AI and Real Estate: Michael Quan Shares His Insights and Predictions | REtipster Podcast 163

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Michael Quan ran a successful technology company for over a decade and then sold it to prioritize his family.

Since then, Michael has been blogging at FinanciallyAlert.com, a published author of the F.I.R.E. Planner through Simon & Schuster, and his guy has a deep passion for personal finance and empowers others to take charge of their financial well-being.

This past May, Michael and I were at a REWBCON conference. At the conference, I sat in on Michael’s presentation about how real estate investors can use AI to run their businesses.

0:00 - Introduction
3:41 - AI as a Tool
7:26 - Analyzing Market Trends
9:30 - Building a Business with AI
10:38 - The Power of Chat GPT
13:20 - The Power of AI in Dynamic Interaction
14:41 - Analyzing PDFs and Gaining Insights
15:42 - Leveraging Chat GPT as a Copywriter
17:46 - Leveraging AI for Decision-Making
19:21 - Specific Prompts for Business Advice
21:27 - Effective Communication and Extracting Information
26:23 - Exploring AI Interior Design Tools
27:16 - The Rapid Development of AI Tools
29:13 - AI in Video Creation and Audio Enhancement
32:01 - Ethical Considerations and Implications of AI
36:40 - The Future of AI and Its Impact
39:59 - Clueless Congress
41:29 - AI Advances vs Regulation
43:20 - AI in Real Estate
46:35 - Leveraging AI in Real Estate
49:23 - AI for Deal Structuring
52:52 - Introduction
53:34 - Building Trust with AI
54:53 - AI Integration in Real Estate App
56:06 - AI Agents for Real Estate
58:36 - The Power of AI Automation

As we all know, AI has been a huge topic over the past year, with the explosion of innovative new tools and websites that can be used in many different ways to make life easier and more efficient than ever before.

I’ve been racking my brain, trying to think of different ways real estate investors can use AI because I know there is huge potential here, but when I saw Michael’s presentation, I realized he had already done most of the heavy lifting for me. So, rather than me trying to teach you what can be done, Michael will teach us what can be done, and we’ll talk about some of the cutting-edge tools available to you right now.

With AI, your biggest limitation is your imagination and recognizing what can be done. With any luck, after hearing what Michael has to say, you may develop some of your own ideas, and if you do, I hope you’ll share them with the REtipster Community, either in our forum or Facebook group!