S1E50 - Exploring AI Implementation For RE Investor Strategies

Joseph discussed the potential benefits and limitations of AI implementation in real estate investor strategies, particularly in property valuations and appraisals. He highlighted the accuracy and objectivity that AI, specifically computer vision, could bring to property assessments, but also expressed concerns about potential issues, such as undisclosed defects. Joseph also shared an example of how AI-backed home inspection revealed previously unknown structural issues. He suggested that AI could significantly streamline processes, but also cautioned against the misuse of the term 'AI'. Joseph discussed the integration of artificial intelligence (AI) in the real estate industry, highlighting its potential applications such as virtual tours, risk assessment, fraud detection, and enhancing customer experience. He emphasized the need to balance the use of technology with human judgment and decision-making, and the significant impact of technology and AI on employment growth in the US over the past 80 years. He also predicted changes in the demand for space, emerging influences, and new asset and product types due to AI, and noted that migration patterns for AI-impacted individuals would shift, with rural and suburban markets expected to attract more people. Contact Our Sponsors=================Perkitech - https://perkitech.com/Built Lending - https://www.built-lending.com/MB Capital Solutions - https://mbcapitalsolutions.com/Joseph @ Built Lending - https://www.linkedin.com/in/josephvscorese/Contact Us===========Main Website - https://creativebrrrrstrategies.com/Podcast Site w/ All Links - https://thecreativebrrrrstrategiespodcast.buzzsprout.com/share/Email - [email protected]