Dollar Bill AI

Dollar Bill is RealBooks’ AI Asset & Project Builder. Instead of filling out forms and data-entry screens, you describe a new acquisition or rehab project in plain English — and Dollar Bill creates the asset record, sets up the project, and generates a room-by-room cost estimate, all in a single conversation.

What Dollar Bill Does

Capability	What It Does
Asset Creation	Create a new property record from a conversation — address, entity, purchase details, property type
Project Setup	Build a structured rehab project with rooms, scope, and tasks from your plain-English description
AI Rehab Estimates	Generate geolocation-accurate cost estimates using regional labor and material data
Budget Scaffolding	Turn an estimate into a live project budget with line items ready to track against

Asset Creation by Conversation

Instead of navigating through setup screens, tell Dollar Bill about a new acquisition:

“I just closed on 4521 Palmetto Drive in Tampa, FL. It’s a 3/2 SFR, purchased for $285,000 through my Oak Street Holdings LLC on May 10th.”

Dollar Bill creates the full asset record — property address, entity assignment, purchase price, purchase date, and property type — and asks for anything it needs to complete the setup (loan details, current value, custom attributes). No form-filling required.

Rehab Project Planning

Describe the work you’re planning and Dollar Bill builds a structured project:

“It needs a full kitchen gut and both bathrooms updated. The flooring throughout is original hardwood — I want to refinish it, not replace it. The HVAC is only 4 years old so I’m leaving it.”

From that description, Dollar Bill:

1. Creates a project tied to the property
2. Breaks the scope into rooms and categories (kitchen, bath 1, bath 2, flooring)
3. Generates task lists within each area
4. Produces a line-item cost estimate for each section

Room-by-Room Estimates

Dollar Bill generates estimates at the task level, not just a single total. For a kitchen rehab, you’d see separate estimates for:

• Demolition and disposal
• Cabinetry (upper and lower)
• Countertops
• Appliances
• Plumbing (fixtures, supply lines)
• Electrical (outlets, under-cabinet lighting)
• Tile backsplash
• Labor

This level of detail is useful before you solicit contractor bids — you can spot immediately if a quote is high or low on a specific line item.

Regional Cost Data

Estimates are calibrated using regional labor and material cost data for your property’s location. A kitchen remodel in Tampa is priced differently than the same scope in rural Ohio — Dollar Bill accounts for this automatically.

Note

Dollar Bill estimates are AI-generated ballparks useful for feasibility checks and bid comparisons. Always get real contractor quotes before committing to a project budget. Use the estimate as a baseline, not a final number.

From Estimate to Live Project

Once you’re satisfied with the estimate:

1. Review the line items and adjust anything that doesn’t fit your scope
2. Click Create Project — Dollar Bill converts the estimate into a live project with the budget pre-filled
3. As you collect contractor bids, update line items with real quotes
4. Track actual expenses against the budget as work proceeds

The project lives inside the property record, so every expense automatically flows to the correct asset, entity, and tax schedule.

How to Use Dollar Bill

Starting a Conversation

Dollar Bill is accessible from the Projects section and from any property detail page. Click Talk to Dollar Bill to open the conversation panel.

You can start anywhere:

• Describe a new acquisition and Dollar Bill creates the asset
• Tell him about a project and he builds the scope
• Ask for a cost estimate on specific work without creating a project

Example Flows

New acquisition with immediate rehab:

“Closed on a 4/2 in Atlanta yesterday — 1978 build, $340K purchase price through my Peach State Investments LLC. It needs a full cosmetic rehab: kitchen, 2 baths, new flooring throughout, and fresh paint inside and out. I want to get into it for under $65K.”

Dollar Bill creates the asset, acknowledges the budget target, and generates a scope estimate showing whether $65K is realistic for that market.

Standalone estimate before making an offer:

“What would a full cosmetic rehab typically cost on a 1,400 sq ft SFR in the Dallas suburbs? Kitchen, 1.5 baths, flooring, interior paint.”

Dollar Bill provides a cost range without creating any records — useful for quick feasibility checks before you’re under contract.

Availability

Dollar Bill is available on Rehabber and above.

Plan	Dollar Bill
Bird Dog	—
Rehabber	Yes
DIY’er	Yes
Mogul	Yes
Executive	Yes

Common Questions

Is Dollar Bill the same as the Rehab Estimator? Yes — the AI Rehab Estimator is powered by Dollar Bill. The conversational interface and the Estimator tool within Projects both use the same underlying capability.

Can I edit Dollar Bill’s estimates? Yes. Everything Dollar Bill generates is editable. Adjust line items, swap categories, add or remove tasks, and change quantities before creating the live project.

Does Dollar Bill learn from my past projects? Yes. As you complete projects and record actual costs, Dollar Bill factors your historical spending patterns into future estimates for similar work in the same markets.

Can Dollar Bill create assets for commercial properties? Yes — commercial, multifamily, mixed-use, and all other property types are supported. Specify the property type in your description and Dollar Bill applies the correct depreciation schedule (39 years for commercial) and generates estimates calibrated to that property class.