads for real estate investors created by Blair Halver. This artificial intelligence system works like a chatbot with the added abilities. This includes dynamic 24/7 responses, deal negotiations, and calculations for maximized profits, as well as discernment of cash or seller-finance transactions. Its parameters are customizable and it has been programmed for inverse offer strategies. As of 2024, it has a status of “patent pending.” Along with the AI negotiator, the purchase of Dealbot includes a private community, the Deal Structuring Crash Course, Close-The-Deal script pack, optional tech integration, as well as the Quick-Launch and 3x Facebook Ads campaigns.
According to Statista, the global chatbot industry is set to grow by 1.2 billion USD by 2025. With this data at hand, does this mean that AI negotiators are the future of lucrative real estate investments? Despite the positive forecast, there are current issues that I will discuss later on that play a crucial role in the market.
In this article, I’ll cover what Dealbot is, its cost, reviews, features, usage, affiliate program, and other products included in the purchase. I’ll also share with you the founder’s background and claims. Moreover, I will discuss recent statistics in the world of real estate investment.
Dealbot Review: Pros & Cons
Pros
24/7 availability: Dealbot can interact with sellers on a 24/7 basis. It also compiles qualified sellers in a Google Sheet around the clock.
High-quality leads: The leads that Dealbot provides have already been pre-screened, which are more likely to sell.
Cost- & time-saving: The A.I. negotiator enables real estate investors to save time and money.
Cons
Internet reliance: The software can crash, lag, or become unavailable depending on internet strength.
Expensive pricing: It costs thousands of dollars plus additional monthly payments to use.
Low comfort levels: Most users have had negative chatbot experiences. Because of this, there are individuals who have less patience, end the chat, or even go to the competitor.
Price
The price for Dealbot is $1,999 plus $97/month.
Refund Policy
There’s a 30-day money-back guarantee for Dealbot Negotiator.
Origin
Dealbot was founded in 2009.
Reputation
Third-party reviews for Dealbot from Trustpilot and some Facebook are mostly positive.
How Does Dealbot Work?
- Real estate investors conduct advertising efforts through the radio, Google, Craigslist, cold SMS, direct mail, cold calling, Facebook ads, expired listings, driving for dollars, or television commercials.
- Then, owners looking to sell their properties get in touch with them through inbound SMS, calls, or web forms.
- After this, seller leads are sent a clickable link.
- This directs them to Dealbot, which asks them queries, just like a questionnaire. The responses they get are dynamic and change depending on the input.
- Dealbot works out the deal structure, whether it is a seller-finance or cash deal, and then calculates for maximized profits.
- If the seller finishes all of Dealbot’s questions, this means that they’ve come to a range of a deal.
- Deals will automatically be compiled into Google Sheets, with the investor receiving a notification for each one completed.
- The real estate investor then contacts sellers directly once they’re pre-negotiated.
Using Dealbot, Blair recommends selecting seller-finance deals, as opposed to cash deals. He shared that this enables the following benefits listed below.
No downpayment needed (maximum 3%)
Price below or at market value (after repairs)
Indefinite term for full payment, or a minimum of 3 years
Monthly payment that is less than market rent (minimum $300 per month spread)
In contrast, he stated that cash deals are less profitable because of their cost. It is priced at or below the highest price, which is also called the max allowable offer (MAO). This MAO has two potential values. The first one is determined by the after-repair value (ARV) multiplied by 65%, then subtracted by repair cost which is less than $300,000. As for the second value, it is ARV multiplied by 75%, and then minus repairs which is more than $300,000.
As supported by Morgan & Westfield, a top-tier merger and acquisition firm, seller finance deals are indeed more lucrative than cash deals. They stated that this is due to its higher selling price, which is accordingly 20% to 30% higher.
Additionally, through Dealbot, Blair Halver recommends getting back in touch with old seller leads. He shared that this can be an untouched goldmine for real estate investors.
What Do You Get With Blair Halver's Dealbot AI Negotiator?
With Dealbot’s AI Negotiator, you’ll get the software platform, private community, optional tech integration, Close-The-Deal script pack, Deal Structuring crash course, as well as the Quick-Launch and Facebook advertising campaigns.
Dealbot Features
Adjustable parameters: In case an investor wants to fine-tune the system, the tech team is capable of tweaking any parameter.
Unlimited negotiations: Although Blair’s webinar initially stated that the enterprise level allows 1,000 negotiations monthly, he later mentioned in the same class that this feature is now available for everyone. It’s no longer limited to the first 20 people as well.
Ease of use & simplicity: With Dealbot, there are no technical skills needed. The only thing required is copy-pasting a clickable link. There’s also no CRM, website, or power dialer necessary.
Around-the-clock negotiations: Dealbot has the ability to pre-screen deals all day and night.
Hard-coded inverse offer strategy: Dealbot has been programmed to let the seller make the offer, instead of the investor. According to the founder, Blair Halver, this is one of the best negotiation tactics.
Accelerated & automated operations: Using this technology, the acquisition process moves at a rapid pace, which enables a streamlined system.
Other Dealbot Materials
3x FB Ad Campaign, a newly launched strategy which guarantees 3x more leads.
Quick-Launch Campaigns which enables integration with existing and fresh marketing to generate lead flow. It also includes re-engagement campaigns.
Close-The-Deal Script Pack which helps beginner investors structure their offers properly to convince sellers during deal negotiations.
Deal Structuring Crash Course has several lessons including lectures on acquisition and exit strategies. For acquisition strategies, the course will teach about cash, lease options, seller finance, take over payments, and take over payments + seller. As for exit strategies, it covers cash (wholesale), cash (retail), seller finance (mortgage or K4D), and lease option.
Private Community Membership which features a private Facebook group, with weekly Zoom calls. This network provides partnerships, connections, and support, and deal funding.
Customized Tech Integration Session that is optional for real estate investors, which includes integration with a ClickFunnel site, Facebook ads, WordPress website, Calendly, as well as Clicksend account setup.
What is Dealbot's Affiliate Program?
Dealbot’s affiliate program is 50% for the revenue share of the main product. For the price of $1,999, the revenue for affiliates is $999.50. There’s also a $6 CPA converts on successful webinar registrations. As for the email optin, it’s $3 CPA converts. This is according to Digital Mavericks Media.
Who Is Dealbot For?
Dealbot is for real estate investors, including beginners, seasoned professionals, solo operators, and major operators. The Dealbot negotiator is for novices who are having difficulties getting their first deal and nervous about calling prospects. It’s also for experienced investors who want more high-quality leads and motivated sellers. Additionally, Dealbot is for solo operators looking to scale and save time. The A.I. negotiator is a good fit for major operators who wants to more profit while spending less money on business operations as well.
Dealbot Reviews: What Do People Say About Dealbot?
Dealbot Reviews are mainly positive from Facebook, client testimonials, and Trustpilot. On Facebook, it has a 5.0 star rating from 18 reviews. One feedback stated that the tech tool increased their income. However, it’s worth noting that the majority of the reviews are spam. There are also 52 client testimonials posted on Blair Halver’s official website. Most reviews indicate that Dealbot helped them land their first deal and gave them high profits. Regarding Trustpilot, it’s rated 4.8 stars from 44 reviewers.
Dealbot Reviews on Trustpilot
Dealbot reviews on Trustpilot have an overall rating of 4.8 stars out of 44 reviews given. 95% of the reviews have a 5-star rating, while 5% have 4 stars. Recent reviews dated from June 30 to September 1, 2023 praised the product, Facebook group, training, and client service from the support team. They also shared that the materials were suitable for beginners in real estate investing.
Is Dealbot Worth It?
Yes, Dealbot is worth it especially if you’re a real estate investor with decent lead flow and have an allocated budget for automation. However, if you only have a few leads and your budget is low, this is not the tool for you.
Who Is Blair Halver?
Blair Halver is a CEO, real estate investor, investment coach, podcast host, Udemy instructor, author, and marketing automation specialist. He has been the CEO and founder of Dealbot, since November 2009 and a real estate investor starting 2008. As a coach, has trained had more than 500+ students. Additionally, he hosts the Transactional Real Estate Investor Show, which has over 100 episodes and rated 4.9 stars on Apple Podcasts. His Udemy course about starting real estate investing was rated 4.2 stars and has over 24,324 students. In 2010, he published his book Your Marketing Cheat Sheet: How Successful Businesses Actually THRIVE in Any Economy as well.
Blair obtained a Bachelor of Business Administration in Music Business from Belmont University. Prior to working in the field of real estate, was a production sound supervisor at MTV Networks for a year since 2005. He is also from Mooresville, North Carolina US.
Blair’s company Easy Marketing, Inc. has a A+ rating from the Better Business Bureau (BBB). He has been accredited since 2020. On social media, he has 10,000+ followers and 9,700+ likes on Facebook at @blairhalver. On YouTube, he has 721 subscribers at @realestateinvestingwithbla4320. Meanwhile, he has 432 followers and 394 connections on LinkedIn with the handle @blairhalver.
Blair Halver's Claim: Get Twice As Many Deals With 80% Less Work
Blair Halver claims that his AI system Dealbot can help real estate investors acquire 2x deals. He adds that this can be done with 80% less effort.
Blair Halver’s Claims Debunked: 7 Risks of Using Chatbots
Blair Halver’s claims are difficult to attain because of the risks of using chatbot technology. During his webinar on the official Dealbot website, Blair Halver mentioned that this AI tool is like a chatbot with the added capability of negotiating and discerning deal types.
According to a 2021 paper from the Concurrency and Computation: Practice and Experience journal, chatbot is short for the term “chat robots.” Using user commands, these bots perform human-like conversations and use machine-learning algorithms to give answers. They also have the following downsides listed below.
- Lower comfort levels: Based on the same source, humans are less comfortable talking to chatbots compared to an agent. This is because human beings generally have fewer experiences with this type of interaction.
- Abrupt chat closing: To add to this, the source above mentions that some users quickly end the conversation once they notice they’re not talking to a human being.
- Possible GDPR violation: The same paper shares that some chatbots are in violation of the European Union’s General Protection Regulation (GDPR). According to its recent mandates and regulations, chatbots need to be secure since it has access to personal information.
- Limited syntax: According to a 2023 report from the Consumer Financial Protection Bureau, chatbots only reply based on the rules and data inputs they were programmed for. This can lead to frustration for some individuals.
- Potential downtime & errors: Based on the source mentioned above, since chatbots depend on internet strength, both mobile and computer users are likely to experience downtime, errors, or crashes.
- Cloud storage vulnerability: Published in a 2021 paper from Technavio, the data that chatbots collect and store need to be given appropriate safeguards. Its procurement and access to cloud services risk unauthorized access.
- Customers shifting to competitor: Featured in a 2023 Forbes article, 30% of consumers end up switching to another brand when they have a negative chatbot experience. They also share this poor interaction with their friends and family. This is based on a global survey of 1,554 respondents.
Is Real Estate Investment Worth It in 2024?
No, real estate investment is not worth it in 2024. Although the market is expected to grow to US$613tn in 2023, current statistics indicate that the market is struggling. For instance, Business Insider reports that mortgage rates have fallen from their 23-year high of 8% to 7%. The National Association of Realtors (NARS) added that this has a major impact on first-time buyers. The report also stated that the level of inventory was 40% lower even before the coronavirus pandemic. CNN also shared that in October 2023, home sales are the lowest they have been in 20 years. Additionally, NARS shared in this article that pending home sales have lowered to 1.5% in September. All 4 US regions experienced declines in transactions year-over-year as well. And, Sales for new homes have dropped to 5.6%.
Local Lead Generation Is a Digital Real Estate Business That Creates Passive Income
Although traditional brick-and-mortar real estate is a proven source of passive income, it has serious downsides. It requires massive capital, ongoing maintenance, and is expensive to scale. That's why digital real estate, through local lead generation, is a much better option.
With a lead gen biz, startup costs are low, maintenance is only needed in the beginning, and scaling is a lot easier. The initial investment is only $300 to $500. And once your website is up and ranking, there's little maintenance needed. Additionally, since the startup cost is low and the income is passive, it's much easier to scale.
What if I have a need for 20,000 + houses to acquire, can you help me by mentoring me?
What is I have financial resources (both Banking and Private) to do any needed renovation, Can I talk to someone?
What if I have Government approval, can you help me?
Will you go international in helping outside of the USA?
Will you work with Non-Profits?