How AI & China Can Save You Thousands in Real Estate Development
Earn Your Leisure
iHeartPodcasts
4.8 • 7.8K Ratings
🗓️ 7 November 2025
⏱️ 9 minutes
🧾️ Download transcript
Summary
In this insightful clip from EYL, MG The Mortgage Guy joins hosts Troy Millings and Rashad Bilal to illuminate creative strategies for saving big on real estate development and home renovation. Are you paying too much for contractors? Wondering if there’s a smarter way to do your due diligence before diving into your next big project? This conversation is for you! MG The Mortgage Guy shares how getting multiple quotes and leveraging technology—especially AI tools like ChatGPT—can help you understand contractor pricing, break down labor and material costs, and even identify the top-rated local companies. He details his own methods for negotiating better deals, from uploading quotes for AI analysis to conducting deep market research before making any decision. Rashad Bilal dives into the trending “China play,” spotlighting his personal journey to source home furnishings and construction materials directly from Chinese manufacturers. Whether you’re furnishing a new home or developing multiple properties, Rashad explains how connecting with reputable suppliers overseas can lead to substantial savings—sometimes cutting costs by 30-50% or more, without sacrificing quality. If you’re a developer, imagine multiplying those savings across several homes or even commercial properties, and boosting your bottom line without lowering your property value. The conversation also touches on best practices for international sourcing, including the importance of local contacts abroad and understanding specialized vs. multi-line suppliers in manufacturing hubs like Foshan. Rashad and MG emphasize that you don’t always have to travel to China; having a trustworthy partner on the ground can help navigate the process to maximize benefits. Troy Millings rounds out the discussion by highlighting the scalability of these strategies—not just in residential construction but for commercial projects like hotels, where bulk manufacturing leads to huge upfront savings and greater long-term profits through nightly rates. Whether you’re a homeowner, an aspiring investor, or a seasoned developer, this clip is packed with actionable insights on harnessing both technology and global sourcing to work smarter, save more, and achieve maximum impact in today’s volatile market. ▶️ Hit play to learn how to:
- Compare and negotiate with contractors using AI
- Tap into international markets for bulk and custom deals
- Avoid common pitfalls when sourcing goods from China
- Scale your savings for larger developments or commercial properties
Don’t forget to comment if you want to see a full panel on the “China play” at Invest Fest! *#EYL #RealEstate #AI #ChinaSourcing #Construction #HomeImprovement #InvestFest #WealthBuilding #Innovation #Entrepreneurship* Subscribe for more wealth-building game from the Earn Your Leisure crew!
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Transcript
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| 0:00.0 | I don't know what the hell is going on with some of these quotes that people will give you on certain projects, |
| 0:05.0 | but you really have to shop contractors right now because some people are just adding tax on type of tax on type of tax. |
| 0:11.0 | Just because they think Trump is going to add the tax so they're adding it right now before it's even in play. |
| 0:17.0 | So get three or four quotes and do not be afraid to negotiate. You have to negotiate everything and you have to use tools like AI. Like I know one thing that I do when I get a quote now, I upload that quote into my chat. GBT. Yeah, I've done. I did that before. I did that with the water water basin thing. And I, I detailed the whole thing. And I said, I gave it the channel. Like, how do you feel? And it gave me an estimate of what it should it should be on the low end on on average. Yeah. And it tells you everything. And if you in the more details you put into it, the better. |
| 0:55.0 | If you in even if you put pictures like what I've done, I'll put pictures of like what I'm looking to do and really break it down. |
| 1:05.0 | And then it will give you like Rashar said low high, middle then also ask hope okay who are the companies in |
| 1:13.2 | this area that I should be talking to and they'll give you give me the top 10 companies right |
| 1:18.1 | that got the best reviews you know et cetera et cetera and then it'll give you all these companies right |
| 1:24.4 | so you have to use the AI and the technology that's out here |
| 1:27.7 | available to help you do your due diligence to help you research. |
| 1:30.5 | Cause let's face it, we don't know everything. |
| 1:32.3 | Like I don't know everything about construction. |
| 1:34.4 | So I got to use the tools that's in front of me to, to get the information. |
| 1:38.8 | So now when I'm when I'm interviewing these contractors, I can have an |
| 1:43.3 | intelligent conversation because I already have my questions already pre-written, so to speak, with that information. |
| 1:49.7 | So the due diligence process, especially in 2025 going into 2026 with all this volatility in the market, you have to really dig deep. |
| 1:59.5 | And that's why I'm really excited to hear you talk about China |
| 2:01.7 | because I've been speaking to the China people, Rashad. And I had a call last night, matter of fact, |
| 2:06.9 | with Blair. And the prices are just absolutely phenomenal, some of the shit that they're telling |
| 2:13.2 | me right now. I had to deposit ASAP. Like, let's go right now because this is incredible so but |
| 2:21.4 | that's later on the show but I had to throw that in there but you have to do your due diligence |
| 2:27.4 | and you might have to do what Sean then to fly out the country to go check out things for yourself |
... |
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