How To Use ChatGPT To Analyze Real Estate Deals, Raise Capital, & Land Jobs [WAY Faster]
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- čas přidán 16. 07. 2024
- How To Use ChatGPT To Analyze Real Estate Deals, Raise Capital, & Land Jobs [Faster] // AI is everywhere right now, and with the release of ChatGPT last November, everyone is trying to figure out how to actually use this to their advantage.
And even though there are still a lot of kinks to work out, ChatGPT is already a really helpful tool for real estate professionals and investors, especially when it comes to some of the more manual tasks that need to be completed on a deal-by-deal basis.
So in this video, we'll cover a few ways you can use ChatGPT right now to help you analyze deals and advance your commercial real estate career, and do these things faster, more efficiently, and with fewer headaches overall.
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🕒 Timestamps 🕒
0:00 Introduction
1:01 Writing Applications
4:44 Underwriting Applications
6:31 Job Search Applications
9:53 How To Break Into Commercial Real Estate
#commercialrealestate #artificialintelligence
*Nothing in this video should be construed as tax, legal, accounting, valuation, or financial advice or recommendation. All information in this video is intended solely for educational purposes, and you are advised to consult with your own personal professional advisors regarding your personal investment decisions.
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Research and articles referenced in this video:
openai.com/
![What a "Good" Real Estate Deal ACTUALLY Looks Like [With Examples]](/img/n.gif)
How are you using AI in your workflow right now? How do you see it changing the industry?
Great up to date content Justin. I hope you make more videos on AI.
Glad you liked it!
excellent.
Great content! keep it up!
Glad you found it helpful!
Great content.
Thanks, Matt!
Hi Justin, I've also used it to summarize extensive research reports, OM's, contracts (tread lightly), summarize emails, and help me learn new software/code/excel. Very interested to hear how others are using it in the industry.
Great feedback, Cole! Thanks!
I tried using it to help me write code in Excel but you need a bag of lock until it gives it to you. Excel formula boat works much better for that.
the importance of the prompt is key to develop all of these applications among others. This is just the surface from the potential of chatgpt.
Agreed completely - the prompt is key. Thanks for adding this, Juan!
@@BreakIntoCRE The future is here.
Hi Justin yes, AI is all the rage, I really like it and would like to know how to use it in the real estate industry!
Using AI in a research such as market overview descriptions, finding new house/commercial developments in an area. Would also be curious in what ways automations can be used in excel models. I.e. scrubbing PDF reports and taking that data into Excel. Tried using Power Automate but just not quite there yet.
Stop killing yourself bro,I had the same issues with you,bro contact a pro and they'd take you past this phase easily and even widen your knowledge,
Well incase you need it contact Lewis James Godfrey,I think he's the one for the job,just browse his full name and you'd see his site,then you contact him from there
@@Leonwitsel Who do you recommend?
@@TK-ne2yo Lewis James Godfrey
He's a top notch financial advisor
Just browse about him on the web and you'd see his site where you can contact him.i work with him also
Is there a way to use AI to find off market deals? And add deals to our pipeline
I'm sure there are companies out there that are trying to come up with some variation of a tool that can automate this process using AI - right now, it may be just as simple as ChatGPT helping with wording emails, letters, and/or phone scripts when contacting sellers to increase your response rates.
I tried to replicate the functionality of generating a list of 5 apartment buildings as you did in the video, I’ve tried about 10 different ways of phrasing it but each time ChatGPT says it’s an ai and doesn’t have access to real time data and refers me to other sources - how’d you do it?
Contact a pro my friend and stop killing yourself 😂
hi
i conclude that gpt is helpfull for realstate advisement and broker but is not reliable for analysis and get the irr and net present value
So basically I replace the tedious work of writing up this analysis with the tedious work researching if ChatGPY lied about its analysis and then go find the actual data?? 😂😂😂
Ha! It can't replace all work just yet, but removing the headache of finding the right initial wording to "sell" a market and/or asset can be a huge time saver.
Justin, I’m your student working in the industry as an analyst. Do you think Real Estate analyst will be replaced?
Nope - I think AI will help supercharge real estate analysts to get a lot more done in a lot less time, and will allow them to contribute to their company in a much more meaningful way (greatly reducing or eliminating many low-value, tedious, data-entry-type tasks). The more you embrace the change as a tool that can help you, the more beneficial this will be to your career growth. Good question!
You use ChatGPT to create this content?
Yes, Justin is actually just an AI avatar. I have long suspected this.