Meet the ChatGPT spinoff reinventing how investors size up deals

At 14, Aden Nurie asked his father how to break into real estate. His dad, a commercial investor in Minneapolis, suggested he take a crack at wholesaling—so Aden gave it a go, cold-calling hundreds of people after school.

“In six months, I got my first deal,” Aden says. “By 16, I’d closed my tenth.”

Although Aden loved the thrill of chasing down real estate investments, he found the underwriting process tedious. So he asked Ian Cheshire, a 17-year-old coding whiz he’d met on Discord, to help him create an AI-powered platform to streamline the process. The result? ChatARV, where investors simply type in a property’s address to receive a near-instant estimate of how much it’s worth, repair costs, and after-repair value (ARV) to help investors make offers in seconds.

At first, Ian admits, “It was hard to convince people to trust it.” But since launching in March, the platform has attracted nearly 700 users nationwide for $89 per month. Still, ChatARV faces plenty of competition from companies with strikingly similar names, from CompGPT to CMAGPT. So how’s a scrappy startup founded by two teens supposed to stand out? And for that matter, how well do any of these new AI-powered tools really work?

“I was skeptical”

Chase Christensen, who flips houses in Phoenix, first heard about ChatARV through friends and decided to try it.

“I was skeptical, since everyone is doing AI,” he admits. “I’ve seen many companies try and fail. Most valuation tools are still wildly inaccurate.”

But after running over 150 properties through ChatARV and comparing the results to his own manual underwriting, he found that the numbers “were the most consistent I’ve seen.” Now, Christensen runs all his prospects through ChatARV, which gives him an edge in a fast-moving market.

In the meantime, Aden is working as hard as a busy high schooler can to refine ChatARV, transferring to a fully remote education so he can focus on his company. His parents supported this decision, seeing that their son is way more excited about growing his business than sitting in class. And despite his young age, he is clearly onto something.

“Real estate is a slow-moving industry, but I think with AI taking off, it could really benefit from tools like this,” says his dad, Hassan Nurie. “Early on, some people didn’t take him seriously, but he didn’t stop. And very quickly that changed, because people ultimately are looking for solutions.”