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Adrian Teo
  • Real Estate Agent
  • CA
1
Votes |
15
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How has AI helped you? Not selling anything, just a discussion.

Adrian Teo
  • Real Estate Agent
  • CA
Posted

Most of us use AI to check out work, generate answers and general queries. 

I've been actively experimenting with a combination of creating a second brain of my RE work (e.g. deals, statuses, analysis etc) and utilizing AI to create systems for repeatable workflows (e.g. lead qualification, identifying properties that fit my clients' buy-boxes etc). 

imo, the second brain has been life-changing and has altered the way I work this profession (and even day to day life). The ability to have a corpus of information stored locally (and backed up to cloud) and then be able to instantaneously retrieve it by querying AI and further build on it has increased by productivity. More importantly, it has increased my vision of the kinds of additional value I can bring to my clients. 

It has helped me to front-load a lot of the checks, analysis and due diligence that I would have to otherwise do manually which really is the boring and mundane part of RE work so that I can focus on building relationship with my clients. 

I wonder if this has been your experience and if you have seen similar results. 

I'm interested to hear if you have experimented with AI beyond the standard query and built systems like the one I've described. And how has that impacted the way you work? 

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Ken M.#4 Buying & Selling Real Estate Contributor
  • Investor
  • Get yourself trained before doing something inadvisable.
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Ken M.#4 Buying & Selling Real Estate Contributor
  • Investor
  • Get yourself trained before doing something inadvisable.
Replied

I asked AI to give me the amount of principal paid on a loan of $428,231 that was paid on time for 81 months of a 30 year term at 7% interest it gave me an answer of of some $527,896 of PRINCIPAL paid. When I said "you're telling me that after 81 months, more was paid on the principal than originally existed - it recalculated and it said "good catch" AI said "I used the wrong formula and I had the minus sign placed in the wrong location.

I wanted to tell it to take the rest of the year off and go sit in a corner somewhere far from me.

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