Collecting Keys - Real Estate Investing Podcast

Your AI Is Your Coworker Now. Next It's Your Friend

Episode 515 · · 44 min

Hosted by Mike DeHaan, Dan Austin, Dylan Koch

▶ Watch this episode on YouTube

Prefer reading? How Investors Are Using AI Agents to Run Daily Operations

In this episode

The hosts talk through how they're actually using AI agents in their businesses: Dylan has bots scraping county records, reading PDFs for mortgage balances, skip tracing, uploading to REsimple and feeding a dialer, plus handling bookkeeping out of Dropbox. Mike is building agents inside his own loan origination system, and Dan describes a "chief of staff" bot that checks the other bots' work. They also debate goals and hobbies, whether talking to AI instead of people leaves you empty, and what happens if AI token costs spike or the data center buildout stalls.

Key takeaways

  • Dylan's AI setup pulls county scraper data, opens PDFs to find mortgage balances, estimates ARV, filters out non-deals, then auto-uploads to REsimple, skip traces and pushes leads to a dialer.
  • He also uses AI for bookkeeping with access to his Dropbox - sorting receipts, reconciling card and bank statements, and producing month-over-month and year-over-year charts by property and entity, to the point he's considering dropping QuickBooks.
  • Agents still make mistakes, so build a second layer: a "chief of staff" bot that checks the other bots' work and flags errors before you act on them.
  • Searching your own dead lead list with AI can resurface deals - Dylan asked it to match active leads to a specific buyer's criteria and it found two or three he'd forgotten about.
  • You can start a wholesale business on roughly a $10 AI subscription if you're willing to make your own calls; low-level staff tasks are the first thing agents absorb.
  • Risks discussed: token prices could jump 10x as compute gets constrained, data centers are bottlenecked by raw materials and power generation, and Anthropic reportedly filed showing a large first-half 2026 net loss.

Show notes

If AI can run your back office and keep you company while you drive. In this episode, Dylan shows how his AI bot pulls county data, skip traces leads and loads them into a dialer, and we break down why you need less money than you think, why talking to AI instead of people will leave you empty, and what happens if your AI bill jumps 10x. Plus, Elon's $250K Roadster that still hasn't shown up.

(The corrected text was re-run through `boilerplate_diff.py CKP`: CLEAN, exit 0. 13 topics, every topic 5–10 words, description 81 words.)

Chapters

  1. 0:00 Introduction
  2. 2:51 Why it's so hard to care about anything
  3. 4:00 Chasing fitness with $5 in your checking account
  4. 7:27 Why you need less money than you think
  5. 10:18 Mike Tyson and the insanity of being the best
  6. 13:36 Are religious people really wealthier?
  7. 15:24 Dylan's AI bots that could replace PropStream
  8. 21:25 Bots, bot managers and the staff roles going away
  9. 24:29 The people talking to AI instead of listening to podcasts
  10. 25:57 Why AI friends will leave you empty
  11. 32:05 Only 4% use AI beyond search: bubble or barely started?
  12. 34:48 What happens when your AI tokens cost 10x
  13. 36:27 Elon's timelines, the $250K Roadster and self-driving promises

Frequently asked questions

What can an AI bot do for off-market lead generation?

Dylan's bot scrapes county records for niche data like code violations and evictions, opens recorded PDFs to pull mortgage balances, estimates ARV, discards deals with no equity, then uploads the rest to his CRM, skip traces them and loads them into a dialer.

Can AI replace QuickBooks for a small real estate business?

Dylan says he gives his bot access to Dropbox so it can file receipts and reconcile exported credit card and bank statements against known utility and insurance info, then produce P&Ls and month-over-month charts - enough that he's thinking about cancelling his QuickBooks subscription.

What's the downside of relying on AI for conversation and company?

Mike argues it will feel enjoyable in the moment but ultimately leave people empty, comparing it to being deeply immersed in online games and then catching your own reflection on a loading screen.

AI & TechFinding Off-Market DealsScaling a Real Estate Business

Transcript

Read the full transcript

Mike DeHaan: [0:01] What's going on, guys? Welcome to collecting keys. I'm your host, Mike DeHaan, with my cohost, Dan Austin and Dylan Cook.

Dan Austin: [0:08] Hey. Know, I would appreciate it if you called us fellow hosts.

Mike DeHaan: [0:11] Fellow hosts, the cohosts.

Dan Austin: [0:13] I don't feel like the cohosts at all.

Mike DeHaan: [0:15] I mean, technically, if you look at it, I've been on significantly more shows than both of you guys. On the collecting keys show? Yeah. Yeah. No way. Yeah. Because there was like a whole So span where

Dan Austin: [0:24] significantly more shows than me on collecting keys.

Mike DeHaan: [0:28] You know what? I should ask Grockbot this right now.

Dan Austin: [0:31] How many solo shows do you have compared to me?

Mike DeHaan: [0:33] I... So how many solo shows and then how many interviews did I do that where you were not there? Because there was a span where you stopped doing the interviews and I would just do them? Yeah. Because they're stupid. I bet you there is more than 30 episodes that I have done that you have not. And I bet you that that's...

Dan Austin: [0:46] First of all, that's not significant.

Mike DeHaan: [0:47] That is. That's, like, that's, like, 7% of the episodes.

Dan Austin: [0:51] Second of all, I bet of those 30, you probably shouldn't have released, like, 25 because they're just liars.

Mike DeHaan: [0:55] Oh, for the hell. That's why I said more like the ones that I recorded myself. Hey, fuck off. Well, yeah, maybe. Maybe.

Dan Austin: [1:04] I don't know what you said. I don't listen to this show. I hate the hosts.

Mike DeHaan: [1:07] Episodes of collecting keys. Doesn't know

Dan Austin: [1:11] where it's gonna come with an actor

Mike DeHaan: [1:12] or Host appeared in. It should because you'll read the show notes, and it always just sort of says who's in there.

Dylan Koch: [1:17] Follow-up question is out of the total amount of minutes played, percentage of each host talking. Is that my That's kidding. That would

Mike DeHaan: [1:24] be crazy if it had that information. Yeah. Dude, you know, at this point, like, I wouldn't be surprised if it pulls that in, like, ten minutes.

Dan Austin: [1:31] Oh, yeah.

Mike DeHaan: [1:31] I mean, the historical stuff with some of the data that we've been going through that we've been able to figure out, like, literally five minutes before I hopped on here, we have this bookkeeping theme with one of our investors that we've been trying to figure out for, a year. And it's just, like, untraceable. And then finally working with Grokbat to go through all of, like, the financial statements that we have, all of the transfer history, all the emails, all the text message I've had with this investor, it was able to figure it out. Yeah. But, like, there were so many different things and it's gone on for such a long period of time. There's no way to figure it out. Like, you you would just have to, you know, accept... Like, if you do, like, a a journal entry in your QuickBooks and say, well, that's how we've agreed it's going to be, but it's not the actual solution. You know? So when it comes to things like this, they already gave me an answer. So we have a 109 that we're unable to tell, so we're not gonna get an answer. Oh. There's a

Dan Austin: [2:19] lot of muttering in that episode. We can't tell who was talking.

Mike DeHaan: [2:21] Yeah. Yeah. Yeah. So a 109 were no hosts for names. So it's it's really kind of a pointless thing. Well, fine. Fuck you, grok. Okay. Not useful at all.

Dan Austin: [2:28] Okay. You know what? I'll concede that you were in a marginally more than me episodes because we can agree to that.

Mike DeHaan: [2:34] Yeah. So it makes me the host by default. If if you wanna become the host, you just have to do some solo episodes and get past me.

Dylan Koch: [2:41] Alright. Cool.

Dan Austin: [2:42] What are you

Dylan Koch: [2:43] doing next

Mike DeHaan: [2:43] to the village?

Dylan Koch: [2:44] I give this a less than one percent chance

Mike DeHaan: [2:47] to live.

Dan Austin: [2:48] Sorry to our listeners. I don't care

Mike DeHaan: [2:50] that much. Yeah. Yeah. What do you care about, Dan? That's the real question. Not a lot. I feel like there's a lot of stuff. I'm in the same boat these days where I just look at, like, so many people and, like, go abundance in different groups that we're in. And I've actually said this to my wife. I was like, it would be so cool to just, like, care about anything. Yeah. Like, honestly. But, like, people, like, have, like, these, like, passions or interests or different things because I like to work. I like hanging out with my family and my son. I like travel. But also like at the same time, I'm not like a a traveler where like if I don't do it, I'm like, oh, I'm gonna... Like, I'm just having the worst time. Like, I have to have my bucket list. I like to just go and do stuff. I think for me, I

Dan Austin: [3:27] take a realistic perspective on things like you... Like, everything has its pros and cons. I I think like my biggest problem is I learned early on in life, like having a massive purpose. Like when I was in the military, having something that's like so focused and like so purposeful and adrenaline pumping and all that stuff and like everything's surrounded around like that one thing and you're laser focused on literally one thing. After that, was just like, it's not that cool. Yeah. Just life just life in general.

Mike DeHaan: [3:52] And I feel like a lot of people, they focus on sucks they feel like they need to, they don't actually care. You know? It's a lot of like self centered stuff. I'm like, is that really gonna matter to you? Like, I think like the fitness one is a is a good one.

Dan Austin: [4:03] We were talking about that a little

Mike DeHaan: [4:03] bit before the show where there's, like, the guys that are in decent shape, and they're like, yeah. But I could be, like, leaner. I could I could run my mild Yeah. Ten seconds faster. Could just... I'm I'm like, kinda like, why? Will that actually make you happy when you do that?

Dan Austin: [4:16] You gotta have, like, a purpose.

Mike DeHaan: [4:17] It probably won't. I think the people that are most fixated on that, they are really just masking their general inadequacies and their unhappiness in other parts of their life a lot of the time.

Dan Austin: [4:26] Yeah. Or like, fitness is a good example because like, that's like a... There's a lot of vanity around that. For sure. You know what I mean? Of like wanting to look good and then there's always something like body dysmorphia, right, becomes a thing. Like there's always like a little bit of your body you could fix. And I think if you... For me personally, it's actually, it's funny you brought this. I was just thinking about this. Is like, if you're only going and doing fitness activities and eating a certain way because of like vanity, like you wanna look a certain way for other people, like to present to other people, you're never going to be as healthy or as fit as you can be overall in life. Because being super lean, if you're not naturally super lean, like that's not a healthy way to

Mike DeHaan: [5:03] live anyways. Yeah. If it's just for yourself, would say that's mentally not a very good way to be. You know, because you're not crediting the position that you're currently in. You know, you're not sort of like accepting that that's good and you can probably focus on other stuff and do other things in your life that would move you further towards happiness, and instead they tend to, like, fixate. Well, now if you're like, Dylan over there.

Dylan Koch: [5:24] Well, I'm not... Anyway. I I...

Mike DeHaan: [5:28] What? What?

Dan Austin: [5:30] Dylan, I've seen Dylan with his shirt off last... Like two weeks ago. A little

Dylan Koch: [5:34] Two weeks ago.

Mike DeHaan: [5:35] You're looking

Dan Austin: [5:35] You're looking tight, Yeah. Right

Mike DeHaan: [5:37] And everyone should be, you know, a general level of fitness. Like if you're in healthy, that's one thing. But like, you know, the three of us, I would say are very acceptably fit where we can go and we can do a challenging endurance activity. We can go. We can, like, move shit out of our house without hurting ourselves. Right? Reasonably strong. You know? We can all go and, like, do any sort of sport at, like, a general recreational level, you know, and that's like, we'll do it. We can all play with our kids. Those are all things that are very reasonable. I'm talking about people that are just so obsessed with that trying to get to like the 1%.

Dylan Koch: [6:06] But, what's your one rep max on bench?

Mike DeHaan: [6:09] Right now? I'm kidding. A lot. A lot.

Dylan Koch: [6:12] A lot.

Dan Austin: [6:12] I promise.

Mike DeHaan: [6:13] But also, like, why does it matter?

Dylan Koch: [6:15] You know? Like, hey. Who cares? Being facetious.

Mike DeHaan: [6:17] Yeah. And once you get to a certain point... By the way, it's about three thirty five, Dylan.

Dylan Koch: [6:21] Once you That's good.

Mike DeHaan: [6:22] No. It's not not That's not

Dan Austin: [6:24] right. I'm That's

Mike DeHaan: [6:25] my that's my one room ever. No. I got long monkey arms. But but but after a point, like, if if you're like a 44 year old dude and you have a business and you have a family and that's like what you are putting on as like your ultimate goal for the years to be able to do that, Is that really like a healthy way to approach goals when it's such like a self centered thing that doesn't really have like a higher arching benefit to it? Like, some people say it's discipline maybe because you have to like stick to a routine. But I was like, what if that discipline was put towards something that would actually have like a broader usefulness versus just like checking a box?

Dylan Koch: [7:00] Yeah. An eye opening thing for me when I was, I guess, coming into adulthood was the amount of people at the gym who like, you know, you have to be disciplined or follow like, you know, some kind of regimen routine, but that'd not transfer to other aspects of life. I think they have $5 in their checking account, but somehow they can eat all their macros in the same day and work out two to three times a day. Was just like surprising that their skill sets didn't like intertwine in any which way at all.

Mike DeHaan: [7:24] Yeah, you did. They would. That goes outside of fitness too, right? I even think about this with like business and making money, whereas like, there will be a point where you will make enough money that you can realistically do whatever you want to do and that number is probably significantly less than you think, right, than people will see. But then at that point, it's like, are you still making money for, like, the love of the game? Or are you doing it because, like, you're inadequate and you, like, you actually never go up like we've talked about the past few weeks. Right? Never go up. But is that really like a healthy way to be? And at what point do you sort of just decide that you need to, I don't know, be happy with what you have and sort of like just chill?

Dylan Koch: [8:00] Yeah. I mean, if you won the lottery tomorrow, would you keep working?

Mike DeHaan: [8:03] I would. Totally. Well, we've talked about this before. I'm already in the position where I can do pretty much everything I would want to do, you know. If I like stopped having income right now, I could live my exact same lifestyle for many years. I could still, you know, fly first class shift things, but I would get bored. Like what I like with the business is not necessarily the revenue part, like making my part, that is cool. Like I do... Everyone gets like a little bit of a adrenaline rush when you when you make a good good bit of money. Right? Even if like your jaded to that, you make money all the time, there's still like a reason that you're trying to make more money. Because you get like that little hint of it. But if that's your only reason to be doing all those things, it's like, that actually a happy person? No. Probably not. Like, what really is the purpose of having goals like that? But anyway, going back to like the the whole thing of like where I started this of it must be nice to care about something. Just because after a point when you've reached an acceptable position in a lot of things, it is hard to generally care about a lot of random stuff. Most them don't have hobbies. And so I'm talking about there's people that like they do things like legitimately just for fun with no real like monetary or personal gain.

Mike DeHaan: [9:10] But I don't know the direction I'm going with that at this point. I'm just randomly trying to bring it back to a conversation. I will, I

Dan Austin: [9:14] guess, justify what you're saying is there's some gamification of life that makes it engaging and like business is a game at some level and there's different things you can keep score on. And like maybe for fitness people, there's some gamification where it's like, oh man, I wanna see what I can do to my body or I wanna see what I can do here. And without that gamification, it's like just boring.

Dylan Koch: [9:34] Yeah. Taking your body fat percentage down from 12 to 10 isn't going to do anything. Right?

Mike DeHaan: [9:41] And I guess the question is when does that gamification go from being acceptable to being like at an unhealthy level? You know? Because there's also people like the golf thing, really quick on that. There's also people that will say they're really into golf, right? And that's their hobby, that's what they're really excited about. But in reality, what they're trying to do is just not spend time with their kids or not work.

Dan Austin: [9:59] That, okay, yes. I think there's... Yes. Especially golfers. All my golfers out there, I know Kyle's listening to this. Yeah. Have fun, bud. Staying away from your family, dork. I'm just giving Kyle a good dad. Now, which Kyle? And that's the determine who I'm talking about.

Mike DeHaan: [10:13] Yeah. There's a few.

Dan Austin: [10:15] There's a fuck you, Kyle. Anyways, what I was going... Okay. So this is actually good. Have you guys seen the the Mike Tyson documentary yet on, Netflix?

Mike DeHaan: [10:23] No. Is it like new? Yeah.

Dan Austin: [10:25] Well, I don't know if it's new. I had some travel time, so I downloaded some stuff. And I was watching it and, you know, Mike Tyson's story, everybody kind of knows it, right? Like he came from the streets, kind of like mom was a prostitute, all this sort of stuff. And then he got into boxing in like a juvenile detention home type thing. And he talks about it and it's like he immediately was like, this is all I wanna do. All I wanna do. He went from like punching people in the face and stealing their wallets to getting into the ring at like the age of like 12 or 13. And then like all he did until he won the championship was just box box. He quit school. He'd wake up and run, and then he'd basically box all day. And then like his roommates said, like they would hear him like shadow boxing in his room at like three in the morning. Like, you would say that guy's crazy. Right? You'd like, that guy's crazy. Right? And then he became probably one of, if not the best boxer in history, of all time. And that's what it takes, right, to do that. So there's like some obsession, but if you don't ever reach the top, people are like, you're stupid. Waste of time.

Mike DeHaan: [11:22] For sure. Well, and it and it takes, you know, a little bit of insanity to become the best of world in anything. Whether that's, you know And genetics. Yeah. For sure. Well, that's the thing too. Right? And so that was Mike Tyson. You had the genetics for it. There was a lot of other people who were equally as obsessed. I guarantee it. They just didn't make Yeah. You see it everywhere. I guarantee you there's a dude at the local UFC gym in Spokane that has that same sort of, like, passion for it. And he's doing it all the time. And he's going around, he's freaking kicking street signs, whatever he's doing. He's all hyped up all the time. Kicking dogs. Definitely not not doing fentanyl for sure. But that dude will probably never go anywhere. You know, just like statistically, he doesn't have the genetics for it, isn't good enough for it. Whatever it is. Startup when he's too old, that's another thing to do for sports. A lot of people don't figure out.

Dan Austin: [12:06] Yeah. He'll he'll be able to walk up to you and be like, hey, do you roll?

Mike DeHaan: [12:09] You roll. Yeah. And if someone if someone breaks into his house, he'd be able to get on his back and

Dan Austin: [12:13] Yeah.

Mike DeHaan: [12:14] Get ready to try to jiu jitsu you. Yeah. Get

Dylan Koch: [12:17] to my car. Those. Those are funny. They're hilarious.

Dan Austin: [12:21] Anyways. Anyways. Anyways. Anyways.

Mike DeHaan: [12:23] I don't know where I was fully going with that. But

Dan Austin: [12:25] Mike's just mad at people that have hobbies.

Mike DeHaan: [12:27] No. I'm I'm just... I just always think it's interesting.

Dan Austin: [12:29] I'm with you. I don't have very many hobbies.

Mike DeHaan: [12:31] You know? And and, like, to your point, like, do you really care about? And I think it was on top of mind. So I'm I'm going to Vegas next week with my GoPod, and we're doing one sheets. And there's a lot of, like, the goal stuff, and I just don't have any. I honestly don't at this point in my life. And I think especially because I have, like, a a new son. And so, like, it's just stuff I wanna do, like, with him. But it's not a goal if I know I'm gonna do it.

Dan Austin: [12:53] Oh, you should have goals for your son that become your goal and then he hates you for it.

Mike DeHaan: [12:56] Right. Yeah. No shit. That's what

Dan Austin: [12:59] he's supposed to in life.

Mike DeHaan: [13:00] That's what he's supposed to accomplish.

Dan Austin: [13:01] That's what you're

Mike DeHaan: [13:02] supposed to do when you have a son. Right? That's why everyone wants to a son,

Dan Austin: [13:04] so they

Mike DeHaan: [13:04] can live up to the stuff that you never did.

Dylan Koch: [13:07] I remember being at a GoBundance event and one of our mutual... He's been on the show, Drew. I don't think he'd care if I name dropped him. No. Like, and they're trying to do like this deeper meaning thing, like you said, like these big things. And he pretty much like raises his hand at the end. He's like, yeah. I don't really care about any of that.

Mike DeHaan: [13:22] No.

Dylan Koch: [13:22] And the woman was like, well, you probably have some, like, deep rooted trauma. And and he's just like, nah. I'm pretty good. It's... I don't know. It's just like... And then that's the thing. It's like, try to find something that's bigger than yourself.

Dan Austin: [13:36] And this

Dylan Koch: [13:37] is where I see the religious people come in. They do everything for, like, god, whether that's true or not. But I will tell you there is some kind of overlap between the most religious people I know, and, like, they're usually pretty wealthy. Mhmm. Whether that's, like, a made up thing in their mind or not, like, it at least works. Like, it's... It is actionable. Being

Dan Austin: [13:54] religious or being, like, wealthy?

Dylan Koch: [13:56] Like, they basically will say that, like, I'm a steward of god's money. And, like, the guy in my GoPod is very religious, and he's worth more than all of us. Like, it needs, like, it's an observation that I've seen a lot of religious people are also very wealthy.

Mike DeHaan: [14:09] Do you think that's because they're they're dedicated? Is that because of their upbringing? Because they walk with God. Religion's a whole other topic you can you can go down a rabbit hole with. But, I mean, I would also say you might have a, like, bias there because you're in the Midwest.

Dylan Koch: [14:22] Yeah. Which I did not grow up religious either though. So... Yeah.

Mike DeHaan: [14:26] And and and you're religious now that you're rich? Is that what you're saying?

Dylan Koch: [14:29] No. I'm not religious

Mike DeHaan: [14:29] now. Weird. Yeah. No. Honestly, I think one one part of that is just that they they will tell you about it. So it kinda like seems that way. Whereas you don't really have a lot of, wealthy people out there going like, well, actually, I'm an atheist.

Dylan Koch: [14:43] It's true.

Mike DeHaan: [14:43] Yeah. It's like a it's like a CrossFitter. Like, all of a sudden, everyone's doing CrossFits. Like, no. They're just fucking telling you about it, so you're hearing it a lot. You know? Or like, everyone's vegan. There's... The vegans are just telling you. Actually, 90% of the people are not vegan, but only the vegans are telling you that they're... About their

Dan Austin: [14:57] diet preferences. Well, I wonder too is like if that's a big part of your life, like religion, like what else are you gonna talk about?

Mike DeHaan: [15:03] Yeah. It's true. Especially as like an adult, we all experience it. There's just like less time in the day, so you have to choose what you wanna put your energy into. And people that are really into that does take time to read their 10 pages or whatever they do. Yeah. I I get it. I respect. I respect it, I guess. Yeah. So they gotta go somewhere about it, and somewhere apparently is always my Facebook stories. Yeah. Let's

Dylan Koch: [15:25] change let's change that.

Mike DeHaan: [15:27] It's gotta go out there.

Dylan Koch: [15:28] We're gonna talk about AI and Grokbot a little bit more because I've been doing that for Or a

Mike DeHaan: [15:34] I remember what I sent you guys on Instagram the other day. Oh, what was it? Yeah. Before it got deleted for some reason. It said that the new term for vibe coding is actually cut coding because you tell it what to do and then sit there and watch. That's

Dan Austin: [15:50] exactly what I've been doing a lot lately.

Mike DeHaan: [15:51] True. That's literally what it is. So tell tell us about how you how you've been cucking over there, Dylan. Yeah. You've you've been cucking with your girlfriend.

Dylan Koch: [15:58] That'll be a great clip in the... For the social

Mike DeHaan: [16:00] media reels. Can't wait for my mom to like that one. Oh, okay.

Dylan Koch: [16:05] She'd like, what's that?

Mike DeHaan: [16:06] Oh god.

Dylan Koch: [16:07] Data management mostly. It is a big one. And so that's pulling all county scrapers. But, like, not only does it pull county scrapers, they can, like, open PDFs, find out what the mortgage balance is, give an estimated ARV and be like, okay, well, we're not even going to include this one because it owes what the mortgage balance is. Like, stuff like that. Yeah. Niche data that's always been almost impossible in my county, code violations, eviction stuff. But not only does it, like, get all this data put in the format you want, I've also got it to automatically upload to aria simply, automatically skip trace it, and then basically run it to a dialer. And then then the caller can take over from the dialer itself.

Dan Austin: [16:40] That, like, literally anything you do. You remember like you used to like record your screen like this was years ago? Could like record your screen and like save that like the clicking and then you could like Oh yeah. Yeah. Stuff like that. Now it's just like, no, I'll just be a person.

Mike DeHaan: [16:52] Yeah.

Dylan Koch: [16:53] Yeah. Yeah. And the other one was bookkeeping, which pretty much is like depending on how much you want to give it, but it has access to my Dropbox files now, so it can move like receipts out of like certain things. And then I would just export credit card statements and bank statements, and it creates its own asks like, okay, don't know what this goes to. But as long as you give it your utility information or your insurance policies, it can like, you know, reconcile all this stuff for you.

Mike DeHaan: [17:16] Okay, Robert. Do you use QuickBooks?

Dylan Koch: [17:17] We have a QuickBooks account now.

Dan Austin: [17:18] Do you... Is your Grockbot connected to it?

Dylan Koch: [17:21] It's not. And I'm... My point is is like, I might just cancel my QuickBooks subscription and do it the way I've been to.

Dan Austin: [17:27] Oh, and then just create. Yeah.

Dylan Koch: [17:28] Yeah. And then just doing it the way I've been to. Yeah. Exactly.

Dan Austin: [17:31] Dropbox. Just create a P and L and all that stuff for you.

Dylan Koch: [17:33] Yep. And then so I'm trying to do that. So I... It also gives it in chart form where it gives month over month and year over year data per property and per entity. What else was there? And then honestly, shout out to theColrod Johnson. He did like aI signed up for a school thing that he does, and they have his GrockBot things on there. So I downloaded one just like... It's like a plug and play. Nice. And for... It's like basically it can replace PropStream. It's like not only can you get the niche code stuff, but if you want this high equity in this certain zip code, you can do that too.

Mike DeHaan: [18:03] That's awesome. So where does that get its data from?

Dylan Koch: [18:06] Do you know? I wish I knew, dude. I don't know.

Mike DeHaan: [18:08] Yeah. That's interesting. Because like the... I mean maybe it's just, I guess, pulling it from public record and it's going that fast, which is possible. And there's so many different use cases for that kind of stuff. The GrockBot stuff in particular, pretty much anything you need a human to do or to consult any of that data, there's really no reason to do it yourself anymore.

Dan Austin: [18:26] I even catch myself sometimes, I'm like, why am I doing this? And then just like,

Mike DeHaan: [18:30] go over to- Well, funny thing is, is there, there is like a fine line because you, you can do that, but also knowing how to use it efficiently is a skill.

Dylan Koch: [18:39] I have found myself, to your point, Mike, of being like, okay, well what else can I do? And then like, am I really, like, is this the best use of my time right now? It's like, should I be doing something that's probably more like revenue generating? But it is cool to like this experiment with.

Mike DeHaan: [18:52] Yeah, totally. Well then also understanding too, like as you are do get into things and you do get stuck, like you can probably push even further than you think on certain things. Yeah. Right? But then also there's certain things you're just not going to be able to do quite as well and it will create more time trying to reconcile what it put together.

Dylan Koch: [19:08] Yeah. I mean we have thousands of leads inside RE Simply. And like we're selling one in two weeks and I'm selling it to like a good buyer. And like I don't think many other people would pay what he's paying if I'm being honest because this is like his cup of tea. But all I did was I like go through all of my active leads, find ones that match this criteria, and like it pulled out two or three that I had like freaking forgot about that might now turn into deals because like I just asked it to go find them. Right? Stuff like that.

Mike DeHaan: [19:35] Yeah. I'm currently working on, on like the agent side actually, because I know you said it in your notes that it beats shit out of Claude, which for external stuff it absolutely does. But with our LOS that I built with Claude, I'm in the process of trying to build agents that work within our LOS specifically. So basically, like baked into the code

Dylan Koch: [19:53] Okay.

Mike DeHaan: [19:54] Which you don't want an external agent for. So it'll basically be... It'll be like a little inhabitant of our code base, right? To do some of the data movement where it, like it has its own email. And so it collects the inbox within our LOS and then it will be able to pull information and things out of that, respond to emails, send emails, and then basically put data into our LOS that we can't really get it any other way except for manually grabbing it. Right? Yeah. And then it's connected with like our API with our mail, house collection mail and those sort things to be able to collect that collateral tracking info. It's currently something that we have a VA do, but it's one of those things that it's like just enough volume and just complex enough that it's hard for one person to stay on top of unless they're just doing it all the time. But it's repetitive enough that I think we could really get an agent to do it. And so there's a couple items like that I've been trying to figure out. It's a little bit trickier building them within the bounds of the system because it does have to be basically fully coded and it's not like Rockbots kind of just, you know, doing its own Yeah.

Dylan Koch: [20:52] I mean the thing is like, it'd be like, oh I need your API key for Google Street static view or something. I was like, what the fuck? And by just basically asking like, what does this mean and where do I get it? And it just walks you through it.

Mike DeHaan: [21:04] It is crazy how it's like so rapidly changing the landscape of so many things. Know, and I look at, and we talked about this a lot with Greg last week, Dan while you were out, it's like, you can start a wholesale business now for like a $10 AI subscription. You can do literally everything that you would possibly need to do with just that.

Dan Austin: [21:22] Yeah. Yeah, totally.

Mike DeHaan: [21:23] If you're willing to like make your own calls and stuff. But same with business, like, like a lot of these different platforms are going to be gone. You know, a lot of like lower, like I can really see how like lower level staff positions will be gone. I mean, even like the, the agent that we're building, right. That's currently a staffed role. That staff member does other stuff in the company as well, but you'll be able to sort of piece together those little things and they will just happen automatically.

Dan Austin: [21:45] If you have like underperforming staff or like jobs, I don't even know why we're doing this. Then you get a bot to do it. You're like, well, maybe I don't want that underperforming staff member.

Mike DeHaan: [21:52] And then I'll figure out how to

Dan Austin: [21:53] replace them with somebody different in a different role. But now 80% of their tasks are taken over by an agent. That was easy. Yeah.

Dylan Koch: [22:00] Yeah. Yeah. One thing with the agent stuff is it still does make mistakes. Like it ran out the

Mike DeHaan: [22:07] other

Dylan Koch: [22:07] report and the other it's like, oh, I couldn't connect to Ari Simply. I was like, this worked every day up until this point, like what broke? And it's like, oh, you're right. Like, I was trying to connect to the wrong

Mike DeHaan: [22:16] thing. Like, that... I guess... Yeah.

Dylan Koch: [22:18] I was like... And it's funny. So I created a different bot called, like, chief of staff, which I got from Drew again too.

Dan Austin: [22:25] Oh, really? I literally was just training one this morning.

Dylan Koch: [22:27] Yeah. I was like, hey, check the work of all the other ones at, like, this certain time of day. And oftentimes it'll catch me like, oh, you know, it missed this. You wanted to fix it? I'm like, yes, of course. Like...

Dan Austin: [22:35] Yeah. I literally was just... Even before we got on the show, I was like giving my chief of staff guidance because I was like, man, I feel like you need somebody, like an agent like that can like help with like employees. And like after Mike and I were chatting this morning and Mike was talking about giving one of them like access to our Slack, I was like, why can't you have a person with an email, a digital person with like an email address that's got logins to all your stuff as well? Or

Mike DeHaan: [22:57] Mhmm.

Dan Austin: [22:57] And just have them monitor and and pay attention to shit. It's not gonna be perfect. But then to your point, Dylan, like I have a bookkeeper bot as well. And it's like, Hey, go check on that work. What's going on over there? Give me an update on that. And then you have like, it's like two layers of checking, right?

Mike DeHaan: [23:11] Cause if I just go

Dan Austin: [23:11] to the bookkeeper bot, it might tell me some false information.

Mike DeHaan: [23:14] Mhmm.

Dan Austin: [23:14] The staff might look at it and actually say, Yeah, they made a mistake on this. And then you at least know to dive into it. You might not just say a 100% you guys go fix it. I've been at that point in time, I'm gonna go look at it. Yeah. Fix the issue myself and actually, But you still need some I think that like two layers of like, like you, like you have like bots and then bot managers maybe, and then bot like directors and VPs.

Dylan Koch: [23:36] Yeah. Honestly. I had it make its own organizational chart of like who oversees what. And it did a good job.

Mike DeHaan: [23:43] Oh, interesting.

Dan Austin: [23:44] Yeah.

Mike DeHaan: [23:45] That is interesting. Yeah. It's kind of like it's endless, honestly. You know, and it's funny because now that they're currently coworkers, people have joked about like the AI girlfriends. It's eventually gonna reach a point where it's a little bit unhealthy. People are gonna have their AI friends. Or like, oh,

Dan Austin: [23:59] I have

Mike DeHaan: [23:59] Absolutely. My I want my my Dungeons and Dragons AI bot. We're gonna, like, play a game together. But, like, seriously, dude, that shit will happen.

Dan Austin: [24:06] Why couldn't you? Would that not be just as fun as doing it on Zoom?

Mike DeHaan: [24:09] That's the real philosophical question about it. Right? Like, honestly.

Dan Austin: [24:12] There's a

Mike DeHaan: [24:13] lot of

Dan Austin: [24:13] people that like that. Like a lot of people like that type of engagement, that digital engagement. And like, I think this is where creativity will still be valuable because people that are like the most creative are the ones doing the most creative shit with AI. Yeah. You you know what I mean?

Mike DeHaan: [24:27] It will be for sure. But, like, people are already sort of pushing. So I actually... One of the most unhinged things I've seen, like, comments I've seen on on Facebook in the last little bit, so I was other day. And then someone said that, I said, who listens to podcasts still? So I haven't listened to a podcast in months. I always find that when I'm driving, I just have conversations with my AI. Oh, I What? Yeah.

Dylan Koch: [24:49] That seems weird to me.

Mike DeHaan: [24:50] What's super weird, but the extra weird thing was the 300 plus comments of people that were agreeing and that they also do this. And like whether it's through like Muse or Grokbot or ChatGPT or whatever the hell, I don't know what they're using. But that's what they do all the time. And they're just like, yeah, I just learn things by just talking to my AI. And I... They find that much more interesting than listening to podcasts where they used to go to learn things, but they don't know what they're gonna learn. But now they can learn exactly what they want by talking to their AI while they're driving their car.

Dylan Koch: [25:15] I don't even know what I would randomly ask an AI. You know

Mike DeHaan: [25:18] I don't... Because because you're not a fucking incel, Dylan.

Dan Austin: [25:20] Let me give you a use case. So like, I've... I have turned the chat GPT, like, talk function on while I'm driving because I don't wanna text while I'm driving. Yeah. And so I can like, Hey, can you answer this question for me? Do some research or like, Hey, I have it on top of my mind right now. And I know when I get home, I'll forget to go look this thing up. And so I'll have that conversation, but I'm not like driving around having conversation with fake people.

Mike DeHaan: [25:44] So so you're doing that, and then it's gonna text your wife back. It's like, well, that's an excellent question. Let's dive into this in three different ways. Long hyphen. Yeah. Sorry. You're having a stroke. I mean, eventually, it will start to get to that with people. Yeah. So here... Here's the problem is I I think that people will find a lot of enjoyment with that while they're doing it, but it will ultimately lead to a lot of emptiness. You know, very similar to, I mean, people that are, like, really into just online games and that sort of stuff, and that's their entire social circle is online. So, Dan, you probably never experienced this because you're not a gamer. Dylan, I don't know if you have. When you are, like, really engrossed in, a game. Right? Like, you're fully immersed and the passage of time outside of you is, like... And you have no idea what's going on. You're fully immersed. The thing that snaps you back to reality, there's jokes about this on Reddit that I have personally experienced, where the screen goes to like a loading screen or something and you see the reflection of yourself and you're like, holy fuck. That's me right now. I'm sack of shit. Seriously, this is a very real thing that happens with these games. And so when, you know, and it happens when you're like the most engrossed in it and it just snaps you back and it just really sort of like gives you a, I don't know, a negative view on yourself and like humanize you. It's really weird.

Mike DeHaan: [26:58] But when people are now doing this, these like, these AI friends, that same thing's gonna happen. Like eventually they're gonna have to like get up to go take a piss while their AI friends won't have to do that. And they're gonna have to walk past the mirror and be like, man, this is who I've become now.

Dylan Koch: [27:10] I mean ultimately I think it's a net negative. Think humans in general need to be outside with real world connections.

Mike DeHaan: [27:18] Do you not

Dan Austin: [27:18] think that'll happen naturally though?

Mike DeHaan: [27:20] No. Because we're we're already dealing with this. And we and we don't have the dopamine level.

Dan Austin: [27:24] You're talking about it. Do you let that happen to you?

Mike DeHaan: [27:27] Did

Dan Austin: [27:27] I? Are you engrossed in AI so much that all you do is talk to AI and now you feel like you're a sack of shit?

Mike DeHaan: [27:32] No. No. I don't. Because you're

Dan Austin: [27:34] smart and you're educated and people will naturally do that. Humans will find the the right path.

Dylan Koch: [27:38] I think if you do the majority... Like, you know, you know, bell curve, right? The middle of the bell curve.

Dan Austin: [27:43] Yeah. We are the majority. Three white dudes in their thirties? We are the majority, dude. We are.

Mike DeHaan: [27:50] Stop it. We're not, damn. We're higher income. We've like are doing things Right? That are beyond Like, if you look at the average salaried employee, out here, I have, like, a grocery store across

Dan Austin: [28:01] from my parking lot. It's called Winco. Don't call the grocery

Mike DeHaan: [28:04] store. Just call them I'm not trying dox myself. You know, the... All the people that that work there. Right? That is the average American. Right? Or like all people that are going to WinCo right now for some reason in middle of the day on a Thursday. They're unemployed averages. Average. Normies? But... Yeah. But like those people, you know, they are gonna be super susceptible to that because they already chase dopamine all the time anyway. You know, like the average person, this is why we have like the issues with like the doom scrolling, know, social media addiction. Yeah. Yeah. You already have like all the depression stuff because you don't have like the third place they talk about. But now a lot of people don't even have two places. They only have home. Yeah. Yeah. Yeah. You know?

Dan Austin: [28:40] I I agree with that.

Dylan Koch: [28:40] Nobody has sex anymore.

Mike DeHaan: [28:41] I saw

Dan Austin: [28:42] this on Twitter. Yourself. To me, this is like AI doomerism. Like, oh, the world's gonna go into... It's like, yeah, it will temporarily for some people, but I think it'll always come back around. We're humans. Right?

Mike DeHaan: [28:53] I don't even know if it's doom or is it? I just think it's just the natural way that humans will work is they will chase the dopamine. They will chase the path of least resistance to give them that amide. And just like why... Like, how there's so many freaking fried chicken restaurants down the street, man. How many fast food places do we need that keep growing and growing while there's an an... Like, a ever growing

Dan Austin: [29:13] Chicken is healthier than burgers.

Mike DeHaan: [29:16] That's why. Growing unhealthy population. Like, that that is the prime example about what everything is.

Dan Austin: [29:21] I definitely agree. Like, yeah, we're tending to a thing, but, like, I think about stuff like they used to always say, like, the millennials and their video games, and that's what causes school shootings. It's not. Turns out it's trans that cause school shootings.

Mike DeHaan: [29:31] It's not. I don't even know.

Dylan Koch: [29:33] There's the clip. That's okay. Jesus

Mike DeHaan: [29:35] Christ. Yeah.

Dan Austin: [29:36] I was like, let's be honest. Like, it's... Did video games make you wanna go shoot? No. Like, you're fine. You're a normal human. You played video games.

Dylan Koch: [29:42] No. And I played a shit ton of Grand Theft Auto.

Dan Austin: [29:44] You know

Mike DeHaan: [29:44] what mean? It's different now, dude. Like, games are so different than they used to be. And there's actually... There's a lot of studies around this.

Dan Austin: [29:49] Yeah. And it used to be when they had Atari and then when you were playing World of Warcraft or whatever.

Mike DeHaan: [29:53] Yeah. So games are now... They are, like, socially engineered to reduce any sort of, like, lag time or wait time or anything else so that it keeps your dopamine going at all time.

Dan Austin: [30:05] Yeah.

Dylan Koch: [30:05] Yeah. I'm

Dan Austin: [30:06] not saying it's healthy for it. This is like

Dylan Koch: [30:07] the Netflix are you still watching and it lasts like three seconds.

Mike DeHaan: [30:10] Exactly. Just like how Netflix, they've they've cut that down to the last three seconds and immediately goes to the next episode. So you never have time to think like, oh, do I wanna continue watching this or not? You know, games are exactly the same. Right? And then once you once like the social piece, can start talking to AI people don't know. The people already are struggling with socializing in general. Even like with the dating apps, this has been like the whole thing, is it's so easy to just swipe right and swipe left. No one approaches each other anymore. I remember seeing this thing, that was a while back and it was like of men 25, it was like 60% of them had like never approached a woman in real life before. Like at all. Like that's a crazy statistic.

Dan Austin: [30:44] Yeah, is crazy statistic.

Mike DeHaan: [30:46] Do you

Dylan Koch: [30:46] remember if you were in elementary school, you had to call the, your crush's house and talk to a parent first?

Mike DeHaan: [30:51] Yeah. Oh yeah. Totally.

Dylan Koch: [30:53] That's when

Dan Austin: [30:54] I was in high school, dude.

Mike DeHaan: [30:55] Yeah. Like a spacey home? Yeah. Yeah. Seriously. When I was

Dan Austin: [31:00] a kid, you had two phone lines if you were rich because you had one for the Internet and one to call your your friends.

Dylan Koch: [31:06] Oh, we didn't have that. Two points. Yeah.

Mike DeHaan: [31:08] Yeah. Yeah. Yeah. If Dylan wanted to to log on and see something naughty, had to make sure that his mom wasn't talking to her sister or something for Yeah. Quit a very very short story.

Dylan Koch: [31:19] I was, like, the fourth grade, and I got in trouble with school. I don't remember why, but we had dial up Internet. And they're like, I'm gonna call your parent later on today. So I just got home and got Internet. Good luck.

Mike DeHaan: [31:28] Yeah. There you go. You know what's funny? I I remember doing that too where they said they were gonna call my parents, and I just got home and took the phone off the hook. So I knew the phone would never ring. Your parents would have figured it out. Yeah. Eventually figured it out. Yeah. But I thought I was pretty smart because, you know, they weren't gonna have a conversation.

Dan Austin: [31:45] Yeah. So to cap it off, to not disagree but agree in some level is like, I agree those things are bad for you in a silo. I just always think humankind will rebound back from that. Like, yeah, it'll get to an extreme, right, where it's a problem. But like, you guys heard me say this, I'm always bullish on humans. We'll come back from Even if we destroy ourselves, then we'll come back.

Dylan Koch: [32:04] Well, I guess, yeah, to round it off, if you go ask everybody, no one knows what Grock Bot or Claude even is right now. Like, we're kind of in our Yeah. Like, just because we are business owners and we have a vested interest in figuring it out. Right? Like, there is a minority here. Like, no, most people aren't playing with this. Like as a general W-two worker.

Mike DeHaan: [32:22] Yeah. I think the last report I saw was a Forbes thing. It was like only Forbes said of people are actually using AI for anything other than just general search.

Dylan Koch: [32:29] Yeah. Right.

Dan Austin: [32:30] You know what's wild about that is like the idea of an AI bubble. And when you say that statistic only four, that means like only 4% of people are maybe even coming close to using it at their max capacity. And like we're already like, like people trying to stop building data centers, you know, like not my backyard type stuff. And like data centers are like the biggest constraint. So they don't even... We're not even there yet. We're not even using it and we're already at mass capacity on what's existing. Like, is it an AI bubble or is there like a 100,000,000 x more growth with AI?

Mike DeHaan: [33:01] That is a real question. And then how quickly can you build those? Exactly. Let's say that they weren't facing any of like the the legal and geographical restrictions that they have. It still takes labor to build that. There's still the physics of

Dan Austin: [33:13] it, right?

Mike DeHaan: [33:14] There's still the physics Yeah. You still have to do the the whole process of building the actual building and then putting all the stuff together and everything else.

Dylan Koch: [33:21] That's gonna be the bottleneck. Just the raw materials to build data The

Dan Austin: [33:24] raw materials, because like you could get a million electricians to build it, but they gotta get that stuff out of the ground and make the copper wire and make, you know what I mean? All the chips and all that stuff. It's like very Yep.

Dylan Koch: [33:33] And a lot of the electrical infrastructure isn't even set up for that. So they have to bring their own energy generation, which is another, like a whole another ballgame.

Dan Austin: [33:41] Fascinating thing about that was literally just talking to somebody about that yesterday. Because I think there's talking about like passing a law where it's like, they're basically gonna make... Like the federal government's gonna say like, you gotta bring your own power, which is a good thing and a bad thing. Like it might come off like look like a bad thing, but they wanna bring their own power in. They don't wanna rely on a on a utility to have to, you know, and spend, you know, $500,000,000 to get power lines out to you. Because if you know anything about electric utility industry, they're basically government employees and they suck at their jobs and they're slow. Right? And so it's like, I bet you Elon could build a build a power grid faster than any government entity. Right? And so they're probably gonna be happier. And then... So what they're saying is the new law that's proposed is that if you're gonna build a data center, you have to build up a generation site, and then you have to sell all your excess power back to the grid. So it's like a win win.

Dylan Koch: [34:29] Yeah. And that's more politically palpable because then you're... The, you know, the populace there isn't like, oh, our electricity bill might go down. Yeah. Come on in.

Dan Austin: [34:36] Well, exactly. And then guess what? Now you're gonna have SpaceX is probably gonna be one of the biggest power brokers and power traders, and now they'll control your power grid and your bill will go It's

Dylan Koch: [34:46] capital markets. Capital markets.

Mike DeHaan: [34:48] It was funny. I actually was thinking about that because as there are constraints, right, they'll have to start limiting usage. One of the easiest ways to do that is to make costs go up. And so what's gonna happen with a lot of these companies, you know, even us in this, right, that are so heavily tied to, like, Claude and and how that whole process works. And all of a sudden they go, oh, hey. Starting next month, your tokens are gonna be 10 times more expensive. Capitalistic economy,

Dan Austin: [35:10] it's a Netflix model, right?

Mike DeHaan: [35:12] Yeah, it has It's to just go up, get them

Dan Austin: [35:14] in cheap and then raise the price.

Dylan Koch: [35:15] I will say if that happens, so in The United States, there's really Anthropic and OpenAI, right? The two. But there are these open Chinese models that are open source, and they're, like, free as long as you can get past, like, the the network stuff on them. Well,

Dan Austin: [35:31] it Grok open too? Open open...

Dylan Koch: [35:32] Grok's open, but that... I get... I see them as similar, like, agentic versus not as sim... Different things. But here's

Mike DeHaan: [35:38] the thing. Then all of a sudden, we're now all being colonized by the Chinese, right, as, small businesses. Right. Dude, it'll be like what they did in Africa where they're like, oh, you want modern infrastructure? Sure. Just give us all of your raw materials. Yeah. The one belt,

Dylan Koch: [35:50] one road. Yeah. I know you're not that stupid, but I see what you got coming.

Mike DeHaan: [35:53] Wait. If they do it on an individual level with with, like, corporations, they absolutely will be that stupid. They'll say like, oh, you're currently spending $10,000,000 a year in AI? We'll give it to you for free. All you have to do is give us everyone's personal information.

Dylan Koch: [36:04] Yeah. I mean, it's the data harvesting for sure. Like, I mean, that it's that regardless of who you use. And did you guys see what Anthropix... So they're... They filed, I think it's called an s one, is like to prepare for an IPO. Their first half of twenty twenty six, a net loss of $80,000,000,000.

Mike DeHaan: [36:22] That's anthropic. Hey. Anthropic. They should, you know, they should run for government. They'll fit right in.

Dan Austin: [36:28] Meanwhile, what is... SpaceX is talking about like a 500,000,000,000. I mean, is Elon saying a 500,000,000,000 next year. 500,000,000,000 to a trillion in revenue ARR.

Dylan Koch: [36:37] Yeah. Know. I mean, Elon is usually directionally right, but his timelines are always wrong.

Dan Austin: [36:41] Oh, for sure. Yeah.

Mike DeHaan: [36:42] On I was listening to a podcast the other day and they were talking about the flying car thing. And and how people have, like, bought those now. Is it a flying car or a really shitty rocket ship? It's a really shitty rocket ship. It's basically like a James Bond, like, stunt car. I have an opinion on that,

Dan Austin: [36:59] which is it's just a marketing stunt. Right? Like, it's not practical. It's not legal. It doesn't make any sense. Like, it's not a very good car. Right? Like Of course it is. Gets excitement around it.

Mike DeHaan: [37:08] Yeah. But the point is is they were going through, like, all the stuff that Elon has said on stage and what actually came to fruition and didn't. And it and it was funny because how they started it, they go, and if you guys missed the full thing of the rock... The Roadster, you know, here's how Elon started. And he basically is like, announced to the Roadster. He's like, we started this way, all sorts of stuff. And they're like, yeah. It's pretty cool. It's like, well, that clip was from 2017, just so you guys know. Yep. So it's ten years old. And then they basically went through all the different stuff. And and there was one in particular that stood out to me because I forgot about this. Do you guys remember the... When they had the demo for when there was all the pushback around, how long it was it was gonna take to recharge these cars? And so they have, like, a whole setup where you could just pull your tests over. The batteries would drop out the bottom, and new ones would get installed right away, you would just drive away.

Dylan Koch: [37:52] Oh, I don't remember this. No. Yeah. Don't.

Dan Austin: [37:54] That was one of the options.

Mike DeHaan: [37:55] That was one of the big things. But so the crazy thing is that actually exists, I guess, according to the show in China. They actually do have that for, like, the Chinese version of the cars, but we just never adopted that here. Yeah. So instead you get to go charge your Tesla in the back parking lot of, like, a Holiday Inn Express in middle of nowhere.

Dan Austin: [38:11] Yeah. Of course, where you get stabbed by like Yeah.

Mike DeHaan: [38:13] Because there... Because there's nothing else in the middle of the country. Right?

Dan Austin: [38:16] That there's probably... Like, I don't shit on him for doing that. Like, that's the CEO thing, like the visionary. Like, you gotta set a vision. And if you set a vision, like, way up here and you only come halfway, it's better than setting a vision down here and going halfway to that. Right? Yeah. Yeah. And so, like, I think there's something to be said because it's worked out.

Dylan Koch: [38:30] My favorite was the, the solar powered shingles on roofs. Like, your roof is gonna have solar powered shingles.

Mike DeHaan: [38:36] That's another one they talked about. Right? Mhmm. He also talked about how he was gonna generate power in space. Right? That was one that people actually believed, which is physically, it's not possible to, you know, get it down to Earth. But... Yeah. So the problem with it though is when you're doing that, and then you're also collecting money afterwards based off of what you just said on stage, which is not remotely true. And so that one of the Yeah.

Dan Austin: [38:57] But did anybody... Has anybody lost money because of it? That's the question.

Mike DeHaan: [39:00] So that's that's up for debate. No.

Dan Austin: [39:02] Not at all.

Mike DeHaan: [39:03] Not in not in

Dylan Koch: [39:03] They could have if they shorted the stock, and then he said good news and the stock went up, so they could have.

Dan Austin: [39:07] That's true.

Mike DeHaan: [39:08] So I guess when you said this Roadster thing in 2017 Yeah. At that point, you could have paid $250,000, which a thousand people did this so that you could reserve a roaster in the future. That has not come yet.

Dan Austin: [39:18] I'm not worried about these thousand people.

Mike DeHaan: [39:20] But but that... That's still... Like, is that

Dan Austin: [39:21] actually gonna

Mike DeHaan: [39:22] come to anything? Of Yeah. Totally. I, like, I fully agree with you. They're still making that decision to do that. It's obviously nothing money for to do that. But the principle is that you're... They're still saying these false statements going on stage and then collecting money from it. Right? And so like one of the reasons the guy that hosted the show was so pissed off about it was when he bought one of the very first Teslas like fourteen years ago. And he bought it because it was the promise of self drive. Yeah. Okay? About a year after he owned it, they go, oh, that one's not gonna be able to do self drive. You have to buy this other one instead. So they basically... Yeah. They get... He bought another one. Yeah. Perhaps. Right? So what Now he has this 13 year old one. Like, if he had bought a new car every time that they said that they needed to get a new model, he would have buy bought three more.

Dan Austin: [40:00] What's he doing driving a 13 year old Tesla? Is this guy poor? He must not be a successful podcast host. This podcast sounds terrible. The batteries probably don't even charge anymore, dude.

Dylan Koch: [40:10] Yeah. He needs a new battery.

Dan Austin: [40:11] That's $60. It's like my iPhone last six months, dude. Come on. He's got 30

Mike DeHaan: [40:15] He said they just did a trip, and it and it got 270 miles, he said. He said it actually held up pretty well. But

Dan Austin: [40:21] I hear what you're saying. You're... There is there is another side to it.

Dylan Koch: [40:24] But the... I mean, think of all the scams. Like Yeah. Theranos was a scam. There was a whole EV company that was just made up. They, pushed it down a hill, and it just kept going. And, they said it was an EV truck or something.

Mike DeHaan: [40:34] Is it

Dylan Koch: [40:34] like Yeah.

Dan Austin: [40:34] Technically. Yeah.

Mike DeHaan: [40:36] It's on gas. It's gas. It's Enron. You know? Yeah. Big whole energy scam.

Dan Austin: [40:41] There's definitely a lot of scams out there. And honestly, probably a lot of stuff Elon says, they're probably like, how are we gonna do that, dude? And and he's like, I don't know if you ever figured out because I'm not going to jail.

Dylan Koch: [40:49] Yeah. Well, even all the Neuralink stuff, like his drilling company, the boring company, and he's got his hands in so much things. Like, will they all come to fruition? Yeah. But probably, like, fifty years, not five.

Dan Austin: [41:02] Yeah. That's still... The timelines are always off. Yeah.

Mike DeHaan: [41:04] Yes. That was some of other stuff that I'm like, like, the Hyperloop or things that he was talking about, or he's gonna do, like, the the train from it San Francisco to LA or something that he was talking about? I don't know, man. Either way, who knows anything anymore? We're all gonna die eventually.

Dan Austin: [41:20] I don't know. My chief of staff knows everything in the world. I trust him. Think of him and name him Barry.

Dylan Koch: [41:24] He was trained by you, Dan, so I don't think

Dan Austin: [41:26] that's possible.

Mike DeHaan: [41:27] And then Barry.

Dan Austin: [41:28] Think of him, Barry. I gotta come up with a good name for him.

Mike DeHaan: [41:31] Yeah. Yeah. Name whatever you want. Give him like a little a little avatar.

Dan Austin: [41:34] I'm gonna ask him what name he wants and if it's a boy or girl.

Mike DeHaan: [41:37] Yeah. So he's asking his gender. Ask him his preferences so that you don't accidentally misgender him. What's he gonna say? I'm actually fascinated.

Dan Austin: [41:43] What is your gender? It's it's thinking it through. That's what it's telling me. Hold on. Oh, it's thinking on it. I don't have a gender. I'm an AI assistant. So it or they both work fine. If you'd like me to have a particular name or personality as your chief of staff, I'm happy to take one. Take one on.

Dylan Koch: [42:01] There you go. Talk to me like Donald Trump. So all

Mike DeHaan: [42:05] AIs are theythem or heartheirs or

Dan Austin: [42:08] It I give gender.

Mike DeHaan: [42:12] Alright. Well, Dan's about to have private time with his, his AI. His AI is like, are you hot on a scale of one to 10? How? Oh, yeah. Can you check this box?

Dan Austin: [42:21] Would you

Mike DeHaan: [42:21] go on a date with me? Yes or no? Let's see if slide that over. So, anyways, alright, guys. Thanks for listening. Dan, stay safe out there. Don't, don't get too in... Don't get too enveloped with your AI girlfriend.

Dan Austin: [42:33] Yeah. Barry says goodbye.

Mike DeHaan: [42:36] See you. See you, guys. See you. This episode is sponsored by Sir Lenzelot LLC, also known as SLA Capital, which if you didn't know, is Dan and I's private lending company. So, yes, we are sponsoring our own show, but what you're do about it? It is our private lending company that offers hard money and DSCR loans to real estate investors of all types. So you can be a new investor, an experienced investor. You can be buying flips. You can be buying rentals, whatever. We can do everything. And not only that, but the rates that we offer are just as competitive, if not cheaper than pretty much every other company out there. So whatever big company you've been working with, bring us their term sheets, I guarantee that we can probably beat it. We have the same connections they do. We just don't have all the overhead and middlemen. So if you wanna come and check us out, go to slacapital.com/keys, and I will know that you came from the show. And by seeing that you came from here, when you get the closing, you will save $500 on your first loan with us. So slacapital.com/keys, we would love to fund your next deal. Thanks for listening, everyone. If you want more from us, you can shoot us a follow on Instagram. I am at Mike underscore Invest.

Mike DeHaan: [43:40] Dan is at investor man. Dan and Dylan is at Dylan underscore does underscore deals. Choose to follow and send us a DM to let us know what you think of the show.

Transcript generated automatically and may contain errors.

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