my attorney told me to make this video

that's the goal $1 billion a$1 billion

IPO valuation on the New York Stock

Exchange or daack whoa whoa whoa whoa

whoa hold up there

listen can't make any guarantees no

promises 1 billion could be zero so be

clear when I come in I'm going to give

you the bad news this is a startup as

with any startup you got to put your big

boy and your big girl pants off to

realize there's risk involved a billion

dollars that's a nice goal it's a dream

okay you can plan for it you could try

but it's not guaranteed now we're not

there today that's because today I'm

excited to announce we are finally able

to accept investments into my startup

house hack from all investors and while

there are some exclusions which we'll

talk about later let me tell you about

house Haack and the three promises that

I can make first nobody will work work

harder than me and making sure that this

company is a great success that's your

opinion we can't prove that as a fact

it's your opinion somebody else might

work harder than you second I'm risking

the financial stability of my entire

family with house hack so I have to make

sure this is a success not just for them

and my children my wife and the rest of

my family but my investors my employees

okay look just because you're really

committed doesn't mean somebody else

should be all in okay everybody should

evaluate the risks for themselves number

three as promised we are maintaining the

$1 equals $1 valuation for the

supporters who watch me on YouTube and

our course members we're super excited

to bring you a very unique offering one1

to1 valuation means every $1 that's

invested is the valuation of the company

$1 equals $1 of cash that means if we

raise $50 million we are worth $50

million there's no dilution for the idea

the brand the people the work ethic or

anything that we've built so far you're

investing at cash value which we think

is an incredibly unique opportunity and

we're doing it to give back to our

community that's great but be clear

every time a company has an offering

there are offering costs associated with

that attorneys want their slice so just

because you raised $50 million and then

all of a sudden you had $50 million of

cash there's going to be a little sliver

of that that's going to go to the

attorneys you could calculate that all

out you should read the offering

circular you should understand doesn't

mean the company will be left with $50

million if it raises $50 million

probably be pretty close though but

again read the offering circular to get

the details we think it will set house

hack up for tremendous long-term success

keep in mind though there is a $75

million limit to what we can raise in

this route that means once we hit $75

million the round will immediately close

this is not up to us we can't change it

it is a legal requirement set by the SEC

via regulation a crowdfunding laws a Max

of $75 million in a one-year time span

once we hit that number the round

automatically closes yeah that is true

that is the statutory limit that is true

you can read about that on sec.gov and

of course read the offering circular at

househ hack.com let let show you

everything we can about house hack

behind me is a dumpster of one of our

first purchases we took a complete

hoarding house that needed to close

within 2 days otherwise it would go to

foreclosure we helped the seller out and

now we're going to stabilize the

property and bring it to the rental

market this property has a model match

sales comp for 620,000 we bought this

for

$475,000 and expect to have over

$100,000 of wedge gains in the property

the wedge being the difference between

how much we're into the deal for with

fixup and how much it's worth look you

end up with a $100,000 wedge the market

goes up 3% on 600 now you got $118,000

wedge but my job is to be the bearer of

balance here what if it goes down 3% now

your wedge is less than what you thought

maybe somewhere closer to 82,000 I mean

that still seems pretty good but let's

be clear Market fluctuations matter so

as an investor the investor has to know

that they are investing in a company

that also has to evaluate timing because

timing could mean prices are going down

and you need a bigger wedge to insulate

yourself maybe you target $125 or

$150,000

wedges or when timing is going up maybe

you're a little more aggressive and you

target $90,000 wedges uh because you

believe there'll be some appreciation

but again it's on the investor to

believe even the management and the

executives of the company now how do we

turn that into cash flow once we

renovate the properties and then rent

them out to qualify tenants and we'll do

in-house Property Management to lower

our costs we're going to introduce mini

funds Min funds are how we expect to

roll these properties to institutional

investors Pension funds or via exchange

freeing up cash flow in other words

freeing up the cash wedge without

flipping the property will retain

management and control of the properties

but via many funds we'll be able to

generate massive cash flow and with any

investment there's risk Kevin here has

done wedge deals over and over again

he's done construction over and over

again he's done Property Management over

and over again but mini funds that's

where you're getting into the startup

aspect of this company all the other

stuff building the foundations that's

been done over and over again that's

maybe not that difficult I suppose it

depends on the market but whatever many

funds is something new nobody's done

that before at least that we're aware of

so be aware that that's a plan and

that's a goal but it's not a guarantee

and cash flow doesn't mean distributions

to you as an investor either it means

operating cash flow and a company can do

whatever it wants with operating cash

flow it can reinvest that cash flow to

hopefully grow the value of the company

it could distribute that as dividends it

could do share BuyBacks the company

could really do anything it wants and

there is no plan with what to do with

that operating cash flow at this time if

it is generated remember the company

might not make any money this is why I

think of house hack as the Vanguard of

real estate we are buying houses that

are distressed unlivable properties and

turning them into Min funds that other

folks can invest into this generates

substantial cash flow for house hack

that house hack cash flow can then be

reinvested hopefully substantial cash

flow but that is not a guarantee

we want to make that very clear startups

come with risks all right let's see what

you got here buy distressed unlivable

properties renovate rent manage roll the

properties to Min funds reinvest the

cash flow okay it's your system got it

so what would the math look like well

consider this if we buy 500 Properties

or a little more than one property per

day per year we might be looking at

500times

$100,000 wedges that works out to about

$50 million

of cash flow that house high could

generate at some point in the future as

we scale the company now obviously some

operating expenses will come out of that

for our in-house property management but

our in-house Property Management might

be able to generate Revenue as well and

the math there is simple $50 million

cash flow 20x multiplier billion dollar

those are our goals exactly it's a goal

might not get the multiplier might not

get the cash flow might not be able to

do all the deals a lot of things in

involved here in the last 3 weeks we

found seven of these wedge deals and

we're just getting started this is

property number two and as we build

strong foundations with our entire house

Haack team we expect to be able to scale

to multiple properties per day in wedge

deals that we turn into mini funds let's

take a look at all of the properties now

we're at property number three and we

just conducted our sewer inspection one

of the reasons we carry a sewer

inspection kit ladders and all the

equipment that we need need for a home

inspection is so that we can offer

sellers quick closes quick closes and

quick inspection time frames get our

offers accepted over other competing

buyers that provides more value for our

investors our employees and our company

almost all the way at the end of the

driveway now remember we always

matterport scan every property that we

do so we not only document the before

condition and the after condition of the

properties but it makes coordinating the

work so much easier in fact a lot of

contractors will give us better prices

because we send them the matterport link

they bid off of that and it saves them

trips out and measuring now the thing

about investing in real estate is you

have to know your market so some

properties are going to have a pool some

properties are not going to have a pool

depends on the value you get and in this

case a lot so practically how do we

actually operate house Haack well

remember I started with nothing as an

immigrant from Germany my father built a

business I watch him buil a business and

watched as our family fell apart parents

divorced and we lost everything that we

built in the com recession then having

to start at nothing and when I was

graduating high school I became a

licensed real estate agent since then

I've conducted hundreds of Renovations

and finally we are taking these hundreds

of Renovations of experience to scale

and we're doing it through house hack

invest in hous hack today at hous

hack.com you're here tomorrow to ring

the bell oh congratulations man you have

done so much 1.8 million YouTube View

viewers people love you people look up

to you 13 years ago I stood over there

looking at this very door wondering what

it would be like on the inside now I

have my name on the New York Stock

Exchange badge and I can go

inside I took my enthusiasm for the

market and money and started learning

everything I could about real estate I

would be the most transparent Governor

that would exist and you'd have my

commentary every single day I became a

licensed Financial advisor why not

advertise these things that you told us

here I feel like nobody else knows about

this we'll we'll try a little

advertising and see how it goes always

great to have you on Kevin PA their

financial analyst and YouTuber meet

Kevin always great to get your take it

is time to introduce the company

introducing house hack invest at scale

with me

[Music]

Kevin house Haack is able to raise up to

an additional $75 million via this

qualified regulation a crowdfunding

offer to be eligible to invest you must

self-certify that you are not investing

more than 10% of your net worth or 10%

of your single or joint annual income

you could read more about these

conditions by searching regulation a

requirements

se you can invest in a retirement

account by emailing us for instructions

at

ious hack.com

or by reading the FAQ at househ hack.com

no current stock-based compensation

plans exist Kevin paffrath is not

currently paid a salary and his car

tools and plane are provided by him at

no cost and are expected to continue to

be provided for as long as possible all

investment involves risk and as with any

investment you may lose some or all of

the principle you invest make sure to

read the complete perspectus and summary

of risks at househ hack.com

or go directly to the sec.gov and search

house Haack there can be no guarantee

that house Haack ever reaches a $1

billion valuation orever IPOs

additionally no liquidity promises can

be made Kevin pff's goals are not

guarantees and risks such as keyman risk

Market risk interest rate risk tenant

risk employee risk and many other risks

exist there may also be conflicts of

interest Kevin paff rat's YouTube

Business Financial educ ation Business

Financial advisory Services ETF real

estate brokerage or other future

businesses May indirectly or directly

benefit from house hack all right so now

you're at the point where you have to

make a decision do you invest or on well

take your time read the offering

circular some people call it a

perspectus it's technically an offering

circular okay read the offering circular

it's important you read it includes

things like risks audit AED financials

and there will be more audited

financials it's something to know this

kind of company when it goes through a

fundrais like this has its finances

audited there is a board of directors

that reviews those finances and the SEC

requires semiannual updates of these

finances so there will be more audited

financials which is good the goal here

though is to balance the hopes the

dreams and the goal of the startup with

reality and that is we have no idea

what's going to happen and that is why

it is important when you invest you

invest what you feel comfortable

investing something that we don't know

if it is going to be stuck in this

company for 3 years 10 years 20 years 50

years or

forever obviously there are hopes goals

and dreams but we have to remember that

you should not invest money that you

would not not be able to survive from if

you no longer had remember these are

questions you should review with your

financial adviser if your financial

advisor suggests you should invest

10,000 20,000 30,00 whatever you want it

is ultimately up to you who makes the

decision even if somebody else

encourages you to invest more or less

you have to be comfortable with the

investment don't be pressured take your

time review the material and ask

questions send questions to IR househ

hack.com just be patient there are a lot

of people sending emails every single

day which is good that is the smart

thing to do ask questions if you have

questions so hopefully this presents a

balanced picture of what the company is

trying to do and what you should do and

you have to ask yourself by investing in

a real estate company because maybe you

don't think you have enough time or

enough money or enough of the credit to

be able to do it yourself is this the

type of diversification you're looking

for it is maybe it's a great addition to

your portfolio but ultimately the

decision is yours go to house hack.com

to learn more