Investing in real estate can mean costly legal fees but a US technology firm is claiming a world first; a robo-lawyer for real estate investors.

Bootstrap Legal uses artificial intelligence to ask investors a series of questions which allow the software to generate legal documents which are checked by an attorney before being emailed to the investor within 48 hours.

The service is designed for transactions of up to U$2 million with cutting both costs and time in mind, while offering the ability to connect to a lawyer when required.

"The one thing I heard from my clients as an attorney was the importance of speed. Sponsors need to maximize the amount of time they have to raise capital for a project prior to close of escrow. Everyone always wanted to start fundraising yesterday," said founder and lawyer Amy Wan.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate


More market watch: