Ep 198 - Will AI Replace Real Estate Investors?

Neil is joined by Bob LeChance, a US-based investor and founder of virtual assistant company Reva Global, for a conversation on where AI and virtual assistants are taking real estate. What happens in the American market tends to ripple through to Australia, so this one is worth a listen if you want an early look at what could be heading our way. Bob started flipping properties back in 2004 before moving into short sales, negotiating bank debt down on distressed homes. He did over a thousand of those deals through the last downturn, and now runs a team doing a couple of hundred deals a year alongside a virtual assistant company with around 600 VAs. In this episode: How the US short sale market works, and why it is picking up again as prices soften Why documenting every task is the foundation of building a team and scaling How Bob trains his VAs to use AI rather than be replaced by it The tools changing the game, from ChatGPT and Claude to OpenClaw and Google's suite Where property could head next, including instant rehab quotes from a single video and an "Uber for real estate" Wholetailing and Airbnb: what is actually working in the US right now