Soldi Sync @ 6PM CT

4:00 PM - 5:37 PM PDT · 1 blocks

opusPlatypus

Executive Summary

The team held a product sync on Soldi, a real estate lead marketplace being built for Abdullah's network. Cam and Zak walked through the live app — auction floor, bidding, portfolio tracking, leaderboard gamification, and live chat — gathering product feedback from Abdullah and Abdul on lead quality scoring, auction duration (24hr consensus), and comp signals (ARV, sq footage, 70% rule). The core strategic debate centered on Soldi's identity: Abdul pushed for a simpler lead-buying model while Zak and Cam defended the longer-term eBay-style two-sided marketplace vision. The team aligned on a phased approach — seed the system with leads from Abdullah's existing providers and self-sourced ads first, prove the concept, then pursue platform partnerships. Email sequences were cut from the MVP scope. Next steps: start running Chicago-only ads this week at $10-20/day, get 5-10 beta users within 1-2 weeks, and continue building out Stripe credits and the bidding system.

Mind Map

mindmap
  root((Soldi Sync - June 2))
    Product Walkthrough
      Auction Floor
        Live bidding by geo and lead type
        Quality score index
        Live chat feature in progress
      Bidding System
        Buy now option
        Exclusive vs non-exclusive leads
        24hr auction duration
        Credit-based purchases via Stripe
      Portfolio and CRM
        Deal pipeline tracking
        Conversion metrics
        Lightweight CRM
      Leaderboard
        Gamification and social sharing
        Top spenders and closers
      Comparables
        ARV range
        Price per sq ft
        Flipper and landlord purchase data
      Sequences
        Cut from MVP
        Deferred to product roadmap
    Business Model Debate
      Two-sided marketplace vision
        eBay for real estate leads
        Platform fee on every transaction
      Abdul pushback
        Prefers simple lead buying
        Skeptical other PPL companies would join
      Resolution
        Prove concept first with own leads
        Build user base then pursue partnerships
    Lead Sourcing Strategy
      Self-run ads
        Meta and Google PPC
        Start Chicago only
      Cold call leads
        Separate tier with disclosure
        Lower price point
      Buy from existing providers
        Abdul getting $91 leads resold at $250
        365 Leads relationship
      Future platform partnerships
        Competitive revenue splits
        Leverage Abdullah brand
    Go-to-Market Plan
      Beta users in 1-2 weeks
        Abdullah providing 5-10 students
      Ads starting this week
        $10-20/day Chicago budget
      Marketing ideas
        Snapchat and Instagram ads
        Astroturfing strategy from Kalshi
        Interview-style content
    Meeting Issues
      Abdullah 40 min late
      Not at desk initially
      Need clearer meeting prep expectations
      

Action Items

Engineering / Platform Build

Ads and Marketing

User Acquisition and Testing

Lead Sourcing

Strategy and Planning

Pipeline: opus cleaned 1 block. opus synthesized the assembled transcript into structured insights.
opus — Cleaned Transcript opus
# Transcript: 2026-06-02

> 1 time blocks from 4:00 PM to 5:37 PM

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### Team sync on document submission
**4:00 PM - 5:37 PM PDT** | *meeting*

**Microphone:**
What's up, Kim? I accidentally submitted to Soldi by accident on the discovery. I accidentally pressed submit on the documentary build. Oh, whoops. That's okay, it's all stored in Cloudflare. It sounds like it's not an issue. I'm not sure if you looked by the time it had been pushed up, but I had added some additional stuff about setting up the site for inbound leads, for SEO and stuff.

Let's see here. Yeah, I'll try and jump in for the Soldi product walkthrough as much as I can and I'll share my screen, go through the questions with them. Sweet, sweet.

Yeah, I mean, we can just sort of page through. Although, part of it's like, I built this fucking walkthrough. Do we want to just walk through it like that? Or do we want to — I mean, I'll show them the app. You probably are able — I use the walkthrough a lot. You want to use the walkthrough? Yeah, what I was going to say is that the walkthrough actually —

Hey! Look who's back. What's up guys? What's up, what's up? Where you at, bro? He's joining in a second, he's downstairs in my apartment. Is he getting on the new phone? No, he needs to get us together with that, bro. Can you take this meeting from the car? You have to see shit. No, I'm right here, I just wanted to go get some bagels. I didn't have lunch. That's okay, you gotta be well fed for this meeting, so that's important. Minutes away, brother. That's even farther, bro. My office is right here. It's okay, it's okay. We better not go home at that point. Made do and accidentally pushed something.

All right, so we've got three things we want to show you. We've got the Soldi app — wait, can you hear us? It looks like you're going now. I should have been at it tweaking, but you just want to connect this to his TV or to his car. Connected now? Who the fuck is that? Abdullah? Bro, you look amazing, Abdullah. I didn't know. Golden hour lighting or something, I don't know.

Hey, what up? Oh, our asses are definitely needed. Hopefully. I hope to God. Well, I can't call another pretty — you gotta go crack the whip with Abdul. Not even at the crib, bro, he got students with him.

All right, well I'm gonna just page through the app while we're waiting here. No, no, yeah, yeah, yeah, go ahead. Yeah, just some light, you know. Let's see here. Oh, sorry, I'm roasting them. It's okay.

Abdul? Abdul. Yo. What up? Yo. We need you to know about this, bro. You get to the office and jump back in, how about that? That sound good? I can hear you guys. All right, you want to just go to the office and meet us when you're ready at a desk with the computer out? Yeah, I need five minutes. All right, take your time. No, no, don't take your time. Well, yeah, I mean, within reason, hopefully. No, bro. Make sure Abdul's there too. Abdul's at my crib, bro, I don't know what the fuck he's doing downstairs. That's what I'm saying — he's at your crib but he's not there. Make sure he's there. Yep, nah. I'm going to call it the ice, don't worry. Hurry up and get back in. All right, see you guys. Get back in. Yep.

God damn it, dude. The effort is a little not good. Yeah. Well. Of matters, he showed up on time at least. Uh-huh. Yes. Yeah, no, I know that was hard for him. Was he prepared and ready to go? Probably not, but yeah, at least he showed up. Should have made it more clear that he needs to be at a desk. Yeah, no, it's honestly my bad probably. You just — you should have — I've been boring, Cam. It's my fucking fault, dude. Shit.

I was hoping — it's just in the — it's okay, it's okay, it's okay. I've got some workflows in progress that I'm hoping will get finished before they're ready. I'm going to have to fire Duo Opera at this rate. You've got to manage someone else's money. Yeah, shit, I was really hoping that this was gonna have the —

I'm adding a live chat feature so that if you go into one of these auctions you can sort of like chat with anyone bidding, so you can be like, "Damn, I want this one," and it's like, "Nah, no, no. I want this one." Ooh. Yeah, so I'm pretty excited for that. I don't know where the fuck it went though, I swear I'd implemented it earlier, so I've got to figure that out. But you can imagine on this page you've got some —

What's missing, Cam? What's missing right now? What's missing is like the economic system behind it. There's no credits in the way that the system needs. So I'm just gonna set up the Stripe integration and allow you to say, okay, I want this many dollars in the system. So people got to pay up front to put money down, so there's no issue with like fucking escrow, basically, or the equivalent to escrow in our bidding markets. There's obviously some battle testing stuff, which is like multiple users on the same site bidding for the same property — or lead for that property — so we're gonna test that in the coming weeks. We're gonna get some free images.

Yeah, can we get some users in the platform this week? What, this week? And maybe to like click around and stuff? Sure. Buying properties? No, or buying leads? Yeah, but yes, totally. We can get people signed up. We should be able to sign up today, you know, where things are currently set up. Let's not encourage Abdullah to do that just yet, but you know, currently he can technically do it — we're not going to stop him from doing it. But there's just a handful of things that we're going to want to sort out. The comparable stuff, I want some additional features.

Feedback from Abdullah — I think I started a question about that. I asked her a question, if you could hit those. All right, cool. I think more time — I think it was just, we don't need to rush it. It can be longer. I'd rather go over the fucking — I'd rather be thorough as opposed to be fast, you know.

And then also, we're running the floor. Page 10, page 11 on the discovery is empty, the specs, which is fine. Oh, where? Sorry, I need to — it's just a placeholder. It's all good. It just says "spec" in the docs. Product walkthrough, page 9 and 10. Oh yeah. So this is what's missing right now, right? So these are the two things. It's funding the floor, so putting up your money. That's what I was saying. And then there's the running the floor, which is like the admin panel basically. Like how are leads getting added into the system? How do you set the price? And that's it.

And then there's a bunch of these open questions about the product here that'll sort of just — I think it's coming together, dude. It's coming together. What can I say, I'm kind of good at building apps now. I don't think it's you. This is our work. We're good at building apps. That's what I'm saying. I know.

Yeah, I didn't hear it weird, the first statement. What I said — we. I said we. Don't make me pull up Platypus, dude.

Abdullah just joins and then drives. It's like I heard Platypus got dipped. Yeah, just like on something. It should be a — oh shit, I do have the messaging up. It's just not like live. I was gonna say, I was like, fuck man, there's no way I forgot that. Yeah, see here, if you click this — which, where the fuck did it go? There is a way to sort of like display the messages here. I don't know, where the fuck — seriously, bro.

If Abdullah's at the office before Ray's back on the fucking phone, we might have to push this fucking meeting. Do you have a WU by the way? Yes I do. 7,000. Oh, it worked? 301 plus 210 minus 15. Minus 15. 50, 15, 15, 15. Can you just do the math real quick? And this can be — how much do I — oh damn it, I'm missing — I'm going to charge your commission for anything. Better go get a dual too.

I'm doing — where the hell you been at, my guy? Well, it's good, mate. Where the fuck your brother at? Where your brother joined, bro? In the call with Danielle. You can't hear us? Why can't you come rob this thing, bro? Now, yes.

Oh shit. Can you hear me? Yeah. What's up, Mr. Bell? What's up, my bad, Roman. A little bit of meeting, a little bit over the board. It's all good man, I'm glad to see ya. What's going on, man?

We told him to get to a fucking office because we couldn't have them in the Lambo with the fucking students, and so he's going to the office right now to get into a stable spot here.

How's your trip, man? Oh yeah, bro. You hit Italy and Morocco, all that? Yeah, I went to Italy on the day. Cuomo. And I went to Spain, man. Yeah, shit sounds sweet, dude. I'm jealous. Bring me next time.

Yeah, so Zak told me you went through the wilderness. Go where, what? The Wilders? Oh yeah. I can't — but dude, look at this sunburn, man. It's fucking crazy, dude. That's my arm. That's like — wow. It's crazy. I'm just like fucking right down here. It's like I got a horse cock on my arm. Sorry, what? Yeah, sorry. I get carried away sometimes. Wow.

I did go camping this weekend. Did you enjoy? Unplugged a bit. What was that? Did you enjoy? Oh yeah, it was great. I hadn't been camping in over 10 years basically, except for my ex-girlfriend brought me camping once, but it was like — you know what glamping is? No. It's like glamorous camping. That was like the closest thing I had done to camping previously in the last 10 years.

But yeah, it was nice to reconnect with my roots. I also hadn't let my phone die and stay uncharged for longer than 24 hours in 10 years either. So it was crazy to just like unplug, not look at my phone, not be on the computer. It's like a mental break. Yes, totally. That wasn't the point or the plan, but that ended up being what happened. So I'm glad about it.

But we got a lot to do, obviously. So, you know, got back, got straight to it, hopped on with Zak. Said, man, how's the app coming, Zak? How are you? How's programming the — yeah, I know. Thanks for the invite, Zak.

Yeah, he was hard at work over in Arizona figuring out his escape plan. Figuring out how to get the phone out of Chicago, bro. Yep. Which is what we're doing right now on this call. This is how we're gonna get everyone out of Chicago and into Miami. You got another job too?

But yeah. Oh yeah, I'll do that back, guys. I'm working for Plex, which is my dad's company. I'm doing some — what was that? So you're busy all day? Oh yeah, man, I'm working 14 to 16 hours a day. Wow.

You've been able to do a dinner? What? I have been going to the gym. I did fall off a little bit though. You would be very sad. I was doing so well and like the last two or three weeks I just haven't been on my grind. So I really need to get back to it. I'm missing it bad. Have you been good on that? I'm going to go back. I'm starting back. You're getting back in the habit too? Okay, good. I'll hold you to it.

Me and Zak are going to — scored five. Ride yesterday. I just bought a bike too. No way! An e-bike? Yeah, mine is Segway. Oh, sick dude, those are fun. That'll be good to just, you know, get the blood flowing, travel around. You know, sometimes it's kind of a pain in the ass.

Chicago, bro, the lakeshore is a beautiful view, bro. Oh yeah. I mean it's like one of the best places to bike in this fucking country, I swear to God. Yeah, 100%. I miss that. I used to bike so much and I haven't touched a bike in months now. It's sad. You've been biking all the time since you were a toddler, right? Well, yeah, dude. I used to bike everywhere, solely biking.

Basically no Ubers, no train, just bikes. I did a thousand miles on the Divvy bikes, bro.

So you go through the whole city?

Yeah. There's not many parts of Chicago that I haven't biked through, including the parts that you're not supposed to bike through. I have almost gotten killed on the bike too.

For real?

Yeah.

Is it dangerous biking?

Oh yeah. I mean, it just depends on where you're doing it, at what time, and how well you bike. You know, if there's bike lanes, you're usually pretty safe. But there's some parts of town where you're going and suddenly there's only one lane for you and the car to be on. There's no place for you to go to the side, and you basically have to share the lane with the car, and that's when it gets really dangerous. Like Irving Park Road, for example, there's a lot of parts on Irving where there's just nowhere to bike safely unless you go on the sidewalk. So it can be a little dangerous in that sense.

And they don't have a bike lane?

Basically there's nowhere for the bike to go. So you have to bike where the cars are. And that's got to be the most dangerous way to bike in Chicago for sure. But if you just ride in the middle of the lane, dead center, like blocking the cars, it's safer than if you were on the side slightly making it look like there's a bike lane. So you basically have to block traffic in order to get through safely.

Anyways, it keeps things exciting, Abdul, you know? The spice of life is the excitement that, you know, a road-raging driver at 6 p.m. brings.

What was that, Jackie yelling? Cursing him out?

Yeah, Zak would be doing that if he was riding a bike, if he was in a car, or if he was on a horse. Zak is just cursing people out. If he's got something to say, he's got something to say.

Oh God. But yeah, I need to get out to Chicago again, man. I think we got to schedule a bike ride at the very least.

Yeah bro, I got this — I have a regular bike but I want to get the electric one, bro.

Yeah, me too, man.

It was a little bit expensive though, it was like $1,700.

Yeah, that is pretty pricey. Although a good bike is usually like $1,000 to $2,000 bucks, so it's not like insane. But it is expensive, obviously. Nobody's throwing around two bands on a bike willy-nilly. But I'm like, bro, whatever. It'll give me some cardio, you know?

No, I mean, you gotta look at it almost like buying a gym membership. You know, like you could spend $1,200 a year going to Lifetime, and obviously you can still do that, but you know, you can get some shitty gym membership or you can bike everywhere — you have a mode of transportation and it burns calories. I also like to bike. I feel like for me it's a stress reliever.

Totally, man. You know what a runner's high is?

Yeah, it's like that. You know, just get the hormones flowing, get a little dopamine release.

Well, talking about this is making me miss a workout. Like I'm craving it now.

The time goes by so fast, bro. No fucking kidding, man.

So what, do you work from like eight to eight?

Yeah, basically. I mean, sometimes since as early as 6 a.m. because I'm doing work in Chicago. That's like my main job, is Chicago, and then...

How is that going? Because they're going to go out of business? Are they doing better? Or do you think it's a stable job?

They fired my only coworker. So I'm like the only employee left at the company.

Wow.

Yeah, so they basically told me that I am going to be at the company as long as the company exists. I am the person of last resort.

Is he done? Yeah, but he thinks he's at a rap music shoot and then making sure he's fucking two hours late.

Abdul, I forgot what I was talking about. All this fucking 50 Cent got me distracted.

Okay, so now — I mean, I'm sure he's just driving the 25 minutes he needs to go to the fucking office or whatever. I don't need to hold the house. I'm going to take a piss.

Abdul, how does that sound, by the way?

Good. You have everybody here?

Oh cool. Yeah, I was just gonna say, Jersey Mike's is great because it's one of my favorite sandwiches. I don't know if we made it well this time but I hope that it did.

Yeah, the people are pretty good. But you know how it is now, I don't know how long it's going to take. Whatever. Then we gotta reschedule?

I'm hoping we can get it done. I do gotta finish up some taxes and stuff too. So I'm gonna work until like 8, 8:30, but I'm gonna do it tomorrow too. I mean, I think we're gonna do it tomorrow. All on the same page, we want to get this show on the road for sure.

His phone is busy. He's on the call with us. He has multiple phones. I mean, I really can't do anything. He hasn't said anything at all, you know?

What was the craziest promotion? This happens on Google PPC right now, guys — if you spend a thousand dollars, they're giving you twenty thousand dollars in ad credit.

What on earth? A thousand dollars in two months?

And again, if you're eligible, they give you twenty thousand dollars, bro.

What do you have to be eligible for?

Not much, just like a new account basically.

Yeah, which means we're totally good for this if we wanted to blow ten bands on ads, you know?

Yeah, I had a company that was doing it right now. Holy — I screwed up.

What do you mean?

I just screwed up. I locked myself out.

Oh dude, I can get you in there. What door you at?

The business center.

Oh man. Getting the key from my guy. We're getting there, man. But the days go by so fast, bro.

Yeah dude, you wake up at 1 p.m. summertime.

I woke up at 10 and I called you.

No, you called me at like 12, bro.

No I didn't, check your logs, man. I want to get a haircut. Love and support.

He's right, but he was in bed though. So what time did you actually wake him up? Did you go back to sleep? No, I was already taking calls from before I called you. Probably like, I checked my phone, looking at some properties. Easy money. Me too, brother, no, it sounds like it.

What's going on with the trainer, bro? Where do you go, bro? What do you mean? I'm down, I'm down, bro. We have to go out to the line. Let's get it, bro, I'm looking like blue clothes, bro. I'm trying to do jiu-jitsu too, you trying to do jiu-jitsu?

Wait, wait, wait, Abdul, before you snuck down, where are you, bro? Don't smoke that in the garage, man. That's not a smart thing to do, bro. What are you doing, man? Bro, can you not smoke that in the garage, man? Bro, I'm telling you guys, it'll get me fucking popped, dude, especially at fucking 6 PM, bro. Come on, man, don't worry. Whoops. I apologize. Is it good? It happens. To the best of us.

I love the easy money. What the frickity frick for? Just take the keys and go by outside. You're right there. Yeah, yeah.

I'm gonna close the corner real quick. What are you doing? All right, this portion of the meeting, man, goes out in the main town. Next week's, use anything, telling? Yep, sounds like a plan. All right, Abdul, wrap it. Next week, Tuesday, same time, I guess. I think we should push it for like tomorrow. They're not gonna do it.

Are you coming back down or are you going to go home? No, I'm coming back down. Yeah, let's push to tomorrow. I do want to get it started. I mean...

Well, hey, Abdul, just to clarify, we're not stuck and we're not waiting for anything. Zak told me today that we want to run ads, start running ads, as he told me. No, we do, we do. But this is more just like a sync-up. Here's what's done. Here's the plan for the next four weeks, which includes ads. That's why he called you about that today. We just wanted to make sure that we're all on the same page about what's happening, what our plan is, and what we can expect over the next couple of weeks.

Yeah, because we've got a busy month ahead of us. We're trying to bring on beta testers. We're trying to start sourcing leads. And we're trying to get this engine rolling and figure out very quickly what's going to work, what's not going to work. And we're going to do that regardless of whether fucking Abdullah can make it to this call right now. But in the interim, that was all we really wanted to discuss and make sure we're all up to speed.

For the love of God, bro, can you stop smoking a cigarette, bro? I don't understand why you keep fucking doing it. Just put it out and go outside. I am, I am. Oh, it's done. Hey, it's the thought that counts. It's the thought that counts, okay?

Yeah, so I mean, we're already sort of on the same page about the ads plan. We know exactly what we're targeting. It's a very closed problem set for what we're trying to do. Find distressed property owners trying to sell their houses. Those leads, we sell them on the platform. We're going to seed the system with leads that we're already getting from your existing providers and just sell them at a markup.

It's no point in saying anything, bro. It ain't no point, bro. I'll just wait. It's for the fucking recording. I'm not going to wait for Abdullah at this point. We're going to reschedule it because it's 45 minutes past when our call was supposed to start. That's good. But I was saying it for our transcription.

We can reschedule it for tomorrow, all around the same time. I can't do it tomorrow, bro, I'm busy tomorrow. You know, I'll be out of here, I have to get to the gym tomorrow at this time with my homie. Okay, well I'm gonna wait 10 more minutes and we're gonna hope — let me just text him to see if we can hold on. Just tell him to be honest. Is today going to work or do we need to reschedule for later this week?

Is this nigga retarded, bro? Is it in the coffee? Okay, put the sandwich in the coffee. Okay, no, not that, but three years ago — toss the other half of the sandwich in the fridge.

Oh, there he is. My goodness, bro. So it's literally, I got my money tied in and then these properties still — I think he got four closings or whatever, or the lender took the money back. So right now we really don't even know if we're gonna get our money back or not. Wow. Yes.

All right, I'm here. That nigga, bro. I did not want her to join and say — I'd rather hear him not join at this point and be on a call for 20 minutes. I get you. I get you. This is what I could do for you. I'll speak with the team.

I beat it again, guys. Hey, they said B2C, Cam. They said B2C. Like, we're leveling up. We're going B2B with this one, guys.

That was crazy. You can smoke cigarettes, so you're being a hostage, please. The series don't point easy.

Oh, my bad. Yeah, what's up, brother? Donnell's here. Think about it, he's a lot, man. My guys. All right, my guys. So, you know, a little 40 minutes, a little late here. Should we reschedule for more locked in?

Just do it, I'm locked in, I'm in the office. I know, bro, it's just loud, there's other people around you, you're getting calls, you know what I mean? If you're sure about this — I'm ready, brother. Well, we'll make it quick.

I think we're all sort of on the same page as far as approximately where things stand and what our plan is, but we'll just sort of walk through what's been put together. What is going to happen over the next couple of weeks, what needs to be done by everyone here, and what steps are going to need to be taken to go from here to a go-live date. So without further ado, I'll just sort of page through the system as it exists today. You'll recognize some of this stuff from the mock-ups, but in essence...

One more thing, Abdul, if you want to follow along, I've got the link right here. Go ahead and click that link. That's the log information that's needed. So that is the demo app basically, and this is the walkthrough that I'm going to be showing us right now. I know both are relevant here.

Yeah, so I've got the second link pulled up here. And this first page is the auction floor. This is where anyone coming to our site will go and they'll see leads from various geos, different states, whether it's pre-foreclosure, divorce, what have you, the equity for those properties, and some sort of custom proprietary match score about how good a lead is. This is where there's a couple questions for you, Abdullah and Abdul, about what makes a good lead and what are the aspects and attributes that we're going to want to rank higher versus other leads. We've got some questions at the end we're gonna run through with you guys.

So you showed me the link so I could click this? Yes, it's all in the chat. If you click on the second one, there's a walkthrough and you can just page along with me. Okay, getting that open right now. Okay, I have it open. All right, great. Yeah, so I'm on page two right now. I got it open for Abdullah right now.

So live auction, the first of live auction, average price. Okay. I mean, he's sharing a screen. He's going to go over it with the screen. Yeah, so we'll go over all of it. If you have any questions, we'll stop. But it should all be pretty intuitive to you guys.

Oh shit, I'm not even sharing the right screen here, my bad. That's exactly right, yeah, that's why I sent the original link, Cam. Yeah, that's my bad, that's why I sent the link for the login. Good, yeah, here we go.

So these are the live auction floors, separated by the areas and the types of leads that are coming through. Why is the seller distressed, what's the equity situation, and other potential factors that might make a lead more relevant or less relevant. That's where we'll ask you a couple questions about what makes a lead good.

Moving on, this is sort of like the bid page. Here we'll have some free images online from properties that we just sort of grab based on wherever the address is, so we can show where's the property, what's it look like. This shows a couple interesting metrics — the equity, the price per square foot, bed, bath, your basic financials. Our system believes that the equity is good or the motivation for the seller might be interesting for someone looking. This is a bid history graph.

How is that determined, by the form they fill out? The lead form they fill out? Basically, we'll have an intake form for anyone that's coming from the local search ads online. And they'll be sent to a site that looks sort of like this, except it's basically just "you're looking to sell your property, fill out this form, we'll do the rest." And that's how we'll take the information and determine the quality.

Yeah, which I — we'll go over that. Sorry, Zak. No, I'm just gonna say, we can mess around with what the quality score index is, right? We can kind of mess around with that. You can call it AI score or whatever the fuck you want. We can get some magic with it.

We're also adding live chat features. Anyone can go and say, oh, I want this lead, or whatever. And people will be able to chat, say, no, I want this shit, or, you know, I'm putting down 500 for this one. Stuff like that to create the social aspects, allow people to interact with one another in the context of the bidding process.

You don't be raw, bro. Whoever buys the lead closes the deal. We should have another marketplace where they could just upload and sell their deal too. I love that. On the same platform. So it's like not just buying leads — buying leads, closing the deal, and now it's on the marketplace for sale. Yeah, that's great. Investors coming in, flippers coming in, they're buying shit, they're buying data, I mean they're buying leads from us, and also they're buying property. So that way the wholesalers and stuff that are on the platform are not just buying the list, buying the leads. If they missed out on it, they have an opportunity to buy the property.

I love that idea. And they have one company called iSpeed You Lead, and they have another company — they call it Deal. If you want to search them up, iSpeed You Lead. They don't do that though. They have a disposition center too. They don't do disposition on their website. Yeah, they have high speed to lead. The other website is Dispo.

Just put "my lead." Yeah, basically "our sold" means money, which means bro, just on one platform. Because we have the same thing, we have Home Run Equity, right? So here you can — okay, buy the lead.

Cam, that's a nice property. That's a nice property, Cam. Yeah, you like it? East Camelback Road. Yes, sir. Yeah, there it is. Arizona. Yeah, there it is. Yeah, this is my sister's place. I'm kidding.

There's a couple Easter eggs here, like, you know, the names and references. It's all just stuff that only you guys would know about. And not like — yeah, it's like Call of Duty.

It's like Call of Duty zombie drug in a day, right? Yes, I mean like, you know, five hours running till level 70, doing all the easter eggs, finding every little fucking thing. Exactly, every little thing. Abdullah was going down at level four, dude, what are you talking about? Yeah, all right.

And so just moving on a little bit here and sort of playing into what you're talking about, Abdullah, we have this page where you're supposed to be able to manage your pipeline. And here are the deals that I purchased in the system. Here's my expected value of that lead when we flip the property. You know, go through, filter what's coming up, what's potentially stale, what's under contract. You know, a lightweight CRM. Yes, exactly, a lightweight CRM. And this plays into exactly what you're talking about where like, can we control the entire ecosystem from lead to property sale? And we can continue to incorporate more and more of the process for both sides of the equation.

You know, then what we could do once it's under contract — they should be able to list the property on our platform. And what's under contract, boom, under contract, you know. Yeah, I'll need to look into that because there might be some regulatory stuff that we would want to avoid, but I love the idea and I'll do some research to see what that would require. Exactly. But I think for now, we should plan on trying to integrate something like that, at least for the time being. We'll move under the assumption and then I'll build something out here.

Here's the portfolio page. Another way to sort of track your metrics. I'll bring it up here. But like, you can imagine we're tracking all these deals. What's paid, what's turning into value for the customer? How many leads have I purchased? How many of them converted? And what am I paying for those leads? And allowing people to sort of aggregate their data on these different timelines and look, you know, like, okay, here's how I'm doing over the last 30 days, here's how I'm doing over the last three months. And giving them a place to go and look at all of the ways that they're gathering through the platform.

This is another page where I think there's just a couple things that your guys' expertise here would be really valuable to figure out, like what are the most important stats to display to people? And like, what do people care about most? What do you care about most when you go to a page like this? And so we'll gather some questions or answers to questions from you guys on what your preferences are.

Here's the sort of — this is my favorite page so far. We added it recently. This is the leaderboard. This is what we're hoping sort of gamifies the process a little bit and allows people to sort of flex, for lack of a better word. You know, who is the big spender on our platform? Who's turning leads into wins?

Abdul will be fucking top number one on that, like four different companies. Oh, we gotta be fucking tough. Yeah, no, there's no chance. Well, I got clients in each of colors that have more callers than us. Yeah. Oh shit. I had a guy that had 40 callers, 20 callers, 8 callers. I got a guy that's spending 10K a month right now. I got a guy that's spending fucking 40, 50K a month. Like, I got fucking spenders, bro.

Well, we gotta get them in our system, that's what's missing. We just gotta give them the platform to do it on. So you can imagine how this could be really fun. We might add some features where you can share it to social media. So you can say, oh, I'm number one on the leaderboard, or I'm number one in this geography, or I closed more deals than anyone else on Soldi this week. You know, things like that that might encourage sharing on social media.

I saw fucking Kalshi on fucking all over fucking Snapchat. And they're like, you know, hey, what if I told you that you could fucking make money by knowing whether it's going to snow today? Yes, people are betting on the weather. Oh no way, I do that shit.

Two fucking people, two kids running around saying, oh yeah, you could do that. Hey, what if I told you to make money in real estate? There's a platform called Soldi where you can learn how to make fucking gifts, you know, shit like that, bro. Exactly. On the ads, spend a thousand dollars a day, you know, fucking — after we test it, spend 50 bucks, 200 bucks. But that's why we have to do it.

No, that is the key. And I think you're getting at something super important, which is that we gotta be on Snapchat, Instagram. We gotta be fucking running ads. I think the ads portion of this, both for sourcing leads and for bringing users, is going to be huge.

And if we can sort of — do you guys know what astroturfing is? No. It's basically like, imagine if I was Kalshi and I sneak into a room where everyone thinks they're just normal people, but I'm secretly working for Kalshi, and I go and I say, you know what happened this week? I made like $5,000 on a bet I made on Kalshi. And everyone's like, whoa, how'd you do that? It's like, oh, so easy. I just went on my phone and downloaded this app and I made the bet and I knew it was going to happen. I made 5,000 bucks. And nobody knows that it's actually Kalshi secretly advertising to them.

And I think that is the key to how we want to advertise Soldi. People don't even know. Go to the back end, go to Meta back end, look at all the ads Kalshi's running. Remake them. I mean, I think so. I think that is the key. We should just take a page out of their book and copy them word for word, bar for bar, because we know it works and we know people are interested by this type of advertisement. So it plays to a lot of our strengths here if we can capitalize on this existing advertisement strategy on socials and drive a lot of traffic our way.

So that's a really exciting prospect. Here's just like a simple activity feed. You know, I win a couple of bids, it tells me.

So question, Cam — are we, because I was talking to Zak, right? So I did sign up with a new platform. There's some guy named Courtney. He does Facebook ads. He's been doing it for a couple years, he's been over like — he said he spent about 30 million dollars on ad spend. And he also does have a Facebook ad course for like fifteen hundred dollars and he shows you all the stuff that he does.

I'm talking about this, bro. We're doing the same thing, bro. He probably built it using Claude, bro. We can get the same answer through Soldi. That's fine, that's fine.

Are we gonna be doing just — right now what people are doing is Meta leads, right? Right now I'm using Chicago House 360, which is the other platform I'm paying $250 right now, but now some other platform is like $90 a lead. So I know nationwide, if you want a nationwide campaign, usually it's between like 50 to 70 bucks a lead. Do we want to go nationwide to some bumble area, or should we target like 10 or 15 metropolitan areas? For example, right now we don't know our cost per lead. Or should we stick in Chicago so we can see?

Usually how he did it is that he got my deposit of five thousand dollars. Basically you can pay $250 a lead, or you can buy a 5K package which will give you like five or ten more leads for free. He only gave me 10 more leads for free, and that came out to $162. So our goal should be, if we can have people coming out the gate and give us five grand instead of $250 a customer — okay cool, I'm saving about 80 bucks a lead. But for him, he got the $5,000 and then he started marketing in the area, because in the beginning it was slow. But he said it takes about 72 hours or whatever timeline to get the leads going, and he said it's all exclusive leads to me.

But that's the way that people are doing it — as exclusive. Or we can still do it like how Properti does it, where we have a setup that is a bidding system. Some people like the bidding system. Obviously we don't have to test and trial on what it is, but if somebody wants to give us like 5K upfront or something like that, a package, then we can be like, hey cool, these leads that are gonna come in, it's only gonna be exclusive to you. We can also have those type of clients too. That's just my thoughts on that side.

Yeah, so I think your ideas are great and are totally sound and align a lot with what we're trying to do. I think as far as this $5,000 lead package thing, I think the way that—

Or like a $2,000 or whatever package we make.

Well, so I'll tell you right now, it's probably not going to work exactly the way you describe, but what we're going to do — and I'll get to this in this little presentation here — basically, in order to buy bids or leads in the system currently, in the Soldi system, you need to put down money. You're getting credits. And what we might be able to do is offer special credits for certain types of leads, like exclusive leads, where you might pay a little extra, or you might have to put down a little bit more money than you normally would, and you get access to this different class of leads. And there also might be another way where we can say, oh, you're spending this much money, let's give you a 5% discount on your credits. So you spend a dollar in the system, it only costs you 95 cents. Systems like that — because we control the currency in the system, we can control what value that delivers to the user. And that might be how we play around with that and experiment with those potential lead strategies.

But you're getting at one of the core elements of this business, which is that we need to figure out a system that is going to constantly seed Soldi with leads. And there's three ways to attack that, right?

Number one is our ads and the stuff we do. Number two is going to be a second layer that I think could work — I've been talking about this — a cold call option layer, where we can sell cold call leads on the platform. We don't have to tell them it's a cold call lead? Yes, we do. We absolutely do. Because they are going to be worse leads, and if you call them, they're going to be like, hey, you filled out a form. And they're going to be like, yeah, we didn't fill out a form, we got a fucking random cold call. We have to let them know it's a cold call lead, and we charge accordingly for that lead.

And then the third way is by you partnering up with these companies and buying these leads from them at a fucking very steep discount. You already have the relationship across these firms — all you have to do is buy more leads from them, get a really competitive rate, then we can resell them on our platform. Number three.

And then fourth, you try and get in contact with the people who are running these tools or in these platforms and get them to actually sell their leads on Soldi as well, as you start to do business with them.

So there's four different ways that I see this shit filling the system with leads. And each of these distinctly is going to fill the leads in Soldi at different times. So right now the ad stuff is not going to be, you know, majority of it — maybe 5%.

Right now the majority of it's going to be these cold call leads and the fucking leads we get from you, Abdul. Yesterday you showed me 91 bucks a lead from 365 leads. We want to get those leads, put them in the system, and it's all up for 100 bucks. You said PropStream sells the exact same leads for 250. No, yeah, they sell for 250. There you go. I mean, $91 leads that you're getting for $250 right now, right? So that's number one, that's what we have to focus on. Go ahead, Cam.

Yeah, I was just going to add one important thing about the way that we're building this system — it makes sure that we make money no matter which way the transaction is heading. And what I mean by that is no matter what, Soldi takes a fee for a lead changing hands. So it doesn't matter how much the lead is getting sold for. We might be sourcing the leads and making a profit on that, but no matter what, if the lead is changing hands in our system, we're making a cut on that. It's probably five percent, maybe it's ten percent, I haven't figured out the exact number.

Are you saying that we should — are you saying that we're not people running the ads, that we should get other people, other companies, to provide the leads to us? I don't know why they would do that.

To have the platform. So the idea is that you might be able to get more money for the same leads on a different platform, and Soldi creates this.

Who's gonna give us any lead, bro? Why would they give us leads? They're selling their own leads.

Well no, why would we get more? For authority established. Listen, a couple different things, right? This gives people access to the list network, number one. So if these individuals who are running these companies value Abdullah's fucking place in the market, they're going to know that his team and his people and his connections are using this fucking platform. And they want to tap into this man's fucking connections, bro. If I was running a fucking PPL company, bro, no matter how many people I had on it — 500, a thousand — and I heard and I saw Abdullah was fucking turning his old PPL into something where I could fucking make money with him, bro, partner up with him in a way, I mean, that's a no-brainer, right?

It's not just like, hey — we're not trying to take money out of their pocket. We're just trying to create another place for them to sell the leads.

Exactly. Why? Because if they sell us a lead, they're gonna put that same lead in their platform too. Which is fine. That's fine. I bet you Soldi gets to sell faster, right? Now that's what we think — that we have enough time so we can get to the point where we could have had our fucking shit sell faster than their shit. They see that happening, they're gonna be pushing.

But I mean, in that case they already have established clientele. We don't have anybody yet. That's why we have to seed the system with our leads too, you know? We buy and then we use it. It's a two-sided marketplace, and it also gives them a second vertical to make money on, right? They get to make money.

It's amazing how I found these companies, bro. They all targeted me on a Facebook ad. So are we gonna run ads on getting wholesalers or flippers?

That's what the whole marketing and brand strategy we would do with Abdullah, right? And we were running ads on the back end to get people to set up with their home that they're just fresh property. But in terms of Soldi, like the actual Soldi ad, we could run ads for Soldi if you wanted to, but I think at first we have enough firepower that we can just go through Abdullah for now. Me and Cam and Abdullah can come up with a unique game plan, come up with some copy, choose some shit, recreate their online presence throughout and get them going.

Yeah, so I think it's important to think about Soldi. What we're trying to do is, yes, part of this launch will require us to go and source leads, and yes, part of this launch will require us to market and bring users into the platform. But really we're trying to create a platform where people are able to distribute, sell, and buy leads. We don't care where the leads are coming from as long as they're advertised as what they say, and people are paying the fair price that the market decides, and as long as we got our cut, it doesn't fucking matter. And that's where economies of scale become extremely powerful.

Yeah, exactly. You have a thousand users, they buy one lead a day, you only get maybe five bucks on every lead. But then you grow your user base to ten thousand, each buys one lead, then suddenly you're making $50,000 a day. And then you 10x that, then you're making $500,000 a day just because you're only helping a group of people sell or buy one lead more than they would have without Soldi. It's all just making it easier for people to do what they were already going to do on a different platform.

We got to run our own campaigns. We got to sell our own shit. I honestly don't see how they're going to, you know?

Well no, that's how we start. We prove out the concept. We show, hey — exactly. We prove this out. Listen, we prove out the concept. We build the fucking user base. We build a fucking place where people are like, holy shit, leads get sold.

On Soldi, right, whether it's a wholesaler who goes there or a person who owns a PPL company, we're going to build it into a brand where eventually we make it a two-sided marketplace and double up our fucking revenue. We go from just our own stuff, build that client base, become big enough, get enough people using the platform, moving up leads, that they see that they want to join. We don't want revenue. That's what happened with ISP to Lead. ISP to Lead started doing it to where if you're a call center, if you are a marketer or whatever it is, sell us your leads, we'll sell them on our platform and we'll do a 60/40 split. We're doing much more competitive splits for a whole bunch — I mean, we're gonna mop the fucking floor. If they're doing a 40/60 split, because we're telling you bro, we come in lowest. Fuck dude, I'm telling you, we scoop up the market and then we raise the prices later on when everyone's addicted, everyone's on this shit. We raise the prices for them, bro. But as of right now, we get them in the door a couple percent — one of the easiest and best places and one of the most confident places that you know your leads will get sold.

We gotta get females who know marketing for this shit. Yeah, I mean, Damn is the one that is great at picking everybody, you know, like interview style. We got to do the interview style because culturally that's what it is, bro, it's interview style.

Well, and Abdullah, that is part of the reason why you're so critical to this, because you understand the market and how people are getting products like this into more people's hands better than anyone else here. And I think with a very targeted marketing plan, we can run short — 30, 40, 50K aside from marketing, bro. We'll go ham on the shit, you know? We'll continue to ramp up. We bring in more users, we start catching traction, we start throwing money in the right direction. And you guys know what the flywheel is? It's like you start spinning it and suddenly your business is growing and you literally can't stop it. It's just snowballing bigger and bigger.

What are you doing? Can you guys hear my screen? Yeah. Okay. I was going to get through these questions. Can you — if you want to finish the program, should you go ahead? I didn't stop. Yeah. So I want to make sure we get those. Yeah, all the questions are also in here, and we can just sort of walk through them at any point.

But anyways, here's the comparable stuff. We had sort of got a question. I've gone over this before. I think this probably needs a little work just because — yeah, let's think about it because it's most important for you. There's more to the comparables here where we might be able to sort of show something interesting that people would actually get value from. I'm not exactly sure if this is doing it, but this is what's currently being generated — similar properties, you know.

I was on a call with someone and they just built a platform. And this platform, how it works, if you type in the property address, it'll give you the comparables and it also will tell you which flippers have bought it, how much they bought it for, and what landlords are buying properties for. So we could have it showing flippers are buying for this much, landlords are buying for this much. So it's like an ARV value, automatically, before you even run the comps. If you get it for — it might be verbatim, like "do comps," it'll do comps for you. This price — bro, you already know it's gonna sell.

Yeah, I mean, so I can absolutely look into sourcing that data and that's exactly the sort of feedback I'm looking for, which is like, oh yes, this would make it much more valuable. I mean, I think we're pretty close here as far as —

If you go to ISP to Lead, you can see how they're doing it. If you want to check it out real quick — when you buy a lead, to make a user account is free. You'll see how they sell the leads. So you guys first, bro, and he doesn't know what the heck to do, what to offer, what this is. This is an example that I want to give you. Yep. You go down to what you need. You'll see how they do it.

Exclusively, okay cool cool. Open details. You can make it through your account. Sure, sure. You're going to have to give me some videos.

Also have like a coupon club — if you want to register the coupon, if you want to do monthly, you know, like if you're a partner, a subscription model. You pay like a hundred bucks a month and then you get cold call leads, a coupon lead for 30 bucks a lead. That's a good promotion, right? We got new promotions that encourage people to buy more.

Yeah, I think that's where we'll have a lot of latitude as far as what can we do and what can we experiment with.

Frankly, I have no idea what the fuck happened here. It made me sign up and then it took me to book a demo. Here we go, pretty good, pretty good.

Okay, yeah. So there's a lot to learn from these other platforms for sure. I think we're going to want to challenge everything we understand about what other companies are doing and try and think differently. Because we know that these are profitable models, but what is going to take it to the next level? What's going to make it mainstream? What's going to completely change how people think about real estate and real estate wholesaling with this application? That's what turns this from a million dollar conversation into a billion dollar conversation.

That's the thing, bro, in general, because it's not just the wholesalers that are going to be on our thing. It's people that are going to be flippers, people that want to buy and hold. You want to buy a house? Go to fucking Soldi.

And if you want a fucking deal, go to Soldi. You know, it's not just wholesalers, bro. Yeah, no, you want to tap into every motherfucker that wants to do real estate.

All right, in an effort to save some time, let's go ahead to the next one. So what's next here? This is the sequence of stuff. I'm not going to spend too much time on it. This is like what we had spoken about, we're still figuring it out. Yeah, it's like the classic sequences — really lightweight sequences you can run for folks. Like emails, text messages, super simple. "This property — I got a question for you," stuff like that. Anyways, so that's what we got set up here, but was that good? Do you think we even need that, or do you think it makes sense to have the automated sequences, or is that a headache?

I don't know, it just seems like it's certainly a premium feature if you ask me. We're gonna have to pay for the backend for the emails. I agree. I just don't think it's worth it. I think we should scrap it.

Well, I think — when do they get an email? So this is to set up your own email sequences. In the same vein, you can use this as a CRM — like this is a way to use it as a CRM with email automations. That's the idea behind this page. That's what we're sort of building toward.

This makes it more complicated. It takes a long time and it's gonna have the option of breaking or going wrong. Exactly, it's not worth it. Okay, yeah. It is a good option though — sequences.

So it's important to understand, we are doing two things right now. We are planning the minimum viable product that we need to take to market, and that is the path for exactly the next four weeks. Then there's the product roadmap long term. And that might include this feature. That might include other features that might be interesting to people that are just looking for property, or just looking for a fixer upper or something. Things like that. Those are things that we can put on our product roadmap that don't need to get done in the next four weeks. So we're not saying no to sequences forever, we're just saying not now.

I need to go to market, bro. It's been over 30 days. It's been two months — I don't know, over a month. And I was just — fucking, next 30 days, the next four weeks, let's just put the puzzle pieces together. Let's clean it up. Launch it. We'll have it.

Abdullah, you may still have to figure out five to ten beta users. I've got a couple people in mind, but let's try and get some folks in the platform in the next week or two. Give it a look. Yeah, I mean, we'll do that, but we definitely want more opinions than just us. And I'm not saying we can't start testing with you guys, I'm saying we definitely want at least five opinions that are not ours. So that's just something we can do in the next seven to 14 days.

Let's put like a small budget, ten, twenty dollars a day, only in Chicago. Let the leads come in, I'll give it to my students, and I'll just have them play around with them. Whatever lead it is, it's fucking 30 bucks, 50 bucks a lead right now. Go ahead, buy it, play it. I like it.

Yeah, so what we'll do now is Zak and I will get you a questionnaire that you can sort of fill out with an audio note. You can just talk through each of the questions and send a voice note to us. Sounds good.

Right now it's recorded, right? Yeah, this call is recorded, but I don't have the full questionnaire laid out. Zak's got it. I do, Cam. I'll pull it up. Let's do it. I'll take it.

Can you guys see my screen? Yeah. All right, awesome. Dude, we're gonna start from the front. Obviously we want to shape this with your vision as much as possible. You guys are the ones that are in real estate. You guys are the ones that are obviously —

I'm still a little bit confused. What's up? About the platform — on the ads, if we're already running the ads and cold calling leads and other platforms are giving us leads, I don't see other platforms giving us any leads. But that isn't the issue. We're different.

We are going to source the leads initially to prove out the concept. I think we should run the ads by ourselves. We are doing that. No one said we're not doing that. But yeah, we are going to do that initially. But again, I do not think that's the moneymaker. I do not think we are getting into the business of leads. We're getting into the business of creating a software platform to sell leads and buy leads.

So should we target other companies and have them give us leads? What's our target? You understand what I'm trying to say?

Yeah, I do. And you're getting at an important question, but I think you might just be skipping a step. What we're trying to do first is we need leads in the system for people to bid on. And we're gonna first do that by buying some leads and selling them at a higher price. And then we're going to use ads to try to source those leads ourselves, get an even better deal, and try to sell them at a markup on Soldi too.

And then as we bring more users in, we show that the system effectively sells leads. Yep, as you build a user base, that's when we go down that elaborate hole. Dude, I'm telling you, man, we are good at doing — we've talked about this multiple times and I just don't know how it's unclear at this point, right? It's pretty cut and dry. Let's make sure you understand. Let's save it for after this conversation or something, we'll make sure you're on the same page and that there's no confusion. We obviously want you to understand and to feel confident with the direction we're going in, but I assure you that what you're caught up on is not the big problem. It really isn't. It's a very small thing.

And the biggest thing here is, again, right? Growing the user base, growing the fucking brand, right? Getting leads in the system, at least at the minimum, mocking up and faking it like a marketplace almost, right? Where others can see. And then from there, partnering up with folks — an option for us to double our revenue basically. Yeah, that makes sense. Yeah, if it doesn't — okay. Any questions? No. Sounds good.

Zak, go ahead. Take us through.

Sweet. So, Bill, this is mainly for you. I need you to take a look at this and we're going to fill this out together. So essentially, when a fresh seller lead hits the auction, you get seconds to decide if it's worth a bid. What do you need to see? What's the most important out of this for you guys — is it equity, is it the distressed type, seller motivation? What top five would you say are the most important out of these?

I would say motivation. Motivation number three. What's on the two? Seller's motivation. Then you got — price? Estimated value. Timeline could be one of them too. Timeline is on location. Location, location — number one actually. Yeah, people bid off location.

So even the fourth thing that we focus on in our call center, bro — the first thing we focus on is the condition, right? Second thing we focus on is motivation. Third thing we focus on is timeline. And the fourth thing we focus on is price. Those are the four main components that we focus on.

Zak, it's okay. They can just talk, we're recording it. We'll get it down. That's okay. They don't even — yeah, as long as we're talking through it, that's all we need.

There's really so many components, bro. Distress vector and then from there — yeah, that kind of makes sense. Yeah, that's perfect.

So we're creating obviously a quality score index with a bunch of different factors that play into this. There's a hundred out of a hundred — people that are going to be a good score. Would you guys say you want it to be the main focus point, do you want it to be a supporting signal visible, or do you want it to be like "hey, show me and I'll see it," or do you want it to be hidden essentially? You want it front and center — like what do you want? Our internal score, our internal risk score you could call it, that I've been working on. It's basically a magic number that we're making up, but it tells you in theory, based on the factors we just spoke about, how good the lead is, in quotes. Now is that something you want to see?

I'd be motivated. I think you're great with A, B, C, D, F. You know, A, B, C, D, F. Okay, great idea. And I think I like that. Kind of like — we can look at Nitrogen. Nitrogen is a fantastic company that does risk and risk assessments. Share this — great, the daily portfolio.

How long do we have for the meeting? I mean, I'm — I need to run in like 10 minutes. We'll just move on for now.

Which comps or secondary deals would you say are the best, right? Which ones would you guys want to see at the top? Is it ARV, 70% rule, max offer, competency confidence score? I said ARV range. Okay, anything else — square footage or price per square foot? Square footage, yes. Or we can do 70% rule, pretty good too. All right, let's bump price per square foot to the top three. And then I think we're good.

Awesome. And then how long should the elite auction run? Do you guys take — are you guys taking six hours, 12 hours, 48 hours, 24 hours? I'm thinking — Bill, what do you think about this?

I think — we're a little bit different, right, because we're big. So it's not exclusively — so that's what I'm a little confused on. But if I were to say something, probably 24 hours. And we're going to figure out that exclusivity thing. I'm understanding that that's sort of what you're getting at with your questions before.

A lot of like — I'm just thinking for me. Like for me, I'm in the bidding thing. I make — but I'm not trying to do that one. I do the premium and get the exclusive lead and just get it. Or I do a bidding system where I don't see who's bidding on the back end, and then if the lead is a $250, I just get them. You know, bidding it, chatting it — we don't have time for that investment. We just try to get the lead and keep moving. We don't want time to chat around and stuff like that. I pay this amount of money, I'm going to get these many leads, and if the quality is good I'm going to keep purchasing. Yeah, I think I'm saying — my experience, if I was going to kind of do this all day. So I'm just — yeah.

No, totally. And I think your experience is important. And I think that we're trying to balance two things. There's the people like you that are power users that are really just trying to get the best leads as quickly as possible. And then there's the people like the ones Abdullah is going to bring into the system that are — maybe they're new to real estate, maybe they're just looking for a better platform, and they want a community.

They want a platform that allows them to find this stuff, to discuss this stuff. And it gives them a foray into the whole real estate space. In some ways, we're also trying to create a social media in a weird way. Not in the true sense, but we're trying to create a communal real estate platform. So that's just one thing to keep in mind, but that's a really good point, Abdul. Sorry, go ahead, Zak.

No worries. So in terms of minimum increment bids, what do you guys think? Five dollars? Five percent? Three percent? Ten percent? What do you guys think?

I'm still having — what do the bids look like for you guys? I just don't — do you see anybody bidding five, ten dollars, wasting their time? Bro, like getting a lead for five to ten percent, three percent — are you going to do you see yourself buying a lead and bidding to get the lead, bro? How does property lead work? Bro, you put the money in, the highest bidder gets the lead, that's it.

One should be a buyout amount. Buy the lead right now for 400 bucks. I like that. Yeah, buying out. The thing is, it starts at 100, but we need to have an automatic bidder in that bitch, right? Kind of like eBay buy now.

Exactly, you know how they have it right now? When you saw it, they have a buy now, they have a one hour exclusive, or they have a fully exclusive, right? We should have something like that. They could buy right now for 400, give us four prices — yours, or if you want to buy right now for a 30% discount, we'll give you exclusive for 24 hours, right? Or you can buy the non-exclusive lead too. Not everything should be exclusive. It should be non-exclusive and we can send the non-exclusive leads multiple times, like three to five times.

Yeah, see, we have to do the non-exclusive path because we're going to make more money off non-exclusive, right? Because that lead gets sold like 10 times. Exactly, every single way, every single time it trades hands. Some of these platforms, bro, 20 people already bought it. 20 people bought it at like 50 bucks, 20 times 50 — that motherfucker made a thousand bucks on the same lead. Even if you got refunds, whatever. So, you know, or limit how many times you can sell it.

Yeah. Okay. So here's like one of our — you know, we're approaching the end here. This is sort of a one-off question. Do we think that the gamification that we're doing, the leaderboards, the chats — does that feel like the right direction? Do we want to lean into that? Like, make it the call sheet for real estate? Or do we want to dial that back a bit?

I want to make it the call sheet of real estate. I like that idea. But Abdul seems to be sort of hesitant about that. And I understand why, because he's the serious user, the power user, and he doesn't need all the fucking bells and whistles that we're adding. For example, think about it this way — I'm talking, I don't — like, the car auction is different. If I come in and I see a lead starting at $50, right, then somebody else bidding $60, and then I got $24, I'm going to forget about it, right? If it's like, okay, we've got something over here, I could buy this, get it for 300 bucks right now — let me just buy it. Okay, cool. Or hey, I already filled up my account with $5,000 and they're giving me 25 leads exclusive, right? That could be good.

Understand, bro, you want to have 10 big players, right? And you get a deposit of three to five thousand up front and we give them a certain amount of leads guaranteed with a refund policy. Think about it this way — you have five to ten people giving you five thousand dollars a month, right? That's fifty thousand dollars in revenue just came in.

Yeah, or you know, we would have like — we have to understand — or you want to have 100 small players who buy one lead here and there, which is fine too. We'll have that option too. I'm saying like, I don't know, bro.

See, I think you're still thinking about it like we are the ones selling leads, which is true in the literal sense, but we are trying to be on both sides of the equation. It doesn't matter who's buying — it's a market, it's a marketplace, bro. Imagine like eBay. Not everyone is like — you look, Joe, where they set a bid and forget about it. I buy stuff on eBay all the time. I am watching, I get emails, I get phone messages about my offers, about my bids, all that good stuff. I mean, people obviously work in different ways, either or.

So are you saying — so eventually what you guys are coming back at is that other people, other ad agencies, other cold calling agencies, other people that are running the ads, we want them to host their leads here? You want to be like an Amazon of leads? Is that what you're telling me?

eBay. eBay. eBay.

I mean, we do think that there's another angle. I don't know — I don't believe in this project if that's the case. I don't believe the other platforms will give us their leads.

Yeah, it's — you know, I'm not going to lie to you straight up. I mean, if that's the case, you know, that's what me and Cam set out to build and what we wanted to build, and it will be built. We've been discussing with you guys the last month and a half, two months. If that's not the case, we're happy to pull the plug on this because we've been spending a shit amount of time.

I'm not saying that. I know, but if we're not in the marketplace — I know, I'm just saying, if we're not in the marketplace that we want and the vision we have and the vision we're building and have built so far — it's not — we can change it, we can change it. Because you tell me right now. You have a question, you tell me right now.

I speak to the marketplace themselves. Property Leads are a marketplace themselves. Why would they take their leads or give them to us? They're the same thing as what we're building.

Listen, this goes back down to the fundamental value that we think we were going to build Soldi into a powerhouse of users who are buying and selling their leads on this system. I understand the buying part. I think we should just focus on the buying part.

Listen to me — why do people, right, what do in-person stores, retro game stores, game stores, the stores that sell all this type of retro merchandise — why do they have an eBay store and an in-person store? Why are they selling their merchandise on eBay as well as in store? It's another avenue of making money. They're not competing with their business, you know what I mean? They're getting their inclined business. They're not competing with those two verticals. It's two verticals for people to make money off of. I'm not saying that they're going to want to work with us off the bat. At a point in time, dude, we're going to have a big stat that talks about how many leads have been sold. All these stats about Soldi and how many leads have been sold.

Do you think you're going to get other people to sell on our platform?

I know I've answered this question six times on this call and I'll answer it one more time. After we build the user base, after we get a number of leads sold in the system, people will see that as a place to enter the market. If we eclipse Property Leads on the number of leads sold and we're continuing on this upward trajectory of taking over companies on the number of leads sold, they're going to want to join and also additionally add their leads onto our system. Again, it goes back to Abdullah's brand. He is the person who's going to be behind Soldi. He's the main face. People are going to want to work and partner with him. You're telling me — who do I speak to? If we get more monthly users than them and sell more leads than them, you don't think Abdullah can come in there and be like, "Hey, partner up with me and put a little bit of leads here and see what happens"? We partnered with ICSD, they ran a campaign with us. That thing became 5 or 10 callers, and we were selling leads to them. They had their own exclusive shit. You know, so that's what happens. I'm talking about those conversations happening then.

Yeah, they're a marketplace. They don't do their own leads. They don't generate their own leads. They use call centers, other marketers, and tell them, "Hey, give us your leads." They get 40 percent of the profit. They keep 60, they keep 40. Any refunds happen, yeah.

Then we're suggesting we cut that by a quarter. We're only taking maybe 10% on these leads.

They want to be profitable at that price. It would be. It will be. Because we don't have to source everything. All we're doing is providing a place for a buyer and a seller to meet.

But is that going to be — the reason they do 60 is because there's a lot of refunds and a lot of back-end work. So how are we going to make money off 10%?

At scale. You do it 100,000 times a day.

I don't think that's that many we're going to sell.

Well, that's exactly why you don't have to worry about that. That's why me and Cam and Abdullah are the ones that are putting in a lot of — what do you think, Abdullah?

I would think we should be like an ad agency and have exclusive — we do the marketing, we sell them, and then also package up like, big clients who got five or 10 grand down and we give them a little bit more discount, we get bigger clients and maybe even become like an ad agency where we charge people 1,500 bucks a month to manage your account and 10% of ad spend.

That sounds horrible. I mean — do you want to, Cam, you talk to me about it, tell him about it. Who the fuck is — are you doing that work, bro? I'm so confused, bro. We're trying to build a platform that does this on demand. We don't get paid to do work, bro. If you want to pick up that work you're more than welcome to, but we're trying to hire out, put hundreds of thousands into engineering our own ads, and then once we run our own ads, take that data and dump it into this for sale. Because if you run your own campaigns, leads are going to cost us under 20, 30 bucks nationwide.

Yeah, so we have a way to make money on the leads — both the ones that we sourced and any other lead that's sold on the platform.

Yeah. The thing is, I could reach out to other marketing agencies. Not even right now. I don't think it's even worth it. Right now no one's gonna give us any data. I mean, if something's not working, we can always adapt. That's what I'm trying to say.

Yeah, and I think let's just keep an open mind. What you're saying is not crazy. I hear you. I think there is a real conversation to be had. I just think we need to structure our discourse a little bit, because there's a lot to discuss, there's a lot to plan. We want to keep building this. This is a whole separate conversation from what we're trying to do, and we need to have this conversation. But A, it needs to be another day because I have to go.

Yeah, I have to go too. Don't let Daniel come to the office.

Yeah. So listen guys, where we have the lower...

Going to continue building out the updates from what we talked about today, and then we'll try and get some trial users in the system — beta users getting a feel for the system, using it.

How about this? Ultimately, come by. Let's set up the people in the office with this.

If you want the trial users, I can give you five, ten students.

Yeah, let's figure out a date this month to get that sorted. Once you guys are ready for users, you let me know, then we'll get users.

Yeah, our expectation is about one to two weeks. So we start running ads now — what's the next step?

Yes, the next step is me and Cam are working on getting ads set up. We're gonna start these ads this week, next week, to get homeowners.

Yeah, you hired us to run ads. We never got the ads.

No, you didn't. You got a very expensive software engineering team instead. I'm just saying. Hired you for that, yeah, and then you had probably the cheapest version of the most expensive tech support you could have ever had for a couple weeks. But anyways, that was beside the point — you're about to get everything that you paid for and more with this, don't worry.

Let's fucking close some deals. That's the plan. But I appreciate the time. Please continue to think about these questions, Abdul. I want you to press us. I want to have a good conversation about this. Let's make sure that we address your qualms. Abdullah, thank you for providing all that feedback on the product as well.

No word. Yeah. Well, I think as of right now, we'll build the platform. Let's run our own ads. Let's sell our leads. Show people — like Zak said, we'll show them a significant amount of property sold or leads sold. Then I can start reaching out to other PPL companies and then we could do it that way. You know, that's free leads for us.

100% bro, I'm telling you man, these dudes will probably fucking do it just being posted on your story. You could be posted like, "We just partnered up with fucking whatever XYZ firm," you know, "now their leads are being posted and sold," right? That type of shit, man.

Right. Keep the wheels turning on those crazy marketing ideas. All cheap, bro.

I'm also going to run an ad on... your community are going to be buying up other people's leads. You will be making money with other people. It's called Soldi — Soldi, Soldi, Soldi.

Are we gonna work with — I don't know — so lead on my Facebook to get calls for the flippers?

Oh, it's Soldi, Soldi, Soldi — the Italian word for money.

Yes, listen, that's a good idea and I think that's an option later on. But right now bro, these wholesalers are Abdullah's students and they are his entire follower base, right? So I think it makes sense to run ads on Soldi, but I think as of right now while we ramp up, dude, I mean again, nice and slow. Take it nice and easy, make updates as needed, pivot, adapt, and then continue to make a more refined product.

I'll spend $2K. I want to see what type of ads you guys bring in at least — you guys bring in one week from now.

Yeah, well I was just gonna say we take a very systematic approach to ads where we wouldn't go full press until we had proven out the strategy.

Okay, perfect. Let's start that and I'm down. I think that's pretty much it. Good call, good update.

All right, sweet. All right, thanks guys. Appreciate you all.

You guys not running ads? I gotta take a call. Hey listen, we'll still talk about this. I need to ask about AK callers.

Why not? We're replacing AK callers. Fire tokens. Fire tokens.

I gotta go, guys.

**System Audio:**
What's up, Kim? I accidentally submitted this only by accident, I accidentally pressed submit on the document. Yeah, I'll try and jump in for the product marketer as much as I can and I'll share my screen and go through the questions with them. I usually walk through it first.

What's up, guys? I'll be in the car. What's up? This dude at the title company, bro. Where you at? He's joining in a second, he's downstairs. Perfect. No, he needs to get us together with that bro, still got green headshots.

How far are you from the crib, my guy? How can you take this meeting from the car? You gotta see, I'm right here, I just wanted to go get some bagels. I didn't have lunch. How far is it from the crib? Oh, you're fucking 25, 20 minutes away. No, my office is five minutes away, brother. It's even farther, bro, my office is right here, dude. That's okay, that's like a 15 minute drive though with traffic. Geez, we better not go home at that point.

Good last one, Cam. All right, so we've got three things we wanna show you. We've got the sold deck, the app. Wait, are you a key here? Yes, it looks like you're going in and out. I should not tweak it but you just want to connect this to his TV or to his car.

What the fuck did you just say? I know we got to secure this investment, but damn. So hopefully, I hope to God, there's some sense. I'm going to call him. What if Abdullah's not even at the crib, bro? He got fucking students with him.

No, no. Yeah, yeah, yeah. Go ahead, go ahead. They just left this thing, it won't answer, I don't know what he's doing downstairs. Well, we need you. What do you do about this, bro? Did you get to the office and jump back in, how about that?

I can hear you guys. Alright, you want to just go to the office and meet us when you're ready at a desk with the computer out? Yeah, I need five minutes. Alright, sounds good. No, no, don't take your time, what the fuck, bro. Absolutely don't take your time. No, bro. Don't show up. Those are dudes at my crib, bro, I don't know what he's doing downstairs. That's what I'm saying, that's your crib, but he's out there. Make sure you're there, bro, I'm gonna call his ass. Don't worry, you just hurry up and get back in. All right, see you guys. Hurry up and get back in. God damn it, dude.

The effort is a matter of, yeah. He showed up on time at the end. Was he prepared and ready to go? Probably not, but at least he showed up. Maybe we should have made it more clear they had to be at a desk. Probably. You should have been more boring, Cam, unfortunately. It was just all Tiger Bad. What is this thing? Go ahead. I'm going to have to fire a dual, bro, at this rate.

Ooh, I got that. What's missing, Cam? What's missing right now from this? Awesome. Can we get some users in the platform this week? Exactly.

Yeah, I saw your questions about that. I saw your questions, if you can hit those. I think more time, I think we just don't need to reject it. It can be longer. I'd rather it be thorough as opposed to fast, you know?

And then, so wait, running the floor, page 10, page 11 on the discovery is empty, the specs, which is fine. It's just a placeholder, it's all good. It just says spec and it's back in the docs. Product walkthrough, the link page 9 and 10, or 10 and 11.

Sorry, I can't get you. This is a demo, I'm gonna do this too. I don't know, I was getting my nerve. I didn't hear a word of the first statement. No, no, not the first. I didn't record it, Kev, I'll ask you.

What about what's saying? Where someone who don't tell... After all... He gets them one foot. Your pocket, it should be a plot post.

7,000 plus 2, 10 minus 15. 15 minus 15. Where the hell... Oh my God. Where the fuck your brother at? Where your brother joined, bro? In the call with Donny Owl? And you go, why can't you... Oh this thing, bro, now you guys got technical issues now.

Can you hear me? What's going on, man? All right. Yeah, I went to Italy, I'm a big FOMO, and I went to Spain. Yes, Zak told me you went to the wilderness. Can I have a lot of results? Did you enjoy it? Wow. It's like a mental break. Jack, we're on vacation in Arizona for like three weeks. Figuring how to get the fuck out of Chicago, bro.

You got another job too? I'll be right back, guys.

Well, I mean, exactly. I went for a bike ride yesterday. I just bought a bike too. Yeah, nice segue. Nice view, beautiful view. The Chicago, bro, Lake Shore is a beautiful view, bro. Yeah, 100%. You need to buy a long time, there's power, right?

Bro, so you know the whole city? The problem, bro, is they don't have a bike lane. So I'll be in the middle of that. Well, Zak, the question is, exactly yelling and cursing about it.

Yeah, bro. I have a regular bike, but I want to get the electric one, bro. It's a little bit expensive, bro. It's like $1,700. Well, I'm like, bro, whatever, like longer ride, give me some cardio, you know? I also like to bike. I feel like for me, it's a stress reliever.

But I'm sorry, my time goes so fast, bro. So what, do you work from like 8 to 8? Got going because they're going to go out of business. Are they still gonna like, are they doing better, or like do you need a stable job?

Oh, who's the guy, bro? I'm trying to get started.

Oh, go ahead. Can you call me Abdel? You? All right. Abdel, how's that sound, by the way? I'm good. Oh, cool.

Yeah, I was just going to say, Joyce and Mike's guest, I don't know if we made it well this time, but I hope that it did. Yeah, the before was pretty good. But you know how good life is now, I don't know how long it's going to take. Hopefully it'll take forever.

I'm hoping we can get it done because I do have to finish up the, like, taxes and stuff too, so I'm gonna work until like 8, 8:30. But I'm not gonna do it tomorrow. Well, I mean, I really can't do anything. He said he didn't come back, so I'm not going to make a difference. This is where I might get ready for the meeting.

Well, the craziest promotion happens. Google PPC right now, guys, if you spend $10,000 they're giving you $20,000 in ad credit. Unheard of. He spent $10,000 in two months. And again, if you're eligible, they give you twenty thousand dollars, bro. What do you have to be eligible for? Just like if you're a new account, basically. Yeah, I had a company that was doing it right now. Holy shit.

I screwed up, I locked myself out. I can get you in there. I'm getting the key right now.

Man, the days go by so fast, bro. Yeah, Joe, you wake up at fucking 1pm, what do you mean? Like, you're meeting him at 1pm. I woke up at 10, I called you. No, you called me at like 12. No I didn't, check your log, bro.

I want to get a haircut. Oh, he's right. But he wasn't better than the other guy though. So what time did you actually wake up? Did you go back to sleep? No, I was already taking calls from like before I called you, probably. Like, I checked my phone, looking at properties. I like easy money. Doesn't sound like it.

What's going on with the trainer, bro? I'm down, I'm down bro. I'm trying to do jiu jitsu too. You trying to do jiu jitsu?

Wait, wait, wait, wait. Abdul, Abdul, before you snuck down, where are you, bro? In the garage, man. That's not a smart thing to do, bro. What are you doing, man? Bro, can you not smoke down in the garage, bro? I'm telling you, your ass is gonna give me a pop, dude, especially at 6pm, bro. Come on, man, work it out. Don't worry, I apologize. That's okay, just move on outside. Just take the keys and go, right? That's right. You're right there, you can still see the smoke, man.

Real quick, what do you think about it? All right, this portion of the meeting, man, goes up in town. Next week, Tuesday, same time. All right, Abdul? Robin? Next week, Tuesday, same time. I guess. I think we should push it for like tomorrow if they're not going to do it.

Are you coming back down or are you going to go home? I do want to get it started, I mean, you know. Zak told me today that we want to run ads, start running at the Freehold link.

Okay, bro, for the one look, guy, bro, can you stop smoking a cigarette, bro, in the fucking garage, bro? I don't understand why you keep doing it. Just put it out and go outside. I am, I am. Thank you for smoking the full cigarette after I said that too. Sorry. I'm sorry. I know. Yeah, I know.

That's good. We can reschedule it for tomorrow, around the same time. I can't do it tomorrow, but I'm busy tomorrow. I'm gonna be able to get the gym tomorrow at this time. Let me just, let me text him to see if you can go along.

You said put it in the coffee? Coffee, okay. No, not that, bro. Here he is, bro. Toss the other half of the sandwich in the fridge.

My goodness, bro. So it's literally, I got my money tied in and then these properties still, it's not, it got foreclosed on or whatever, or the lender took the money back. So right now we really don't even know if we're going to get our money. Wanted that or not. Wow. Yes.

All right, I'm here. That dude, bro. I do not want him to join and say, I'd rather hear him not join at this point. He joins and we ought to call for 20 minutes. I get you.

Well, this is what I could do for you. I'll speak with the team. I beat him again, guys. I don't like you. And they said B2C, Cam, it's that, this, that B2C. Like, okay.

All right, like, I don't fucking shoot those kneecaps out there. I'm going to record on Duel. Look, I'm still a man. If you don't fucking pay attention, I'll blow that through your back. I'm going to hold a bullet hostage just so he listens. That was crazy.

Hey, you can smoke cigarettes, so everybody has a vice. Good point. Easy. Oh, my bad.

Yeah, what's up, brother? Donnell's here. All right, my guys. So, you know, a little 40 minutes, a little late here. Should we schedule? I'm locked in, I'm in the office.

I know, bro. It's just loud. There's other people around you. You're getting calls. You know what I mean? If you're sure about that, you're getting calls. I'm ready, brother. Let's run it.

And one more thing, Abdul, if you want to follow along, I'm going to drop the link right here. Click that link and then that's the login information that's needed, exactly. And listen, we've got some questions at the end. We're going to run through it. You showed me the link so I could click this? Okay, getting that open right now.

Yeah, okay. Live auction. The first is live auction average price. He's sharing his screen. He's going to go over it with the screen. That's exactly us. Yeah, that's why I sent the original link, Cam. That's why I sent the link for the login. There you go. Thank you.

How is that determined? Determined by the form they fill out, the lead form they fill out. We take the information and make the quality, exactly.

I was just gonna say, we can mess around with what the quality score index is, right? We can kind of mess around with it. You can call it AI score or whatever the fuck you want, but we can get some magic with it. Pretty cool.

You know, whoever buys the lead closes the deal. We should have another marketplace where they could just upload and sell their deal too, on the same platform. So it's like not just buying leads, buying leads, closing the deal.

And now it's on the marketplace for sale. But now investors coming in, flippers coming in, they're buying shit, they're buying data. I mean, they're buying leads from us. Also they're buying property. So that way the wholesalers and stuff that are on the platform are not just buying the list, buying the leads. If they missed out on it, they have an opportunity to buy the property.

I like it. They have one company called ISP2Lead and they have another company that's the same company called DispoMyLead. They don't do that, though. No, they have a disposition center too. They don't do disposition on their website? Yeah, they have ISP2Lead, and their other website is DispoMyLead.

Yeah, Soldi basically means money, which means bro, just on one platform, because we have the same thing. We have Home Run Equity, right? So here you could buy the lead. That's a nice price. It's a nice property, Cam. East Camelback Road. It's probably Arizona. Cam, it's your property.

Cam, you think these guys would drink Easter eggs back in the day? Yeah, it's like Call of Duty. It's like Call of Duty zombie grind in a day, right? You know, five hours grinding till level 70 doing all the Easter eggs, right? Finding every little thing. Abdullah was going down at level four, dude. What are you talking about?

Okay. Once it's under contract, then what we could do is once it's under contract, they should be able to list the property on our platform. And what's under contract, boom, under contract, you know?

Yeah. Okay. This is my favorite page so far.

You got to be fucking top. I got clients with actual callers that have more callers than us. I had a guy with 40 callers, 20 callers, 8 callers. I got a guy spending 10K a month right now. I gotta spend 40, 50K, Cam. Like, I got the spenders, bro. We'll see if we're able to track it out. Yeah, probably nice.

I saw fucking Kelsey, Kelsey's all over fucking Snapchat. And they're like, you know, hey, what if I told you that you could fucking make money by knowing if it's going to snow today? Yes. People are betting on the weather. Oh no way. I do that. Two white boys with a thing. Oh no, I do that.

You know, we should have like two people, two kids running around saying, oh yeah, you could do that. Hey, what if I told you you could make money in real estate? How? There's a platform called Soldi where you can learn how to make fucking gifts, you know, shit like that, bro. Yeah, a thousand dollars a day, you know. After we test it, spend 50 bucks, 200 bucks.

We got to be on Snapchat. We got to be on Snapchat, Instagram. We got to be running ads like crazy. Okay. Go to the back end, go to Meta back end, look at all the ad calls she's running, remake them. We've got to remake them.

So, quick question, Keb. Are we, because I was talking to Zak, right? So I ended up signing with a new platform, like, you know, there's some guy named Courtney. He does Facebook ads. He's been doing it for a couple of years. He said he spent about 30 million dollars on ad spend, and he also has a Facebook ad course for like $1,500. He shows you all the stuff that he does.

I'm doing a whole camera, I can't talk about this, bro. We're under the same impression, bro. He probably built it using Claude, bro. We can get the same answer through Claude. I didn't know.

Yeah, that's fine. I'm saying, are we gonna be doing just — right now what people are doing is Meta leads, right? Right now I'm using Chicago House 360, which is the other platform I'm paying 250 right now. But now like some of the platforms are like 90 bucks a lead, right? So I know nationwide, if you want a nationwide campaign, usually it's between like 50 to 70 bucks a lead. Do we want to go nationwide in some bundle areas, or should we target like 10 or 15 metropolitan areas, right? For example, let's just say right now we don't know our cost per lead, right? Or should we stick in Chicago so we can see?

Usually how heated is that — he got my deposit of five thousand dollars. What he did was basically you can pay 250 a lead, right, or you can buy a 5K package which will give you like five or ten more leads for free. He only gave me 10 more leads for free, right? And that came out to $162, right?

So our goal should be like, if we can have people coming out the boat and giving us five grand, and we give them — actually, because instead of 250 a lead, a customer's like, cool, I'm saving about 80 bucks a lead, right? But for him, he got the 5,000 and then he started marketing in that area. Because in the beginning it was slow, but he said it takes about 72 hours or whatever timeline to get the leads going. And he said these are all exclusive leads to me.

So that's the way that people are doing it, as exclusive. Or we can still do it like how PropLead does it, which is the way we have it set up, right? It's a bidding system. Some people like the bids. Obviously we don't have to do tests and trial on what it is. But if somebody does want to give us like, hey, 5K up front or something like that, a package, then we can be like, hey cool, these leads are going to come in, it's only going to be exclusive to you. We can also have those type of clients too. That's just my thoughts on that side, or like a 2,000 or whatever package we make, right?

Okay. There's three ways to attack that, right? Number one is our ads and the stuff we do. Number two is going to be a second layer that I think could work. As me and the Lord were talking about this, this was a cold call.

Option layer, right, where we can sell cold call leads on the platform. We don't have to tell — yes we do, we absolutely do, bro. Because they are going to be worse leads, and if you call them, they're going to be like, "Hey, you filled out a form," and they're going to be like, "Yeah, we didn't fill out a form, we got a fucking random cold call." We have to let them know it's a cold call lead, and we charge accordingly for that lead.

And then the third way is by you partnering up with these companies and buying these leads from them at a very steep discount, Abdul. Relationship across these fucking firms — all you have to do is buy more leads from them, get a really competitive rate, then we can resell them on our platform. Number three, you try and get in contact with the people who are running these fucking tools or running these platforms and get them to actually sell their leads on Soldi as well, as you start to fucking do business with them, right?

So there's four different ways that I see this shit filling the system with leads. And each of these fucking distinct verticals is gonna fill the leads in Soldi at different times, right? So right now, the ad stuff is not gonna be — majority of it's maybe 5%. Right now, the majority of it's gonna be these cold call leads and the fucking leads we get from you, Abdul, right? Yesterday you showed me 91 bucks a lead from 365 Leads, right? We wanna fucking get those leads, put them in the system and then sell them for a hundred bucks. You said PropStream sells those exact same leads for 250. No, yeah, they sell it for 250. There you go — I mean, they sell 91-dollar leads that you're getting for 250. So that's the number one, that's what we have to focus on. You go ahead.

Are you saying that we're not — that the people that are running the ads, that we should get other people, other platforms, companies, to provide the leads to us? I don't know why they would do that. To have the platform — who's going to give us any leads, bro? Why would they give us leads? They're selling their own leads. Why would we get more for their leads?

Because listen, a couple of different things, right? This gives people access to Abdullah's network, right? Number one. So these individuals who are running the network, owning these companies, value Abdullah's fucking place in the market. They're gonna know that his team and his people and his connections are using this fucking platform, and they want to tap into this nigga's fucking connections, bro. If I was running a fucking PPL company, bro, no matter how many people I had on it, bro, 500 to 1,000, bro, and I heard Abdullah was fucking turning his old PPL where I could make money with him, bro, partner up with him in a way — I mean, that's a no-brainer, right?

It's not just like hey — it's not. Exactly, why? Because they sell us a lead, they're gonna put that same lead — no, that's where, exactly. That's fine. I bet you Soldi gets us sold faster, right? That's what we think — that we have enough of a reach that we can have our fucking shit sell faster than their shit. If they see that happening, they're gonna be pushing more.

Yeah, but I mean, in that case, they're already established, Zak, right? They're established, they have a clientele. We don't have anybody yet.

It's a second vertical. It's a stock. Exactly, it's a second vertical. Two-place marketplace, and it also gives them a second vertical to make money on, right? They get to make money.

It's not like — basically how I found these companies, bro, they all targeted me on a Facebook ad. So are we gonna run ads on getting wholesalers or flippers?

That's marketing, that's about the whole marketing brand strategy we would deal with, Abdullah, right? And we're running ads on the back end to get people to set up with their home, that they're just fresh properties. But in terms of Soldi, like the actual Soldi ads, I mean we could run ads for Soldi if you wanted to, but I think at first we have enough fucking power that we can just go through Abdul for now. Me and Cam will look and come up with a unique game plan, come up with some copycat-ish shit, recreate their online presence, throw up the logo, and get them, you know, set up.

Yes. Okay, how she works. Bro, to be honest with you, we gotta run our own campaigns, we gotta sell our own shit. I honestly don't see how they're going to — you know, listen, this is like, exactly. We prove out the concept, we build the fucking user base, we build a fucking place where people are like, "Holy shit, leads get sold on fucking Soldi," right? Whether it's a wholesaler who goes there or a person who owns a PPL company, we're gonna build it into a brand where eventually we make it a two-sided marketplace and double up our fucking revenue, right? We go from just our own stuff, we've built that client base, become big enough, get enough fucking users of the platform, move enough fucking leads, that they see that they fucking want to join.

That's what happened with iSpeedToLead. iSpeedToLead started doing it to where if you're a call center, if you are a marketer, or whatever it is — sell us your leads, we'll sell on our platform and we'll do a 60-40 split. We're doing much more competitive splits for wholesalers.

You know we can get competitive in that shit, I'm telling you bro. We come in low as fuck dude, I'm telling you this. We scoop up the market and then we raise the prices later on when everyone's addicted, everyone's on this. We raise the prices for them, bro. Whereas right now we get them in the door a couple percent. It would be one of the most confident places that you know your leads will get sold.

We've got to get females to make ads, bro. We've got to get fucking females to make ads for this shit. Tim is the one that is great at pimpin' everybody. You know, like fucking interview style? We gotta do the interview style, because culturally that's what they're doing heavy, bro, is interview styles.

100%. I'll put like 50K, 30, 40, 50K aside for marketing, bro. We'll go ham on this shit, you know? Bro, we will fucking— yes.

I was going to get through these questions. Can you finish up real quick? You go ahead, my bad. I didn't stop. Go ahead, I want to make sure we get those. Thank you. I'm going to let us take a look at this.

I was on a call with somebody today and they just built a platform. This platform, how it works— if you type in the property address, it'll give you the comparables, and it also will tell you which flippers have bought it, how much they bought it for, and what landlords are buying properties for. So we could have it— flippers are buying for this much, landlords are buying it for this much. So if you have like an ARV value, you know automatically before you even run the competition if you can get it. But it does comps, a little comps for you, this price bro. You already know it in a cell.

If you go to iSpeechLeads, you can see how they do it. If you want to check it out real quick— iSpeechLeads. Make a user account, it's free. You'll see how they sell the leads. It's a bull, you guys first, bro. And he doesn't know what the heck to do, what to offer, what this is. This is an example. Yep, just go down, just go to any lead. You'll see how they do it. You can make a free account. Yeah, you'll have to give me some videos.

They also have like a coupon club if you want to register as a coupon. If you want to do monthly, you know, like if you're a partner— a subscription model. You pay like 100 bucks a month and then you get like cold call leads, coupon leads for 30 bucks a lead. They have a good promotion. We've got to do promotions that encourage people to buy more. Pretty good.

Because it's not just the wholesalers that are going to be on our thing. It's people that are going to be flippers. People that want to buy and hold. You want to buy a house? Go to fucking Soldi. You want to fix and flip and you want a fucking deal? Go to fucking Soldi. You know, it's not just wholesalers bro. You want to tap into everyone that wants to do real estate.

All right, in an effort to save some time, can you go ahead to the next one? We're still figuring out— yeah, it's like the sequences, like really lightweight sequences you can run for folks, like emails, text messages, super simple.

Abdullah, is that good? You know, I was just asking Abdullah— I'm saying, was that good though? Do you think we even need that? Or do you think it makes sense to have the automated sequences? Or is that a fucking headache?

I don't know, it just seems like— I agree. I just don't know. I just don't think it's worth it. I think we should have it. Well, send people an email at what? How do people— when do they get an email? I don't know. If it takes a long time and it's going to have even the option of breaking or going— yes, exactly. It's not worth it. It is a good option though.

Okay, next 30 days, for the next four weeks. Let's just put the puzzle pieces together. Let's clean it up, launch it. We'll have it. Abdullah, you may still have to figure out five to ten beta users. I've got a couple people in mind, but let's try and get some folks in the platform in the next week or two. Beta users, give us a call, give us a little comments.

100%. Yeah, we're gonna need more. 100%. I'm going to start running ads, right? Let's put a small budget, $10, $20 a day, only in Chicago. Let the leads come in. I'll give it to my students. Have them play around with them. Whatever lead it is, you know, 30 bucks, 50 bucks a lead right now. Go ahead, buy it, play with it. I like it. Sounds good.

Right now it's recorded, right? My pocket. I do, Kim. I'll pull it up. Let's do it. I'll take it. Can you guys see my screen? Yeah. All right. Awesome, dude. We're going to start from the front. Obviously, we want to shape this with your vision as much as possible. You guys are the ones that are in real estate. You guys are the ones that are obviously—

I'm still a little bit confused. Don't you get a little bit confused? What's up? About the platform— on the ads, if we're already running the ads and closing the ads, call me. And other platforms giving us— I don't see the problem with other platforms giving us any leads.

Well, we have— I think we should run the ads by ourselves. No one said we're not doing that. Get other companies and have them give us leads— and what's our target? You understand what I'm trying to say? It's like we have to—

Build the user base. Yep, as you build the user base, that's when we go down that rabbit hole, dude. And I'm telling you, man, we're good at building. We've talked about this multiple times, and I just don't know how it's unclear at this point, right? It's pretty cut and dry. You are obviously running out— it really isn't. It's a very small thing. And the biggest thing here is again, right, growing the user base, growing the fucking brand, getting leads in the system. At least at the minimum, being— you know, mocking up and faking it like a marketplace almost, right? Where others can see.

And then from there, you know, partnering up with folks and options for us to double our revenue basically. Does that make sense? Okay, any questions? No, that works. Sweet.

So Bill, this is mainly for you. I need you to take a look at this and we're gonna fill this out together. Essentially, when a fresh seller lead hits the auction, if it's worth a bid, what do you need to see instantly? What's the most important out of this for you guys? Is it equity? Is it distressed type? Seller motivation? What top five would you say are the most important out of these?

Motivation, number three. What's number two? Seller's motivation. Then you got price, estimated value. Timeline could be one of them too. Timeline is a huge one. Location. Location, number one actually, because people bid off location. It's all about estimated value.

What about what's next, equity or distress type? So even the fourth thing that we focus on in our call center, bro — the first thing we focus on is condition. Second thing we focus on is motivation. Third thing we focus on is timeline. And the fourth thing we focus on is price. Those are the four main components that we focus on. Right here, we have these four lined up. What's number five? There's a little more components for the stress factor. And then from there, yeah, these kind of make sense. Yeah, it's perfect.

How front and center should the quality score be? So we're creating obviously a quality score index with a bunch of different factors that play into this, out of 100 score. Would you guys say you want it to be like the main focus point? Do you want it to be a supporting signal, visible? Or do you want it to be like, hey, show me and I'll see it? Or do you want it to be kind of hidden essentially? Do you want it to be front and center? What do you want — you know, our internal score, our internal risk score you could call it essentially, that we're working on?

I think motivation — I think you should grade it A, B, C, D, E, F or some shit, you know? Grade it. And I think I like that kind of like — we can look at Nitrogen. Nitrogen is a fintech company that does risk, RTQ, and risk assessments and showed itself.

How long do we have for the meeting? We'll just move on for now.

Which comp signals would you say are the best? Which ones would you guys want to see at the top? Is it ARV, 70% rule max offer? Is it competency, confidence? That's the ARV range, okay. Footage, yes. Or we can do 70% rule, pretty good too. Awesome.

And then how long should a lead's auction run, do you guys think? Are you guys thinking six hours, 12 hours, 48 hours, 24 hours? Abdul, what do you think about this?

I think I'm a little bit different, right, because we were bidding so it's not exclusively — so that's why I'm a little bit confused on it. But if I were to say something, probably 24 hours. Yeah, a lot of like — I'm just thinking for me, like I'm in the bidding thing and I'm not trying to do that. I want to pay a premium and get the exclusive lead and I just get it. Or I do a bidding system where I don't see who's bidding in the back end, and then if the lead is $250, I just get the lead to my CRM. Bidding it, chatting it — like, we don't have time for that as investors. We're just trying to get the lead and keep moving. We don't want time to chat around and stuff like that. I just want, hey, pay this amount of money for leads, and if the quality is good I'm gonna keep purchasing. That's my experience if I was gonna kind of do this all day.

Exactly. No worries. So in terms of minimum increment bids, what do you guys think? $5, 5%, 3%, 10%? What do you guys think? Maybe — what do the bids look like for you guys? I mean, do you see anybody bidding $5, $10, wasting their time, bro, to get a lead? 5 to 10%, 3% — do you see yourself buying a lead and bidding to get the lead, bro?

How does Property Lead work? You just put the money in, if you're the highest bidder you get the lead, that's it.

It comes — one should be a buyout amount. Buy the lead right now for 400 bucks. Second thing is like it starts at 100, but then we need to have an automatic bidder in that, right? Kind of like eBay buy now. Or you know how I usually have it right now — when you saw it, they have a buy now, they have a one-hour exclusive, or they have a fully exclusive. We should have something like that. They could buy it right now — 400, give us full price, it's yours. Or if you wanna buy it right now for a 30% discount, we'll give you exclusive for 24 hours. Or you can buy the non-exclusive lead too.

Not everything should be exclusive. It should be non-exclusive, and we can sell the non-exclusive leads multiple times — three to five times — because we're gonna make more money off non-exclusive, right? Because that lead's gonna get sold like 10 times. But some of these platforms, bro, 20 people already bought it. 20 people bought it at like 50 bucks, 20 times 50, that's a thousand bucks on the same lead. Even if you got refunds or whatever, so you know. But I think they have to limit how many times you can sell it. I want to make it like cost-share real estate. What do you guys think? Yes.

Like for example, think about it this way. I'm talking — I don't like, if the car auction is different. If I come in, I see a lead starting at 50 bucks and then somebody else bidding 60, and then I got 24 hours — I'm going to forget about it. Okay, come here, over here. I can buy this for 300 bucks right now — that's going to get me to buy it. Okay, cool. Or hey, I already filled up my account with $5,000 and they're giving me 25 leads exclusive. You understand, bro.

You want to have 10 big players that you get a deposit of $3,000 to $5,000 up front, and we give them a certain amount of lease guarantee with the refund policy. Think about it — you have 10 people giving you $5,000 a month, that's $50,000 in revenue just came in. Or, you know, we would have to understand — do you want to have a hundred small bees who buy one lead here and there? Which is fine too, we'll have that option too.

I'm saying like, I don't know bro, I don't think — exactly bro, it's a market, it's a marketplace bro. Imagine like eBay. Not everyone is like you where they fucking set a bid and forget about it. I buy stuff on eBay all the time. I am watching, I get emails, I get phone messages about my offers, about my bids, all that good stuff. People obviously work in different ways. Abdullah, what do you think? People either or.

So are you saying eventually where you guys are coming back is that other people, other ad agencies, other cold calling — you see other people that are running the ads, they show up, we want them to host their leads here? You want to be like an Amazon of leads, is that what you're telling me? eBay? You better — I don't know, I don't believe in this project if that's the case. It's going to be — I don't believe the other platforms will give us leads. Yeah.

I'm telling you straight up, you know what I mean? Like if that's the case, you know, that's what me and Cam set out to build and what we want to build, and we'll build the MVP around it. We'll be — just with you guys the last month and a half, two months — if that's not the case, we're happy to pull the fucking plug on this because we've been spending a shit ton amount of time and hours into building this.

I'm not saying that. I know, but if we're not in the marketplace — I know, I'm just saying — we're not in the marketplace that we want and the vision we have and the vision we're building and have built so far. It's not — we can change it. We can change it. You tell me right now, Zak. I have a question for you. You tell me right now.

Property leads are a marketplace themselves. Why would they take their leads or give it to us? They're the same thing as what we're building.

Listen, this is, again, right — it goes back down to the fundamental value that we think we were going to build solely into a powerhouse of users who are buying and selling their leads online on this system. I understand the buying part. I think we should just focus on the buying part.

Abdullah, listen to me. Why do people who have in-person stores — retro game stores, game stores — the stores who sell all this type of retro merchandise and stuff, why do they have an eBay store and an in-person store? Why are they selling their merchandise on eBay as well as in store? It's another avenue of making money. They're not competing with their business, you know what I mean? They're getting their online business. They're not competing with — it's too vertical for people to make money off of.

I'm not saying that they're going to want to work with us off the bat. At a point in time, dude, we're going to have a big stat that talks about how many leads sold. All these stats about sold. How do you think you're going to get other people to sell on our platform?

I've answered this question six times on this call and I'll answer one more time as well. Which is again, after we build the user base, after we get a number of leads sold in the system, people will see that as a place to enter the market. If we're on the number of leads sold and we're continuing to go on this upward trajectory of taking over companies on number of leads sold, they're gonna look at the number of leads sold, want to join, and also additionally add their leads onto our system. Again, it goes back to Abdullah's brand. He is the person who's going to be behind Soldi. He's the main face. People are gonna wanna work and partner with him.

You're telling me — who the fuck owns iSuite to Lead? If we don't get more monthly users than them, sell more leads than them, you don't think Abdullah can come in there and be like, "Hey, partner up with me and put some leads here and see what happens"? We partnered with — they ran a campaign with us. I think we gave five or ten callers and we were selling leads to them. They had their own exclusive, you know.

So if that's what you want to happen, then I'm talking to you while this conversation's happening. They're a marketplace. They don't do their own leads. They don't generate their own leads. They use other call centers, other meta marketers and tell them, "Hey, give us your leads." They get 40 percent of the profit — they keep 40, any refunds happen then —

Exactly. It wouldn't be profitable at that price. Of course it will be — $200 bucks, $20 bucks is not gonna be the reason. They do 60 because it's a lot of returns and a lot of back-end work. How are we going to make money out of 10%?

The reason — I don't think that's that many we're going to sell today. That's exactly why you don't have to worry about that. That's why me and Cam and Abdullah are the ones that are putting a lot of —

What do you think, Abdullah? Do you think — I would think we'd be like an ad agency and have a — excuse me — we redo the market, we sell them, and then also package up like a big client who's got five or ten grand down. We give a little bit more discount, we get bigger clients, and maybe even become like an ad agency that we charge people a thousand or fifteen hundred bucks a month to manage their account and 10% of ad spread.

That sounds horrible. I mean, do you want to — Cam, you talk to me about it. You tell him about it.

Who the fuck wants to do that? He's got 70 people. Are you doing that work, bro? I'm so confused, bro. We're trying to build a platform that does this on demand. We don't get paid to do work, bro. If you want to pick up their work, you're more than welcome to. You're hiring hundreds of thousands of dollars of engineering.

We're gonna run our own ads, and then once we run our own ads, take that data, dump it to this for sale. Because the thing is, if you run your own campaign, leads are gonna cost us $20, $30 nationwide. Exactly.

Yeah, thing is I could reach out to other marketing agencies. Not even right now, nobody's gonna give us any data. I mean, if something's not working we can always adapt.

Yeah, I have to go in a little bit. I'll come to the office. Listen guys, so next week we have the lull, we're going to continue building out updates from what we talked about today and then we'll try and get some trial users in the system, beta users, getting a feel for the system, using it.

How about this — let's set up the people in the office with this. If you want the trial users, I can give you five, ten students and you can do them. Once you guys are ready for users, you let me know, then we'll get users.

So what's the next step? Yes, the next step is me and Cam are going to continue working on getting ads set up. We're going to start these ads next week to get homeowners.

You guys know how to run ads? We never got the ads. Are we going to go down that rabbit hole though? Do you want to know? I'm just saying, I hired you for ads, we ain't never got ads. Let's get some users in. Let's fucking close some deals.

All right, boys. No worries. As of right now, bro, build the platform, let's run our own ads, let's sell our leads, show people — like Zak said — show them a significant amount of properties sold or leads sold, then I can start reaching out to other PPL companies. Yes. And then we can do it that way. That's free leads for us.

100 fucking percent, bro. I'm telling you, man, these dudes will probably do it just to be posted on your fucking story. You could be posted like, "Hey, we just partnered up with fucking whatever XYZ firm," you know, now their leads are fucking being posted and sold, right? That type of shit, man. I'm telling you.

Bro, your community is going to be buying up other people's ads, other people — you'll be making money with other people.

Are we gonna work on Soldi too, like Facebook to get homeowner leads? It's not "Soldi," it's "Soldi" — Soldi is an Italian word for money.

Abdul, listen, that's a good idea. I think that's an option later on, but right now, bro, these wholesalers are Abdullah's students and they are his fucking entire follower base, right? So I think it makes sense to run ads on Soldi, but I think as of right now while we ramp up again nice and slow, we'll take it nice and easy, make updates as needed, pivot, adapt, and then continue to make a more refined product.

I'll spend $2K. I want to see what type of leads you guys bring in. Give us one week from now, let me go ahead.

Obviously not. Okay, perfect. Let's start that, and I'm down. I think that's pretty much a good call. Good stuff, thank you guys. All right, guys.

You guys aren't gonna run ads? I gotta take a call. Hey listen, we'll still talk about this. I need your ads for AK Callers. That shit's fucking dead in the water. Fire Toko. Fire Toko. Fire Toko.
opus — Synthesis opus
The team held a product sync on Soldi, a real estate lead marketplace being built for Abdullah's network. Cam and Zak walked through the live app — auction floor, bidding, portfolio tracking, leaderboard gamification, and live chat — gathering product feedback from Abdullah and Abdul on lead quality scoring, auction duration (24hr consensus), and comp signals (ARV, sq footage, 70% rule). The core strategic debate centered on Soldi's identity: Abdul pushed for a simpler lead-buying model while Zak and Cam defended the longer-term eBay-style two-sided marketplace vision. The team aligned on a phased approach — seed the system with leads from Abdullah's existing providers and self-sourced ads first, prove the concept, then pursue platform partnerships. Email sequences were cut from the MVP scope. Next steps: start running Chicago-only ads this week at $10-20/day, get 5-10 beta users within 1-2 weeks, and continue building out Stripe credits and the bidding system.

Transcript

4:00 PM - 5:37 PM PDTMicrophone
What's up, Kim? I accidentally submitted to Soldi by accident on the discovery. I accidentally pressed submit on the documentary build. Oh, whoops. That's okay, it's all stored in Cloudflare. It sounds like it's not an issue. I'm not sure if you looked by the time it had been pushed up, but I had added some additional stuff about setting up the site for inbound leads, for SEO and stuff.
4:00 PM - 5:37 PM PDTMicrophone
Let's see here. Yeah, I'll try and jump in for the Soldi product walkthrough as much as I can and I'll share my screen, go through the questions with them. Sweet, sweet.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, I mean, we can just sort of page through. Although, part of it's like, I built this fucking walkthrough. Do we want to just walk through it like that? Or do we want to — I mean, I'll show them the app. You probably are able — I use the walkthrough a lot. You want to use the walkthrough? Yeah, what I was going to say is that the walkthrough actually —
4:00 PM - 5:37 PM PDTMicrophone
Hey! Look who's back. What's up guys? What's up, what's up? Where you at, bro? He's joining in a second, he's downstairs in my apartment. Is he getting on the new phone? No, he needs to get us together with that, bro. Can you take this meeting from the car? You have to see shit. No, I'm right here, I just wanted to go get some bagels. I didn't have lunch. That's okay, you gotta be well fed for this meeting, so that's important. Minutes away, brother. That's even farther, bro. My office is right here. It's okay, it's okay. We better not go home at that point. Made do and accidentally pushed something.
4:00 PM - 5:37 PM PDTMicrophone
All right, so we've got three things we want to show you. We've got the Soldi app — wait, can you hear us? It looks like you're going now. I should have been at it tweaking, but you just want to connect this to his TV or to his car. Connected now? Who the fuck is that? Abdullah? Bro, you look amazing, Abdullah. I didn't know. Golden hour lighting or something, I don't know.
4:00 PM - 5:37 PM PDTMicrophone
Hey, what up? Oh, our asses are definitely needed. Hopefully. I hope to God. Well, I can't call another pretty — you gotta go crack the whip with Abdul. Not even at the crib, bro, he got students with him.
4:00 PM - 5:37 PM PDTMicrophone
All right, well I'm gonna just page through the app while we're waiting here. No, no, yeah, yeah, yeah, go ahead. Yeah, just some light, you know. Let's see here. Oh, sorry, I'm roasting them. It's okay.
4:00 PM - 5:37 PM PDTMicrophone
Abdul? Abdul. Yo. What up? Yo. We need you to know about this, bro. You get to the office and jump back in, how about that? That sound good? I can hear you guys. All right, you want to just go to the office and meet us when you're ready at a desk with the computer out? Yeah, I need five minutes. All right, take your time. No, no, don't take your time. Well, yeah, I mean, within reason, hopefully. No, bro. Make sure Abdul's there too. Abdul's at my crib, bro, I don't know what the fuck he's doing downstairs. That's what I'm saying — he's at your crib but he's not there. Make sure he's there. Yep, nah. I'm going to call it the ice, don't worry. Hurry up and get back in. All right, see you guys. Get back in. Yep.
4:00 PM - 5:37 PM PDTMicrophone
God damn it, dude. The effort is a little not good. Yeah. Well. Of matters, he showed up on time at least. Uh-huh. Yes. Yeah, no, I know that was hard for him. Was he prepared and ready to go? Probably not, but yeah, at least he showed up. Should have made it more clear that he needs to be at a desk. Yeah, no, it's honestly my bad probably. You just — you should have — I've been boring, Cam. It's my fucking fault, dude. Shit.
4:00 PM - 5:37 PM PDTMicrophone
I was hoping — it's just in the — it's okay, it's okay, it's okay. I've got some workflows in progress that I'm hoping will get finished before they're ready. I'm going to have to fire Duo Opera at this rate. You've got to manage someone else's money. Yeah, shit, I was really hoping that this was gonna have the —
4:00 PM - 5:37 PM PDTMicrophone
I'm adding a live chat feature so that if you go into one of these auctions you can sort of like chat with anyone bidding, so you can be like, "Damn, I want this one," and it's like, "Nah, no, no. I want this one." Ooh. Yeah, so I'm pretty excited for that. I don't know where the fuck it went though, I swear I'd implemented it earlier, so I've got to figure that out. But you can imagine on this page you've got some —
4:00 PM - 5:37 PM PDTMicrophone
What's missing, Cam? What's missing right now? What's missing is like the economic system behind it. There's no credits in the way that the system needs. So I'm just gonna set up the Stripe integration and allow you to say, okay, I want this many dollars in the system. So people got to pay up front to put money down, so there's no issue with like fucking escrow, basically, or the equivalent to escrow in our bidding markets. There's obviously some battle testing stuff, which is like multiple users on the same site bidding for the same property — or lead for that property — so we're gonna test that in the coming weeks. We're gonna get some free images.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, can we get some users in the platform this week? What, this week? And maybe to like click around and stuff? Sure. Buying properties? No, or buying leads? Yeah, but yes, totally. We can get people signed up. We should be able to sign up today, you know, where things are currently set up. Let's not encourage Abdullah to do that just yet, but you know, currently he can technically do it — we're not going to stop him from doing it. But there's just a handful of things that we're going to want to sort out. The comparable stuff, I want some additional features.
4:00 PM - 5:37 PM PDTMicrophone
Feedback from Abdullah — I think I started a question about that. I asked her a question, if you could hit those. All right, cool. I think more time — I think it was just, we don't need to rush it. It can be longer. I'd rather go over the fucking — I'd rather be thorough as opposed to be fast, you know.
4:00 PM - 5:37 PM PDTMicrophone
And then also, we're running the floor. Page 10, page 11 on the discovery is empty, the specs, which is fine. Oh, where? Sorry, I need to — it's just a placeholder. It's all good. It just says "spec" in the docs. Product walkthrough, page 9 and 10. Oh yeah. So this is what's missing right now, right? So these are the two things. It's funding the floor, so putting up your money. That's what I was saying. And then there's the running the floor, which is like the admin panel basically. Like how are leads getting added into the system? How do you set the price? And that's it.
4:00 PM - 5:37 PM PDTMicrophone
And then there's a bunch of these open questions about the product here that'll sort of just — I think it's coming together, dude. It's coming together. What can I say, I'm kind of good at building apps now. I don't think it's you. This is our work. We're good at building apps. That's what I'm saying. I know.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, I didn't hear it weird, the first statement. What I said — we. I said we. Don't make me pull up Platypus, dude.
4:00 PM - 5:37 PM PDTMicrophone
Abdullah just joins and then drives. It's like I heard Platypus got dipped. Yeah, just like on something. It should be a — oh shit, I do have the messaging up. It's just not like live. I was gonna say, I was like, fuck man, there's no way I forgot that. Yeah, see here, if you click this — which, where the fuck did it go? There is a way to sort of like display the messages here. I don't know, where the fuck — seriously, bro.
4:00 PM - 5:37 PM PDTMicrophone
If Abdullah's at the office before Ray's back on the fucking phone, we might have to push this fucking meeting. Do you have a WU by the way? Yes I do. 7,000. Oh, it worked? 301 plus 210 minus 15. Minus 15. 50, 15, 15, 15. Can you just do the math real quick? And this can be — how much do I — oh damn it, I'm missing — I'm going to charge your commission for anything. Better go get a dual too.
4:00 PM - 5:37 PM PDTMicrophone
I'm doing — where the hell you been at, my guy? Well, it's good, mate. Where the fuck your brother at? Where your brother joined, bro? In the call with Danielle. You can't hear us? Why can't you come rob this thing, bro? Now, yes.
4:00 PM - 5:37 PM PDTMicrophone
Oh shit. Can you hear me? Yeah. What's up, Mr. Bell? What's up, my bad, Roman. A little bit of meeting, a little bit over the board. It's all good man, I'm glad to see ya. What's going on, man?
4:00 PM - 5:37 PM PDTMicrophone
We told him to get to a fucking office because we couldn't have them in the Lambo with the fucking students, and so he's going to the office right now to get into a stable spot here.
4:00 PM - 5:37 PM PDTMicrophone
How's your trip, man? Oh yeah, bro. You hit Italy and Morocco, all that? Yeah, I went to Italy on the day. Cuomo. And I went to Spain, man. Yeah, shit sounds sweet, dude. I'm jealous. Bring me next time.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, so Zak told me you went through the wilderness. Go where, what? The Wilders? Oh yeah. I can't — but dude, look at this sunburn, man. It's fucking crazy, dude. That's my arm. That's like — wow. It's crazy. I'm just like fucking right down here. It's like I got a horse cock on my arm. Sorry, what? Yeah, sorry. I get carried away sometimes. Wow.
4:00 PM - 5:37 PM PDTMicrophone
I did go camping this weekend. Did you enjoy? Unplugged a bit. What was that? Did you enjoy? Oh yeah, it was great. I hadn't been camping in over 10 years basically, except for my ex-girlfriend brought me camping once, but it was like — you know what glamping is? No. It's like glamorous camping. That was like the closest thing I had done to camping previously in the last 10 years.
4:00 PM - 5:37 PM PDTMicrophone
But yeah, it was nice to reconnect with my roots. I also hadn't let my phone die and stay uncharged for longer than 24 hours in 10 years either. So it was crazy to just like unplug, not look at my phone, not be on the computer. It's like a mental break. Yes, totally. That wasn't the point or the plan, but that ended up being what happened. So I'm glad about it.
4:00 PM - 5:37 PM PDTMicrophone
But we got a lot to do, obviously. So, you know, got back, got straight to it, hopped on with Zak. Said, man, how's the app coming, Zak? How are you? How's programming the — yeah, I know. Thanks for the invite, Zak.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, he was hard at work over in Arizona figuring out his escape plan. Figuring out how to get the phone out of Chicago, bro. Yep. Which is what we're doing right now on this call. This is how we're gonna get everyone out of Chicago and into Miami. You got another job too?
4:00 PM - 5:37 PM PDTMicrophone
But yeah. Oh yeah, I'll do that back, guys. I'm working for Plex, which is my dad's company. I'm doing some — what was that? So you're busy all day? Oh yeah, man, I'm working 14 to 16 hours a day. Wow.
4:00 PM - 5:37 PM PDTMicrophone
You've been able to do a dinner? What? I have been going to the gym. I did fall off a little bit though. You would be very sad. I was doing so well and like the last two or three weeks I just haven't been on my grind. So I really need to get back to it. I'm missing it bad. Have you been good on that? I'm going to go back. I'm starting back. You're getting back in the habit too? Okay, good. I'll hold you to it.
4:00 PM - 5:37 PM PDTMicrophone
Me and Zak are going to — scored five. Ride yesterday. I just bought a bike too. No way! An e-bike? Yeah, mine is Segway. Oh, sick dude, those are fun. That'll be good to just, you know, get the blood flowing, travel around. You know, sometimes it's kind of a pain in the ass.
4:00 PM - 5:37 PM PDTMicrophone
Chicago, bro, the lakeshore is a beautiful view, bro. Oh yeah. I mean it's like one of the best places to bike in this fucking country, I swear to God. Yeah, 100%. I miss that. I used to bike so much and I haven't touched a bike in months now. It's sad. You've been biking all the time since you were a toddler, right? Well, yeah, dude. I used to bike everywhere, solely biking.
4:00 PM - 5:37 PM PDTMicrophone
Basically no Ubers, no train, just bikes. I did a thousand miles on the Divvy bikes, bro.
4:00 PM - 5:37 PM PDTMicrophone
So you go through the whole city?
4:00 PM - 5:37 PM PDTMicrophone
Yeah. There's not many parts of Chicago that I haven't biked through, including the parts that you're not supposed to bike through. I have almost gotten killed on the bike too.
4:00 PM - 5:37 PM PDTMicrophone
For real?
4:00 PM - 5:37 PM PDTMicrophone
Yeah.
4:00 PM - 5:37 PM PDTMicrophone
Is it dangerous biking?
4:00 PM - 5:37 PM PDTMicrophone
Oh yeah. I mean, it just depends on where you're doing it, at what time, and how well you bike. You know, if there's bike lanes, you're usually pretty safe. But there's some parts of town where you're going and suddenly there's only one lane for you and the car to be on. There's no place for you to go to the side, and you basically have to share the lane with the car, and that's when it gets really dangerous. Like Irving Park Road, for example, there's a lot of parts on Irving where there's just nowhere to bike safely unless you go on the sidewalk. So it can be a little dangerous in that sense.
4:00 PM - 5:37 PM PDTMicrophone
And they don't have a bike lane?
4:00 PM - 5:37 PM PDTMicrophone
Basically there's nowhere for the bike to go. So you have to bike where the cars are. And that's got to be the most dangerous way to bike in Chicago for sure. But if you just ride in the middle of the lane, dead center, like blocking the cars, it's safer than if you were on the side slightly making it look like there's a bike lane. So you basically have to block traffic in order to get through safely.
4:00 PM - 5:37 PM PDTMicrophone
Anyways, it keeps things exciting, Abdul, you know? The spice of life is the excitement that, you know, a road-raging driver at 6 p.m. brings.
4:00 PM - 5:37 PM PDTMicrophone
What was that, Jackie yelling? Cursing him out?
4:00 PM - 5:37 PM PDTMicrophone
Yeah, Zak would be doing that if he was riding a bike, if he was in a car, or if he was on a horse. Zak is just cursing people out. If he's got something to say, he's got something to say.
4:00 PM - 5:37 PM PDTMicrophone
Oh God. But yeah, I need to get out to Chicago again, man. I think we got to schedule a bike ride at the very least.
4:00 PM - 5:37 PM PDTMicrophone
Yeah bro, I got this — I have a regular bike but I want to get the electric one, bro.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, me too, man.
4:00 PM - 5:37 PM PDTMicrophone
It was a little bit expensive though, it was like $1,700.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, that is pretty pricey. Although a good bike is usually like $1,000 to $2,000 bucks, so it's not like insane. But it is expensive, obviously. Nobody's throwing around two bands on a bike willy-nilly. But I'm like, bro, whatever. It'll give me some cardio, you know?
4:00 PM - 5:37 PM PDTMicrophone
No, I mean, you gotta look at it almost like buying a gym membership. You know, like you could spend $1,200 a year going to Lifetime, and obviously you can still do that, but you know, you can get some shitty gym membership or you can bike everywhere — you have a mode of transportation and it burns calories. I also like to bike. I feel like for me it's a stress reliever.
4:00 PM - 5:37 PM PDTMicrophone
Totally, man. You know what a runner's high is?
4:00 PM - 5:37 PM PDTMicrophone
Yeah, it's like that. You know, just get the hormones flowing, get a little dopamine release.
4:00 PM - 5:37 PM PDTMicrophone
Well, talking about this is making me miss a workout. Like I'm craving it now.
4:00 PM - 5:37 PM PDTMicrophone
The time goes by so fast, bro. No fucking kidding, man.
4:00 PM - 5:37 PM PDTMicrophone
So what, do you work from like eight to eight?
4:00 PM - 5:37 PM PDTMicrophone
Yeah, basically. I mean, sometimes since as early as 6 a.m. because I'm doing work in Chicago. That's like my main job, is Chicago, and then...
4:00 PM - 5:37 PM PDTMicrophone
How is that going? Because they're going to go out of business? Are they doing better? Or do you think it's a stable job?
4:00 PM - 5:37 PM PDTMicrophone
They fired my only coworker. So I'm like the only employee left at the company.
4:00 PM - 5:37 PM PDTMicrophone
Wow.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, so they basically told me that I am going to be at the company as long as the company exists. I am the person of last resort.
4:00 PM - 5:37 PM PDTMicrophone
Is he done? Yeah, but he thinks he's at a rap music shoot and then making sure he's fucking two hours late.
4:00 PM - 5:37 PM PDTMicrophone
Abdul, I forgot what I was talking about. All this fucking 50 Cent got me distracted.
4:00 PM - 5:37 PM PDTMicrophone
Okay, so now — I mean, I'm sure he's just driving the 25 minutes he needs to go to the fucking office or whatever. I don't need to hold the house. I'm going to take a piss.
4:00 PM - 5:37 PM PDTMicrophone
Abdul, how does that sound, by the way?
4:00 PM - 5:37 PM PDTMicrophone
Good. You have everybody here?
4:00 PM - 5:37 PM PDTMicrophone
Oh cool. Yeah, I was just gonna say, Jersey Mike's is great because it's one of my favorite sandwiches. I don't know if we made it well this time but I hope that it did.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, the people are pretty good. But you know how it is now, I don't know how long it's going to take. Whatever. Then we gotta reschedule?
4:00 PM - 5:37 PM PDTMicrophone
I'm hoping we can get it done. I do gotta finish up some taxes and stuff too. So I'm gonna work until like 8, 8:30, but I'm gonna do it tomorrow too. I mean, I think we're gonna do it tomorrow. All on the same page, we want to get this show on the road for sure.
4:00 PM - 5:37 PM PDTMicrophone
His phone is busy. He's on the call with us. He has multiple phones. I mean, I really can't do anything. He hasn't said anything at all, you know?
4:00 PM - 5:37 PM PDTMicrophone
What was the craziest promotion? This happens on Google PPC right now, guys — if you spend a thousand dollars, they're giving you twenty thousand dollars in ad credit.
4:00 PM - 5:37 PM PDTMicrophone
What on earth? A thousand dollars in two months?
4:00 PM - 5:37 PM PDTMicrophone
And again, if you're eligible, they give you twenty thousand dollars, bro.
4:00 PM - 5:37 PM PDTMicrophone
What do you have to be eligible for?
4:00 PM - 5:37 PM PDTMicrophone
Not much, just like a new account basically.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, which means we're totally good for this if we wanted to blow ten bands on ads, you know?
4:00 PM - 5:37 PM PDTMicrophone
Yeah, I had a company that was doing it right now. Holy — I screwed up.
4:00 PM - 5:37 PM PDTMicrophone
What do you mean?
4:00 PM - 5:37 PM PDTMicrophone
I just screwed up. I locked myself out.
4:00 PM - 5:37 PM PDTMicrophone
Oh dude, I can get you in there. What door you at?
4:00 PM - 5:37 PM PDTMicrophone
The business center.
4:00 PM - 5:37 PM PDTMicrophone
Oh man. Getting the key from my guy. We're getting there, man. But the days go by so fast, bro.
4:00 PM - 5:37 PM PDTMicrophone
Yeah dude, you wake up at 1 p.m. summertime.
4:00 PM - 5:37 PM PDTMicrophone
I woke up at 10 and I called you.
4:00 PM - 5:37 PM PDTMicrophone
No, you called me at like 12, bro.
4:00 PM - 5:37 PM PDTMicrophone
No I didn't, check your logs, man. I want to get a haircut. Love and support.
4:00 PM - 5:37 PM PDTMicrophone
He's right, but he was in bed though. So what time did you actually wake him up? Did you go back to sleep? No, I was already taking calls from before I called you. Probably like, I checked my phone, looking at some properties. Easy money. Me too, brother, no, it sounds like it.
4:00 PM - 5:37 PM PDTMicrophone
What's going on with the trainer, bro? Where do you go, bro? What do you mean? I'm down, I'm down, bro. We have to go out to the line. Let's get it, bro, I'm looking like blue clothes, bro. I'm trying to do jiu-jitsu too, you trying to do jiu-jitsu?
4:00 PM - 5:37 PM PDTMicrophone
Wait, wait, wait, Abdul, before you snuck down, where are you, bro? Don't smoke that in the garage, man. That's not a smart thing to do, bro. What are you doing, man? Bro, can you not smoke that in the garage, man? Bro, I'm telling you guys, it'll get me fucking popped, dude, especially at fucking 6 PM, bro. Come on, man, don't worry. Whoops. I apologize. Is it good? It happens. To the best of us.
4:00 PM - 5:37 PM PDTMicrophone
I love the easy money. What the frickity frick for? Just take the keys and go by outside. You're right there. Yeah, yeah.
4:00 PM - 5:37 PM PDTMicrophone
I'm gonna close the corner real quick. What are you doing? All right, this portion of the meeting, man, goes out in the main town. Next week's, use anything, telling? Yep, sounds like a plan. All right, Abdul, wrap it. Next week, Tuesday, same time, I guess. I think we should push it for like tomorrow. They're not gonna do it.
4:00 PM - 5:37 PM PDTMicrophone
Are you coming back down or are you going to go home? No, I'm coming back down. Yeah, let's push to tomorrow. I do want to get it started. I mean...
4:00 PM - 5:37 PM PDTMicrophone
Well, hey, Abdul, just to clarify, we're not stuck and we're not waiting for anything. Zak told me today that we want to run ads, start running ads, as he told me. No, we do, we do. But this is more just like a sync-up. Here's what's done. Here's the plan for the next four weeks, which includes ads. That's why he called you about that today. We just wanted to make sure that we're all on the same page about what's happening, what our plan is, and what we can expect over the next couple of weeks.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, because we've got a busy month ahead of us. We're trying to bring on beta testers. We're trying to start sourcing leads. And we're trying to get this engine rolling and figure out very quickly what's going to work, what's not going to work. And we're going to do that regardless of whether fucking Abdullah can make it to this call right now. But in the interim, that was all we really wanted to discuss and make sure we're all up to speed.
4:00 PM - 5:37 PM PDTMicrophone
For the love of God, bro, can you stop smoking a cigarette, bro? I don't understand why you keep fucking doing it. Just put it out and go outside. I am, I am. Oh, it's done. Hey, it's the thought that counts. It's the thought that counts, okay?
4:00 PM - 5:37 PM PDTMicrophone
Yeah, so I mean, we're already sort of on the same page about the ads plan. We know exactly what we're targeting. It's a very closed problem set for what we're trying to do. Find distressed property owners trying to sell their houses. Those leads, we sell them on the platform. We're going to seed the system with leads that we're already getting from your existing providers and just sell them at a markup.
4:00 PM - 5:37 PM PDTMicrophone
It's no point in saying anything, bro. It ain't no point, bro. I'll just wait. It's for the fucking recording. I'm not going to wait for Abdullah at this point. We're going to reschedule it because it's 45 minutes past when our call was supposed to start. That's good. But I was saying it for our transcription.
4:00 PM - 5:37 PM PDTMicrophone
We can reschedule it for tomorrow, all around the same time. I can't do it tomorrow, bro, I'm busy tomorrow. You know, I'll be out of here, I have to get to the gym tomorrow at this time with my homie. Okay, well I'm gonna wait 10 more minutes and we're gonna hope — let me just text him to see if we can hold on. Just tell him to be honest. Is today going to work or do we need to reschedule for later this week?
4:00 PM - 5:37 PM PDTMicrophone
Is this nigga retarded, bro? Is it in the coffee? Okay, put the sandwich in the coffee. Okay, no, not that, but three years ago — toss the other half of the sandwich in the fridge.
4:00 PM - 5:37 PM PDTMicrophone
Oh, there he is. My goodness, bro. So it's literally, I got my money tied in and then these properties still — I think he got four closings or whatever, or the lender took the money back. So right now we really don't even know if we're gonna get our money back or not. Wow. Yes.
4:00 PM - 5:37 PM PDTMicrophone
All right, I'm here. That nigga, bro. I did not want her to join and say — I'd rather hear him not join at this point and be on a call for 20 minutes. I get you. I get you. This is what I could do for you. I'll speak with the team.
4:00 PM - 5:37 PM PDTMicrophone
I beat it again, guys. Hey, they said B2C, Cam. They said B2C. Like, we're leveling up. We're going B2B with this one, guys.
4:00 PM - 5:37 PM PDTMicrophone
That was crazy. You can smoke cigarettes, so you're being a hostage, please. The series don't point easy.
4:00 PM - 5:37 PM PDTMicrophone
Oh, my bad. Yeah, what's up, brother? Donnell's here. Think about it, he's a lot, man. My guys. All right, my guys. So, you know, a little 40 minutes, a little late here. Should we reschedule for more locked in?
4:00 PM - 5:37 PM PDTMicrophone
Just do it, I'm locked in, I'm in the office. I know, bro, it's just loud, there's other people around you, you're getting calls, you know what I mean? If you're sure about this — I'm ready, brother. Well, we'll make it quick.
4:00 PM - 5:37 PM PDTMicrophone
I think we're all sort of on the same page as far as approximately where things stand and what our plan is, but we'll just sort of walk through what's been put together. What is going to happen over the next couple of weeks, what needs to be done by everyone here, and what steps are going to need to be taken to go from here to a go-live date. So without further ado, I'll just sort of page through the system as it exists today. You'll recognize some of this stuff from the mock-ups, but in essence...
4:00 PM - 5:37 PM PDTMicrophone
One more thing, Abdul, if you want to follow along, I've got the link right here. Go ahead and click that link. That's the log information that's needed. So that is the demo app basically, and this is the walkthrough that I'm going to be showing us right now. I know both are relevant here.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, so I've got the second link pulled up here. And this first page is the auction floor. This is where anyone coming to our site will go and they'll see leads from various geos, different states, whether it's pre-foreclosure, divorce, what have you, the equity for those properties, and some sort of custom proprietary match score about how good a lead is. This is where there's a couple questions for you, Abdullah and Abdul, about what makes a good lead and what are the aspects and attributes that we're going to want to rank higher versus other leads. We've got some questions at the end we're gonna run through with you guys.
4:00 PM - 5:37 PM PDTMicrophone
So you showed me the link so I could click this? Yes, it's all in the chat. If you click on the second one, there's a walkthrough and you can just page along with me. Okay, getting that open right now. Okay, I have it open. All right, great. Yeah, so I'm on page two right now. I got it open for Abdullah right now.
4:00 PM - 5:37 PM PDTMicrophone
So live auction, the first of live auction, average price. Okay. I mean, he's sharing a screen. He's going to go over it with the screen. Yeah, so we'll go over all of it. If you have any questions, we'll stop. But it should all be pretty intuitive to you guys.
4:00 PM - 5:37 PM PDTMicrophone
Oh shit, I'm not even sharing the right screen here, my bad. That's exactly right, yeah, that's why I sent the original link, Cam. Yeah, that's my bad, that's why I sent the link for the login. Good, yeah, here we go.
4:00 PM - 5:37 PM PDTMicrophone
So these are the live auction floors, separated by the areas and the types of leads that are coming through. Why is the seller distressed, what's the equity situation, and other potential factors that might make a lead more relevant or less relevant. That's where we'll ask you a couple questions about what makes a lead good.
4:00 PM - 5:37 PM PDTMicrophone
Moving on, this is sort of like the bid page. Here we'll have some free images online from properties that we just sort of grab based on wherever the address is, so we can show where's the property, what's it look like. This shows a couple interesting metrics — the equity, the price per square foot, bed, bath, your basic financials. Our system believes that the equity is good or the motivation for the seller might be interesting for someone looking. This is a bid history graph.
4:00 PM - 5:37 PM PDTMicrophone
How is that determined, by the form they fill out? The lead form they fill out? Basically, we'll have an intake form for anyone that's coming from the local search ads online. And they'll be sent to a site that looks sort of like this, except it's basically just "you're looking to sell your property, fill out this form, we'll do the rest." And that's how we'll take the information and determine the quality.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, which I — we'll go over that. Sorry, Zak. No, I'm just gonna say, we can mess around with what the quality score index is, right? We can kind of mess around with that. You can call it AI score or whatever the fuck you want. We can get some magic with it.
4:00 PM - 5:37 PM PDTMicrophone
We're also adding live chat features. Anyone can go and say, oh, I want this lead, or whatever. And people will be able to chat, say, no, I want this shit, or, you know, I'm putting down 500 for this one. Stuff like that to create the social aspects, allow people to interact with one another in the context of the bidding process.
4:00 PM - 5:37 PM PDTMicrophone
You don't be raw, bro. Whoever buys the lead closes the deal. We should have another marketplace where they could just upload and sell their deal too. I love that. On the same platform. So it's like not just buying leads — buying leads, closing the deal, and now it's on the marketplace for sale. Yeah, that's great. Investors coming in, flippers coming in, they're buying shit, they're buying data, I mean they're buying leads from us, and also they're buying property. So that way the wholesalers and stuff that are on the platform are not just buying the list, buying the leads. If they missed out on it, they have an opportunity to buy the property.
4:00 PM - 5:37 PM PDTMicrophone
I love that idea. And they have one company called iSpeed You Lead, and they have another company — they call it Deal. If you want to search them up, iSpeed You Lead. They don't do that though. They have a disposition center too. They don't do disposition on their website. Yeah, they have high speed to lead. The other website is Dispo.
4:00 PM - 5:37 PM PDTMicrophone
Just put "my lead." Yeah, basically "our sold" means money, which means bro, just on one platform. Because we have the same thing, we have Home Run Equity, right? So here you can — okay, buy the lead.
4:00 PM - 5:37 PM PDTMicrophone
Cam, that's a nice property. That's a nice property, Cam. Yeah, you like it? East Camelback Road. Yes, sir. Yeah, there it is. Arizona. Yeah, there it is. Yeah, this is my sister's place. I'm kidding.
4:00 PM - 5:37 PM PDTMicrophone
There's a couple Easter eggs here, like, you know, the names and references. It's all just stuff that only you guys would know about. And not like — yeah, it's like Call of Duty.
4:00 PM - 5:37 PM PDTMicrophone
It's like Call of Duty zombie drug in a day, right? Yes, I mean like, you know, five hours running till level 70, doing all the easter eggs, finding every little fucking thing. Exactly, every little thing. Abdullah was going down at level four, dude, what are you talking about? Yeah, all right.
4:00 PM - 5:37 PM PDTMicrophone
And so just moving on a little bit here and sort of playing into what you're talking about, Abdullah, we have this page where you're supposed to be able to manage your pipeline. And here are the deals that I purchased in the system. Here's my expected value of that lead when we flip the property. You know, go through, filter what's coming up, what's potentially stale, what's under contract. You know, a lightweight CRM. Yes, exactly, a lightweight CRM. And this plays into exactly what you're talking about where like, can we control the entire ecosystem from lead to property sale? And we can continue to incorporate more and more of the process for both sides of the equation.
4:00 PM - 5:37 PM PDTMicrophone
You know, then what we could do once it's under contract — they should be able to list the property on our platform. And what's under contract, boom, under contract, you know. Yeah, I'll need to look into that because there might be some regulatory stuff that we would want to avoid, but I love the idea and I'll do some research to see what that would require. Exactly. But I think for now, we should plan on trying to integrate something like that, at least for the time being. We'll move under the assumption and then I'll build something out here.
4:00 PM - 5:37 PM PDTMicrophone
Here's the portfolio page. Another way to sort of track your metrics. I'll bring it up here. But like, you can imagine we're tracking all these deals. What's paid, what's turning into value for the customer? How many leads have I purchased? How many of them converted? And what am I paying for those leads? And allowing people to sort of aggregate their data on these different timelines and look, you know, like, okay, here's how I'm doing over the last 30 days, here's how I'm doing over the last three months. And giving them a place to go and look at all of the ways that they're gathering through the platform.
4:00 PM - 5:37 PM PDTMicrophone
This is another page where I think there's just a couple things that your guys' expertise here would be really valuable to figure out, like what are the most important stats to display to people? And like, what do people care about most? What do you care about most when you go to a page like this? And so we'll gather some questions or answers to questions from you guys on what your preferences are.
4:00 PM - 5:37 PM PDTMicrophone
Here's the sort of — this is my favorite page so far. We added it recently. This is the leaderboard. This is what we're hoping sort of gamifies the process a little bit and allows people to sort of flex, for lack of a better word. You know, who is the big spender on our platform? Who's turning leads into wins?
4:00 PM - 5:37 PM PDTMicrophone
Abdul will be fucking top number one on that, like four different companies. Oh, we gotta be fucking tough. Yeah, no, there's no chance. Well, I got clients in each of colors that have more callers than us. Yeah. Oh shit. I had a guy that had 40 callers, 20 callers, 8 callers. I got a guy that's spending 10K a month right now. I got a guy that's spending fucking 40, 50K a month. Like, I got fucking spenders, bro.
4:00 PM - 5:37 PM PDTMicrophone
Well, we gotta get them in our system, that's what's missing. We just gotta give them the platform to do it on. So you can imagine how this could be really fun. We might add some features where you can share it to social media. So you can say, oh, I'm number one on the leaderboard, or I'm number one in this geography, or I closed more deals than anyone else on Soldi this week. You know, things like that that might encourage sharing on social media.
4:00 PM - 5:37 PM PDTMicrophone
I saw fucking Kalshi on fucking all over fucking Snapchat. And they're like, you know, hey, what if I told you that you could fucking make money by knowing whether it's going to snow today? Yes, people are betting on the weather. Oh no way, I do that shit.
4:00 PM - 5:37 PM PDTMicrophone
Two fucking people, two kids running around saying, oh yeah, you could do that. Hey, what if I told you to make money in real estate? There's a platform called Soldi where you can learn how to make fucking gifts, you know, shit like that, bro. Exactly. On the ads, spend a thousand dollars a day, you know, fucking — after we test it, spend 50 bucks, 200 bucks. But that's why we have to do it.
4:00 PM - 5:37 PM PDTMicrophone
No, that is the key. And I think you're getting at something super important, which is that we gotta be on Snapchat, Instagram. We gotta be fucking running ads. I think the ads portion of this, both for sourcing leads and for bringing users, is going to be huge.
4:00 PM - 5:37 PM PDTMicrophone
And if we can sort of — do you guys know what astroturfing is? No. It's basically like, imagine if I was Kalshi and I sneak into a room where everyone thinks they're just normal people, but I'm secretly working for Kalshi, and I go and I say, you know what happened this week? I made like $5,000 on a bet I made on Kalshi. And everyone's like, whoa, how'd you do that? It's like, oh, so easy. I just went on my phone and downloaded this app and I made the bet and I knew it was going to happen. I made 5,000 bucks. And nobody knows that it's actually Kalshi secretly advertising to them.
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And I think that is the key to how we want to advertise Soldi. People don't even know. Go to the back end, go to Meta back end, look at all the ads Kalshi's running. Remake them. I mean, I think so. I think that is the key. We should just take a page out of their book and copy them word for word, bar for bar, because we know it works and we know people are interested by this type of advertisement. So it plays to a lot of our strengths here if we can capitalize on this existing advertisement strategy on socials and drive a lot of traffic our way.
4:00 PM - 5:37 PM PDTMicrophone
So that's a really exciting prospect. Here's just like a simple activity feed. You know, I win a couple of bids, it tells me.
4:00 PM - 5:37 PM PDTMicrophone
So question, Cam — are we, because I was talking to Zak, right? So I did sign up with a new platform. There's some guy named Courtney. He does Facebook ads. He's been doing it for a couple years, he's been over like — he said he spent about 30 million dollars on ad spend. And he also does have a Facebook ad course for like fifteen hundred dollars and he shows you all the stuff that he does.
4:00 PM - 5:37 PM PDTMicrophone
I'm talking about this, bro. We're doing the same thing, bro. He probably built it using Claude, bro. We can get the same answer through Soldi. That's fine, that's fine.
4:00 PM - 5:37 PM PDTMicrophone
Are we gonna be doing just — right now what people are doing is Meta leads, right? Right now I'm using Chicago House 360, which is the other platform I'm paying $250 right now, but now some other platform is like $90 a lead. So I know nationwide, if you want a nationwide campaign, usually it's between like 50 to 70 bucks a lead. Do we want to go nationwide to some bumble area, or should we target like 10 or 15 metropolitan areas? For example, right now we don't know our cost per lead. Or should we stick in Chicago so we can see?
4:00 PM - 5:37 PM PDTMicrophone
Usually how he did it is that he got my deposit of five thousand dollars. Basically you can pay $250 a lead, or you can buy a 5K package which will give you like five or ten more leads for free. He only gave me 10 more leads for free, and that came out to $162. So our goal should be, if we can have people coming out the gate and give us five grand instead of $250 a customer — okay cool, I'm saving about 80 bucks a lead. But for him, he got the $5,000 and then he started marketing in the area, because in the beginning it was slow. But he said it takes about 72 hours or whatever timeline to get the leads going, and he said it's all exclusive leads to me.
4:00 PM - 5:37 PM PDTMicrophone
But that's the way that people are doing it — as exclusive. Or we can still do it like how Properti does it, where we have a setup that is a bidding system. Some people like the bidding system. Obviously we don't have to test and trial on what it is, but if somebody wants to give us like 5K upfront or something like that, a package, then we can be like, hey cool, these leads that are gonna come in, it's only gonna be exclusive to you. We can also have those type of clients too. That's just my thoughts on that side.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, so I think your ideas are great and are totally sound and align a lot with what we're trying to do. I think as far as this $5,000 lead package thing, I think the way that—
4:00 PM - 5:37 PM PDTMicrophone
Or like a $2,000 or whatever package we make.
4:00 PM - 5:37 PM PDTMicrophone
Well, so I'll tell you right now, it's probably not going to work exactly the way you describe, but what we're going to do — and I'll get to this in this little presentation here — basically, in order to buy bids or leads in the system currently, in the Soldi system, you need to put down money. You're getting credits. And what we might be able to do is offer special credits for certain types of leads, like exclusive leads, where you might pay a little extra, or you might have to put down a little bit more money than you normally would, and you get access to this different class of leads. And there also might be another way where we can say, oh, you're spending this much money, let's give you a 5% discount on your credits. So you spend a dollar in the system, it only costs you 95 cents. Systems like that — because we control the currency in the system, we can control what value that delivers to the user. And that might be how we play around with that and experiment with those potential lead strategies.
4:00 PM - 5:37 PM PDTMicrophone
But you're getting at one of the core elements of this business, which is that we need to figure out a system that is going to constantly seed Soldi with leads. And there's three ways to attack that, right?
4:00 PM - 5:37 PM PDTMicrophone
Number one is our ads and the stuff we do. Number two is going to be a second layer that I think could work — I've been talking about this — a cold call option layer, where we can sell cold call leads on the platform. We don't have to tell them it's a cold call lead? Yes, we do. We absolutely do. Because they are going to be worse leads, and if you call them, they're going to be like, hey, you filled out a form. And they're going to be like, yeah, we didn't fill out a form, we got a fucking random cold call. We have to let them know it's a cold call lead, and we charge accordingly for that lead.
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And then the third way is by you partnering up with these companies and buying these leads from them at a fucking very steep discount. You already have the relationship across these firms — all you have to do is buy more leads from them, get a really competitive rate, then we can resell them on our platform. Number three.
4:00 PM - 5:37 PM PDTMicrophone
And then fourth, you try and get in contact with the people who are running these tools or in these platforms and get them to actually sell their leads on Soldi as well, as you start to do business with them.
4:00 PM - 5:37 PM PDTMicrophone
So there's four different ways that I see this shit filling the system with leads. And each of these distinctly is going to fill the leads in Soldi at different times. So right now the ad stuff is not going to be, you know, majority of it — maybe 5%.
4:00 PM - 5:37 PM PDTMicrophone
Right now the majority of it's going to be these cold call leads and the fucking leads we get from you, Abdul. Yesterday you showed me 91 bucks a lead from 365 leads. We want to get those leads, put them in the system, and it's all up for 100 bucks. You said PropStream sells the exact same leads for 250. No, yeah, they sell for 250. There you go. I mean, $91 leads that you're getting for $250 right now, right? So that's number one, that's what we have to focus on. Go ahead, Cam.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, I was just going to add one important thing about the way that we're building this system — it makes sure that we make money no matter which way the transaction is heading. And what I mean by that is no matter what, Soldi takes a fee for a lead changing hands. So it doesn't matter how much the lead is getting sold for. We might be sourcing the leads and making a profit on that, but no matter what, if the lead is changing hands in our system, we're making a cut on that. It's probably five percent, maybe it's ten percent, I haven't figured out the exact number.
4:00 PM - 5:37 PM PDTMicrophone
Are you saying that we should — are you saying that we're not people running the ads, that we should get other people, other companies, to provide the leads to us? I don't know why they would do that.
4:00 PM - 5:37 PM PDTMicrophone
To have the platform. So the idea is that you might be able to get more money for the same leads on a different platform, and Soldi creates this.
4:00 PM - 5:37 PM PDTMicrophone
Who's gonna give us any lead, bro? Why would they give us leads? They're selling their own leads.
4:00 PM - 5:37 PM PDTMicrophone
Well no, why would we get more? For authority established. Listen, a couple different things, right? This gives people access to the list network, number one. So if these individuals who are running these companies value Abdullah's fucking place in the market, they're going to know that his team and his people and his connections are using this fucking platform. And they want to tap into this man's fucking connections, bro. If I was running a fucking PPL company, bro, no matter how many people I had on it — 500, a thousand — and I heard and I saw Abdullah was fucking turning his old PPL into something where I could fucking make money with him, bro, partner up with him in a way, I mean, that's a no-brainer, right?
4:00 PM - 5:37 PM PDTMicrophone
It's not just like, hey — we're not trying to take money out of their pocket. We're just trying to create another place for them to sell the leads.
4:00 PM - 5:37 PM PDTMicrophone
Exactly. Why? Because if they sell us a lead, they're gonna put that same lead in their platform too. Which is fine. That's fine. I bet you Soldi gets to sell faster, right? Now that's what we think — that we have enough time so we can get to the point where we could have had our fucking shit sell faster than their shit. They see that happening, they're gonna be pushing.
4:00 PM - 5:37 PM PDTMicrophone
But I mean, in that case they already have established clientele. We don't have anybody yet. That's why we have to seed the system with our leads too, you know? We buy and then we use it. It's a two-sided marketplace, and it also gives them a second vertical to make money on, right? They get to make money.
4:00 PM - 5:37 PM PDTMicrophone
It's amazing how I found these companies, bro. They all targeted me on a Facebook ad. So are we gonna run ads on getting wholesalers or flippers?
4:00 PM - 5:37 PM PDTMicrophone
That's what the whole marketing and brand strategy we would do with Abdullah, right? And we were running ads on the back end to get people to set up with their home that they're just fresh property. But in terms of Soldi, like the actual Soldi ad, we could run ads for Soldi if you wanted to, but I think at first we have enough firepower that we can just go through Abdullah for now. Me and Cam and Abdullah can come up with a unique game plan, come up with some copy, choose some shit, recreate their online presence throughout and get them going.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, so I think it's important to think about Soldi. What we're trying to do is, yes, part of this launch will require us to go and source leads, and yes, part of this launch will require us to market and bring users into the platform. But really we're trying to create a platform where people are able to distribute, sell, and buy leads. We don't care where the leads are coming from as long as they're advertised as what they say, and people are paying the fair price that the market decides, and as long as we got our cut, it doesn't fucking matter. And that's where economies of scale become extremely powerful.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, exactly. You have a thousand users, they buy one lead a day, you only get maybe five bucks on every lead. But then you grow your user base to ten thousand, each buys one lead, then suddenly you're making $50,000 a day. And then you 10x that, then you're making $500,000 a day just because you're only helping a group of people sell or buy one lead more than they would have without Soldi. It's all just making it easier for people to do what they were already going to do on a different platform.
4:00 PM - 5:37 PM PDTMicrophone
We got to run our own campaigns. We got to sell our own shit. I honestly don't see how they're going to, you know?
4:00 PM - 5:37 PM PDTMicrophone
Well no, that's how we start. We prove out the concept. We show, hey — exactly. We prove this out. Listen, we prove out the concept. We build the fucking user base. We build a fucking place where people are like, holy shit, leads get sold.
4:00 PM - 5:37 PM PDTMicrophone
On Soldi, right, whether it's a wholesaler who goes there or a person who owns a PPL company, we're going to build it into a brand where eventually we make it a two-sided marketplace and double up our fucking revenue. We go from just our own stuff, build that client base, become big enough, get enough people using the platform, moving up leads, that they see that they want to join. We don't want revenue. That's what happened with ISP to Lead. ISP to Lead started doing it to where if you're a call center, if you are a marketer or whatever it is, sell us your leads, we'll sell them on our platform and we'll do a 60/40 split. We're doing much more competitive splits for a whole bunch — I mean, we're gonna mop the fucking floor. If they're doing a 40/60 split, because we're telling you bro, we come in lowest. Fuck dude, I'm telling you, we scoop up the market and then we raise the prices later on when everyone's addicted, everyone's on this shit. We raise the prices for them, bro. But as of right now, we get them in the door a couple percent — one of the easiest and best places and one of the most confident places that you know your leads will get sold.
4:00 PM - 5:37 PM PDTMicrophone
We gotta get females who know marketing for this shit. Yeah, I mean, Damn is the one that is great at picking everybody, you know, like interview style. We got to do the interview style because culturally that's what it is, bro, it's interview style.
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Well, and Abdullah, that is part of the reason why you're so critical to this, because you understand the market and how people are getting products like this into more people's hands better than anyone else here. And I think with a very targeted marketing plan, we can run short — 30, 40, 50K aside from marketing, bro. We'll go ham on the shit, you know? We'll continue to ramp up. We bring in more users, we start catching traction, we start throwing money in the right direction. And you guys know what the flywheel is? It's like you start spinning it and suddenly your business is growing and you literally can't stop it. It's just snowballing bigger and bigger.
4:00 PM - 5:37 PM PDTMicrophone
What are you doing? Can you guys hear my screen? Yeah. Okay. I was going to get through these questions. Can you — if you want to finish the program, should you go ahead? I didn't stop. Yeah. So I want to make sure we get those. Yeah, all the questions are also in here, and we can just sort of walk through them at any point.
4:00 PM - 5:37 PM PDTMicrophone
But anyways, here's the comparable stuff. We had sort of got a question. I've gone over this before. I think this probably needs a little work just because — yeah, let's think about it because it's most important for you. There's more to the comparables here where we might be able to sort of show something interesting that people would actually get value from. I'm not exactly sure if this is doing it, but this is what's currently being generated — similar properties, you know.
4:00 PM - 5:37 PM PDTMicrophone
I was on a call with someone and they just built a platform. And this platform, how it works, if you type in the property address, it'll give you the comparables and it also will tell you which flippers have bought it, how much they bought it for, and what landlords are buying properties for. So we could have it showing flippers are buying for this much, landlords are buying for this much. So it's like an ARV value, automatically, before you even run the comps. If you get it for — it might be verbatim, like "do comps," it'll do comps for you. This price — bro, you already know it's gonna sell.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, I mean, so I can absolutely look into sourcing that data and that's exactly the sort of feedback I'm looking for, which is like, oh yes, this would make it much more valuable. I mean, I think we're pretty close here as far as —
4:00 PM - 5:37 PM PDTMicrophone
If you go to ISP to Lead, you can see how they're doing it. If you want to check it out real quick — when you buy a lead, to make a user account is free. You'll see how they sell the leads. So you guys first, bro, and he doesn't know what the heck to do, what to offer, what this is. This is an example that I want to give you. Yep. You go down to what you need. You'll see how they do it.
4:00 PM - 5:37 PM PDTMicrophone
Exclusively, okay cool cool. Open details. You can make it through your account. Sure, sure. You're going to have to give me some videos.
4:00 PM - 5:37 PM PDTMicrophone
Also have like a coupon club — if you want to register the coupon, if you want to do monthly, you know, like if you're a partner, a subscription model. You pay like a hundred bucks a month and then you get cold call leads, a coupon lead for 30 bucks a lead. That's a good promotion, right? We got new promotions that encourage people to buy more.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, I think that's where we'll have a lot of latitude as far as what can we do and what can we experiment with.
4:00 PM - 5:37 PM PDTMicrophone
Frankly, I have no idea what the fuck happened here. It made me sign up and then it took me to book a demo. Here we go, pretty good, pretty good.
4:00 PM - 5:37 PM PDTMicrophone
Okay, yeah. So there's a lot to learn from these other platforms for sure. I think we're going to want to challenge everything we understand about what other companies are doing and try and think differently. Because we know that these are profitable models, but what is going to take it to the next level? What's going to make it mainstream? What's going to completely change how people think about real estate and real estate wholesaling with this application? That's what turns this from a million dollar conversation into a billion dollar conversation.
4:00 PM - 5:37 PM PDTMicrophone
That's the thing, bro, in general, because it's not just the wholesalers that are going to be on our thing. It's people that are going to be flippers, people that want to buy and hold. You want to buy a house? Go to fucking Soldi.
4:00 PM - 5:37 PM PDTMicrophone
And if you want a fucking deal, go to Soldi. You know, it's not just wholesalers, bro. Yeah, no, you want to tap into every motherfucker that wants to do real estate.
4:00 PM - 5:37 PM PDTMicrophone
All right, in an effort to save some time, let's go ahead to the next one. So what's next here? This is the sequence of stuff. I'm not going to spend too much time on it. This is like what we had spoken about, we're still figuring it out. Yeah, it's like the classic sequences — really lightweight sequences you can run for folks. Like emails, text messages, super simple. "This property — I got a question for you," stuff like that. Anyways, so that's what we got set up here, but was that good? Do you think we even need that, or do you think it makes sense to have the automated sequences, or is that a headache?
4:00 PM - 5:37 PM PDTMicrophone
I don't know, it just seems like it's certainly a premium feature if you ask me. We're gonna have to pay for the backend for the emails. I agree. I just don't think it's worth it. I think we should scrap it.
4:00 PM - 5:37 PM PDTMicrophone
Well, I think — when do they get an email? So this is to set up your own email sequences. In the same vein, you can use this as a CRM — like this is a way to use it as a CRM with email automations. That's the idea behind this page. That's what we're sort of building toward.
4:00 PM - 5:37 PM PDTMicrophone
This makes it more complicated. It takes a long time and it's gonna have the option of breaking or going wrong. Exactly, it's not worth it. Okay, yeah. It is a good option though — sequences.
4:00 PM - 5:37 PM PDTMicrophone
So it's important to understand, we are doing two things right now. We are planning the minimum viable product that we need to take to market, and that is the path for exactly the next four weeks. Then there's the product roadmap long term. And that might include this feature. That might include other features that might be interesting to people that are just looking for property, or just looking for a fixer upper or something. Things like that. Those are things that we can put on our product roadmap that don't need to get done in the next four weeks. So we're not saying no to sequences forever, we're just saying not now.
4:00 PM - 5:37 PM PDTMicrophone
I need to go to market, bro. It's been over 30 days. It's been two months — I don't know, over a month. And I was just — fucking, next 30 days, the next four weeks, let's just put the puzzle pieces together. Let's clean it up. Launch it. We'll have it.
4:00 PM - 5:37 PM PDTMicrophone
Abdullah, you may still have to figure out five to ten beta users. I've got a couple people in mind, but let's try and get some folks in the platform in the next week or two. Give it a look. Yeah, I mean, we'll do that, but we definitely want more opinions than just us. And I'm not saying we can't start testing with you guys, I'm saying we definitely want at least five opinions that are not ours. So that's just something we can do in the next seven to 14 days.
4:00 PM - 5:37 PM PDTMicrophone
Let's put like a small budget, ten, twenty dollars a day, only in Chicago. Let the leads come in, I'll give it to my students, and I'll just have them play around with them. Whatever lead it is, it's fucking 30 bucks, 50 bucks a lead right now. Go ahead, buy it, play it. I like it.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, so what we'll do now is Zak and I will get you a questionnaire that you can sort of fill out with an audio note. You can just talk through each of the questions and send a voice note to us. Sounds good.
4:00 PM - 5:37 PM PDTMicrophone
Right now it's recorded, right? Yeah, this call is recorded, but I don't have the full questionnaire laid out. Zak's got it. I do, Cam. I'll pull it up. Let's do it. I'll take it.
4:00 PM - 5:37 PM PDTMicrophone
Can you guys see my screen? Yeah. All right, awesome. Dude, we're gonna start from the front. Obviously we want to shape this with your vision as much as possible. You guys are the ones that are in real estate. You guys are the ones that are obviously —
4:00 PM - 5:37 PM PDTMicrophone
I'm still a little bit confused. What's up? About the platform — on the ads, if we're already running the ads and cold calling leads and other platforms are giving us leads, I don't see other platforms giving us any leads. But that isn't the issue. We're different.
4:00 PM - 5:37 PM PDTMicrophone
We are going to source the leads initially to prove out the concept. I think we should run the ads by ourselves. We are doing that. No one said we're not doing that. But yeah, we are going to do that initially. But again, I do not think that's the moneymaker. I do not think we are getting into the business of leads. We're getting into the business of creating a software platform to sell leads and buy leads.
4:00 PM - 5:37 PM PDTMicrophone
So should we target other companies and have them give us leads? What's our target? You understand what I'm trying to say?
4:00 PM - 5:37 PM PDTMicrophone
Yeah, I do. And you're getting at an important question, but I think you might just be skipping a step. What we're trying to do first is we need leads in the system for people to bid on. And we're gonna first do that by buying some leads and selling them at a higher price. And then we're going to use ads to try to source those leads ourselves, get an even better deal, and try to sell them at a markup on Soldi too.
4:00 PM - 5:37 PM PDTMicrophone
And then as we bring more users in, we show that the system effectively sells leads. Yep, as you build a user base, that's when we go down that elaborate hole. Dude, I'm telling you, man, we are good at doing — we've talked about this multiple times and I just don't know how it's unclear at this point, right? It's pretty cut and dry. Let's make sure you understand. Let's save it for after this conversation or something, we'll make sure you're on the same page and that there's no confusion. We obviously want you to understand and to feel confident with the direction we're going in, but I assure you that what you're caught up on is not the big problem. It really isn't. It's a very small thing.
4:00 PM - 5:37 PM PDTMicrophone
And the biggest thing here is, again, right? Growing the user base, growing the fucking brand, right? Getting leads in the system, at least at the minimum, mocking up and faking it like a marketplace almost, right? Where others can see. And then from there, partnering up with folks — an option for us to double our revenue basically. Yeah, that makes sense. Yeah, if it doesn't — okay. Any questions? No. Sounds good.
4:00 PM - 5:37 PM PDTMicrophone
Zak, go ahead. Take us through.
4:00 PM - 5:37 PM PDTMicrophone
Sweet. So, Bill, this is mainly for you. I need you to take a look at this and we're going to fill this out together. So essentially, when a fresh seller lead hits the auction, you get seconds to decide if it's worth a bid. What do you need to see? What's the most important out of this for you guys — is it equity, is it the distressed type, seller motivation? What top five would you say are the most important out of these?
4:00 PM - 5:37 PM PDTMicrophone
I would say motivation. Motivation number three. What's on the two? Seller's motivation. Then you got — price? Estimated value. Timeline could be one of them too. Timeline is on location. Location, location — number one actually. Yeah, people bid off location.
4:00 PM - 5:37 PM PDTMicrophone
So even the fourth thing that we focus on in our call center, bro — the first thing we focus on is the condition, right? Second thing we focus on is motivation. Third thing we focus on is timeline. And the fourth thing we focus on is price. Those are the four main components that we focus on.
4:00 PM - 5:37 PM PDTMicrophone
Zak, it's okay. They can just talk, we're recording it. We'll get it down. That's okay. They don't even — yeah, as long as we're talking through it, that's all we need.
4:00 PM - 5:37 PM PDTMicrophone
There's really so many components, bro. Distress vector and then from there — yeah, that kind of makes sense. Yeah, that's perfect.
4:00 PM - 5:37 PM PDTMicrophone
So we're creating obviously a quality score index with a bunch of different factors that play into this. There's a hundred out of a hundred — people that are going to be a good score. Would you guys say you want it to be the main focus point, do you want it to be a supporting signal visible, or do you want it to be like "hey, show me and I'll see it," or do you want it to be hidden essentially? You want it front and center — like what do you want? Our internal score, our internal risk score you could call it, that I've been working on. It's basically a magic number that we're making up, but it tells you in theory, based on the factors we just spoke about, how good the lead is, in quotes. Now is that something you want to see?
4:00 PM - 5:37 PM PDTMicrophone
I'd be motivated. I think you're great with A, B, C, D, F. You know, A, B, C, D, F. Okay, great idea. And I think I like that. Kind of like — we can look at Nitrogen. Nitrogen is a fantastic company that does risk and risk assessments. Share this — great, the daily portfolio.
4:00 PM - 5:37 PM PDTMicrophone
How long do we have for the meeting? I mean, I'm — I need to run in like 10 minutes. We'll just move on for now.
4:00 PM - 5:37 PM PDTMicrophone
Which comps or secondary deals would you say are the best, right? Which ones would you guys want to see at the top? Is it ARV, 70% rule, max offer, competency confidence score? I said ARV range. Okay, anything else — square footage or price per square foot? Square footage, yes. Or we can do 70% rule, pretty good too. All right, let's bump price per square foot to the top three. And then I think we're good.
4:00 PM - 5:37 PM PDTMicrophone
Awesome. And then how long should the elite auction run? Do you guys take — are you guys taking six hours, 12 hours, 48 hours, 24 hours? I'm thinking — Bill, what do you think about this?
4:00 PM - 5:37 PM PDTMicrophone
I think — we're a little bit different, right, because we're big. So it's not exclusively — so that's what I'm a little confused on. But if I were to say something, probably 24 hours. And we're going to figure out that exclusivity thing. I'm understanding that that's sort of what you're getting at with your questions before.
4:00 PM - 5:37 PM PDTMicrophone
A lot of like — I'm just thinking for me. Like for me, I'm in the bidding thing. I make — but I'm not trying to do that one. I do the premium and get the exclusive lead and just get it. Or I do a bidding system where I don't see who's bidding on the back end, and then if the lead is a $250, I just get them. You know, bidding it, chatting it — we don't have time for that investment. We just try to get the lead and keep moving. We don't want time to chat around and stuff like that. I pay this amount of money, I'm going to get these many leads, and if the quality is good I'm going to keep purchasing. Yeah, I think I'm saying — my experience, if I was going to kind of do this all day. So I'm just — yeah.
4:00 PM - 5:37 PM PDTMicrophone
No, totally. And I think your experience is important. And I think that we're trying to balance two things. There's the people like you that are power users that are really just trying to get the best leads as quickly as possible. And then there's the people like the ones Abdullah is going to bring into the system that are — maybe they're new to real estate, maybe they're just looking for a better platform, and they want a community.
4:00 PM - 5:37 PM PDTMicrophone
They want a platform that allows them to find this stuff, to discuss this stuff. And it gives them a foray into the whole real estate space. In some ways, we're also trying to create a social media in a weird way. Not in the true sense, but we're trying to create a communal real estate platform. So that's just one thing to keep in mind, but that's a really good point, Abdul. Sorry, go ahead, Zak.
4:00 PM - 5:37 PM PDTMicrophone
No worries. So in terms of minimum increment bids, what do you guys think? Five dollars? Five percent? Three percent? Ten percent? What do you guys think?
4:00 PM - 5:37 PM PDTMicrophone
I'm still having — what do the bids look like for you guys? I just don't — do you see anybody bidding five, ten dollars, wasting their time? Bro, like getting a lead for five to ten percent, three percent — are you going to do you see yourself buying a lead and bidding to get the lead, bro? How does property lead work? Bro, you put the money in, the highest bidder gets the lead, that's it.
4:00 PM - 5:37 PM PDTMicrophone
One should be a buyout amount. Buy the lead right now for 400 bucks. I like that. Yeah, buying out. The thing is, it starts at 100, but we need to have an automatic bidder in that bitch, right? Kind of like eBay buy now.
4:00 PM - 5:37 PM PDTMicrophone
Exactly, you know how they have it right now? When you saw it, they have a buy now, they have a one hour exclusive, or they have a fully exclusive, right? We should have something like that. They could buy right now for 400, give us four prices — yours, or if you want to buy right now for a 30% discount, we'll give you exclusive for 24 hours, right? Or you can buy the non-exclusive lead too. Not everything should be exclusive. It should be non-exclusive and we can send the non-exclusive leads multiple times, like three to five times.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, see, we have to do the non-exclusive path because we're going to make more money off non-exclusive, right? Because that lead gets sold like 10 times. Exactly, every single way, every single time it trades hands. Some of these platforms, bro, 20 people already bought it. 20 people bought it at like 50 bucks, 20 times 50 — that motherfucker made a thousand bucks on the same lead. Even if you got refunds, whatever. So, you know, or limit how many times you can sell it.
4:00 PM - 5:37 PM PDTMicrophone
Yeah. Okay. So here's like one of our — you know, we're approaching the end here. This is sort of a one-off question. Do we think that the gamification that we're doing, the leaderboards, the chats — does that feel like the right direction? Do we want to lean into that? Like, make it the call sheet for real estate? Or do we want to dial that back a bit?
4:00 PM - 5:37 PM PDTMicrophone
I want to make it the call sheet of real estate. I like that idea. But Abdul seems to be sort of hesitant about that. And I understand why, because he's the serious user, the power user, and he doesn't need all the fucking bells and whistles that we're adding. For example, think about it this way — I'm talking, I don't — like, the car auction is different. If I come in and I see a lead starting at $50, right, then somebody else bidding $60, and then I got $24, I'm going to forget about it, right? If it's like, okay, we've got something over here, I could buy this, get it for 300 bucks right now — let me just buy it. Okay, cool. Or hey, I already filled up my account with $5,000 and they're giving me 25 leads exclusive, right? That could be good.
4:00 PM - 5:37 PM PDTMicrophone
Understand, bro, you want to have 10 big players, right? And you get a deposit of three to five thousand up front and we give them a certain amount of leads guaranteed with a refund policy. Think about it this way — you have five to ten people giving you five thousand dollars a month, right? That's fifty thousand dollars in revenue just came in.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, or you know, we would have like — we have to understand — or you want to have 100 small players who buy one lead here and there, which is fine too. We'll have that option too. I'm saying like, I don't know, bro.
4:00 PM - 5:37 PM PDTMicrophone
See, I think you're still thinking about it like we are the ones selling leads, which is true in the literal sense, but we are trying to be on both sides of the equation. It doesn't matter who's buying — it's a market, it's a marketplace, bro. Imagine like eBay. Not everyone is like — you look, Joe, where they set a bid and forget about it. I buy stuff on eBay all the time. I am watching, I get emails, I get phone messages about my offers, about my bids, all that good stuff. I mean, people obviously work in different ways, either or.
4:00 PM - 5:37 PM PDTMicrophone
So are you saying — so eventually what you guys are coming back at is that other people, other ad agencies, other cold calling agencies, other people that are running the ads, we want them to host their leads here? You want to be like an Amazon of leads? Is that what you're telling me?
4:00 PM - 5:37 PM PDTMicrophone
eBay. eBay. eBay.
4:00 PM - 5:37 PM PDTMicrophone
I mean, we do think that there's another angle. I don't know — I don't believe in this project if that's the case. I don't believe the other platforms will give us their leads.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, it's — you know, I'm not going to lie to you straight up. I mean, if that's the case, you know, that's what me and Cam set out to build and what we wanted to build, and it will be built. We've been discussing with you guys the last month and a half, two months. If that's not the case, we're happy to pull the plug on this because we've been spending a shit amount of time.
4:00 PM - 5:37 PM PDTMicrophone
I'm not saying that. I know, but if we're not in the marketplace — I know, I'm just saying, if we're not in the marketplace that we want and the vision we have and the vision we're building and have built so far — it's not — we can change it, we can change it. Because you tell me right now. You have a question, you tell me right now.
4:00 PM - 5:37 PM PDTMicrophone
I speak to the marketplace themselves. Property Leads are a marketplace themselves. Why would they take their leads or give them to us? They're the same thing as what we're building.
4:00 PM - 5:37 PM PDTMicrophone
Listen, this goes back down to the fundamental value that we think we were going to build Soldi into a powerhouse of users who are buying and selling their leads on this system. I understand the buying part. I think we should just focus on the buying part.
4:00 PM - 5:37 PM PDTMicrophone
Listen to me — why do people, right, what do in-person stores, retro game stores, game stores, the stores that sell all this type of retro merchandise — why do they have an eBay store and an in-person store? Why are they selling their merchandise on eBay as well as in store? It's another avenue of making money. They're not competing with their business, you know what I mean? They're getting their inclined business. They're not competing with those two verticals. It's two verticals for people to make money off of. I'm not saying that they're going to want to work with us off the bat. At a point in time, dude, we're going to have a big stat that talks about how many leads have been sold. All these stats about Soldi and how many leads have been sold.
4:00 PM - 5:37 PM PDTMicrophone
Do you think you're going to get other people to sell on our platform?
4:00 PM - 5:37 PM PDTMicrophone
I know I've answered this question six times on this call and I'll answer it one more time. After we build the user base, after we get a number of leads sold in the system, people will see that as a place to enter the market. If we eclipse Property Leads on the number of leads sold and we're continuing on this upward trajectory of taking over companies on the number of leads sold, they're going to want to join and also additionally add their leads onto our system. Again, it goes back to Abdullah's brand. He is the person who's going to be behind Soldi. He's the main face. People are going to want to work and partner with him. You're telling me — who do I speak to? If we get more monthly users than them and sell more leads than them, you don't think Abdullah can come in there and be like, "Hey, partner up with me and put a little bit of leads here and see what happens"? We partnered with ICSD, they ran a campaign with us. That thing became 5 or 10 callers, and we were selling leads to them. They had their own exclusive shit. You know, so that's what happens. I'm talking about those conversations happening then.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, they're a marketplace. They don't do their own leads. They don't generate their own leads. They use call centers, other marketers, and tell them, "Hey, give us your leads." They get 40 percent of the profit. They keep 60, they keep 40. Any refunds happen, yeah.
4:00 PM - 5:37 PM PDTMicrophone
Then we're suggesting we cut that by a quarter. We're only taking maybe 10% on these leads.
4:00 PM - 5:37 PM PDTMicrophone
They want to be profitable at that price. It would be. It will be. Because we don't have to source everything. All we're doing is providing a place for a buyer and a seller to meet.
4:00 PM - 5:37 PM PDTMicrophone
But is that going to be — the reason they do 60 is because there's a lot of refunds and a lot of back-end work. So how are we going to make money off 10%?
4:00 PM - 5:37 PM PDTMicrophone
At scale. You do it 100,000 times a day.
4:00 PM - 5:37 PM PDTMicrophone
I don't think that's that many we're going to sell.
4:00 PM - 5:37 PM PDTMicrophone
Well, that's exactly why you don't have to worry about that. That's why me and Cam and Abdullah are the ones that are putting in a lot of — what do you think, Abdullah?
4:00 PM - 5:37 PM PDTMicrophone
I would think we should be like an ad agency and have exclusive — we do the marketing, we sell them, and then also package up like, big clients who got five or 10 grand down and we give them a little bit more discount, we get bigger clients and maybe even become like an ad agency where we charge people 1,500 bucks a month to manage your account and 10% of ad spend.
4:00 PM - 5:37 PM PDTMicrophone
That sounds horrible. I mean — do you want to, Cam, you talk to me about it, tell him about it. Who the fuck is — are you doing that work, bro? I'm so confused, bro. We're trying to build a platform that does this on demand. We don't get paid to do work, bro. If you want to pick up that work you're more than welcome to, but we're trying to hire out, put hundreds of thousands into engineering our own ads, and then once we run our own ads, take that data and dump it into this for sale. Because if you run your own campaigns, leads are going to cost us under 20, 30 bucks nationwide.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, so we have a way to make money on the leads — both the ones that we sourced and any other lead that's sold on the platform.
4:00 PM - 5:37 PM PDTMicrophone
Yeah. The thing is, I could reach out to other marketing agencies. Not even right now. I don't think it's even worth it. Right now no one's gonna give us any data. I mean, if something's not working, we can always adapt. That's what I'm trying to say.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, and I think let's just keep an open mind. What you're saying is not crazy. I hear you. I think there is a real conversation to be had. I just think we need to structure our discourse a little bit, because there's a lot to discuss, there's a lot to plan. We want to keep building this. This is a whole separate conversation from what we're trying to do, and we need to have this conversation. But A, it needs to be another day because I have to go.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, I have to go too. Don't let Daniel come to the office.
4:00 PM - 5:37 PM PDTMicrophone
Yeah. So listen guys, where we have the lower...
4:00 PM - 5:37 PM PDTMicrophone
Going to continue building out the updates from what we talked about today, and then we'll try and get some trial users in the system — beta users getting a feel for the system, using it.
4:00 PM - 5:37 PM PDTMicrophone
How about this? Ultimately, come by. Let's set up the people in the office with this.
4:00 PM - 5:37 PM PDTMicrophone
If you want the trial users, I can give you five, ten students.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, let's figure out a date this month to get that sorted. Once you guys are ready for users, you let me know, then we'll get users.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, our expectation is about one to two weeks. So we start running ads now — what's the next step?
4:00 PM - 5:37 PM PDTMicrophone
Yes, the next step is me and Cam are working on getting ads set up. We're gonna start these ads this week, next week, to get homeowners.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, you hired us to run ads. We never got the ads.
4:00 PM - 5:37 PM PDTMicrophone
No, you didn't. You got a very expensive software engineering team instead. I'm just saying. Hired you for that, yeah, and then you had probably the cheapest version of the most expensive tech support you could have ever had for a couple weeks. But anyways, that was beside the point — you're about to get everything that you paid for and more with this, don't worry.
4:00 PM - 5:37 PM PDTMicrophone
Let's fucking close some deals. That's the plan. But I appreciate the time. Please continue to think about these questions, Abdul. I want you to press us. I want to have a good conversation about this. Let's make sure that we address your qualms. Abdullah, thank you for providing all that feedback on the product as well.
4:00 PM - 5:37 PM PDTMicrophone
No word. Yeah. Well, I think as of right now, we'll build the platform. Let's run our own ads. Let's sell our leads. Show people — like Zak said, we'll show them a significant amount of property sold or leads sold. Then I can start reaching out to other PPL companies and then we could do it that way. You know, that's free leads for us.
4:00 PM - 5:37 PM PDTMicrophone
100% bro, I'm telling you man, these dudes will probably fucking do it just being posted on your story. You could be posted like, "We just partnered up with fucking whatever XYZ firm," you know, "now their leads are being posted and sold," right? That type of shit, man.
4:00 PM - 5:37 PM PDTMicrophone
Right. Keep the wheels turning on those crazy marketing ideas. All cheap, bro.
4:00 PM - 5:37 PM PDTMicrophone
I'm also going to run an ad on... your community are going to be buying up other people's leads. You will be making money with other people. It's called Soldi — Soldi, Soldi, Soldi.
4:00 PM - 5:37 PM PDTMicrophone
Are we gonna work with — I don't know — so lead on my Facebook to get calls for the flippers?
4:00 PM - 5:37 PM PDTMicrophone
Oh, it's Soldi, Soldi, Soldi — the Italian word for money.
4:00 PM - 5:37 PM PDTMicrophone
Yes, listen, that's a good idea and I think that's an option later on. But right now bro, these wholesalers are Abdullah's students and they are his entire follower base, right? So I think it makes sense to run ads on Soldi, but I think as of right now while we ramp up, dude, I mean again, nice and slow. Take it nice and easy, make updates as needed, pivot, adapt, and then continue to make a more refined product.
4:00 PM - 5:37 PM PDTMicrophone
I'll spend $2K. I want to see what type of ads you guys bring in at least — you guys bring in one week from now.
4:00 PM - 5:37 PM PDTMicrophone
Yeah, well I was just gonna say we take a very systematic approach to ads where we wouldn't go full press until we had proven out the strategy.
4:00 PM - 5:37 PM PDTMicrophone
Okay, perfect. Let's start that and I'm down. I think that's pretty much it. Good call, good update.
4:00 PM - 5:37 PM PDTMicrophone
All right, sweet. All right, thanks guys. Appreciate you all.
4:00 PM - 5:37 PM PDTMicrophone
You guys not running ads? I gotta take a call. Hey listen, we'll still talk about this. I need to ask about AK callers.
4:00 PM - 5:37 PM PDTMicrophone
Why not? We're replacing AK callers. Fire tokens. Fire tokens.
4:00 PM - 5:37 PM PDTMicrophone
I gotta go, guys.
4:00 PM - 5:37 PM PDTSystem Audio
What's up, Kim? I accidentally submitted this only by accident, I accidentally pressed submit on the document. Yeah, I'll try and jump in for the product marketer as much as I can and I'll share my screen and go through the questions with them. I usually walk through it first.
4:00 PM - 5:37 PM PDTSystem Audio
What's up, guys? I'll be in the car. What's up? This dude at the title company, bro. Where you at? He's joining in a second, he's downstairs. Perfect. No, he needs to get us together with that bro, still got green headshots.
4:00 PM - 5:37 PM PDTSystem Audio
How far are you from the crib, my guy? How can you take this meeting from the car? You gotta see, I'm right here, I just wanted to go get some bagels. I didn't have lunch. How far is it from the crib? Oh, you're fucking 25, 20 minutes away. No, my office is five minutes away, brother. It's even farther, bro, my office is right here, dude. That's okay, that's like a 15 minute drive though with traffic. Geez, we better not go home at that point.
4:00 PM - 5:37 PM PDTSystem Audio
Good last one, Cam. All right, so we've got three things we wanna show you. We've got the sold deck, the app. Wait, are you a key here? Yes, it looks like you're going in and out. I should not tweak it but you just want to connect this to his TV or to his car.
4:00 PM - 5:37 PM PDTSystem Audio
What the fuck did you just say? I know we got to secure this investment, but damn. So hopefully, I hope to God, there's some sense. I'm going to call him. What if Abdullah's not even at the crib, bro? He got fucking students with him.
4:00 PM - 5:37 PM PDTSystem Audio
No, no. Yeah, yeah, yeah. Go ahead, go ahead. They just left this thing, it won't answer, I don't know what he's doing downstairs. Well, we need you. What do you do about this, bro? Did you get to the office and jump back in, how about that?
4:00 PM - 5:37 PM PDTSystem Audio
I can hear you guys. Alright, you want to just go to the office and meet us when you're ready at a desk with the computer out? Yeah, I need five minutes. Alright, sounds good. No, no, don't take your time, what the fuck, bro. Absolutely don't take your time. No, bro. Don't show up. Those are dudes at my crib, bro, I don't know what he's doing downstairs. That's what I'm saying, that's your crib, but he's out there. Make sure you're there, bro, I'm gonna call his ass. Don't worry, you just hurry up and get back in. All right, see you guys. Hurry up and get back in. God damn it, dude.
4:00 PM - 5:37 PM PDTSystem Audio
The effort is a matter of, yeah. He showed up on time at the end. Was he prepared and ready to go? Probably not, but at least he showed up. Maybe we should have made it more clear they had to be at a desk. Probably. You should have been more boring, Cam, unfortunately. It was just all Tiger Bad. What is this thing? Go ahead. I'm going to have to fire a dual, bro, at this rate.
4:00 PM - 5:37 PM PDTSystem Audio
Ooh, I got that. What's missing, Cam? What's missing right now from this? Awesome. Can we get some users in the platform this week? Exactly.
4:00 PM - 5:37 PM PDTSystem Audio
Yeah, I saw your questions about that. I saw your questions, if you can hit those. I think more time, I think we just don't need to reject it. It can be longer. I'd rather it be thorough as opposed to fast, you know?
4:00 PM - 5:37 PM PDTSystem Audio
And then, so wait, running the floor, page 10, page 11 on the discovery is empty, the specs, which is fine. It's just a placeholder, it's all good. It just says spec and it's back in the docs. Product walkthrough, the link page 9 and 10, or 10 and 11.
4:00 PM - 5:37 PM PDTSystem Audio
Sorry, I can't get you. This is a demo, I'm gonna do this too. I don't know, I was getting my nerve. I didn't hear a word of the first statement. No, no, not the first. I didn't record it, Kev, I'll ask you.
4:00 PM - 5:37 PM PDTSystem Audio
What about what's saying? Where someone who don't tell... After all... He gets them one foot. Your pocket, it should be a plot post.
4:00 PM - 5:37 PM PDTSystem Audio
7,000 plus 2, 10 minus 15. 15 minus 15. Where the hell... Oh my God. Where the fuck your brother at? Where your brother joined, bro? In the call with Donny Owl? And you go, why can't you... Oh this thing, bro, now you guys got technical issues now.
4:00 PM - 5:37 PM PDTSystem Audio
Can you hear me? What's going on, man? All right. Yeah, I went to Italy, I'm a big FOMO, and I went to Spain. Yes, Zak told me you went to the wilderness. Can I have a lot of results? Did you enjoy it? Wow. It's like a mental break. Jack, we're on vacation in Arizona for like three weeks. Figuring how to get the fuck out of Chicago, bro.
4:00 PM - 5:37 PM PDTSystem Audio
You got another job too? I'll be right back, guys.
4:00 PM - 5:37 PM PDTSystem Audio
Well, I mean, exactly. I went for a bike ride yesterday. I just bought a bike too. Yeah, nice segue. Nice view, beautiful view. The Chicago, bro, Lake Shore is a beautiful view, bro. Yeah, 100%. You need to buy a long time, there's power, right?
4:00 PM - 5:37 PM PDTSystem Audio
Bro, so you know the whole city? The problem, bro, is they don't have a bike lane. So I'll be in the middle of that. Well, Zak, the question is, exactly yelling and cursing about it.
4:00 PM - 5:37 PM PDTSystem Audio
Yeah, bro. I have a regular bike, but I want to get the electric one, bro. It's a little bit expensive, bro. It's like $1,700. Well, I'm like, bro, whatever, like longer ride, give me some cardio, you know? I also like to bike. I feel like for me, it's a stress reliever.
4:00 PM - 5:37 PM PDTSystem Audio
But I'm sorry, my time goes so fast, bro. So what, do you work from like 8 to 8? Got going because they're going to go out of business. Are they still gonna like, are they doing better, or like do you need a stable job?
4:00 PM - 5:37 PM PDTSystem Audio
Oh, who's the guy, bro? I'm trying to get started.
4:00 PM - 5:37 PM PDTSystem Audio
Oh, go ahead. Can you call me Abdel? You? All right. Abdel, how's that sound, by the way? I'm good. Oh, cool.
4:00 PM - 5:37 PM PDTSystem Audio
Yeah, I was just going to say, Joyce and Mike's guest, I don't know if we made it well this time, but I hope that it did. Yeah, the before was pretty good. But you know how good life is now, I don't know how long it's going to take. Hopefully it'll take forever.
4:00 PM - 5:37 PM PDTSystem Audio
I'm hoping we can get it done because I do have to finish up the, like, taxes and stuff too, so I'm gonna work until like 8, 8:30. But I'm not gonna do it tomorrow. Well, I mean, I really can't do anything. He said he didn't come back, so I'm not going to make a difference. This is where I might get ready for the meeting.
4:00 PM - 5:37 PM PDTSystem Audio
Well, the craziest promotion happens. Google PPC right now, guys, if you spend $10,000 they're giving you $20,000 in ad credit. Unheard of. He spent $10,000 in two months. And again, if you're eligible, they give you twenty thousand dollars, bro. What do you have to be eligible for? Just like if you're a new account, basically. Yeah, I had a company that was doing it right now. Holy shit.
4:00 PM - 5:37 PM PDTSystem Audio
I screwed up, I locked myself out. I can get you in there. I'm getting the key right now.
4:00 PM - 5:37 PM PDTSystem Audio
Man, the days go by so fast, bro. Yeah, Joe, you wake up at fucking 1pm, what do you mean? Like, you're meeting him at 1pm. I woke up at 10, I called you. No, you called me at like 12. No I didn't, check your log, bro.
4:00 PM - 5:37 PM PDTSystem Audio
I want to get a haircut. Oh, he's right. But he wasn't better than the other guy though. So what time did you actually wake up? Did you go back to sleep? No, I was already taking calls from like before I called you, probably. Like, I checked my phone, looking at properties. I like easy money. Doesn't sound like it.
4:00 PM - 5:37 PM PDTSystem Audio
What's going on with the trainer, bro? I'm down, I'm down bro. I'm trying to do jiu jitsu too. You trying to do jiu jitsu?
4:00 PM - 5:37 PM PDTSystem Audio
Wait, wait, wait, wait. Abdul, Abdul, before you snuck down, where are you, bro? In the garage, man. That's not a smart thing to do, bro. What are you doing, man? Bro, can you not smoke down in the garage, bro? I'm telling you, your ass is gonna give me a pop, dude, especially at 6pm, bro. Come on, man, work it out. Don't worry, I apologize. That's okay, just move on outside. Just take the keys and go, right? That's right. You're right there, you can still see the smoke, man.
4:00 PM - 5:37 PM PDTSystem Audio
Real quick, what do you think about it? All right, this portion of the meeting, man, goes up in town. Next week, Tuesday, same time. All right, Abdul? Robin? Next week, Tuesday, same time. I guess. I think we should push it for like tomorrow if they're not going to do it.
4:00 PM - 5:37 PM PDTSystem Audio
Are you coming back down or are you going to go home? I do want to get it started, I mean, you know. Zak told me today that we want to run ads, start running at the Freehold link.
4:00 PM - 5:37 PM PDTSystem Audio
Okay, bro, for the one look, guy, bro, can you stop smoking a cigarette, bro, in the fucking garage, bro? I don't understand why you keep doing it. Just put it out and go outside. I am, I am. Thank you for smoking the full cigarette after I said that too. Sorry. I'm sorry. I know. Yeah, I know.
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That's good. We can reschedule it for tomorrow, around the same time. I can't do it tomorrow, but I'm busy tomorrow. I'm gonna be able to get the gym tomorrow at this time. Let me just, let me text him to see if you can go along.
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You said put it in the coffee? Coffee, okay. No, not that, bro. Here he is, bro. Toss the other half of the sandwich in the fridge.
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My goodness, bro. So it's literally, I got my money tied in and then these properties still, it's not, it got foreclosed on or whatever, or the lender took the money back. So right now we really don't even know if we're going to get our money. Wanted that or not. Wow. Yes.
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All right, I'm here. That dude, bro. I do not want him to join and say, I'd rather hear him not join at this point. He joins and we ought to call for 20 minutes. I get you.
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Well, this is what I could do for you. I'll speak with the team. I beat him again, guys. I don't like you. And they said B2C, Cam, it's that, this, that B2C. Like, okay.
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All right, like, I don't fucking shoot those kneecaps out there. I'm going to record on Duel. Look, I'm still a man. If you don't fucking pay attention, I'll blow that through your back. I'm going to hold a bullet hostage just so he listens. That was crazy.
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Hey, you can smoke cigarettes, so everybody has a vice. Good point. Easy. Oh, my bad.
4:00 PM - 5:37 PM PDTSystem Audio
Yeah, what's up, brother? Donnell's here. All right, my guys. So, you know, a little 40 minutes, a little late here. Should we schedule? I'm locked in, I'm in the office.
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I know, bro. It's just loud. There's other people around you. You're getting calls. You know what I mean? If you're sure about that, you're getting calls. I'm ready, brother. Let's run it.
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And one more thing, Abdul, if you want to follow along, I'm going to drop the link right here. Click that link and then that's the login information that's needed, exactly. And listen, we've got some questions at the end. We're going to run through it. You showed me the link so I could click this? Okay, getting that open right now.
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Yeah, okay. Live auction. The first is live auction average price. He's sharing his screen. He's going to go over it with the screen. That's exactly us. Yeah, that's why I sent the original link, Cam. That's why I sent the link for the login. There you go. Thank you.
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How is that determined? Determined by the form they fill out, the lead form they fill out. We take the information and make the quality, exactly.
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I was just gonna say, we can mess around with what the quality score index is, right? We can kind of mess around with it. You can call it AI score or whatever the fuck you want, but we can get some magic with it. Pretty cool.
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You know, whoever buys the lead closes the deal. We should have another marketplace where they could just upload and sell their deal too, on the same platform. So it's like not just buying leads, buying leads, closing the deal.
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And now it's on the marketplace for sale. But now investors coming in, flippers coming in, they're buying shit, they're buying data. I mean, they're buying leads from us. Also they're buying property. So that way the wholesalers and stuff that are on the platform are not just buying the list, buying the leads. If they missed out on it, they have an opportunity to buy the property.
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I like it. They have one company called ISP2Lead and they have another company that's the same company called DispoMyLead. They don't do that, though. No, they have a disposition center too. They don't do disposition on their website? Yeah, they have ISP2Lead, and their other website is DispoMyLead.
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Yeah, Soldi basically means money, which means bro, just on one platform, because we have the same thing. We have Home Run Equity, right? So here you could buy the lead. That's a nice price. It's a nice property, Cam. East Camelback Road. It's probably Arizona. Cam, it's your property.
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Cam, you think these guys would drink Easter eggs back in the day? Yeah, it's like Call of Duty. It's like Call of Duty zombie grind in a day, right? You know, five hours grinding till level 70 doing all the Easter eggs, right? Finding every little thing. Abdullah was going down at level four, dude. What are you talking about?
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Okay. Once it's under contract, then what we could do is once it's under contract, they should be able to list the property on our platform. And what's under contract, boom, under contract, you know?
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Yeah. Okay. This is my favorite page so far.
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You got to be fucking top. I got clients with actual callers that have more callers than us. I had a guy with 40 callers, 20 callers, 8 callers. I got a guy spending 10K a month right now. I gotta spend 40, 50K, Cam. Like, I got the spenders, bro. We'll see if we're able to track it out. Yeah, probably nice.
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I saw fucking Kelsey, Kelsey's all over fucking Snapchat. And they're like, you know, hey, what if I told you that you could fucking make money by knowing if it's going to snow today? Yes. People are betting on the weather. Oh no way. I do that. Two white boys with a thing. Oh no, I do that.
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You know, we should have like two people, two kids running around saying, oh yeah, you could do that. Hey, what if I told you you could make money in real estate? How? There's a platform called Soldi where you can learn how to make fucking gifts, you know, shit like that, bro. Yeah, a thousand dollars a day, you know. After we test it, spend 50 bucks, 200 bucks.
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We got to be on Snapchat. We got to be on Snapchat, Instagram. We got to be running ads like crazy. Okay. Go to the back end, go to Meta back end, look at all the ad calls she's running, remake them. We've got to remake them.
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So, quick question, Keb. Are we, because I was talking to Zak, right? So I ended up signing with a new platform, like, you know, there's some guy named Courtney. He does Facebook ads. He's been doing it for a couple of years. He said he spent about 30 million dollars on ad spend, and he also has a Facebook ad course for like $1,500. He shows you all the stuff that he does.
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I'm doing a whole camera, I can't talk about this, bro. We're under the same impression, bro. He probably built it using Claude, bro. We can get the same answer through Claude. I didn't know.
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Yeah, that's fine. I'm saying, are we gonna be doing just — right now what people are doing is Meta leads, right? Right now I'm using Chicago House 360, which is the other platform I'm paying 250 right now. But now like some of the platforms are like 90 bucks a lead, right? So I know nationwide, if you want a nationwide campaign, usually it's between like 50 to 70 bucks a lead. Do we want to go nationwide in some bundle areas, or should we target like 10 or 15 metropolitan areas, right? For example, let's just say right now we don't know our cost per lead, right? Or should we stick in Chicago so we can see?
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Usually how heated is that — he got my deposit of five thousand dollars. What he did was basically you can pay 250 a lead, right, or you can buy a 5K package which will give you like five or ten more leads for free. He only gave me 10 more leads for free, right? And that came out to $162, right?
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So our goal should be like, if we can have people coming out the boat and giving us five grand, and we give them — actually, because instead of 250 a lead, a customer's like, cool, I'm saving about 80 bucks a lead, right? But for him, he got the 5,000 and then he started marketing in that area. Because in the beginning it was slow, but he said it takes about 72 hours or whatever timeline to get the leads going. And he said these are all exclusive leads to me.
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So that's the way that people are doing it, as exclusive. Or we can still do it like how PropLead does it, which is the way we have it set up, right? It's a bidding system. Some people like the bids. Obviously we don't have to do tests and trial on what it is. But if somebody does want to give us like, hey, 5K up front or something like that, a package, then we can be like, hey cool, these leads are going to come in, it's only going to be exclusive to you. We can also have those type of clients too. That's just my thoughts on that side, or like a 2,000 or whatever package we make, right?
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Okay. There's three ways to attack that, right? Number one is our ads and the stuff we do. Number two is going to be a second layer that I think could work. As me and the Lord were talking about this, this was a cold call.
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Option layer, right, where we can sell cold call leads on the platform. We don't have to tell — yes we do, we absolutely do, bro. Because they are going to be worse leads, and if you call them, they're going to be like, "Hey, you filled out a form," and they're going to be like, "Yeah, we didn't fill out a form, we got a fucking random cold call." We have to let them know it's a cold call lead, and we charge accordingly for that lead.
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And then the third way is by you partnering up with these companies and buying these leads from them at a very steep discount, Abdul. Relationship across these fucking firms — all you have to do is buy more leads from them, get a really competitive rate, then we can resell them on our platform. Number three, you try and get in contact with the people who are running these fucking tools or running these platforms and get them to actually sell their leads on Soldi as well, as you start to fucking do business with them, right?
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So there's four different ways that I see this shit filling the system with leads. And each of these fucking distinct verticals is gonna fill the leads in Soldi at different times, right? So right now, the ad stuff is not gonna be — majority of it's maybe 5%. Right now, the majority of it's gonna be these cold call leads and the fucking leads we get from you, Abdul, right? Yesterday you showed me 91 bucks a lead from 365 Leads, right? We wanna fucking get those leads, put them in the system and then sell them for a hundred bucks. You said PropStream sells those exact same leads for 250. No, yeah, they sell it for 250. There you go — I mean, they sell 91-dollar leads that you're getting for 250. So that's the number one, that's what we have to focus on. You go ahead.
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Are you saying that we're not — that the people that are running the ads, that we should get other people, other platforms, companies, to provide the leads to us? I don't know why they would do that. To have the platform — who's going to give us any leads, bro? Why would they give us leads? They're selling their own leads. Why would we get more for their leads?
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Because listen, a couple of different things, right? This gives people access to Abdullah's network, right? Number one. So these individuals who are running the network, owning these companies, value Abdullah's fucking place in the market. They're gonna know that his team and his people and his connections are using this fucking platform, and they want to tap into this nigga's fucking connections, bro. If I was running a fucking PPL company, bro, no matter how many people I had on it, bro, 500 to 1,000, bro, and I heard Abdullah was fucking turning his old PPL where I could make money with him, bro, partner up with him in a way — I mean, that's a no-brainer, right?
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It's not just like hey — it's not. Exactly, why? Because they sell us a lead, they're gonna put that same lead — no, that's where, exactly. That's fine. I bet you Soldi gets us sold faster, right? That's what we think — that we have enough of a reach that we can have our fucking shit sell faster than their shit. If they see that happening, they're gonna be pushing more.
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Yeah, but I mean, in that case, they're already established, Zak, right? They're established, they have a clientele. We don't have anybody yet.
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It's a second vertical. It's a stock. Exactly, it's a second vertical. Two-place marketplace, and it also gives them a second vertical to make money on, right? They get to make money.
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It's not like — basically how I found these companies, bro, they all targeted me on a Facebook ad. So are we gonna run ads on getting wholesalers or flippers?
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That's marketing, that's about the whole marketing brand strategy we would deal with, Abdullah, right? And we're running ads on the back end to get people to set up with their home, that they're just fresh properties. But in terms of Soldi, like the actual Soldi ads, I mean we could run ads for Soldi if you wanted to, but I think at first we have enough fucking power that we can just go through Abdul for now. Me and Cam will look and come up with a unique game plan, come up with some copycat-ish shit, recreate their online presence, throw up the logo, and get them, you know, set up.
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Yes. Okay, how she works. Bro, to be honest with you, we gotta run our own campaigns, we gotta sell our own shit. I honestly don't see how they're going to — you know, listen, this is like, exactly. We prove out the concept, we build the fucking user base, we build a fucking place where people are like, "Holy shit, leads get sold on fucking Soldi," right? Whether it's a wholesaler who goes there or a person who owns a PPL company, we're gonna build it into a brand where eventually we make it a two-sided marketplace and double up our fucking revenue, right? We go from just our own stuff, we've built that client base, become big enough, get enough fucking users of the platform, move enough fucking leads, that they see that they fucking want to join.
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That's what happened with iSpeedToLead. iSpeedToLead started doing it to where if you're a call center, if you are a marketer, or whatever it is — sell us your leads, we'll sell on our platform and we'll do a 60-40 split. We're doing much more competitive splits for wholesalers.
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You know we can get competitive in that shit, I'm telling you bro. We come in low as fuck dude, I'm telling you this. We scoop up the market and then we raise the prices later on when everyone's addicted, everyone's on this. We raise the prices for them, bro. Whereas right now we get them in the door a couple percent. It would be one of the most confident places that you know your leads will get sold.
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We've got to get females to make ads, bro. We've got to get fucking females to make ads for this shit. Tim is the one that is great at pimpin' everybody. You know, like fucking interview style? We gotta do the interview style, because culturally that's what they're doing heavy, bro, is interview styles.
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100%. I'll put like 50K, 30, 40, 50K aside for marketing, bro. We'll go ham on this shit, you know? Bro, we will fucking— yes.
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I was going to get through these questions. Can you finish up real quick? You go ahead, my bad. I didn't stop. Go ahead, I want to make sure we get those. Thank you. I'm going to let us take a look at this.
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I was on a call with somebody today and they just built a platform. This platform, how it works— if you type in the property address, it'll give you the comparables, and it also will tell you which flippers have bought it, how much they bought it for, and what landlords are buying properties for. So we could have it— flippers are buying for this much, landlords are buying it for this much. So if you have like an ARV value, you know automatically before you even run the competition if you can get it. But it does comps, a little comps for you, this price bro. You already know it in a cell.
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If you go to iSpeechLeads, you can see how they do it. If you want to check it out real quick— iSpeechLeads. Make a user account, it's free. You'll see how they sell the leads. It's a bull, you guys first, bro. And he doesn't know what the heck to do, what to offer, what this is. This is an example. Yep, just go down, just go to any lead. You'll see how they do it. You can make a free account. Yeah, you'll have to give me some videos.
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They also have like a coupon club if you want to register as a coupon. If you want to do monthly, you know, like if you're a partner— a subscription model. You pay like 100 bucks a month and then you get like cold call leads, coupon leads for 30 bucks a lead. They have a good promotion. We've got to do promotions that encourage people to buy more. Pretty good.
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Because it's not just the wholesalers that are going to be on our thing. It's people that are going to be flippers. People that want to buy and hold. You want to buy a house? Go to fucking Soldi. You want to fix and flip and you want a fucking deal? Go to fucking Soldi. You know, it's not just wholesalers bro. You want to tap into everyone that wants to do real estate.
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All right, in an effort to save some time, can you go ahead to the next one? We're still figuring out— yeah, it's like the sequences, like really lightweight sequences you can run for folks, like emails, text messages, super simple.
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Abdullah, is that good? You know, I was just asking Abdullah— I'm saying, was that good though? Do you think we even need that? Or do you think it makes sense to have the automated sequences? Or is that a fucking headache?
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I don't know, it just seems like— I agree. I just don't know. I just don't think it's worth it. I think we should have it. Well, send people an email at what? How do people— when do they get an email? I don't know. If it takes a long time and it's going to have even the option of breaking or going— yes, exactly. It's not worth it. It is a good option though.
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Okay, next 30 days, for the next four weeks. Let's just put the puzzle pieces together. Let's clean it up, launch it. We'll have it. Abdullah, you may still have to figure out five to ten beta users. I've got a couple people in mind, but let's try and get some folks in the platform in the next week or two. Beta users, give us a call, give us a little comments.
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100%. Yeah, we're gonna need more. 100%. I'm going to start running ads, right? Let's put a small budget, $10, $20 a day, only in Chicago. Let the leads come in. I'll give it to my students. Have them play around with them. Whatever lead it is, you know, 30 bucks, 50 bucks a lead right now. Go ahead, buy it, play with it. I like it. Sounds good.
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Right now it's recorded, right? My pocket. I do, Kim. I'll pull it up. Let's do it. I'll take it. Can you guys see my screen? Yeah. All right. Awesome, dude. We're going to start from the front. Obviously, we want to shape this with your vision as much as possible. You guys are the ones that are in real estate. You guys are the ones that are obviously—
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I'm still a little bit confused. Don't you get a little bit confused? What's up? About the platform— on the ads, if we're already running the ads and closing the ads, call me. And other platforms giving us— I don't see the problem with other platforms giving us any leads.
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Well, we have— I think we should run the ads by ourselves. No one said we're not doing that. Get other companies and have them give us leads— and what's our target? You understand what I'm trying to say? It's like we have to—
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Build the user base. Yep, as you build the user base, that's when we go down that rabbit hole, dude. And I'm telling you, man, we're good at building. We've talked about this multiple times, and I just don't know how it's unclear at this point, right? It's pretty cut and dry. You are obviously running out— it really isn't. It's a very small thing. And the biggest thing here is again, right, growing the user base, growing the fucking brand, getting leads in the system. At least at the minimum, being— you know, mocking up and faking it like a marketplace almost, right? Where others can see.
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And then from there, you know, partnering up with folks and options for us to double our revenue basically. Does that make sense? Okay, any questions? No, that works. Sweet.
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So Bill, this is mainly for you. I need you to take a look at this and we're gonna fill this out together. Essentially, when a fresh seller lead hits the auction, if it's worth a bid, what do you need to see instantly? What's the most important out of this for you guys? Is it equity? Is it distressed type? Seller motivation? What top five would you say are the most important out of these?
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Motivation, number three. What's number two? Seller's motivation. Then you got price, estimated value. Timeline could be one of them too. Timeline is a huge one. Location. Location, number one actually, because people bid off location. It's all about estimated value.
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What about what's next, equity or distress type? So even the fourth thing that we focus on in our call center, bro — the first thing we focus on is condition. Second thing we focus on is motivation. Third thing we focus on is timeline. And the fourth thing we focus on is price. Those are the four main components that we focus on. Right here, we have these four lined up. What's number five? There's a little more components for the stress factor. And then from there, yeah, these kind of make sense. Yeah, it's perfect.
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How front and center should the quality score be? So we're creating obviously a quality score index with a bunch of different factors that play into this, out of 100 score. Would you guys say you want it to be like the main focus point? Do you want it to be a supporting signal, visible? Or do you want it to be like, hey, show me and I'll see it? Or do you want it to be kind of hidden essentially? Do you want it to be front and center? What do you want — you know, our internal score, our internal risk score you could call it essentially, that we're working on?
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I think motivation — I think you should grade it A, B, C, D, E, F or some shit, you know? Grade it. And I think I like that kind of like — we can look at Nitrogen. Nitrogen is a fintech company that does risk, RTQ, and risk assessments and showed itself.
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How long do we have for the meeting? We'll just move on for now.
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Which comp signals would you say are the best? Which ones would you guys want to see at the top? Is it ARV, 70% rule max offer? Is it competency, confidence? That's the ARV range, okay. Footage, yes. Or we can do 70% rule, pretty good too. Awesome.
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And then how long should a lead's auction run, do you guys think? Are you guys thinking six hours, 12 hours, 48 hours, 24 hours? Abdul, what do you think about this?
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I think I'm a little bit different, right, because we were bidding so it's not exclusively — so that's why I'm a little bit confused on it. But if I were to say something, probably 24 hours. Yeah, a lot of like — I'm just thinking for me, like I'm in the bidding thing and I'm not trying to do that. I want to pay a premium and get the exclusive lead and I just get it. Or I do a bidding system where I don't see who's bidding in the back end, and then if the lead is $250, I just get the lead to my CRM. Bidding it, chatting it — like, we don't have time for that as investors. We're just trying to get the lead and keep moving. We don't want time to chat around and stuff like that. I just want, hey, pay this amount of money for leads, and if the quality is good I'm gonna keep purchasing. That's my experience if I was gonna kind of do this all day.
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Exactly. No worries. So in terms of minimum increment bids, what do you guys think? $5, 5%, 3%, 10%? What do you guys think? Maybe — what do the bids look like for you guys? I mean, do you see anybody bidding $5, $10, wasting their time, bro, to get a lead? 5 to 10%, 3% — do you see yourself buying a lead and bidding to get the lead, bro?
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How does Property Lead work? You just put the money in, if you're the highest bidder you get the lead, that's it.
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It comes — one should be a buyout amount. Buy the lead right now for 400 bucks. Second thing is like it starts at 100, but then we need to have an automatic bidder in that, right? Kind of like eBay buy now. Or you know how I usually have it right now — when you saw it, they have a buy now, they have a one-hour exclusive, or they have a fully exclusive. We should have something like that. They could buy it right now — 400, give us full price, it's yours. Or if you wanna buy it right now for a 30% discount, we'll give you exclusive for 24 hours. Or you can buy the non-exclusive lead too.
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Not everything should be exclusive. It should be non-exclusive, and we can sell the non-exclusive leads multiple times — three to five times — because we're gonna make more money off non-exclusive, right? Because that lead's gonna get sold like 10 times. But some of these platforms, bro, 20 people already bought it. 20 people bought it at like 50 bucks, 20 times 50, that's a thousand bucks on the same lead. Even if you got refunds or whatever, so you know. But I think they have to limit how many times you can sell it. I want to make it like cost-share real estate. What do you guys think? Yes.
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Like for example, think about it this way. I'm talking — I don't like, if the car auction is different. If I come in, I see a lead starting at 50 bucks and then somebody else bidding 60, and then I got 24 hours — I'm going to forget about it. Okay, come here, over here. I can buy this for 300 bucks right now — that's going to get me to buy it. Okay, cool. Or hey, I already filled up my account with $5,000 and they're giving me 25 leads exclusive. You understand, bro.
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You want to have 10 big players that you get a deposit of $3,000 to $5,000 up front, and we give them a certain amount of lease guarantee with the refund policy. Think about it — you have 10 people giving you $5,000 a month, that's $50,000 in revenue just came in. Or, you know, we would have to understand — do you want to have a hundred small bees who buy one lead here and there? Which is fine too, we'll have that option too.
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I'm saying like, I don't know bro, I don't think — exactly bro, it's a market, it's a marketplace bro. Imagine like eBay. Not everyone is like you where they fucking set a bid and forget about it. I buy stuff on eBay all the time. I am watching, I get emails, I get phone messages about my offers, about my bids, all that good stuff. People obviously work in different ways. Abdullah, what do you think? People either or.
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So are you saying eventually where you guys are coming back is that other people, other ad agencies, other cold calling — you see other people that are running the ads, they show up, we want them to host their leads here? You want to be like an Amazon of leads, is that what you're telling me? eBay? You better — I don't know, I don't believe in this project if that's the case. It's going to be — I don't believe the other platforms will give us leads. Yeah.
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I'm telling you straight up, you know what I mean? Like if that's the case, you know, that's what me and Cam set out to build and what we want to build, and we'll build the MVP around it. We'll be — just with you guys the last month and a half, two months — if that's not the case, we're happy to pull the fucking plug on this because we've been spending a shit ton amount of time and hours into building this.
4:00 PM - 5:37 PM PDTSystem Audio
I'm not saying that. I know, but if we're not in the marketplace — I know, I'm just saying — we're not in the marketplace that we want and the vision we have and the vision we're building and have built so far. It's not — we can change it. We can change it. You tell me right now, Zak. I have a question for you. You tell me right now.
4:00 PM - 5:37 PM PDTSystem Audio
Property leads are a marketplace themselves. Why would they take their leads or give it to us? They're the same thing as what we're building.
4:00 PM - 5:37 PM PDTSystem Audio
Listen, this is, again, right — it goes back down to the fundamental value that we think we were going to build solely into a powerhouse of users who are buying and selling their leads online on this system. I understand the buying part. I think we should just focus on the buying part.
4:00 PM - 5:37 PM PDTSystem Audio
Abdullah, listen to me. Why do people who have in-person stores — retro game stores, game stores — the stores who sell all this type of retro merchandise and stuff, why do they have an eBay store and an in-person store? Why are they selling their merchandise on eBay as well as in store? It's another avenue of making money. They're not competing with their business, you know what I mean? They're getting their online business. They're not competing with — it's too vertical for people to make money off of.
4:00 PM - 5:37 PM PDTSystem Audio
I'm not saying that they're going to want to work with us off the bat. At a point in time, dude, we're going to have a big stat that talks about how many leads sold. All these stats about sold. How do you think you're going to get other people to sell on our platform?
4:00 PM - 5:37 PM PDTSystem Audio
I've answered this question six times on this call and I'll answer one more time as well. Which is again, after we build the user base, after we get a number of leads sold in the system, people will see that as a place to enter the market. If we're on the number of leads sold and we're continuing to go on this upward trajectory of taking over companies on number of leads sold, they're gonna look at the number of leads sold, want to join, and also additionally add their leads onto our system. Again, it goes back to Abdullah's brand. He is the person who's going to be behind Soldi. He's the main face. People are gonna wanna work and partner with him.
4:00 PM - 5:37 PM PDTSystem Audio
You're telling me — who the fuck owns iSuite to Lead? If we don't get more monthly users than them, sell more leads than them, you don't think Abdullah can come in there and be like, "Hey, partner up with me and put some leads here and see what happens"? We partnered with — they ran a campaign with us. I think we gave five or ten callers and we were selling leads to them. They had their own exclusive, you know.
4:00 PM - 5:37 PM PDTSystem Audio
So if that's what you want to happen, then I'm talking to you while this conversation's happening. They're a marketplace. They don't do their own leads. They don't generate their own leads. They use other call centers, other meta marketers and tell them, "Hey, give us your leads." They get 40 percent of the profit — they keep 40, any refunds happen then —
4:00 PM - 5:37 PM PDTSystem Audio
Exactly. It wouldn't be profitable at that price. Of course it will be — $200 bucks, $20 bucks is not gonna be the reason. They do 60 because it's a lot of returns and a lot of back-end work. How are we going to make money out of 10%?
4:00 PM - 5:37 PM PDTSystem Audio
The reason — I don't think that's that many we're going to sell today. That's exactly why you don't have to worry about that. That's why me and Cam and Abdullah are the ones that are putting a lot of —
4:00 PM - 5:37 PM PDTSystem Audio
What do you think, Abdullah? Do you think — I would think we'd be like an ad agency and have a — excuse me — we redo the market, we sell them, and then also package up like a big client who's got five or ten grand down. We give a little bit more discount, we get bigger clients, and maybe even become like an ad agency that we charge people a thousand or fifteen hundred bucks a month to manage their account and 10% of ad spread.
4:00 PM - 5:37 PM PDTSystem Audio
That sounds horrible. I mean, do you want to — Cam, you talk to me about it. You tell him about it.
4:00 PM - 5:37 PM PDTSystem Audio
Who the fuck wants to do that? He's got 70 people. Are you doing that work, bro? I'm so confused, bro. We're trying to build a platform that does this on demand. We don't get paid to do work, bro. If you want to pick up their work, you're more than welcome to. You're hiring hundreds of thousands of dollars of engineering.
4:00 PM - 5:37 PM PDTSystem Audio
We're gonna run our own ads, and then once we run our own ads, take that data, dump it to this for sale. Because the thing is, if you run your own campaign, leads are gonna cost us $20, $30 nationwide. Exactly.
4:00 PM - 5:37 PM PDTSystem Audio
Yeah, thing is I could reach out to other marketing agencies. Not even right now, nobody's gonna give us any data. I mean, if something's not working we can always adapt.
4:00 PM - 5:37 PM PDTSystem Audio
Yeah, I have to go in a little bit. I'll come to the office. Listen guys, so next week we have the lull, we're going to continue building out updates from what we talked about today and then we'll try and get some trial users in the system, beta users, getting a feel for the system, using it.
4:00 PM - 5:37 PM PDTSystem Audio
How about this — let's set up the people in the office with this. If you want the trial users, I can give you five, ten students and you can do them. Once you guys are ready for users, you let me know, then we'll get users.
4:00 PM - 5:37 PM PDTSystem Audio
So what's the next step? Yes, the next step is me and Cam are going to continue working on getting ads set up. We're going to start these ads next week to get homeowners.
4:00 PM - 5:37 PM PDTSystem Audio
You guys know how to run ads? We never got the ads. Are we going to go down that rabbit hole though? Do you want to know? I'm just saying, I hired you for ads, we ain't never got ads. Let's get some users in. Let's fucking close some deals.
4:00 PM - 5:37 PM PDTSystem Audio
All right, boys. No worries. As of right now, bro, build the platform, let's run our own ads, let's sell our leads, show people — like Zak said — show them a significant amount of properties sold or leads sold, then I can start reaching out to other PPL companies. Yes. And then we can do it that way. That's free leads for us.
4:00 PM - 5:37 PM PDTSystem Audio
100 fucking percent, bro. I'm telling you, man, these dudes will probably do it just to be posted on your fucking story. You could be posted like, "Hey, we just partnered up with fucking whatever XYZ firm," you know, now their leads are fucking being posted and sold, right? That type of shit, man. I'm telling you.
4:00 PM - 5:37 PM PDTSystem Audio
Bro, your community is going to be buying up other people's ads, other people — you'll be making money with other people.
4:00 PM - 5:37 PM PDTSystem Audio
Are we gonna work on Soldi too, like Facebook to get homeowner leads? It's not "Soldi," it's "Soldi" — Soldi is an Italian word for money.
4:00 PM - 5:37 PM PDTSystem Audio
Abdul, listen, that's a good idea. I think that's an option later on, but right now, bro, these wholesalers are Abdullah's students and they are his fucking entire follower base, right? So I think it makes sense to run ads on Soldi, but I think as of right now while we ramp up again nice and slow, we'll take it nice and easy, make updates as needed, pivot, adapt, and then continue to make a more refined product.
4:00 PM - 5:37 PM PDTSystem Audio
I'll spend $2K. I want to see what type of leads you guys bring in. Give us one week from now, let me go ahead.
4:00 PM - 5:37 PM PDTSystem Audio
Obviously not. Okay, perfect. Let's start that, and I'm down. I think that's pretty much a good call. Good stuff, thank you guys. All right, guys.
4:00 PM - 5:37 PM PDTSystem Audio
You guys aren't gonna run ads? I gotta take a call. Hey listen, we'll still talk about this. I need your ads for AK Callers. That shit's fucking dead in the water. Fire Toko. Fire Toko. Fire Toko.

Research Items

13 items · multi-agent transcript analysis

Supply-side validation: will competing lead providers actually list on Soldi?high

Why The single biggest unresolved market-validation question. Bill repeatedly objected that 'the other platforms are the same thing as what we're building — why would they give us their leads?' (lines 309-313, 453-479, 764-784), and the team's only answer was 'after we build the user base.' The entire two-sided marketplace thesis hinges on this untested assumption about competitor/partner willingness. Validate via early conversations with 1-2 PPL companies before over-building.
Where to look Bill's repeated challenge (lines 309-313, 453-479, 764-784); proposed path = Abdullah's brand/network leverage and the prior ICSD/'ISP to Lead' partnership precedent; validate with 1-2 PPL companies early

Marketplace take-rate and refund-rate viability: can Soldi profit at ~10% when competitors take 40-60%?high

Why Bill/Abdullah challenged the core unit economics: competitors take 40/60 'because there's a lot of refunds and a lot of back-end work,' so 'how are we going to make money off 10%?' Cam's answer ('at scale, 100,000 times a day') was directly disputed ('I don't think that's that many we're going to sell'). Modeling this requires the refund-rate analysis surfaced in the non-exclusive resale debate (3-5x resale vs competitors' ~20x, plus refund exposure). Unvalidated assumption that determines whether the business works.
Where to look Soldi 5-10% fee vs competitor 40/60 split; refund/back-office cost driver and non-exclusive resale caps (lines 307, 435-437, 471-489, 756, 784)

Regulatory/licensing exposure for listing under-contract properties on the platformhigh

Why Cam explicitly committed to research this: when Abdullah proposed letting users list properties once under contract (a second marketplace to sell deals, not just leads), Cam said 'there might be some regulatory stuff that we would want to avoid, but I love the idea and I'll do some research to see what that would require' (lines 255-256). Hosting under-contract listings / wholesale assignments can trigger real-estate brokerage licensing and assignment-disclosure rules that vary by state — an unresolved legal gate on the disposition-marketplace feature.
Where to look Cam (owns the research); 'sell your deal'/disposition marketplace idea raised by Abdullah (lines 241-256, 646)

TCPA / DNC / consent compliance for the cold-call lead verticalhigh

Why INFERRED — flagged by no one on the call. The team plans a 'cold call lead' layer ('way number two' of seeding leads) and debated only the disclosure framing ('we have to let them know it's a cold call lead', lines 297, 672), never the legal dimension. Selling leads generated by cold-calling (vs opted-in form fills) raises TCPA, Do-Not-Call registry, and consent-provenance liability that must be validated before building this as a sellable lead class.
Where to look Cold-call layer is 'way number two' of seeding leads (lines 295-303, 670-672)

Lead resale rights / provider terms when reselling purchased PPL leads at a markuphigh

Why INFERRED — never raised on the call. The core launch plan is to buy leads from Abdul's existing providers (PropStream, Chicago House 360, the $91/365-lead source) and resell on Soldi at $100-250. Whether those providers' terms of service permit reselling/redistribution of purchased leads is a direct legal/operational risk to the entire seeding strategy and must be checked before relying on it.
Where to look PropStream, Chicago House 360, and the $91/365-lead source Abdul showed Zak 'yesterday' (lines 283-285, 299, 305, 662, 676)

Competitor teardown: iSpeedToLead and its sister site DispoMyLeadhigh

Why Named repeatedly as the closest analog and the model to study and beat. The team explicitly directed making a free account to document their lead-listing flow, 60/40 call-center split, disposition center, lead-detail UX, and 'coupon club' subscription ($100/mo for $30 cold-call leads). Abdul: 'If you go to iSpeedToLead, you can see how they're doing it... make a user account is free... You'll see how they sell the leads.' Their 60/40 split is the number Soldi wants to undercut to ~10%.
Where to look iSpeedToLead + sister disposition site DispoMyLead; 60/40 split, coupon club / subscription model (lines 243, 335, 349, 467, 640, 694, 706, 780-782)

Competitor teardown: Property Leads / PropLead (bidding-marketplace model)high

Why The closest direct analog — a bidding-based lead marketplace that 'doesn't generate their own leads,' sources from call centers/marketers, and takes ~40%. Soldi's bidding system is explicitly modeled on 'how PropLead does it.' Understanding their supply-side acquisition model is essential because Bill's central skepticism ('they're a marketplace themselves, why would they give us their leads?') hinges on it. Reference mechanics: buy-now buyout, one-hour exclusive, fully exclusive, bidding.
Where to look Property Leads / PropLead; buy-now buyout, 1-hour exclusive, fully exclusive, bidding mechanics (lines 287, 431, 435, 459, 467, 668, 752, 764, 770-782)

Cost-per-lead benchmarks, geo-targeting strategy, and pricing arbitrage validationhigh

Why Abdul named the open data question: 'right now we don't know our cost per lead' — go nationwide ($50-70/lead), target 10-15 metros, or stay in Chicago to measure? This is the pricing/market research gating ad spend, and it folds in the arbitrage thesis to validate: Abdul's leads cost $91/lead (from 365) while PropStream and Chicago House 360 sell 'the exact same leads' for $250, with another platform at ~$90. The $91-buy / $100-resell vs $250-market spread is the stated economic basis for seeding the system and needs verification.
Where to look Nationwide $50-70/lead; Chicago House 360 $250; another platform ~$90; PropStream $250 vs Abdul's $91/lead (365 leads); decision: nationwide vs 10-15 metros vs Chicago-only test (lines 283, 305, 662, 676)

Sourcing flipper/landlord buy-price + ARV comparables data by addresshigh

Why Abdul described a platform that, given a property address, returns comparables plus what flippers and landlords actually paid — effectively an instant ARV before running comps. The team wants this to make the comparables page valuable. Cam responded explicitly: 'I can absolutely look into sourcing that data and that's exactly the sort of feedback I'm looking for.' Where this data comes from is the open research item.
Where to look Cam (owns sourcing); the unnamed platform Abdul saw 'on a call'; current comparables page needs work (lines 343-347, 417, 704)

Reverse-engineer Kalshi's Meta/Snapchat ad strategy (astroturf creative to copy)medium

Why The team wants to replicate Kalshi's social ad approach 'word for word, bar for bar': 'Go to the Meta back end, look at all the ads Kalshi's running. Remake them.' Studying the Meta Ad Library for Kalshi's creatives and the astroturfing/influencer-testimonial format ('betting on the weather' Snapchat creative, 'two kids running around' UGC) is a concrete marketing-research task driving the entire ad strategy.
Where to look Kalshi ads via Meta Ad Library back end; Snapchat/Instagram creative; astroturfing concept defined at line 273 (lines 267-275, 652-656)

Stripe credits/escrow-equivalent ledger + concurrent-bidding technical validationmedium

Why Cam identified the missing 'economic system': a Stripe integration where users prepay for credits to avoid an escrow problem in the bidding markets, plus battle-testing 'multiple users on the same site bidding for the same property — or lead for that property,' planned 'in the coming weeks.' Two coupled technical unknowns — payment/credit ledger design and bid-concurrency handling — to investigate before go-live.
Where to look Cam; Stripe integration, credits-as-currency 'equivalent to escrow', concurrency test 'in the coming weeks' (line 33)

Auction mechanics and quality-score design (duration, increments, buyout, resale caps, factor weighting)medium

Why Open product decisions surfaced in the founder questionnaire (Zak owns it, gathered as voice notes): auction duration (6/12/24/48h, leaning 24h), minimum bid increment ($5 / 3% / 5% / 10%), buy-now/buyout pricing, eBay-style auto-bidder, non-exclusive resale cap (3-5x), and which lead attributes drive the proprietary quality/match score (condition > motivation > timeline > price per Abdul's call center; Bill emphasizes location). These feed the scoring algorithm and auction floor and need decisions before launch.
Where to look Auction-design + quality-score questionnaire (Zak owns); eBay buy-now model; A-F grading; Nitrogen named as risk-score presentation reference (lines 401-447, 732-756)

Google PPC $20K ad-credit promotion: eligibility and termsmedium

Why Abdul cited a promo giving $20,000 in ad credit for ~$1,000-$10,000 spend on a 'new account' (lines 149-159, 592), and Cam said 'we're totally good for this if we wanted to blow ten bands on ads.' Eligibility was stated loosely ('just like a new account basically') and the spend threshold is inconsistent ($1K vs $10K) — a quick, high-value verification before committing ad budget.
Where to look Google PPC / Google Ads new-account credit promo; eligibility and spend threshold ($1K vs $10K) need confirming (lines 149-159, 592)

New Features

14 items · multi-agent transcript analysis

Auction floorlivehigh

The landing/home page showing live auction floors of leads segmented by geo/state and lead type (pre-foreclosure, divorce, etc.), each with equity and a proprietary match score. Demoed as page one of the app. 'This first page is the auction floor... they'll see leads from various geos, different states.'

Bid / lead detail pagelivehigh

Per-lead page pulling free property images by address and showing equity, price per square foot, bed/bath, basic financials, the system's read on motivation, and a bid-history graph. Demoed as built. 'This shows a couple interesting metrics — the equity, the price per square foot, bed, bath... This is a bid history graph.'

Quality / match score (AI score)in-progresshigh

Proprietary 0-100 'magic number' / internal risk score rating lead quality from factors like motivation, condition, timeline, price, location, and equity. Built but actively being refined; team discussed displaying it as an A-F letter grade (Nitrogen-style) and renaming it 'AI score', with open questions on factor weighting and prominence. 'we're creating a quality score index with a bunch of different factors... a magic number that we're making up.'

Stripe credits / economic systemproposedhigh

Stripe integration where users pre-fund an in-platform credit balance used to bid/buy leads, removing escrow issues. Identified as the key missing piece; not yet built ('there's no credits'), and next on Cam's list. Includes credit-economy mechanics enabled by controlling the currency: volume discounts (spend more, $1 of credit costs ~95 cents) and special/pricier credits for premium lead classes. 'I'm just gonna set up the Stripe integration and allow you to say, okay, I want this many dollars in the system.'

Admin panel (running the floor)proposedhigh

Back-office tooling to operate the marketplace: how leads get added into the system and how prices are set ('funding the floor' and 'running the floor'). Explicitly named as one of the two missing pieces alongside Stripe; required for go-live, not yet built. 'how are leads getting added into the system? How do you set the price?'

Platform transaction feeproposedhigh

Core monetization: Soldi takes a cut (~5-10%, exact number TBD) every time a lead changes hands, regardless of who sources or buys it, so the platform makes money no matter the direction. 'Soldi takes a fee for a lead changing hands... probably five percent, maybe ten, I haven't figured out the exact number.'

Exclusive vs non-exclusive lead tiersproposedhigh

Tiered purchase options per lead: buy-now full price, ~30%-discount exclusive for 24 hours, or cheaper non-exclusive leads resold 3-5x (capped, vs competitors reselling ~20x). Non-exclusive seen as the bigger moneymaker. Also covers a distinct cold-call lead class — lower-quality, clearly labeled, priced down. 'they have a buy now, a one hour exclusive, or a fully exclusive... we can send the non-exclusive leads multiple times.'

Two-sided lead marketplace (third-party sellers)proposedhigh

Strategic end-state where PPL companies, call centers, and marketers list their own leads on Soldi for a small take rate, making it the 'eBay/Amazon of leads.' Core vision Cam/Zak defend; contested by Bill; not part of the 4-week MVP. Requires seller-side onboarding and revenue splits.

Secondary property / deal marketplaceproposedhigh

A second marketplace on the same platform where buyers who close a deal can upload and resell the property itself (including once under contract), so investors and flippers can buy properties, not just leads. Abdullah's idea, strongly endorsed by Cam; under-contract listing flagged for regulatory review. 'another marketplace where they could just upload and sell their deal too... On the same platform.'

Buy-now / buyout + automatic bidderproposedhigh

Instant buyout option to purchase a lead outright at a set price (e.g. $400) instead of bidding, plus an eBay-style automatic/proxy bidder where a buyer sets a max and the system bids up from a base price (e.g. $100). Strongly requested by Abdul/Bill; not yet built. 'One should be a buyout amount. Buy the lead right now for 400 bucks... we need to have an automatic bidder in that bitch, kind of like eBay.'

Lead intake form / seller landing siteproposedhigh

Inbound homeowner-facing intake form/site ('looking to sell your property, fill out this form, we'll do the rest') capturing distressed-seller leads from local search/Meta ads and feeding the auction floor and quality scoring. Foreshadowed as needed for ad-sourced leads; not yet built. 'we'll have an intake form for anyone coming from the local search ads online.'

Lightweight CRM / pipeline managerlivemedium

Page to manage purchased deals as a pipeline: expected value when flipped, filtering for stale vs under-contract deals. Explicitly called 'a lightweight CRM.' Demoed as built.

Portfolio / metrics pagelivemedium

Dashboard tracking leads purchased, conversion rate, cost per lead, and value generated, aggregated over selectable timelines (30 days, 3 months). Demoed as built; team to gather input on which stats matter most. 'Here's the portfolio page... here's how I'm doing over the last 30 days.'

Leaderboard / gamificationlivemedium

Leaderboard ranking top spenders and who turns leads into wins, to gamify the platform and let users flex; Cam's favorite, recently added (Abdul skeptical it serves serious buyers). Includes a proposed extension to share standings/wins to social media ('I'm #1 on Soldi this week') to drive organic sharing. 'This is what we're hoping gamifies the process... who is the big spender on our platform?'

Buyer / Seller Objections

11 items · multi-agent transcript analysis

Why would a PPL company or competing marketplace supply its leads to Soldi? We're a competitor — Property Leads are the same thing as what you're building, and they're selling their own leads.seller

Context The most-litigated point in the meeting (lines 309-321, 453-485, 678-686, 770). Abdul/Abdullah repeatedly object: 'Who's gonna give us any lead, bro? Why would they give us leads? They're selling their own leads' and 'Property Leads are a marketplace themselves... they're the same thing as what we're building.' This is the objection an actual lead seller / PPL operator would raise.
Response Position Soldi as a second revenue vertical, not competition — like a retro game store selling on eBay AND in-store: 'It's another avenue of making money. They're not competing with their business.' Sellers list the same lead in both places, gain access to Abdullah's buyer network/brand, and Soldi may sell their leads faster than their own platform. Once Soldi shows high volume of leads sold, partnering becomes a no-brainer (lines 315-319, 463, 467, 778). Caveat raised by participants: unproven, and Soldi has no users yet.

Your low take rate is unsustainable — incumbents take 40-60% because lead-selling involves heavy refunds and back-end work. How do you make money on only ~10% and still pay providers reliably?seller

Context Lines 469-485, 782-786: iSpeedToLead does a 60/40 split; 'the reason they do 60 is because there's a lot of refunds and a lot of back-end work. So how are we going to make money off 10%?' A real provider would inversely object that a 10% fee sounds too good to be sustainable. Abdullah himself doubts the volume is achievable ('I don't think that's that many we're going to sell').
Response Margin works at scale because Soldi isn't sourcing or servicing most leads — 'You do it 100,000 times a day' and 'we don't have to source everything. All we're doing is providing a place for a buyer and a seller to meet' (lines 473, 477). The thin take is the acquisition wedge ('come in low, scoop the market, raise prices later,' line 335). Unaddressed risk: who absorbs refund/quality liability on third-party leads at a 10% take.

The marketplace is empty with no track record — as a buyer there's nothing worth bidding on, as a seller there's no audience, and neither side trusts a platform with no proven volume. Why join?both

Context Classic two-sided cold-start objection (lines 321, 333, 397, 684, 728). The mitigation is a four-pronged seeding plan (lines 295-303, 670-676): own ads to source leads, a cold-call lead layer, buying leads from Abdullah's providers at a steep discount and reselling at markup, and recruiting providers once volume exists. Also 'mocking up and faking it like a marketplace' so others see activity (lines 397, 728).
Response Self-seed: buy leads from Abdullah's existing providers at a discount and resell at markup, add a cold-call lead layer, and run own ads — proving the system sells leads before recruiting third-party sellers. Create visible marketplace activity early, then publish stats on leads sold. Liquidity from owned supply first; network effects and third-party sellers come after demonstrated volume (lines 333-335, 463, 778).

If you sell the same non-exclusive lead 10-20 times, the homeowner gets hammered with calls and the lead is worthless by the time I reach them. I'm paying for a burned-out contact.buyer

Context Lines 435-437, 756: participants celebrate that 'that lead gets sold like 10 times... 20 people already bought it at 50 bucks... made a thousand bucks on the same lead.' The buyer's clear objection is lead saturation/dilution — a lead resold 20 times has near-zero conversion value.
Response Offer a clear exclusivity ladder: instant buy-now full-exclusive, a 30% discount for 24-hour exclusivity, and cheaper non-exclusive that is explicitly resold a capped number of times (three to five, not unlimited), with refunds available. Price each tier to its conversion value and disclose resale count so buyers self-select. Premium/exclusive packages for power users who won't touch shared leads (lines 435-437, 754-756).

How do I trust your 'quality score' / 'AI score' when you admit it's a made-up magic number? I'm paying real money based on a metric you invented.buyer

Context Lines 237, 411, 634, 738: the team openly says the score is 'basically a magic number that we're making up' and 'you can call it AI score or whatever the fuck you want.' A sophisticated buyer (Abdul, the power user) would object to bidding real dollars on an opaque, self-serving score.
Response Anchor the score to the concrete signals buyers already use — condition, motivation, timeline, price, location (lines 403-409, 736); present it as an intuitive A-F letter grade; and model it on an established risk-scoring firm like Nitrogen (lines 413, 740). Make score prominence user-configurable so power users can rely on raw factors. Transparency about inputs is the trust lever the meeting implied but didn't fully commit to.

I'm a serious investor with seconds to act — I don't want gamification, chat, leaderboards, or to babysit a bidding war. Just let me pay and get the lead and keep moving.buyer

Context Lines 423-447, 748-752: Abdul, the power user, explicitly resists bidding/chat/social features: 'we don't have time for that as investors... we just try to get the lead and keep moving' and 'do you see anybody bidding five, ten dollars, wasting their time?' Described as 'the power user who doesn't need all the bells and whistles.'
Response Serve both segments: a one-click buy-now/buyout (e.g. $400) and an eBay-style auto-bidder for power users who want speed, plus a premium exclusive path to skip the auction entirely — alongside the gamified/social 'call sheet for real estate' experience for newer community users Abdullah brings in. Make bidding and chat opt-in, not forced (lines 425-435, 754).

You're selling me cold-call leads dressed up as opt-in leads — the homeowner never filled out a form and will say 'we got a random cold call,' so they're lower quality and I'll feel deceived.buyer

Context Lines 297, 670-672: someone suggests not disclosing that cold-call leads are cold calls and is firmly overruled: 'Yes we do. We absolutely do... they're going to be worse leads, and if you call them they're going to say we didn't fill out a form, we got a fucking random cold call.'
Response Mandatory disclosure: every cold-call lead is labeled as such and priced lower than form-fill leads, so buyers know exactly what they're paying for and aren't blindsided when they call. Transparency protects platform trust and repeat purchasing (lines 297, 672).

Putting money/credits and large upfront deposits ($3K-5K packages) down before I get value is friction — and what protects my funds if a deal falls through or the platform mishandles them? Where's the escrow and refund assurance?buyer

Context Combines the deposit-friction, exclusivity-assurance, and fund-safety angles (lines 33, 285-293, 421, 443, 760). Cam frames the Stripe credits layer as 'the equivalent to escrow in our bidding markets' (line 33). Buyers fronting $5K want exclusivity and a refund policy; Abdullah's story of money 'tied in' to properties where 'we don't even know if we're gonna get our money back' (lines 207, 614) underscores the trust stakes.
Response Build a credits/Stripe deposit system that functions as escrow-equivalent for the bidding market, with exclusive lead classes, volume discounts (spend $1 costs 95 cents), guaranteed lead counts with a defined refund policy on big deposits, and a ~$100/month coupon-club subscription for discounted cold-call leads (lines 293, 353, 443, 708). Exact refund mechanics and who bears liability on third-party leads remain open and should be specified before taking large deposits.

Your pricing is only cheap to hook me — you've openly planned to 'raise the prices later when everyone's addicted.' Why build my pipeline on a platform that will jack rates once I'm locked in?buyer

Context Lines 335, 696: explicit strategy — 'we come in low as fuck... we scoop up the market and then we raise the prices later on when everyone's addicted... We raise the prices for them.' A discerning buyer would object to the bait-and-switch trajectory and lock-in risk. No direct rebuttal was offered in the meeting.
Response No explicit response was given in the meeting. Recommended: justify any price increase with genuine accrued value — proprietary comps/ARV showing flipper and landlord buy prices (lines 345, 704), a lightweight CRM, portfolio analytics — so buyers stay for utility rather than because they're trapped. Avoid framing that invites churn the moment a competitor undercuts.

Why buy leads from Soldi at a markup when I can get them cheaper elsewhere — and you don't even know your own cost per lead yet?buyer

Context Lines 283-285, 305, 662, 676: the buyer currently pays $250 on Chicago House 360, sees $90 leads elsewhere, and the team admits 'right now we don't know our cost per lead.' Soldi's plan is to buy $91 leads and resell at $100 vs PropStream's $250.
Response Resell sourced leads below competitors ($100 vs PropStream's $250) and eventually run own ads to source leads at $20-30 nationwide, selling at a markup that still beats the market (lines 305, 485, 794).

Listing under-contract properties and brokering deals on your platform sounds like it crosses into regulated real estate / brokerage activity. Am I exposing myself to legal risk by transacting here?seller

Context Lines 253-255, 646: the group wants to let users list under-contract properties for sale (a second marketplace beyond leads). Cam flags it directly: 'there might be some regulatory stuff that we would want to avoid... I'll do some research to see what that would require.' A wholesaler would object to licensing, assignment-of-contract, and disclosure exposure when disposing of contracts through a third-party platform.
Response Treat the under-contract/property marketplace as roadmap, not MVP, and complete regulatory research (brokerage licensing, contract-assignment and disclosure rules by state) before enabling it. Cam committed to researching what compliant implementation requires rather than shipping it blind: 'we should plan on trying to integrate something like that... and then I'll build something out here' (line 255).

Competitive Intel

12 items · multi-agent transcript analysis

iSpeedToLead (ISP2Lead) + DispoMyLead

The most directly cited competitor and the closest model for Soldi. A pay-per-lead marketplace that does NOT generate its own leads — it aggregates from call centers and meta marketers and resells on a ~60/40 revenue split (platform's cut stated inconsistently across the call, 40% vs 60%). Live UX includes free signup, a buy-now / one-hour-exclusive / fully-exclusive lead tier structure, and a 'coupon club' subscription (~$100/mo for discounted ~$30 cold-call leads). Its sister site DispoMyLead (aka 'Dispo'/'Deal') is a disposition center for selling deals/properties — but the team notes they keep lead-buying and disposition on two separate sites and 'don't actually do disposition on their website' despite having it.
Relevance The primary template Soldi is built against: a two-sided lead marketplace with a revenue-share take rate, plus a disposition arm (Home Run Equity is Soldi's equivalent). Soldi's wedge is undercutting the split and UNIFYING lead-buying + disposition on one platform, which the incumbent deliberately keeps split. INFERRED: the two-site split may be scar tissue, not oversight — disposition of property under contract touches licensing/RESPA concerns Cam already half-flagged ('regulatory stuff we'd want to avoid'), so it may be a regulatory moat, not a gap. Their fatter split is also defended internally as covering refunds and back-end work.
Takeaway COPY the proven UX — make a free account to study it — including buy-now/timed-exclusive/fully-exclusive tiers and the coupon-club subscription. BEAT the ~40% take rate (Soldi plans ~10%, 'come in low, scoop the market, raise prices once users are addicted'). BUT investigate WHY they split lead-gen from disposition before betting the roadmap on unifying them — it may be regulatory. Budget for the refund/chargeback liability the fatter margin silently covers.

Property Leads (PropLead / Properti)

The purest structural mirror of Soldi: 'a marketplace themselves... they're the same thing as what we're building.' Runs a bidding/auction system ('put the money in, the highest bidder gets the lead'), does not generate its own leads, sources from call centers and marketers and takes a cut (~60/40). Bill's (the skeptic's) core objection centers here: 'Why would they give their leads to us? They're the same thing as what we're building.'
Relevance The existential competitive question of the meeting and the explicit reference for Soldi's bidding mechanic. Soldi's 'Amazon-of-leads' thesis hinges on eventually convincing suppliers — or Property Leads itself — to list on Soldi; Bill argues a marketplace will never feed a rival. INFERRED: Soldi has no real answer to the SUPPLY-side cold-start beyond 'Abdullah's brand' and 'we'll be bigger so they'll want in,' which is circular. The near-term reality the team half-admits ('faking it like a marketplace almost') is that Soldi will for a long time BE Property Leads' customer — buying leads to resell — not its peer. The position starts parasitic, not disruptive.
Takeaway COPY the bidding/auction mechanic and pure-marketplace model. Recognize Soldi competes on the BUY side (as Property Leads' customer) long before the supply side. Treat 'they'll list with us once we're big' as a v3 bet, not an MVP assumption. The defensible early play is being the best PLACE to buy aggregated leads + dispo in one app — not flipping the supply network.

365 Leads + PropStream (the arbitrage spread)

The concrete near-term business model in disguise. Abdul buys leads from 365 Leads at $91/lead; PropStream sells 'the exact same leads' at $250 (confirmed twice). Plan: buy at ~$91, list on Soldi at ~$100, capture the gap while still undercutting PropStream's $250 retail.
Relevance This is the actual MVP — lead arbitrage/reselling seeded by buying cheap from existing wholesale sources, dressed up as a marketplace. INFERRED: if the 'same lead' is $91 vs $250, the spread is pure distribution/informational arbitrage anyone with Abdul's supplier access could do — so the early moat is his purchasing relationships, not the software. It's fragile: if 365 Leads raises prices, goes exclusive, or buyers go direct, the spread evaporates. It also implies non-exclusive, multiply-resold leads (consistent with the '20 people bought it at $50' comment), capping quality and inviting the refund problem the team is hand-waving.
Takeaway EXPLOIT the spread to seed liquidity (buy ~$91, list ~$100, vs PropStream's $250 high-water mark). But recognize the real MVP is arbitrage on Abdul's wholesale access, not a marketplace — lock in supplier terms (exclusivity/volume pricing) early because the spread is borrowed, not owned. Validate that resold non-exclusive leads can sustain the markup before assuming durability.

Generic PPL companies + the incumbent ~40% take rate

The broader pay-per-lead category Abdullah has relationships with (operators with 500-1,000+ users), both competitor set and target supplier pool. Incumbent economics: a ~60/40 split justified by 'a lot of refunds and back-end work.' Soldi's counter: take only ~10% (sometimes ~5%), 'much more competitive splits,' undercut to grab share, then raise prices once users are 'addicted.' Plan to recruit these companies as suppliers: 'free leads for us.'
Relevance Defines the pricing/take-rate battleground and the supplier-recruitment thesis. INFERRED: Bill's objection — 'they do 40 because there's a lot of refunds and back-end work; how do we make money on 10%?' — is the sharpest UNANSWERED question in the meeting, and 'at scale, do it 100,000x a day' is no answer with zero supply commitments. The incumbent margin is likely a cost-of-doing-business floor (refund liability, fraud, verification, disputes), not pure rent. At 10% Soldi either eats uncovered refund liability (margin death) or pushes it onto buyers (kills demand). The 'come in low, get them addicted, raise prices' playbook also assumes lock-in a non-exclusive, multi-homing market structurally resists.
Takeaway A 10% take rate is a marketing weapon but probably below the true cost floor the incumbents' 40% covers. Model fully-loaded cost-to-serve per lead BEFORE committing. RECRUIT PPL operators via Abdullah's brand as future suppliers — but note Bill's unresolved objection that competitors won't supply a rival, and that 'lock-in then raise prices' is weak where switching is frictionless. Bill's question deserves a real unit-economics answer.

Home Run Equity (Abdullah's existing operation)

Mentioned in passing — 'we have the same thing, we have Home Run Equity, right?' — as Abdullah's existing real-estate/lead operation, the in-house analog to iSpeedToLead/DispoMyLead's buy-lead + disposition combo.
Relevance Abdullah's incumbent business is a captive comparable and the source of Soldi's initial supply, demand (his students), brand, and credibility; Soldi is partly a software productization of what Home Run Equity already does manually. INFERRED: Soldi's true competitive identity may be less 'Amazon of leads' and more 'the software layer for Abdullah's existing operation.' That reframing resolves much of the Bill-vs-Zak deadlock — the durable, defensible business is verticalizing Home Run Equity's own pipeline (buy cheap, score, resell to students, track in a lightweight CRM), with the open marketplace as upside option, not foundation. Risk: heavy dependence on one operator's brand is a key-man dependency the team leans into ('he's the main face').
Takeaway LEVERAGE Home Run Equity as an existing in-house equivalent to competitors' disposition centers — a head start on the deal-marketplace side and a source of supply/credibility. Soldi's most defensible v1 is productizing this existing workflow, not out-marketplacing Property Leads — the one position fully under the team's control. Recognize the key-man risk of tying the brand entirely to Abdullah.

eBay / Amazon marketplace mental models (incl. retro-store analogy)

The repeated analogies that ARE the product spec and the strategic pitch. eBay justifies buy-now + automatic/proxy bidder + watch/notify engagement and price tiers ('not everyone sets a bid and forgets... I get emails about my bids'). The retro-game-store-with-an-eBay-store analogy is Zak's central argument that suppliers would dual-list on Soldi as a non-cannibalizing second revenue vertical. Bill reframes the end-state as 'You want to be the Amazon of leads?' — the aggregator where third-party ad/cold-call agencies host their leads.
Relevance These analogies define both the auction UX (buy-now, increments, exclusive vs non-exclusive, sell-a-lead-3-to-5x, anti-snipe auto-bidder) and the supplier-acquisition pitch. INFERRED: the framing flatters the vision but hides a category mismatch. eBay sellers dual-list because inventory is non-perishable and channels don't cannibalize. Real-estate LEADS are time-perishable and non-exclusive — a seller dual-listing the SAME lead accelerates decay and refund risk, unlike a used cartridge. The retro-store analogy actually UNDERCUTS the pitch, since Bill's point is that a competing marketplace is a SUBSTITUTE, not an incremental channel. The team uses the analogy to win the argument rather than test it.
Takeaway COPY the eBay auction mechanics (buy-now tiers, proxy/auto-bidder, watch/notify loop) — a sound, implementable UX spec. But the supply-side eBay/Amazon analogy is rhetorically convenient and structurally weak because leads are perishable and substitutable; don't let it substitute for a real supplier-acquisition strategy.

ICSD (past lead-supply partnership)

A company Abdullah/team previously partnered with — a campaign that grew into '5 or 10 callers,' with Soldi's side selling leads into it; the partner ran its own exclusive inventory.
Relevance The one concrete proof-point cited that lead-supply partnerships actually happen and can scale, directly countering Bill's 'no marketplace will feed a rival' objection. INFERRED: notably, this was a bespoke operator-to-operator relationship built on Abdullah's network, NOT a competitor voluntarily listing on a rival marketplace — so it validates the recruit-via-relationships thesis more than the open-marketplace thesis. It supports the captive/productized-operation reading (Home Run Equity) over 'Amazon of leads.'
Takeaway USE as the real track-record evidence for the partnership/supplier model when pitching. But read it correctly: it proves relationship-driven supply deals work, not that competing marketplaces will self-serve onto Soldi — reinforcing that the early supply moat is Abdullah's network, not platform gravity.

Kalshi (advertising / astroturf playbook)

Not a competitor but the explicit go-to-market template. Cam describes Kalshi's ubiquitous Snapchat ads ('make money knowing if it'll snow today,' two relatable kids) and proposes pulling their Meta Ad Library creative and remaking it 'word for word, bar for bar,' reframed as making money in real estate — plus astroturfing (covertly seeding 'I made $5K' testimonials where people don't know it's Soldi advertising).
Relevance Defines Soldi's acquisition strategy: aspirational, gamified 'easy money' framing on Snapchat/Instagram/Meta with covert influencer tactics. INFERRED: modeling a real-estate-LEAD product on a gambling/prediction-market app is a tell that Soldi is being positioned as quick-money speculation to novices (Abdullah's students), NOT as a professional tool for power users like Bill/Abdul. That's an unreconciled strategic fork: gamified ads pull in unsophisticated, churn-prone users while the real paying value (good leads, fast) serves serious investors who reject 'bells and whistles.' Astroturfing also carries FTC-disclosure / platform-ToS risk mirroring the regulatory blind spots elsewhere.
Takeaway COPY Kalshi's Snapchat/Meta creative via the Ad Library and the relatable-young-creator format for cheap top-of-funnel. BUT segment acquisition: gamified 'easy money' ads acquire the low-quality, high-churn student tier, so use ROI/credibility messaging for high-LTV power buyers. Treat ad-cloning and astroturfing as legal/platform risks, not free wins.

Chicago House 360 (current spend + price-opacity benchmark)

The platform Abdul currently pays $250/lead for Meta-sourced leads in Chicago. Contrasted against newer platforms at ~$90/lead and nationwide campaigns at $50-70/lead; the team estimates running its own ads could reach $20-30/lead nationwide.
Relevance A current vendor cost Soldi would displace, and the anchor for the geo-targeting decision (Chicago-only vs 10-15 metros vs nationwide). INFERRED: Soldi's earliest realistic users are Abdullah and his students, so the first 'win' is internalizing margin Abdul currently pays away — a captive-customer business dressed as a marketplace, with initial TAM suspiciously close to Abdul's own ad budget. BUT the wide price dispersion ($90 vs $250 vs $50-70 for comparable leads) signals an opaque, inefficiently-priced market — genuinely the strongest argument FOR a transparent bidding marketplace, the one pro-Soldi signal the data actually supports.
Takeaway Price opacity across vendors is the strongest real inefficiency Soldi can attack — LEAD with transparency/price discovery in positioning, and use in-house ad sourcing ($20-30/lead) as the margin play under all incumbent rates. Beware that initial revenue may just recycle Abdul's own vendor spend rather than create net-new market.

Nitrogen (risk-scoring model to emulate)

Named by Cam as 'a fintech company that does risk and risk assessments' to emulate for Soldi's proprietary lead 'quality score index' / 'internal risk score,' alongside the choice between a 0-100 number and an A/B/C/D/F letter grade.
Relevance Reference for presenting Soldi's lead quality score as a core proprietary differentiator vs raw lists from PropStream/365 Leads. INFERRED: the team openly calls the score 'a magic number that we're making up' ('call it AI score or whatever the fuck you want'). Borrowing Nitrogen's credibility dresses an unvalidated heuristic as a quantitative product — fine as marketing, dangerous as the central differentiator, because power users like Bill and Abdul will detect if it doesn't predict conversion and route around it. They already named the REAL criteria: condition, motivation, timeline, price. The genuine asset isn't a Nitrogen-style score; it's that Abdullah's call center already knows the true ranking factors — encode THOSE.
Takeaway COPY Nitrogen's risk-assessment presentation (and prefer an intuitive A-F grade over a raw 0-100). But the score differentiates ONLY if grounded in the call center's proven criteria (condition > motivation > timeline > price) and validated against real close rates — not a 'magic number' in a fintech costume, or it becomes a liability with power users. Open design question: front-and-center vs supporting signal vs hidden.

Courtney (Facebook ads operator / course)

An operator Abdul signed up with: runs Facebook ads, claims ~$30M lifetime ad spend, sells a ~$1,500 FB ad course. Lead-sales model: $250/lead, or a $5K deposit package giving bonus leads (got 10 extra, ~$162 effective/lead), exclusive leads, ~72hr ramp. Team's reaction: 'he probably built it using Claude — we can get the same answer through Soldi.'
Relevance Both a competing lead-seller and the source of the prepaid-deposit/exclusive-package pricing the team wants to replicate as Soldi credits. INFERRED: the dismissive 'just built it with Claude, we can clone it' reveals recurring overconfidence — treating a competitor's offering as trivially cloneable software when the real moat is the operator's audience, track record, and $30M of spend data behind lead quality. His deposit model rightly foreshadows Soldi's credits system (prepaid balance + volume discounts) — but his exclusivity guarantee directly CONTRADICTS Soldi's plan to resell non-exclusive leads 3-5x.
Takeaway ADOPT the prepaid-deposit/credit-package mechanic (drives upfront cash + lock-in; aligns with the planned credits system). Don't pay for the course — but don't undervalue that his leads' value comes from spend data and audience trust, not just software. PICK A LANE on exclusivity: non-exclusive resale and exclusive-lead guarantees are in direct tension.

Google PPC ad-credit promotion

A current promotion cited as a cost lever: spend ~$1,000 (stated as $10,000 in one version) on a new, eligible Google account and Google gives ~$20,000 in ad credit.
Relevance Not a competitor but a customer-acquisition subsidy that could fund Soldi's launch ad spend for both user- and lead-sourcing at a fraction of cost.
Takeaway EXPLOIT the new-account spend-matched ~$20K ad credit to lower effective CAC during launch ad testing. Minor tactical lever, not strategic — verify current eligibility terms before relying on it.

Open Questions

12 items · multi-agent transcript analysis

Is Soldi a true two-sided marketplace where outside firms (other PPL companies, call centers, marketers) list their leads, or just a lead-buying/reselling shop? And will third-party suppliers ever actually agree to list?

Context Central, repeated debate, explicitly tabled for another day. Cam/Zak insist the endgame is a marketplace where outside companies list their leads (the eBay/Amazon-of-leads flywheel: "after we build the user base... people will see that as a place to enter the market"). Abdul flatly rejects the premise and the supply assumption it rests on: "I don't believe in this project if that's the case... I don't believe the other platforms will give us their leads," "Property Leads are a marketplace themselves. Why would they give them to us?", "I think we should just focus on the buying part." Zak admits he has "answered this question six times on this call" — i.e. it is deferred, not resolved — and says if the marketplace vision isn't viable "we're happy to pull the plug." Cut short: "it needs to be another day because I have to go." (lines 301, 309-321, 335, 453-467, 491, 692, 764-784)
Stakes The identity question everything hangs on. If suppliers never come (Abdul's bet), the marketplace collapses into thin-margin arbitrage — buying leads at ~$91 and reselling at ~$100 — and the 5-10% fee model has no flywheel to stand on. One principal openly doesn't believe in the core thesis and floats pulling the plug. Unresolved, the team risks building, marketing, and launching the wrong company over the next four weeks.

What is Soldi's take rate (5% vs 10%), and does it survive contact with reality when incumbents take 40-60% to cover refunds and back-end work?

Context Cam: "It's probably five percent, maybe it's ten percent, I haven't figured out the exact number." The plan is to undercut iSpeedToLead's 60/40 split to win supply. Abdul punctures it on first principles: incumbents "do 60 because there's a lot of refunds and a lot of back-end work. So how are we going to make money off 10%?" The only answer offered is "At scale. You do it 100,000 times a day" — immediately disputed by Abdul ("I don't think that's that many we're going to sell") and deflected by Cam ("that's why you don't have to worry about that"). The number is unset and the unit economics under it are unmodeled. (lines 307, 335, 469-481, 782-786)
Stakes The fee structure is the entire revenue mechanism and it is both undefined and challenged at the root. Refunds, chargebacks, and dispute-handling on bad leads are real costs incumbents price into a 60% take; a 10% take without scale may be structurally unprofitable, losing money on every transaction — the opposite of the flywheel. Determines whether the undercut-to-scoop-the-market strategy is viable at all.

How does Soldi seed enough supply at launch when three of the four supply channels are weak, low-quality, or hypothetical?

Context Cam names four supply sources: (1) own ads — explicitly ~5% at launch and not yet running ("you hired us to run ads. We never got the ads"); (2) cold-call leads — admittedly "worse leads" that must be disclosed and discounted; (3) buying from Abdul's existing providers at a discount and reselling (the only channel everyone agrees works today); (4) outside companies listing directly — the disputed marketplace bet. So launch supply effectively rests entirely on channel 3: Abdul's relationships. The relative mix and sequencing were left loose ("at different times"). (lines 295-305, 509, 670-676, 804)
Stakes A marketplace dies without supply. If launch depends on a single channel (Abdul reselling his providers' leads), Soldi carries key-person and single-source risk, and the "marketplace" is really one reseller's inventory. Determines whether there's anything to buy on the auction floor on day one, and where launch effort and budget should go.

Can Soldi legally let users list under-contract properties for resale, and what wholesaling/licensing/consent regulation applies to the broader product?

Context Abdullah's expansion idea — once a lead is under contract, let the buyer list the property on Soldi — drew the only explicit regulatory flag in the meeting. Cam: "there might be some regulatory stuff that we would want to avoid, but I love the idea and I'll do some research." The decision was to build "under the assumption" and proceed while Cam researches. Unspoken but inferred: the core product is wholesaling-adjacent (distressed-seller leads, contract assignment) — exactly the activity many states are now licensing or restricting — and nobody raised real-estate-license exposure, cold-call lead disclosure as a TCPA/consent issue, or marketplace liability for lead quality. (lines 241, 255, 297, 646)
Stakes Building "under the assumption" on an unresearched legal question is how you ship a feature you have to rip out — or draw regulatory action. Wholesaling and unlicensed-brokerage rules vary by state and are tightening; running nationwide multiplies the exposure. Blocks the "control the whole ecosystem from lead to property sale" roadmap and could affect features already being coded.

Who is the target user — power-user investors who want speed, or Abdullah's beginner students who want a community — and can one product (and its gamification) serve both?

Context A real fault line. Abdul, the power user, rejects gamified bidding/chat: "we don't have time for that as investors... we just want to get the lead and keep moving." Cam acknowledges the split: "there's the people like you that are power users... and then the people Abdullah is going to bring in that are maybe new to real estate and want a community." Recurs over the leaderboard/chat question ("make it the call sheet for real estate" vs "dial it back"). No resolution beyond "we'll have both options." (lines 423-441, 748-756)
Stakes Trying to be both a Bloomberg terminal for investors and a gamified social platform for novices risks a product that serves neither. Core UX decisions (gamification prominence, bidding vs buy-now defaults, exclusivity defaults) are deferred to "we'll do both," adding scope and diluting the value prop for the paying power users who actually have money to spend.

What is the core sale mechanism — open/auto bidding, buy-now buyout, exclusive vs non-exclusive — including auction duration, minimum bid increment, and how many times a non-exclusive lead can be resold?

Context The auction model is openly undecided. On the table with no decision: buy-now/buyout ("buy the lead right now for 400 bucks... starts at 100... automatic bidder like eBay"), one-hour exclusive, fully exclusive (e.g. 30% discount for 24h exclusive), and non-exclusive sold "three to five times" (vs competitors' 10-20x). Auction duration leans "probably 24 hours" but is contingent on resolving exclusivity. Minimum increment is an open question nobody answers ("Five dollars? Five percent? Three percent? Ten percent?"), and Abdul questions whether incremental bidding fits power-users at all. A resale cap is raised ("limit how many times you can sell it") but not set. Exclusivity itself flagged open: "we're going to figure out that exclusivity thing." (lines 419-443, 746-756)
Stakes Not cosmetic — these determine revenue per lead (a non-exclusive lead resold 10x earns far more than one exclusive sale) and the integrity of the "marketplace sets fair price" claim. Shipping the MVP requires picking a mechanism; leaving it open means the auction floor — the literal home page — has undefined core behavior.

How should the proprietary quality/risk score be defined, displayed, and scaled (front-and-center vs supporting vs hidden; 0-100 vs A-F)?

Context The score is admitted to be "a magic number that we're making up." Zak asks whether it should be "the main focus point... a supporting signal... or hidden." Abdul prefers letter grades: "you're great with A, B, C, D, F... we can look at Nitrogen." Whether to use the 0-100 number or A-F, and how prominent, left as preference-gathering, not decided. (lines 411-413, 738-740)
Stakes Affects how buyers evaluate leads and trust the platform. A fabricated score that buyers stop trusting kills repeat purchase. Both the definition (what feeds it) and the display format/prominence are unresolved.

Where should Soldi source richer comparables / ARV data — including what flippers and landlords actually paid?

Context Cam on the current comparables page: "I think this probably needs a little work... I'm not exactly sure if this is doing it." Abdul describes a platform that, given an address, shows comps plus which flippers bought and at what price, and what landlords pay — "like an ARV value, automatically." Cam: "I can absolutely look into sourcing that data... this would make it much more valuable," left as something to investigate. (lines 343-347, 704)
Stakes Richer comps/ARV data could make the product meaningfully more valuable to serious buyers, but the source for flipper/landlord purchase data is unidentified and the comps feature is acknowledged as incomplete and undecided.

Geographic targeting for ad campaigns: go nationwide, target 10-15 metros, or stay Chicago-only to learn cost-per-lead first?

Context Abdul: "Do we want to go nationwide... or should we target like 10 or 15 metropolitan areas... Or should we stick in Chicago so we can see? Right now we don't know our cost per lead." Nationwide quoted at ~$50-70/lead; his current Chicago platforms run $90-250. A small Chicago-only test ($10-20/day) was floated but the strategic targeting question was not resolved. (lines 283, 379, 662, 720)
Stakes Drives ad-spend efficiency and the ability to measure CPL before scaling. Wrong geo scope wastes the marketing budget in the next four weeks; explicitly unresolved because they don't yet know their cost per lead.

Should power-user onboarding use upfront deposit packages ($2K-$5K for guaranteed exclusive leads) or a credit-discount system?

Context Abdul pushes deposits: "if somebody wants to give us 5K upfront... it's only gonna be exclusive to you... five to ten people giving you five thousand dollars a month... that's fifty thousand dollars in revenue." Cam counters it "probably not going to work exactly the way you describe" and proposes credit discounts instead ("spend a dollar, it only costs you 95 cents"). Two competing mechanisms, not reconciled. (lines 285-293, 443, 760)
Stakes Affects the revenue model and how high-value power-users are onboarded and locked in. Cam and Abdul advanced different mechanisms and neither was settled.

Should Soldi run its own branded acquisition ads now, or ride Abdullah's existing audience first?

Context Abdul asks whether to run ads for Soldi itself and acquire wholesalers/flippers. Zak: "we could run ads for Soldi if you wanted to, but I think at first we have enough firepower that we can just go through Abdullah for now," and later "it makes sense to run ads on Soldi, but... right now while we ramp up... nice and slow." Deferred to "an option later on." (lines 323-325, 521-527, 690, 810-814)
Stakes Affects user-acquisition strategy and brand-building timeline. Leaning toward using Abdullah's follower base first, with Soldi-branded acquisition left as a deferred open item.

Should automated email/text sequences (lightweight CRM automation) be built — now, later, or not at all?

Context Leaning resolved toward NO for MVP: "It's certainly a premium feature... We're gonna have to pay for the backend for the emails... I think we should scrap it." Cam reframes: "we're not saying no to sequences forever, we're just saying not now" — kept as a possible later-phase roadmap item. (lines 365-373, 712-716)
Stakes Mostly decided (scrap for MVP) but explicitly preserved as a long-term scope question, so the decision for later phases remains open.