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Nick's AI finally made money · The Investor Shed Podcast

• Nick: Welcome to the Investor Chef podcast, where we are not live on LinkedIn. They do not think we're good enough, which is fine. I'm Nick Beveridge, your host, here with your co-host Jeremy Kitchen. Good morning. Top of the morning to you, everybody. I really this is like the third time I've tried with LinkedIn. Really? And they keep saying no. So we need more Do do you ever actively like market on LinkedIn? No, never. You should try that. Well, I think my bot does. Okay. Because it helps with the rankings of our website or something like that. So you have a LinkedIn. You have a LinkedIn. It's I have a LinkedIn, yes. Okay. And it's been updated with our correct info that's consistent with all the other stuff. I hear it's a good way to network with other Business professionals. I hear I hear that as well. I just don't have time to manage it. It just seems so scammy. When when I first got a LinkedIn, it was just so weird and then it was full of sp is scams and spam. Right. It it felt like now it's like all of a sudden making a comeback. Like great value Facebook is what it felt like when it came out. Like I'm like, it's Facebook just does everything better. Why would I be here? Yeah. But now that I own businesses, I still don't like actively use it. I did for a little bit. but I just fell off the radar, man. It's too many things. Too many there are too many things. Yeah. Let's not focus on that. Let's not focus on too many things. Let's focus on one thing today, or two, or three. We got three topics if you want If you want I think people want them. This is very relevant and pertinent information. Why don't we start off with a couple lows of the week? Okay. So for those that don't know, I'm working on a development this year, which I've been pretty excited about. I I've been we worked we got it last year actually. And we should be closing on it by the end of the year. Yeah. and we got hit pretty much right when they started breaking ground finally, with an extra hundred and fifteen thousand dollar expense. Just like, hey, sorry, didn't didn't realize there's more sewer and water to do here that the city now wants you to do. someone's gotta pay for that. And turns out it's gonna be me and my partner. Who hit you with that expense? Like who who our our developer. Your developer. Don't they give you bids for this kind of thing? They did. And don't you sign the bids? yes. So tell me how that process works. Sorry, I'm a like I don't do developments, but like when someone gives me a bid for a property like it's gonna cost you a thousand bucks, that's that's what I'm planning on paying. So we so we had a couple bids initially. Initially was before we had plans from our engineer. Okay. And it was like here's roughly what you're gonna probably be spending, about like eight seventy-five. But so just shy of nine hundred. Yeah. and then when we got the the the developer, well we're the developer, sorry, the the contractor when when the our engineer finished our plans before they got approved by the city. We sent our construction plans to the contractor to bid out. Yeah. They sent us back a bid that was just shy of 800 grand. We're like, cool. It's even less. Yeah. Great. Didn't look at it too hard. I mean we've looked at it pretty hard, but like not with a that's your first problem with not looking at the bit hard but whatever. No no we did. there were just a couple things, little details that we we missed. There was like what these line items that there was like water like connections and there and in the there were 21 connections. We have 25 lots. Sure. That I should have we should have noticed that. It didn't say anywhere in the bid this is for 25 lots or this is for 21 lots, but somehow somebody made a typo and it was it was bid out for 21 lots when there's 25. Got it. Okay. But that wasn't the big part. Right. the big part was that these plans didn't include about 300 extra feet of sewer and water lines that the city wants us to use another route to get there. Connect into the basic that my engineer didn't have in there. Got it. now these plans were available for like the last month or so 'cause the city did a construction agreement and they'd make markups on our plan and sent it back to us and then at the engineer was able to work with our contractor and that, but they just forgot to look at again at their new plans until they got on site and they're like, yeah, these aren't the same. Sorry, we should have rebid this like a month ago. but now it's nine hundred and fifteen. But we did shave off, but they shaved off like fifty-five grand worth of concrete work that they were over on that they didn't need to be as much over. Sure. So it would have been like a hundred and sixty-five thousand dollars over. Sure. But it's things like this that, you know, whose fault is it? It's really I mean it's the city's fault. But if you want to lay blame somewhere, I suppose that makes sense. Yeah, but it it's really nobody's fault. It's just developing these little neighborhoods are expensive and there's always like unforeseen cost. Yeah. not everybody can get everything perfect 'cause there's so many moving pieces, so many people, so much materials, so much land to move around. Yeah. and and plans change last minute depending on what's there. Yeah. the and and w we're working with things that are underground and like, you know, they didn't realize that the sewer was eighteen feet underground either. Okay. but when when the public sees that developers are making so much money on these things, it's because they fucking have to. Yeah. you you have to have this kind of margin to be able to take like stings of shoot, okay. We just went over bid by f thirteen percent. Right. That's a big deal. Right up front. That's a big deal. Right immediately like For the average person, you know, if you only built in a margin of a couple hundred grand, which may seem insane for a developer to make, but then like immediately before you you you even start, you're a hundred and fifteen thousand dollars over budget. Yeah. That's not good. So you kind of need You need to really have a good margin, especially when a project is taking two years to put together. I think you need to have a good margin, but you also need to have as accurate numbers as you can. Yeah. Which we try. Yeah, and everybody tries, of course. But like if if like every time you work with this developer or the land of the city, they're off by a couple hundred thousand dollars. That really hurts their credibility, you know what I mean? And all we do as, you know, on our end, when we when we acquire the property, we're just trying to manage and try to figure out how much everything costs. Yeah. That that's that's all we're that's all We're going to the engineer for the surveyor, the geotech, the contractor, all these people. We're just getting numbers from them right based off what they have to do, based off what the city tells us. And we don't know what the city exactly wants until we get annexed in, and we can't buy the property until or we and we we have to buy the property and then get it innexed in depending on the seller's situation and all that stuff. Due diligence is weird on that for sure. So I mean there's just so much risk involved, and that's why there's a big reward, but big risk, and sometimes you get slapped. Yeah. And we got slapped this week, but we're still gonna be fine. Yeah. I mean you guys bought this. This is your second like development deal, right? Okay. Uh-huh. and and we talked about it after the first one, and I think I remember it like you saying like yes, you would do a development deal again, but I remember that deal particularly took a long time to get to the finish line. Yeah. Now now we bought this property for six hundred and sixty-five thousand dollars. Yeah. Across the street, one just sold last week. Mm-hmm. Same size. One point four million. Got it. Okay. Yeah. With the same kind of needs to be developed, needs to get okay. Needs to be developed and all that stuff. The difference is a builder bought it directly. Mm-hmm. So they had like no margin in there for the developing side of things. Yeah. It's just more they're just looking at their bottom line for building out houses and everything. Yeah. so we're the in we're the middle guys that are getting lots ready for a builder to just come in and build. Yeah. So we're offering a service for those kind of builders. Sure. Builder happened to buy this property that's gonna do the whole development and everything, too. Is it the same builder that's buying your lots? Nope, no different builder. Great. Yep. You think they're gonna like stair downs across the street from each other when they're like building like gang wars? No. well all builder like in newer areas, it's just so common to have, you know, even in the same neighborhood, you know multiple builders. It's not I think of your season anchor man when all the like the newscasters from different news agencies come together and they fight, that's what I was imagining. I mean, maybe there's some of that. Yeah. I I would hope. I would you know, for exciting fights at night for turf wars or something like that. Yeah. Yeah. Didn't they all fight with like Weird weapons like old like medieval like tridents and shit. That's right. Yeah. no, that's what I thought of anyway. But okay, so you've got a little bit of a hiccup, but you guys are still very much on track for finishing out this project. And you've already sold the lots, correct? Like or you've pre-sold them. We pre-sold. Yeah. I mean we're under contract. Yes, yes. So you can say we sold them. we we have a but tr the correct term is we have a buyer. Yes. Okay. we But I mean this buy it's as sold as they can get because this buyer gave us seven hundred grand of non refundable earnest money. Okay. That's what I was gonna ask, right? Because like they can't you can't just like develop these lots and then have them be like, nah, we don't want anymore. No, they can. They're they can, but they wouldn't get that they wouldn't get that money back. No. that'd be a big loss for them. So I mean, if this buyer walked away That would be amazing. That would be Yeah would be absolutely amazing if the best case scenario is our buyer walks away. Then we just like paid back seven hundred thousand dollars of this money we've been spending is now free. Yeah. That would be amazing. We bought it for what, six sixty nine is what you said? We bought it for six sixty five. I'm sure you put money into it, of course. We we put a lot of our own cash into it. Not necessarily mine because I was just I I my my portion of the the the partnership Because hey, I found it, I'm negotiating things. I don't want to put any of my own money into it, but my other partners have. Right. and then we have other lenders and yeah, there's there's multiple hands in the pot. Yeah. I still remember like I don't I don't know if I ever I don't think I regret not biting on this one. Mm-hmm. but I'm glad you are still making money, of course. Just this one just had all those big question marks in the air. yeah. And I couldn't like like you said, like high risk, high reward before the show or whatever. I just couldn't handle a high risk thing at that time. That's fine. Yeah. Yeah. It seems like it's going along like you know what's it it it's easier to digest high risk when you don't have any of your own money into a deal. And I do not recommend this. Right. I I just know I know my personality, my and my investing style. And I would never leave anybody high and dry of because I I haven't in the past. You you take care of your people. but it is certainly easier to take big risk when it's not your money, sure. I mean we're spending Right now, you know, that seven hundred grand was not our money. Right. It was the it was non-refundable earnest money. And and of course we're not like taking that and going to the strip club with it. Right. it's being used where it has where it has to be used. You can do a lot with a hundred dollars at the strip club. You don't need to go seventy thousand dollars, Nick. That's s hundred bucks gets you pretty far. Not like I know. You just do one dollar. Awkward silence. Not like I know. Yeah. Okay, cool. So obviously financial hiccup. Are you guys still on track for your timelines and everything? We are actually. Our timelines are looking good. helping with the timelines. Grok. Grok four point six. I thought you were talking about the football player Grok. Grokowski. No, no, no, no. I'm talking about the AI company XAI. Yeah. And Jeremy, they did it. They did They're now the frontier. Okay. They are the leading model for reasoning, coding, affordability. Like they're they're they are the best right now. They're better than Claude, they're better than ChatGPT. Okay. have you hear have you heard of this? It was only something last week or so. Turner Sutton posted something on Facebook. He's a big grok guy. is he? Okay. Yeah. I read it, but I was like, that's interesting. And like much as AI is like they're the leader right now. For now. Yes. And and these things are gonna continue to quest each other. This will absolutely change. But I knew this would happen. I knew it. and that's why I've been sticking with Grok for a while, 'cause I just know what they have built in the background. Yeah. And and I know it it it was only a matter of time before, you know. This efficiency train just started working. but you said it's better cheaper than all the other models. So much cheaper. Okay. Yeah. The the cost for like if if you're not paying a subscription, if you're just paying the API price, it is like a two dollars per million tokens input and six dollars per million tokens output. Okay. Compare that with like Opus, like Clo Cloud's like frontier opus model. Yeah. And that is I forgot how much the input cost is, but it's like ten dollars or something like that versus two dollars. Okay. Per million input and twenty five dollars versus the six dollars per output. Okay. So like a three hundred percent, four hundred percent price difference all models. Yeah. Well more than that. I mean six, twelve, eighteen, twenty four. Yeah. It's a lot. Sure. the the price is A fraction, but Grok builds faster and at the same or better reasoning. Okay. it's it's pretty amazing. Do you use subscriptions or do you use tokens? Me personally, I I use subscriptions. Cool. Yeah. Okay. I thought I thought you did. I just wanted I don't have a Grok subscription yet. Yet. Yeah. I should transfer everything over for my stuff GPTs. And they also this last week, on August twelfth, they came out with what's called Grok bot. Have you heard this? Uh-uh. Okay, so this is like an out-of-the-box open claw or Hermes agent. Cool. Okay. extremely user-friendly. and you know, it it's just it's it's all connector tools. And then you can give it whatever APIs or whatever. But like it's it's it's so much easier to set up and maintain than the open claw saga, you know, where you have to like learn to code. Yeah. to stitch everything together. Sure. and just i I I played around with it last week. Turns out that what I've already built is kinda it's kinda not really needed. Okay. With what so I don't need to to go all in on it. I I y and you also can you either need a premium cursor membership to use it or a supergroc heavy account. Okay. Which is like that three hundred dollar a month premium. Got it. To use it. Yeah. Now They have done this a lot in the past where they kind of roll out to their heavy like their new products to their heavy subscriptions and then eventually they drop to even the people paying thirty bucks a month. Right. I bet you that will happen here with the Grok bot. Yeah. where they where they bring down the subscription price? where they just make it available to also the users that are just paying the thirty bucks or so. Depending on their usage, you know, they may need to step it up. But to to to have a a super grok heavy account, Like that's for developers that are just coding all day long and maybe they have like a big business that they're running with it and stuff. You you get so much if if you just wanna use Grok build, yeah, like I have, to to build your your tools, or to maintain stuff, check your email, you know, be your chief of staff, your email you you you can even just create an open cloud agent with or whatever. The thirty bucks a month will be fine. Sure. You don't need to spend three hundred bucks a month. Unless you really want the grok bot. Right. And if you run a a larger a business that's you can easily spend three hundred bucks a month and not care, then then definitely go with it. Sure. because it is such an easy way to all of a sudden just put in all the like these how it works, is it's just like an app that you can the first agent is like your chief of staff. Okay. And then you can have like I think up to twenty different agents that can be like different departments of your business and they all communicate with each other. And you just c they You can connect them to all your tools. and then you just they they just start working flawlessly on whatever you're trying to get done. Okay. and it's just a very simple setup. a lot of people are raving about it. Raven. I don't get it. yeah. That's this software. I know. Yeah. That's what anyway. okay so Obviously Grac's Grok is taking the the first place right now. Or what are you doing with the other subscriptions? Are you keeping any of those stuff active? Or are you gonna kinda yeah? Yeah, I still got my because it's cheap. I mean I've got my chat GBT for twenty bucks a month. But I and I still like it for producing images and stuff. Yeah. And and also just double checking if if I need a second opinion on something like that. Yeah. I still have I I downgraded my Grok, my hundred bucks a month groc sorry, Claude subscription. so my anthropic subscription, I brought that back down to like twenty bucks a month or something. Something like that. 'cause I just don't use it as much. It's just a slower agent and I feel like it's just gotten worse. Sure. I'm sure it'll get better like it always does. but just croc is just so much easier and faster to use and now it's like better and way cheaper. So it's just I was able to just like well, let's cut that. And I still will use it as a second if I'm building any features in my AI operating systems. Yeah. The I'll still have it's part like it's encoded that it has to grab another model to check its work. Got it. And spin up another agent of itself too to check its work. So it like two auditors, one from another model, one from that. That that way I don't have to be that person who's like looking at some new feature and like testing all the bugs. Sure. It already it it goes through all the testing. That's cool. Yeah. It like spawns up other agents to test and stuff for me. Cool. all on its own before it ships stuff. Sure. Yeah. What happens with these agents? Like what is what is an agent? an an agent is just a it's just an AI. Yeah. Like an AI that with a job agency. So so it's like it's doing task other than chatting. Right. I I guess that's what you like a that that's what an AI agent is. It's just something that has agentic abilities to go and do tool calling to do whatever job you tell it to do. Yeah. I did something really cool. I don't know if we talked about this. Did I tell you that I had it build me my own native e signing tool? Yes. so we tested it out. I also had it use it too. Instead of me using it, which is works so much better. I we we had a so we negotiated this real estate deal, the inspections on my brother's house. And so my brother and this other guy who's selling it together, which I I was on the phone with them and I told them, Hey, so there's all these things that they want, or that there's all these things that are wrong with the house, but they'll just take a four thousand dollar price drop. Do you guys what do you want to do? And they're just like, Let's take the price drop, let's just accept it. Yeah. And and so I'm like, okay, cool. so I got the phone with them. And instead of me going to get an RE ten form from my email that was emailed to me and downloading it. and then like uploading it somewhere to one of the softwares, either mine or or what's provided to me by my real estate companies. Yeah. you know, I'd have to go into that forum, upload it, and then I'd have to get the tool I'd have to bring in my brother and the other guy and place their signatures where they need to go and their initials and the date fields. Yeah. and then send it to them and then wait for them to r you know, sign it. And then when I get it back, then I Check to make sure it was signed, and then I send it to the listing or the buyer's agent and say we're all good. Yeah. not a huge process, but you know, 15 minutes. Yeah. If you've done it a lot. If you know how to manage this to navigate, right? Yeah. Here's I cannot believe it did this, but it did it. Okay. I just when I got off the phone with those guys, I went on grok and I said, Hey, look at that RE10 in my email. The the sellers agreed. To accept it as is. use my new e-signing tool that you made for me and send it to the sellers and watch and watch for my emails to when they sign it. Yeah. After they sign it, send it back to Danny, the buyer's agent. And copy when you send it there, copy Saber on the email. I didn't know if it was gonna work. Yeah, just testing it out, right? It was an experiment, and I even texted Sean and the other guy, and I'm like, hey. Just so you know, I'm just experimenting with my AI bot that's gonna send you this. So hopefully nothing goes wrong. But it was all done in like five or six minutes. Cool. It all worked on its own flawlessly. Love it. I was just like my mind was just blown, like, my god. Yeah. I just saved 15 minutes building something that took forty-five minutes to make. Yeah. And you may think, who gives a fuck Nick? Yeah. But This is not my last R E ten. This is not my last digital signing of something. Right. What I just this what I thought in my head this stuff compounds. Yeah. I didn't just save fifteen minutes. I saved hours a week for years. Yeah. You know? Yeah. If that makes sense. No, Because this is making sense. And it's not even and normally I wouldn't even do this either. I would send it to I would send it to Saber and be like, hey, can you go ahead and you know send this over for signatures and stuff. I would normally do that even after hours because she's kind of expected to. Sure. And it was an after hours thing. Yeah. But I didn't want to bug her. Yeah. so I saved 15 minutes of her time. There you go. And it all just worked. Will it all work again? I don't know. I think so. It's something you can kind of verify, right? After it actually worked flawlessly, I I said, Hey, whatever you did, it actually worked. Yeah. And I'm really happy. Can you leave notes for if I ever want something like this in the future based off what you were able to do if you learned anything while going through it? Because that you can see it struggling here and there and trying to figure stuff out. Because it'll it will narrate itself as it's working through it. And I saw that it was like Okay, there's initial fields here and I don't do the buyer's one, do seller. Okay, yeah. And it was like thinking one itself and like just trying to get everything just right. I didn't put it on the right line. I gotta replace that. You know, you could just see it like it's like cra It's got anxiety. no, I'm gonna push the wrong button. But it all you know, it was it was still done in yeah, just a couple of minutes. That's awesome. but but I can see that it was like really struggling to do all this, but it actually it did it without any of my assistance. Cool. but I I just said, you know, if if it helps, leave notes for a future CLI agent to do this better. Can you do that? And it said, actually, yes, I have some good notes for it. Yeah. And you know, left those in its readme f instructions for later. Sorry, I had a panic attack. And then you know and then when you're done with that CLI agent, you just click off of it and it's dead forever. when anytime you spawn a new one, it's a new agent that just goes off its That's what I wanted to talk about. Have you ever seen Rick and Morty? No. Okay. I know what it is. I haven't seen that. They have thing called the Mr. Mises box. huh. Which you click the box, a Mises pops up. It has one job. If it doesn't do its job, it like freaks out. Okay. But like basically it's like the job's like open this can of pickles and it does it and it explodes and it goes away. 'Cause that's what it's meant to do. It's meant to do one task and leave. Okay. But like things get left and like unattended, they just start freaking out like we need a job. So So you have to kill it. Yeah, yeah, you have to basically kill it, which is funny. Yeah. yeah. Anyway, the whole thing is he's trying to get his golf swing better so he makes more Mises and they all can't help fix his golf swing, so they're all like freaking out because they can't do their job. Yeah. It's pretty good. It sounded like CLI agents. Yeah, basically. So yeah, no, that's awesome. What what Groc can do though, I mean you like you said, that's such a little thing. It's such a little thing, but that's just one thing. It's just another thing that just it will save you know, what's a what's fifteen minutes? You might be thinking to yourself, like, what's fifteen minutes? Yeah. I'm like, well, fifteen minutes turns into a half hour, turns into forty-five minutes, turns it like throughout the weeks and years and and then but not just that, like what knowing that it could also do that, what else could it do? Right. That's what I'm saying. That's just one task where you can't you just keep building upon itself. Like what are all these things that you can just start having it do? That's awesome. and I just I haven't the the one thing that it definitely freaking struggles with is a good YouTube thumbnail. That's the one thing I haven't really been able to automate that I've tried. Yeah. And I just keep going back to okay, I'll just do it manually for now. Sure. I I have been getting better on it setting setting itself up. It because now it has a connector to a Canva. Why can't it do good thumbnails? I just don't like Okay. I mean it can do but most of the time it still just puts different people's faces. sure. And You need to feed it like 50 betters of us. I what I I'm sure I can get it perfectly because people do it. yeah. I I would just need to like get it put it in the right environment for like here's the proper way to do thumbnails because here's all your photos that you can access to use and I like to move like this and stuff. I just haven't put the time and effort in sure as much. That's okay. I'm sure it's a quicker thing than you think. Yeah. Just just getting past the the barriers to entry if that makes sense. Man, that's awesome. Maybe I maybe it's time for me to get a Grok subscription finally, but I still don't use AI enough to like quantify Yeah. I need I need to sit down with it still. Yeah. And I don't want to force anybody out there. I'm just I'm just excited to share. Yeah. Because these are things that I've just been you know, I've had the same job for fifteen years. Yeah. And to to all of a sudden like, hey, that was that was one of the biggest things of my job is to send forums to people to sign. Yeah. Wait for them to get signatures and then send them to another agent. Yeah. You know, whether it's me or an assistant doing it, but that's just kind of a big part of our job and And it did it first time I asked it to, flawlessly. No hiccups? Yeah. Yeah. Big part of your job is like moving, like constantly trying to get things signed. You're you're kind of an intermediary for like, okay, this goes here, this goes here, and you're kind of the hub for communication for a lot of things between the seller and the buyer, right? So if you can automate some of those tasks, I think that's really cool. I think it's cool. Yeah. It's it's exciting. It is exciting. so last thing I wanted to share is like, okay, other than little time savings that stack up, like has it been worth it? Yeah, you know, like this this venture where I've invested so much time and money this year into AI and learning about AI. With things getting faster. And like you you even talked about like you've started replacing the old work that you started doing, right? You started on these tasks and these these trailblazings of you know, figuring out AI. Yeah. And it's just getting easier and better. So the things you built have almost become obsolete where like you just use a newer model, it does it faster and easier without all the hiccups. Yeah. But I think I I appreciate still understanding what it took back then and it's just like this is a I think you built knowing a better big foundation. Yeah, yeah. Cause i I think no matter who it is, you're going to have some kind of AI foundation struggles with just getting it to do what you need it to do. Yeah. Without a lot of people just don't know what AI can do for them. Yeah. I think that's the biggest, you know, fear that people have. And I also thought, you know, everybody there's so much negativity about AI. You know, obviously we know that. Like 80% of people like really do not like it, think it's a bad thing, they think it's gonna take everybody's jobs. But it's like it what I thought about like this weekend is like there's all these people out there, like picture like back in the day, and your job is to travel or explore the country. Yeah. What if all of a sudden you saw these Indians and on horses traveling with horses. Native Americans. Native Americans. Who cares? I thought that I thought they wanted to be Indians again. They sure don't. Okay. Isn't native also like a bad word too? No, native just means like No, I used to say native all the time, but I think you're native to the area doesn't mean like you're bad at the area. That just means like that's where you come from. It's your Native Americans show up on these horses and people are just like, my God. Sorry, That looks so much easier. I didn't to pizza. It looks easier to get around. Faster, easier. man, I want to get a horse. Yeah. And I feel like that's actually what AI is. It's just people that, you know, their job is to explore the country and to travel. and all of a sudden you can just get on a horse. Yeah. And and it does a lot of the traveling for you, but you still need to ride it and give it direction. Yeah. It needs to be fed. Yeah. it needs to stop for drinking water. but the horses aren't gonna do all the traveling and exploring for people. Right. It's people using horses. Right. On the horses. Yeah. The horses themselves aren't gonna take people's traveling jobs. Yeah, the horses the horses themselves like don't really care about it. Sometimes they'll go slow, sometimes they go fast, right? Like I think that's like the biggest thing people don't understand when they hate the idea of AI like coming to take everybody's jobs. It's not it's it's just another vehicle for doing things. Right. and only people with horses can explore more. Right. And maybe take the jobs of explorers that can only get so far on their feet versus a horse. Bad maybe there's a bad analogy. But I get what you're trying to say though. Like you have the proper vehicle and the proper tool to get the job done better. But the horse isn't gonna take your job. Right. Who's riding the horse? Right. Everyone should just get horses. And eventually cars. Yeah. We don't need to pay the horse. Like the horse isn't financially compensated for the job. The the rider of the horse is. Yeah. I think we've talked before about like the w when the excavator was invented or the tractor, you know, and all these people are with pick shovels are gonna be out of work. and then but but you could just give them all spoons and hire even more people if you wanted. Yeah, yeah. But that's not the point. The point is to yield more. Efficiency is important. Yes. And the more And there's plenty of land out there. Right. To go farm. Yeah. so harder, better, faster, stronger. I told you before, like, yeah, I mean, like a lot of people have bad things on AI. Like I've been listening to this AI band. I'll show you a couple of their songs after. Okay. And I b a band. It's it's it's nothing but AI music. And it blew my mind. I'm like, humans didn't make this? Yeah. Like this is not a human it's so good. It was made by Sono or something else? It it's made by a whole bunch of things. It's made by Suno, it's made by Like he prompts l he'll prompt lyrics. He's not just like click me a song, AI, and make me a song. He's like, Here's what I want. So it's a guy riding the horse. Yeah, it's a guy riding the horse. Exactly. But he's like he's like, This is what I want, this is how I want it. Give me give me the downloadables this so I can kinda create my own thing, but also like make this and let's start working and building a really cool thing together. And it's it's like it's great. I love it. Yeah. It's like all Kyson and I listen to now, we just play this AI music. So I just realized I went off I was gonna say the third thing that we wanted to talk about, and that was ten minutes ago. And then I went off on a tangent. Welcome to the investor shed. Yeah. they probably forgot I was trying to get to a point. I so I'm work I'm working with my brokerage to to build out there which I've already built it out. Sure. is I basically just had to copy my system and make it more customizable for the brokerage and for it to, you know, I I did put work into it a couple weeks. but the amount of money that I'm actually going to be save saving being with this brokerage now. That in my my financial reward is a trade. You know. Okay. and likely what's gonna happen is I'm going to be saving approximately twenty five grand a year by doing this trade with this brokerage. what is saving twenty five hundred a year twenty five thousand a year look like? Is it rents and commission splits. Okay. Yep. So office rents and commission splits are your biggest expenses w when when you're with a brokerage. Mm-hmm. So I will basically, for the most part, not have to deal with those. And that affects your team too. Well, me. Right. But it it can help the team if I if I want to share in that. No, it I mean like you're not the only one paying for office expenses, you and Joe, right? Yeah. So that affects your business, is what I'm saying. Sure. Yes. So like you're you're taking you're you're not exactly trying to get financially compensated for this. You're trying to pay it forward to your whole entire real estate team so they can do bigger and better things without the overhead. however you want to look at it. Yeah. But the reality is but the the investment is I'm s I I see now that it's it's paying off. Right. In big in bigger ways than I thought. Mm-hmm. Quicker than I thought. Yeah. I thought that I can increase my business. If I start, you know, by implementing as much AI automations as possible and and make my business run smoother. Mm-hmm. but I had no clue all the things that you could actually do with AI. Yeah. Now that I'm in it in the thick of it, and just how much value I can bring to other people and other businesses. And I've already met there's there's been a couple of people now I've already met with to help them with theirs. I'm doing for free. Yeah. but I c I can see myself and I can see a legit business of just opening a storefront. Yeah. Where we just help people build AI into their operating systems. Yeah, or build their operating systems with their business. I told you. That's what I told you. I don't know if I want to do that. Yeah. But it's great to experiment and have a case study of not just my own, but did this for my brokerage too. And if I can like like you said, do it for other businesses too. I just don't know if I want to go outside the industry too much. Sure. But I think it's easier to optimize outside of your industry, by the way. Your industry has a lot of like minutia and things that really need a lot of heavy examination. You know what I mean? Yeah, there's a lot of legalities. Contracts, legalities, right? Like for the normal person just running like a plumber. Yeah. Like all you need is really like a simpler. That's what I'm saying. Yeah. Like you don't have like these crazy contracts, is RE ten versus R eleven versus this. Conspection forms you just have I need business done, I need a way to get paid, and I need to check my bo like You're right. It would be a simpler process. Yep. Like my my legal system, like when people sign up, like it automatically sends you to my website for my terms of service. Once you accept, you're accepted. Yep. I can change the terms of service at any time and I put that in my terms of service. These can be changed at any time without notice. Dang. You can screw people over if you want. Not like I want that's not how I Give me those photos back. I changed my terms. The terms is that they expire. They do. Yeah. That they I never I'm never gonna capitalize on that, but that's only in there so nobody tries to sell my stuff on my behalf. Yeah. So like it's a lease option for a year basically for photos. A lease option? Yeah. So they have the option to purchase? They can purchase. I'll I I will potentially sell it. Yeah. So do people not understand that they're not actually buying the photos? Sometimes. Do a lot of people like not get that? Yeah. Ever most people are pretty good. Because they're leasing it or something, right? It's it's a It's like what did I call licensing. Yeah, licensing model, right? So you're licensed to use it during the time that you have your listing. Obviously I'm only going to I'm only ever going to f like crack down on that if somebody's breaking my terms. Yeah. Like illegally. Like if I see somebody I haven't worked with have my photos, I'm gonna talk to them. Like, hey, how'd you get these? I'm not mad, just like, how'd you get these? Well, the previous agent gave I don't care. Uhhuh. I I I really don't. I'll give away especially if the agents wanna be nice. I have this all the time too, where they're like, they think That they own the photos and they're like, Hey, I gave the agent photo photos to another agent. I'm like, totally fine. what I need though is I just need their contact information and I need to give them a license. That's all I need. Yeah. But that gives me a way to communicate with a new agent too and say, like, hey, you were leasing these photos, please don't resell these. The just just have the conversation, right? Yeah. Use them all you want. You didn't buy you didn't sell them. I'm happy to transfer rights. Easy peasy. Yep. Nobody really cares, but sometimes people have cared. And when people are assholes about it, I charge them. Okay. And then I give that money back to the previous agent. They get a refund? either a refund or a credit. Okay. Yeah. So like what I do, like if somebody wants to buy some photos, what I'll do is I will ask the other agent. Say, like, hey, this person wants to buy your photos. do you A want me to give them for free? Happy to do it. Or do you want to be financially compensated for a refund or a credit? Yeah. And if they want money, 'cause sometimes there's bad blood in that stuff. Yeah. They're like, I want to be paid fully for the photos. You got it. Cool. So what I do then, I'm like, I can't pay you full, but I will charge them full and you get half back. Mm-hmm. For for clerical setting things up, doing things and deconstructing things. So just out of curiosity, how long do you hold the photos for? I hold them on my website for twelve months. Twelve to twenty four months, I think. I have to double check. okay. Yeah. And then they get dropped. Yeah. Yeah. How many how many gigabytes or terabytes do you go through? Tons. In if you just had to guess in an average month. of like finalized product or raw product? finalized. Yeah, I don't know about finalized. I don't know why I asked. Maybe raw. Yeah. whatever you th whatever takes well, I c I guess more importantly, what does it take? Yeah. I'm going to about twenty terabytes. Depends on the day. Anywhere between sixty to okay, videos are a different thing. Yeah. sixty gigabytes to two hundred gigabytes a day of media. Whoa. But I mean raw doesn't mean anything, right? Yeah. So a lot of that gets deleted. Yeah. Right? Yeah. But with finalized, I mean like your photos I I compress them pretty good. So it's they they're actually pretty space saving. Thirty photos on my desktop is probably gonna be about a hundred and fifty megabytes. Okay. Got it. Okay. Just just rough the estimate, right? Yeah. so you're looking at about like So finalized product at l like a gigabyte a day or so. Yeah. Depending on if there's videos or not. Yeah. Videos are a little bit more, you about a gig per video depending on the video. So you gotta do a lot of raw data dumping. Lot of lot of raw data transferring for sure, and a lot of raw data tran dumping. raw photos get deleted. I I try to keep raw photos for thirty days in case they need changes. But I've been moving that down to like fifteen. Okay. 'cause if you don't have a choice on like yes, these work, no, they don't work for me in two weeks. Yeah. You've missed your bucket. You know what I mean? You've missed your you missed your target. Yeah. Because should be telling me within two or three days if you don't like your photos. Yeah. That's a lot of data. It is a lot of data. does ViewShoot give you like a cap at all? No? No. You just use as much? Yeah. That's that's that's gotta be valuable. Yeah. View shoot's good, Google Drive is good. I'm constantly like going through my Google Drive though, unfortunately. Yeah. Two terabytes. just that's where I upload all my videos. So that just gets eaten up really quick. And then that's where I also upload my photos. to my editors that don't go on the AI editors. So it just constantly shaving things down, cutting things. Yeah. Yeah. That makes sense. Yeah. We go through a lot of data. Yeah. I I would see that as one of the bigger constraints of building out your all your own systems from scratch. It's like how do you replicate that? Maybe it's an easy answer. Yeah, and maybe it is. That's I I've thought about that too. I'm like, how do I get this where it would make sense to like have somebody replicate and upload on my behalf or have an agent do it, you know? But there's there's so many fine lines of where this goes, where this goes, where this goes. It's just easier to like point it in the right direction. Sure. Hey, this gets uploaded here, you pay this, this gets uploaded here, this is a different price, pay this. All right, now I'm done. Yeah. That makes sense. Yeah. Okay. Cool. Yeah. that's all I got today, man. Yeah. It's been it's been a a wild week and there there's a lot that we went over over the weekend was just nonstop moving furniture. Yeah. From house to house, sold a couple did I tell you we didn't we didn't talk about we'll talk about it next week. Okay. The mill property. Yeah, let's do that. The Kellogg House. got some updates for you on that one. So stay tuned for next week. That one that one turned out to be interesting. Yeah. Interesting with quotes on it from the so Yeah. All right. Well, my babies, you're beautiful and I love every one of you except for, you know, two. And you know who you are. You know who you guys are. And We'll see you next week. Bye bye.