All Forum Posts by: Gregory Schwartz
Gregory Schwartz has started 137 posts and replied 1047 times.
Post: ChatGPT vs. BiggerPockets: Where do you get your answers?
#2 Off Topic ContributorPosted - Rental Property Investor
- College Station, TX
- Posts 1,079
- Votes 1,068
Quote from @Henry Clark:
OP
Recommend BP develops and gives us the best of both worlds.
About 6 months ago had a BP post on the same topic. One of our normal posters who I haven’t seen in a while. I asked him to do an AI response on Self Storage against the BP database. It came back about 90% accurate and instructive. To me it was a great response. That then other BP posters could spin off.
So the capability already exists for BP to use AI on its database. They can put a disclaimer. But the beauty is you have 1mm people who can challenge it, put a spin on it, add their nuance.
BP please add a standard AI BP data source response to each post. Since some things can get dated. You might only use a 2 year window for data filtering as an example.
Also to make money, have a link to ads, books, podcasts, etc to monetize. But not as an ad.
So AI responds to all the OP and then the members can chime in, agree, or disagree. Providing real-world recommendations and examples? This would be gold
Post: ChatGPT vs. BiggerPockets: Where do you get your answers?
#2 Off Topic ContributorPosted - Rental Property Investor
- College Station, TX
- Posts 1,079
- Votes 1,068
Quote from @Ken M.:
Quote from @Doug P.:
I just asked it about buying sub2 in Canada and the results were nonsense that would at best get me sued. But how would I know that if I didn't already understand how sub2 investing works in Canada?
If you're asking it questions about a topic you aren't already an expert in then how could you possibly know if the answers are accurate? You can't know what you don't know.
ChatGPT (or any of the others) is very good at giving answers that sound reasonable. But are they true?
Great Point.
A solution to this, run it through multiple AI's. Just like getting a second option on the doctor's diagnosis.
Post: ChatGPT vs. BiggerPockets: Where do you get your answers?
#2 Off Topic ContributorPosted - Rental Property Investor
- College Station, TX
- Posts 1,079
- Votes 1,068
Quote from @Nicholas L.:
i haven't found it to be very helpful for the day to day. are there things that you're using it for successfully? definitely interested in hearing more if there are.
I've been using it for about a year, and the responses continue to improve weekly. I use it multiple times a day — it's become instrumental for things like:
- Writing social media post descriptions and captions.
- Turning a long, unorganized stream of thoughts into a clear outline so I can organize my "monkey brain."
- Drafting detailed, well-written follow-up emails to clients.
- Analyzing market data and highlighting trends or opportunities.
- Organizing scopes of work from inspection reports or scattered notes about items that need updating in a rental or rehab.
- Negotiation support — asking it to re-write an email or text using Chris Voss’s techniques from Never Split the Difference.
- Identifying potential risks I might be overlooking. For example “I’m planning to do ABC to achieve XYZ — what risks should I consider?"
- Uploading contracts (leases, offers, etc) and asking it to explain specific paragraphs so I can confirm my interpretation and avoid bias.
I always ask for sources or an explanation of how it arrived at its conclusions.
Pro tip: tell it to “take its time.” The answers feel about 75% more accurate when you prompt it to slow down — kind of like when my wife tells me to slow down when I get excited about a deal.
Post: ChatGPT vs. BiggerPockets: Where do you get your answers?
#2 Off Topic ContributorPosted - Rental Property Investor
- College Station, TX
- Posts 1,079
- Votes 1,068
Quote from @Ken M.:
Quote from @Gregory Schwartz:
I’ve been thinking—are fewer people using great forums like BP and instead going straight to the “all-knowing” ChatGPT?
As much as I love these forums, sometimes getting a clear answer can be tough. BP has been the foundation of my real estate investing journey, and I owe so much to the community here, the podcast guests, and the hosts.
BUT… lately I find myself wanting quick, straightforward answers without the forum drama, side tangents, or sales pitches. And honestly, I’ve been spending less time here and more time asking AI.
Yes, I know—one day it may enslave us all and I’m playing right into its plan … but in the meantime, it’s hard to beat instant, drama-free answers.
Am I the only one?
Someone I buy properties at a discount for, ran into a legal problem that was unusual for him. He ran ChatGPT, and did a reasonably good job of defining the issue and showed me the result. I don't use AI or ChatGPT so I was intrigued to see what it would say. It was a reasonably good answer except that it didn't know about he case law that would get him sued and lose.
As someone else pointed out in a different post, "it just isn't there, yet".
Now, I could say, "go ahead and follow AI advice", which will likely get you side tracked and sued, that leaves the good deals for the rest of us, but I'm not that kind of guy.
Experience will always succeed over AI. Situations change too quickly.
The biggest differentiator for me is that I can ask ChatGPT for his sources, his references, I can ask him to go back and verify his answer based on things like case law.
I think there is real value in community and guidance from experienced investors, but I'm not sure that I'm convinced that the advice provided on BP is better than AI.
Post: ChatGPT vs. BiggerPockets: Where do you get your answers?
#2 Off Topic ContributorPosted - Rental Property Investor
- College Station, TX
- Posts 1,079
- Votes 1,068
Quote from @Joseph Beilke:
I agree the with previous posters. I gave ChatGPT the OP and replies of this tread.
This was written by ChatGPT.
"ChatGPT is a great tool for many things, but it doesn’t always get its answers directly from the web. Most of what it provides comes from its training data, and then it can pull in real-time information from the web when needed. If the algorithm leans toward inaccurate or widely repeated information, it can still give a misleading answer. That’s why I like to follow the linked source material whenever it’s available, to see if the information is truly valuable. If you have zero clue about a topic, ChatGPT can at least help point you in the right direction."
Post: ChatGPT vs. BiggerPockets: Where do you get your answers?
#2 Off Topic ContributorPosted - Rental Property Investor
- College Station, TX
- Posts 1,079
- Votes 1,068
Quote from @Doug Smith:
when we get an answer from AI or BP, to research it for ourselves with real experts. That's my 2 cents. Good luck to you.
Post: ChatGPT vs. BiggerPockets: Where do you get your answers?
#2 Off Topic ContributorPosted - Rental Property Investor
- College Station, TX
- Posts 1,079
- Votes 1,068
Quote from @Colleen F.:
@Gregory Schwartz is chat GPT as smart as we think? Remember that saying garbage in = garbage out. I base where I am going on what I am asking. You have a complicated scenario you want a couple of real people to maybe weigh in on or check out the thoughts over the past couple of years you go to bigger pockets or another source and search or ask a question. Something more straightforward a source like chat GPT. Keep in mind you shouldn't swallow most answers lock stock and barrel as they say no matter the source.
Post: ChatGPT vs. BiggerPockets: Where do you get your answers?
#2 Off Topic ContributorPosted - Rental Property Investor
- College Station, TX
- Posts 1,079
- Votes 1,068
I’ve been thinking—are fewer people using great forums like BP and instead going straight to the “all-knowing” ChatGPT?
As much as I love these forums, sometimes getting a clear answer can be tough. BP has been the foundation of my real estate investing journey, and I owe so much to the community here, the podcast guests, and the hosts.
BUT… lately I find myself wanting quick, straightforward answers without the forum drama, side tangents, or sales pitches. And honestly, I’ve been spending less time here and more time asking AI.
Yes, I know—one day it may enslave us all and I’m playing right into its plan … but in the meantime, it’s hard to beat instant, drama-free answers.
Am I the only one?
Post: The Opportunity That No One is Talking About in Short Term Rentals...
#2 Off Topic ContributorPosted - Rental Property Investor
- College Station, TX
- Posts 1,079
- Votes 1,068
Quote from @V.G Jason:
That got very personal really quick. You almost hurt my feelings. My therapist will hear about this during this week's session for sure.
Post: The Opportunity That No One is Talking About in Short Term Rentals...
#2 Off Topic ContributorPosted - Rental Property Investor
- College Station, TX
- Posts 1,079
- Votes 1,068
Oh... Austin is basically Raleigh, a city 1000 miles away in a completely different state.
@Blake Anthony Carter sorry, I guess you overpaid haha.
Keep up the good work, sounds like you're building a great business, and there is no doubt in my mind that you are buying great deals.