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McGarry: BlueStream software drove nearly $4M in closed deal volume

Maureen McGarry · She built secret software to add $4m in deal volume to her brokerage last year · Jan 8, 2023 · at 12:19

Maureen McGarry discusses the revenue and deal volume generated for her brokerage via her proprietary real estate software tool.

0:00 / 0:08exact quote · 8.5s
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“So just working part time on sales, I had almost four million from the software. Nathan Latka: In closed deals. Maureen McGarry: Yes.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Maureen McGarry

Disclosure
McGarry: Spent roughly $100k in wasted dev costs on BlueStream
“We're on the third revolution of this software. I would say we probably have a 100,000 into it. That was a waste.”
Maureen McGarry Jan 8, 2023 ▶ 5:50 She built secret software to add $4m in deal volume to her brokerage last year
Assertion Supported
McGarry: Accessing MLS data feeds requires local licensing across 500-600 MLSs
“There's, I think, five or 600 MLSs in the country. And you can't just go in and sign up for that and get that data feed. You have to be licensed in that area.”
Maureen McGarry Jan 8, 2023 ▶ 7:01 She built secret software to add $4m in deal volume to her brokerage last year
Assertion Not checkable as stated
McGarry: Brokerage commissions have fully recouped software development costs
“Nathan Latka: So maybe it's probably, maybe you've actually already recouped everything you've spent on this, on the software. Maureen McGarry: Oh, absolutely. I have. Yes. Yes.”
Maureen McGarry Jan 8, 2023 ▶ 12:45 She built secret software to add $4m in deal volume to her brokerage last year
Disclosure
McGarry: Operating BlueStream software locally costs roughly $1,000 per month
“To keep it going in our market, it's not much. It's maybe a thousand a month. But we use it within our brokerage.”
Maureen McGarry Jan 8, 2023 ▶ 11:50 She built secret software to add $4m in deal volume to her brokerage last year
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