Kim Lisa TaylorSecurities Attorney, Founder, Syndication Attorneys, PLLC · Corporate Securities Attorney, 2x Best-Selling Author, Nationwide Speaker | Private Placement

AI Is Taking Over Real Estate! Here’s How…

12 Nov 2024 · 1 min

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In this brief conversational clip, Speaker B explains how artificial intelligence is transforming the real estate industry, primarily by dramatically speeding up the underwriting process—from several hours to just minutes. The speaker describes AI as the "brain" of the operation, coordinating with contact management and deal‑flow systems to automate many aspects of a real‑estate deal. The overall tone is enthusiastic, highlighting AI as a breakthrough that supports both left‑ and right‑brain professionals and promises to take over most deal‑related tasks.

Chapters

So what do you think about AI in the real estate industry? Where do you see that going?
You know, the, the biggest thing with AI is the fact that it makes underwriting so much easier because that's the most difficult thing for a lot of people. And for those people that are not left-brained like me, that are right-brained, and even though I know how to underwrite and I know what good underwriting looks like, I hate to do it. But with AI now, you can underwrite what you normally would take like 3+ hours. You're doing it in 10, 15 minutes. It's incredible. So that's the biggest breakthrough, I think, and that's the thing that helps support most people. But every aspect of the deal can be taken over, taken over by AI. I call it the brain. Actually, I laid it out for my team the other day. I was like, look, this is the brain, the contact management system, and then the deal flow.