How AI Creates a Competitive Edge for Investors with Thomas Foley, ep 305

We’re excited to bring you our deep-dive interview with Thomas Foley, the CEO of Archer, and Blue Lake Capital’s own Director of Acquisitions (West Coast), Tim Nguyen. In this discussion, we'll unpack how technology and Artificial Intelligence (AI) are revolutionizing multifamily investing and enhancing the underwriting process.
 
However, not all AI solutions are created equal. Thomas will delve into the nuances of differentiating quality AI products from the hyped-up contenders. The key lies in the uniqueness and accuracy of the dataset utilized, he notes. 
 
Underwriting, which involves projecting an investment's performance from acquisition to sale, is crucial in the investment process. Thomas and his team at Archer have optimized this process by automating traditionally manual tasks like data extraction from financial statements, providing accurate results more rapidly than ever.
 
We'll also explore how Archer accelerates underwriting through automated calculations and comparisons, enabling investors to analyze more deals in a shorter span of time. But it's not just about quantity. Thomas emphasizes the importance of neighborhood analysis, weighing factors like crime scores, school quality, and employment rates.
 
Furthermore, Archer's platform stands out in its ability to allow for customized investment strategies, helping to refine investment options and identify suitable markets and properties. Their innovative tools such as the Investment Strategy Builder and the Rapid Screener save time and boost efficiency, streamlining the acquisition process.
 
We'll discuss how Archer's AI capabilities supercharge real estate teams' productivity, automating tasks like rent roll and financial statement parsing. By integrating multiple data sets, Archer's platform provides a comprehensive informational hub for market analysis and deal evaluation.
 
Key Takeaways:
 

Utilizing AI and Technology: The application of AI in real estate, particularly in multifamily investing, is revolutionizing the industry by enhancing data quality, increasing efficiency, and refining investment strategies. Adopting these technological advancements can significantly increase competitiveness and improve investment decision-making.

Enhancing Underwriting with AI: AI can significantly accelerate and enhance the underwriting process. By automating calculations, comparisons, and data extraction from financial statements, AI tools like Archer allow investors to analyze more deals faster, saving time and increasing productivity.

Balancing Human Decision-Making with AI: Despite the increasing influence of technology, human decision-making remains critical in real estate investing. AI and technology should be viewed as tools that supplement, not replace, human judgement. Their main purpose is to free up time by automating tasks and improving efficiency, allowing investors to focus on the more qualitative aspects of deal evaluation.

Continuous Collaboration and Feedback: The ongoing dialogue between real estate professionals and technology providers is vital to refine and enhance the effectiveness of AI tools. Open lines of communication and continual feedback loops ensure that the technology stays aligned with industry needs and evolves with changing market trends.

 
Contact Thomas:
 
Website: https://www.archer.re/
LinkedIn: https://www.linkedin.com/in/thomassfoley/
Participate in the Archer Tech Survey: https://www.surveymonkey.com/r/YPRRG5N
 
Are you REady2Scale Your Multifamily Investments?
 
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level visit www.bluelake-capital.com.
To reach Jeannette & her team, email them at [email protected] or complete our investor form at https://www.bluelake-capital.com/new-investor-form and they'll connect with you.
Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re excited to bring you our deep-dive interview with Thomas Foley, the CEO of Archer, and Blue Lake Capital’s own Director of Acquisitions (West Coast), Tim Nguyen. In this discussion, we'll unpack how technology and Artificial Intelligence (AI) are revolutionizing multifamily investing and enhancing the underwriting process.

 

However, not all AI solutions are created equal. Thomas will delve into the nuances of differentiating quality AI products from the hyped-up contenders. The key lies in the uniqueness and accuracy of the dataset utilized, he notes. 

 

Underwriting, which involves projecting an investment's performance from acquisition to sale, is crucial in the investment process. Thomas and his team at Archer have optimized this process by automating traditionally manual tasks like data extraction from financial statements, providing accurate results more rapidly than ever.

 

We'll also explore how Archer accelerates underwriting through automated calculations and comparisons, enabling investors to analyze more deals in a shorter span of time. But it's not just about quantity. Thomas emphasizes the importance of neighborhood analysis, weighing factors like crime scores, school quality, and employment rates.

 

Furthermore, Archer's platform stands out in its ability to allow for customized investment strategies, helping to refine investment options and identify suitable markets and properties. Their innovative tools such as the Investment Strategy Builder and the Rapid Screener save time and boost efficiency, streamlining the acquisition process.

 

We'll discuss how Archer's AI capabilities supercharge real estate teams' productivity, automating tasks like rent roll and financial statement parsing. By integrating multiple data sets, Archer's platform provides a comprehensive informational hub for market analysis and deal evaluation.

 

Key Takeaways:

 

Utilizing AI and Technology: The application of AI in real estate, particularly in multifamily investing, is revolutionizing the industry by enhancing data quality, increasing efficiency, and refining investment strategies. Adopting these technological advancements can significantly increase competitiveness and improve investment decision-making.
Enhancing Underwriting with AI: AI can significantly accelerate and enhance the underwriting process. By automating calculations, comparisons, and data extraction from financial statements, AI tools like Archer allow investors to analyze more deals faster, saving time and increasing productivity.
Balancing Human Decision-Making with AI: Despite the increasing influence of technology, human decision-making remains critical in real estate investing. AI and technology should be viewed as tools that supplement, not replace, human judgement. Their main purpose is to free up time by automating tasks and improving efficiency, allowing investors to focus on the more qualitative aspects of deal evaluation.
Continuous Collaboration and Feedback: The ongoing dialogue between real estate professionals and technology providers is vital to refine and enhance the effectiveness of AI tools. Open lines of communication and continual feedback loops ensure that the technology stays aligned with industry needs and evolves with changing market trends.

 

Contact Thomas:

 

Website: https://www.archer.re/

LinkedIn: https://www.linkedin.com/in/thomassfoley/

Participate in the Archer Tech Survey: https://www.surveymonkey.com/r/YPRRG5N

 

Are you REady2Scale Your Multifamily Investments?

 

Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level visit www.bluelake-capital.com.

To reach Jeannette & her team, email them at [email protected] or complete our investor form at https://www.bluelake-capital.com/new-investor-form and they'll connect with you.

Learn more about your ad choices. Visit megaphone.fm/adchoices