The A.I. Advantage Show™ Evolvepreneur® AIS002:026 [Dax Stanley] Real Estate Investing: ChatGPT Edition
Welcome to the Evolvepreneur A.I. Advantage Show
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My very special guest today is Dax Stanley ...
Dax Stanley, a visionary founder in property investment, combines qualifications in science, engineering, business, and technology to redefine the industry since 2002. Actively involved in buying, renovating, and developing properties, he now pioneers a transformative approach using ChatGPT and AI technology. In his upcoming book, "Real Estate Investing: ChatGPT Edition," Dax shares insights on leveraging ChatGPT for data-driven decision-making in property investment. His recent podcast appearance further establishes him as a thought leader, empowering investors to embrace a prosperous property future through innovative strategies and technology-driven insights.
Key Moments:
- Dax Stanley is an innovator in the property investment space who has successfully integrated his technical qualifications with property investing using AI tools like chatGPT.
- Dax took time over the holidays to deeply explore chatGPT's capabilities and found it could effectively simulate negotiations, tutoring sessions, and other scenarios to prepare for real-world interactions.
- Structuring prompts with clear identities, contexts, and iterative questioning allows chatGPT to provide more detailed and tailored responses.
- Minimizing prompts after refinement helps compress knowledge into more efficient exchanges.
- Integrating external data sources through APIs, spreadsheets, and plugins gives chatGPT more up-to-date information for analysis tasks.
- While chatGPT is helpful, human oversight is still needed to quality check responses and avoid potential hallucinations.
- AI can act as a force multiplier by increasing productivity rather than replacing jobs when implemented properly.
- Embracing AI tools requires understanding limitations like lack of certain current data and managing associated risks.
- AI assistance combined with human expertise provides efficient hybrid solutions compared to relying on either alone.
- Dax's upcoming book will help others apply his approach to integrating chatGPT into property investment strategies and decisions.
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