Stop guessing what to trust in an AI answer.
My approach to AI for real estate investors puts the facts, assumptions and unanswered questions where you can check them. Use my prompting framework, worked example and reusable prompts to give your next analysis a clear starting point.
Explore the matching classAI for real estate investors starts with your facts
Give AI a clear job before you ask for an answer.
Supply the property details, costs, financing terms and source dates. Separate known facts from assumptions. Mark the gaps.
Then ask it to list its assumptions before analyzing anything. Now you have a starting point you can inspect, line by line.
Know where every important number came from
For ChatGPT real estate analysis, ask for sources behind factual claims and inputs behind calculations.
Open the sources. Check the dates, locations and supporting details. Recalculate the figures that drive the decision.
Keep unanswered questions beside the analysis so you know exactly what to investigate next.
See which assumptions change the picture
What happens if repairs cost more? The project takes longer? Financing terms change?
Compare those hypothetical scenarios against the same starting facts. Follow what changes in the analysis.
Turn those differences into specific questions to investigate before you decide.
Take the right question to the right person
Put the relevant documents and unresolved questions together. Take contract, tax, property-condition and local-rule questions to a qualified professional in that area.
Give them something specific to review.
That's how I approach AI: help me work through the decision, while I keep the final call on my money and reputation.
Start with my framework. Skip the blank screen.
I teach How to Use AI as a Tool for Better Decisions at the FIRE Center.
Work through Better Prompts, then Finding & Analyzing Deals and its second part.
The manual gives you C.R.A.F.T.: Context, Role, Action, Format and Target Audience. Follow the worked example, then use the reusable prompts as your starting point.
A framework, an example and prompts to work from, all in the same class.
Explore the matching classPut the process to work on your next question
Explore the Starter Analyzer with your inputs and assumptions ready to check. Use the learning topics to dig into the real estate question behind the analysis.
Keep the same process in front of you: supply the facts, check the answer, compare scenarios and resolve the questions.
You make the call.
Get the free analyzer kitInstructor: Rich Rice. Use AI to think through the work, not make the call for you.
Every membership includes the Analyzer: bring an address and work through comps, estimated value and initial numbers to decide what deserves a closer look.
Drop in an address for a quick first look: recent nearby sales, an after repair value (ARV) range, repair estimates and a maximum allowable offer.
Eight topics, each paired with a class and a tool. Pick the next question you need answered.
Ask it to organize the facts, identify assumptions and compare hypothetical scenarios. Use that work to focus your own review and the questions you take to qualified professionals.
Gather the property details, costs, financing terms, sources and dates you have. Separate confirmed facts from assumptions and mark missing information before starting the analysis.
Open the original sources, confirm they support the claims and independently recalculate important figures. Keep unresolved questions visible and take specialist questions to a qualified professional in that area.
I do, Rich Rice. How to Use AI as a Tool for Better Decisions includes Better Prompts, Finding & Analyzing Deals and Finding & Analyzing Deals (Part 2), with a manual containing a worked example and reusable prompts.
Give your next analysis a clear starting point.
Work through my framework and example, then use the reusable prompts to structure your own analysis.
Explore the matching classYour first Wednesday is free
Visit the FIRE Center in Riverside or join Deal Room and FOCUS on Zoom.