Justin Colby

Make sure all people know about the podcast. Also, as a reminder, there is a book I wrote. It has become a bestselling book, Flipping to Wealth. Flipping to Wealth is found on Amazon. It is out there for you guys. Please check it out. It will help greatly. It goes over my entire life story of the last 18 years in building this real estate business. So glad this helped.

Make sure all people know about the podcast. Also, as a reminder, there is a book I wrote. It has become a bestselling book, Flipping to Wealth. Flipping to Wealth is found on Amazon. It is out there for you guys. Please check it out. It will help greatly. It goes over my entire life story of the last 18 years in building this real estate business. So glad this helped.

Share it with two of your friends. We'll see you on the next episode. Peace.

Share it with two of your friends. We'll see you on the next episode. Peace.

Welcome back to the Science of Flipping Family. This episode is all about AI. I just recently had the blessing and fortunate opportunity to be speaking in front of a large group of real estate investors from hedge fund managers to syndicators to small fix and flippers. And the entire subject matter was about AI. How is AI going to affect our lives? precious real estate vertical.

Welcome back to the Science of Flipping Family. This episode is all about AI. I just recently had the blessing and fortunate opportunity to be speaking in front of a large group of real estate investors from hedge fund managers to syndicators to small fix and flippers. And the entire subject matter was about AI. How is AI going to affect our lives? precious real estate vertical.

And the cool part about this event is there was three other speakers, so to speak, we had a panel that we really had a lot of time to answer different ways that we believe AI can really impact us. And so I want to give you guys a little insight on what went down on this panel and how we were able to show AI being so powerful in the real estate space.

And the cool part about this event is there was three other speakers, so to speak, we had a panel that we really had a lot of time to answer different ways that we believe AI can really impact us. And so I want to give you guys a little insight on what went down on this panel and how we were able to show AI being so powerful in the real estate space.

Now, I know AI is kind of that key word right now, and it's the buzzword, and everyone's talking about AI and what platforms can do what. And trust me, everyone knows the major platforms. I get that. We didn't get too far into the major platforms like ChatGPT. Now, we did talk about prompt AI, right? Where you're prompting certain AI technology to do certain things. We talked about it.

Now, I know AI is kind of that key word right now, and it's the buzzword, and everyone's talking about AI and what platforms can do what. And trust me, everyone knows the major platforms. I get that. We didn't get too far into the major platforms like ChatGPT. Now, we did talk about prompt AI, right? Where you're prompting certain AI technology to do certain things. We talked about it.

But really... where we took the conversation was in a much larger scope, a much larger frame of the impact AI is going to have on real estate as a whole. One of the first questions the moderator asked us as the panel was, do we believe that AI is going to basically take over the space for real estate?

But really... where we took the conversation was in a much larger scope, a much larger frame of the impact AI is going to have on real estate as a whole. One of the first questions the moderator asked us as the panel was, do we believe that AI is going to basically take over the space for real estate?

which depending upon where you're at in your journey of real estate, that could be something you're thinking about. Maybe it's not, but it is something that some of the big players, the hedge fund managers, the very, very large syndicators, some of the banks, they had intrigue on that question. And the reason being is because if some of these larger players

which depending upon where you're at in your journey of real estate, that could be something you're thinking about. Maybe it's not, but it is something that some of the big players, the hedge fund managers, the very, very large syndicators, some of the banks, they had intrigue on that question. And the reason being is because if some of these larger players

The hedge funds, the banks, the syndicators, insurance companies had a really big intrigue on this question. Um, property management had a really big, uh, interest on this question because some of these larger players, and I'm talking about national property management, not mom and pop. I'm talking about national because they still rely so heavily on human capital. Okay.

The hedge funds, the banks, the syndicators, insurance companies had a really big intrigue on this question. Um, property management had a really big, uh, interest on this question because some of these larger players, and I'm talking about national property management, not mom and pop. I'm talking about national because they still rely so heavily on human capital. Okay.

And so I actually was the first one that spoke up about this and I kind of went off. Um, and the reason why I went off is because I believe, and it's just an opinion. I believe there will be no way to fully automate the real estate space. Now, do I firmly believe AIs come and is gonna play an impact and impact the real estate place? Yes. It's just too big, too smart, moving too fast.

And so I actually was the first one that spoke up about this and I kind of went off. Um, and the reason why I went off is because I believe, and it's just an opinion. I believe there will be no way to fully automate the real estate space. Now, do I firmly believe AIs come and is gonna play an impact and impact the real estate place? Yes. It's just too big, too smart, moving too fast.

It is gonna have a massive impact. I'm not ignorant to that. But still, my belief within the space is there's going to always have to be some human component inside each transaction. Right. We were talking about title companies was another one that had a massive interest in understanding is AI just going to take it over. And let me give you my perspective on this one thing.

It is gonna have a massive impact. I'm not ignorant to that. But still, my belief within the space is there's going to always have to be some human component inside each transaction. Right. We were talking about title companies was another one that had a massive interest in understanding is AI just going to take it over. And let me give you my perspective on this one thing.