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Updated over 1 year ago on . Most recent reply

AI & GPTs in Deal Review & Underwriting
Hi All,
Wanted to share this experiment I ran on training my own GPT to review deals easily from screenshots. All I do is drop a listing into it and it can analyze costs, financing, comps, and so forth as I train the model. This is one of the new features of GPT4. I've also asked it to create some simple renderings of those deals for reference only.
I want to know where further to train the model and how further of a use it could be for deals, whether marketing, analysis, financing, design and so forth since for a penny you basically can a junior employee that can copy your work methodologies.
Also would be happy to connect with anyone who is interested in GPTs, LLMs and Tech in general in our industry.
Thank and have a great day,
Most Popular Reply

I think LLMs in real estate are promising just due to the shear amount of information we share in the creation of permit/construction documents. From an architecture stand point, we use tremendous amount of textual data such as zoning codes, contracts, building codes, proposals, specifications, communication logs, meeting notes and more. You'd think it is drawings that take the space, but most of the work is administrative (70% or so). For example my previous firm had about 8TB of data for just current projects, that gives you a sense of scale.
We spend so much time tracking back the data and decision reasoning chasing like rabits through folders to find the reasoning of changes and omissions. Any minor change could be a reason for legal action in the future so we have to keep everything on records for years.
LLMs definitely could be super handy, and also help us increase the quality of the projects and consturction documents we produce. Now when everything is moving to BIM they probably can even query the models and give us better insights as well.
I am definitely exploring where this technology can be handy, started my own path and seeing the benefits of using generative image creations, language models, and even co pilot to write simple code for my design models. There is a field called generative design that combined with generative AI create powerful workflows to deliver design documentation quickly and I am just wandering curiously in that domain at the moment.