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Doug Sullinger

๐Ÿ‘ค Speaker
196 total appearances

Appearances Over Time

Podcast Appearances

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

So if I'm a multifamily person, if I'm building a restaurant, or if I'm gonna build a gas station, anything like that, we can then take the AI model, look at our financial model that we've built, which is proprietary and kick that, look at the data and kick that back and say, yes, on a scale of one to 100, we think that you have a 65 or 70% probability being successful.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

Now, here's the small things you need to change, maybe permitting, housing, traffic counts, something that needs to be changed.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

That's all you'll need to do to make this work for your particular use.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

So I really appreciate that.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

Doug, let me give you an example of what happened to one of our clients.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

He came to us and said, I would look at 50 different projects in a given month.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

And I might do the due diligence on one or two.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

With Bazel, he was literally able to flip that around.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

He now can go out and look at those 50.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

And he now knows by just looking at Bazel, it takes him a minute or two to look at it in Bazel.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

I can eliminate 45 of those.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

And now I just look at the 50 that actually worked for me.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

That's the real impact on an investor in this business.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

The data you're going to get, you're going to get to the data and almost everybody's going to get to the same data sets.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

All right.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

It's just how long is it going to take that?

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

The challenge you really run into is if a piece of property comes available and I'd say 70 plus percent of the properties that we sell here are off market.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

If that property may come available, what I mean by available, maybe there's been a change in the family, change in ownership or something.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

Something's happened that that property is now available, but it hasn't hit a listing site like a CoStar or anything like that.

The Digital Executive
Doug Sullinger: AI Is Reinventing Real Estate | Ep 1260

Most people will need to try to get to that as fast as they possibly can.