AI Chat

Note: This feature is currently under development and is expected to launch in April or May.

The AI Chat feature will introduce an interactive, conversational interface, allowing you to engage directly with the AI model about your underwriting analysis. Unlike the static AI Analysis, this tool will enable a back-and-forth dialogue to explore your deal in greater depth.

How It Will Work

Once available, AI Chat will let you:

  • Ask Questions: Pose specific queries about your underwriting data.
  • Seek Clarifications: Get explanations for insights from the AI Analysis report.
  • Test Scenarios: Explore how changes in assumptions affect the deal.
  • Dive Deeper: Request additional details on risks, opportunities, or financial metrics.

The AI will maintain context throughout the conversation, ensuring a coherent and productive exchange.

Sample Questions

Here are some examples of questions you might ask during an AI Chat session:

  1. “What’s the projected cash on cash return if I increase the downpayment by 5%?”
  2. “Are the rent growth assumptions realistic for this market?”
  3. “How does the cap rate compare to other multifamily properties in the area?”
  4. “What are the biggest risks to achieving the projected IRR?”
  5. “Can you explain why the NOI seems lower than expected?”
  6. “How would a 2% increase in vacancy rate impact the debt coverage ratio?”
  7. “What’s the potential upside of the planned capital improvements?”
  8. “Is the purchase price justified based on the current financials?”
  9. “Should I extend the hold period to improve returns?”
  10. “What discrepancies do you see between my data and typical market trends?”

These questions illustrate how you can use the chat to gain deeper insights and make informed decisions.

Anticipated Benefits

  • Immediate Responses: Get answers in real time without resubmitting data.
  • Custom Exploration: Focus on the aspects of the deal that matter most to you.
  • Enhanced Understanding: Gain a nuanced perspective through interactive dialogue.
  • Flexibility: Adapt the conversation to your specific needs or concerns.

Preparing for Launch

While AI Chat is being developed, you can:

  • Use the AI Analysis feature to familiarize yourself with the AI’s capabilities.
  • Ensure your underwriting data is detailed and accurate to maximize the value of future chat interactions.
  • Verify that you’ve configured an AI provider in the Admin Portal.

We’ll provide updates as we approach the launch in April or May, so stay tuned for this powerful addition to your underwriting toolkit!