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The Best Ever CRE Show

JF 3889: AI In Acquisitions ft. Paul Hopkins, Perry Zheng, Lance Pederson and Bo Barron

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8983 Ratings

🗓️ 28 April 2025

⏱️ 45 minutes

🧾️ Download transcript

Summary

On this episode of the Best Ever CRE Show, Joe Fairless interviews AI-savvy investors Paul Hopkins, Perry Zheng, Lance Pederson, and Bo Barron to explore how artificial intelligence is reshaping commercial real estate acquisitions. The panel shares practical tools—like Google’s Notebook LM, ChatGPT, AI21, and Claude—and strategies for deal analysis, underwriting, parsing PDFs, and even creating custom GPTs to automate offering memorandum reviews. They discuss how AI streamlines market research, transforms spreadsheets into semantic data, and helps underwrite deals more accurately and efficiently, while also acknowledging its limits in replacing human decision-making and deal sourcing relationships. Paul Hopkins COO and Partner https://cpicapital.ca/ Perry Zheng Founder and CEO https://www.cashflowportal.com/ Lance Pederson CEO and Co-Founder https://www.passiveadvantage.com/ Bo Barron CEO https://barroncommercial.com/ vikingcapllc.com Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at www.bestevercommunity.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Get ready for a game changer.

0:02.2

Adobe Express is the quick and easy app that makes creating content for your business easier than ever.

0:07.6

From engaging presentations to eye-catching animations and social posts,

0:11.6

your teams can produce work that's on brand and on time every time.

0:15.8

Transform your ideas into stand-out content with time-saving generative AI features

0:20.6

that are designed to be safe

0:21.9

for commercial use. No headaches, just results. Curious to learn more, head to Adobe.com

0:27.8

forward slash express. All right. Well, best ever listeners, how you doing? This is Joe Fairless

0:34.5

with the best ever multifamily syndication show, but here's a wrinkle.

0:39.3

This isn't going to be just multifamily today. This is going to be commercial real estate.

0:45.0

And the reason why is we're doing a special segment. I'm a huge proponent of AI. And I think we are in the very early stages. If it's a nine-ending game,

0:57.7

I think we're in like the bottom of the first, maybe the top of the second. And if we're not

1:04.1

using AI in our business, then that's a competitive advantage we're not capitalizing on.

1:21.2

And with us today, we have four experts who are using AI in the acquisition of commercial real estate properties.

1:23.4

And the purpose of today's episode is to share with you practical tips for how you could use AI when finding and underwriting commercial real estate deals.

1:40.2

So that's the outcome.

1:42.3

By the time you're done, listen to this, you should have some notes on some tools that you can use for AI finding deals and perhaps some nuances of how to do it with different prompts and just the process that some individuals on this show use.

2:02.0

So that's the premise.

2:04.3

That's the outcome.

2:05.7

With us today and no particular order, just how I ended up right in the names.

2:10.3

Paul Hopkins first, Directive Acquisition, CPI Capital, based in Denver, Colorado.

2:16.4

We got Lance Peterson, co-founder of Passiveadvantage.com, based in

...

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