How much my Startup has Raised in 19 Days | HouseHack.

hey everyone me Kevin here so I have a

few updates for you for house hack it's

serious

things at househack are

going way better than expected and it

honestly makes me tear up because I

really believe that we're gonna look

back in 10 years as a community whether

you're accredited or not don't worry I

got updates for if you're not don't

worry

we're gonna look back in 10 years and go

holy smokes look at what we did not with

Wall Street suits but as a community of

people interested in finance

we'll hopefully look back and say we've

transformed residential real estate

Hospitality short-term rentals and maybe

even elements of fintech and banking

so excited to be on the ground floor

with you and I'm so excited to announce

to you how far we've come in just 19

days how much we've raised and what the

average race has been so far

but some quick reminders before I hit

the numbers a lot of folks are asking me

Kevin can you just give me an elevator

pitch because look the reality is Kevin

you're raising money at the bottom of

the market okay we are at the S P 500

lows where we were in June is where

basically we are right now give or take

a few points okay we are literally at

the bottom Market how much money could

you possibly raise and what are you

doing at the bottom of the freaking

stock market

well here's the elevator pitch first

househack is a C corporation that means

your investment has limited liability

right it's a startup that is going to

start out by doing what I do best buying

below market value wedge deals single

family multi-family I've done this for

over a decade and now we're going to

scale it with house hack because the

time is close to being perfect the time

to start the company is perfect now

because we got to prepare for what we

expect will be the bottom in 2023 or

2024 to start deploying in the meantime

we'll prepare our strong foundation not

only by becoming even more expert in the

markets that we've identified but will

likely yield farm with rolling six-month

treasuries at desirable yields of

between 3.7 and 4 which is honestly

remarkable for cash that we're going to

temporarily wait on until we have the

right opportunity to buy real estate and

once we see that opportunity which will

probably be months before official data

comes out from the realtor associations

will already be buying wedge deals and

we're going to build a strong Foundation

of cash flow we're going to rent out

single-family multi-family homes this

isn't rocket science it's a it's a

proven business and it's historically

been quite safe especially if you're

buying properties with cash

but we're only going to do that as we

get started as we build the foundation

because we want to be able to amplify

returns as much as possible so we hope

to multiply our cash flow in the future

when interest rates have come down by

not only refinancing our cash on

properties but also mixing in short-term

rentals and other sources of revenue

we're going to be very very methodical

so in the future this is going to be

down road we even expect to introduce

other forms of Revenue and disruptive

services in quite frankly real estate

software real estate accommodations

including short media short and medium

term rentals Hotel earring and maybe

even fintech and banking stay tuned

we've got some pretty incredible ideas

but everything we're going to do we're

going to sort of layer on when the time

is right because look we're going

through a global crisis we have to start

slowly and safely we have to respect

economic risks and uncertainties in my

opinion there are very few people who

study the macro economy like I do and I

really love studying the macro economy

and I love studying the real estate

cycle and house hack is just the

culmination of these things together and

it's really really exciting but the cool

thing too is we get to use YouTube in

coordination with househack in a win-win

relationship for example this money uh

this money this Monday on October 3rd I

will be in Broward County Florida yeah

that's after the hurricane passes

through if you're an agent in Broward

County Florida which happens to be the

county that I grew up in send me a DM on

Instagram I can't meet everyone but if

you give me an itinerary you got a 954

area code maybe a 754 okay maybe maybe

and you've got some really good ideas in

terms of Hey Kevin you might want to

take a look at how some things have

changed over the last few years I'd love

to start exploring we've got a lot of

areas that we're going to be exploring

over the next six months including uh

Utah Florida Texas other parts of the

coastline whether it's Washington or

California or uh Nevada you name it

we've got a lot of Target destinations

but we're going to stick with a core

three to five at first and we're going

to start by exploring and having this

symbiotic relationship between exploring

with documenting the process on YouTube

but then also looking for deals for

house hack notice how now we can build

that symbiotic relationship see and

guess what most regulation D offerings

which is what we're doing use large like

third-party platforms that charge

substantial fees for raising money some

of these platforms raise money and

charge 5 to 10 percent of bees or they

take an equivalent amount of equity in

the company which is absolutely insane

like the fees

of the number that we raise that I'm

about to tell you are would be nutso

watch this

outside of our small and manageable

payroll which we've only had essentially

19 okay call it maybe even 30 days of

expenses for payroll which is super

nominal super super nominal

we are excited to announce that we have

raised 21 million six hundred thirty one

thousand five hundred dollars with an

average investment of 53

998

absolutely

incredible in 19 days via YouTube we

have raised one million one hundred

thirty eight thousand five hundred

dollars per day and we have done it by

setting up our own efficient systems at

the lowest cost possible rather than

listing on other

crowdfunding websites that are going to

charge us five to ten percent fees think

about that if we got charged a five

percent fee on raising 21.6 million

dollars we would have had to cut a check

for some to some other company for a

million dollars over a million dollars

be like a million eighty one thousand

that's insane

but we don't like wasting money we like

saving money and being efficient with

our money and that's exactly how we're

going to disrupt real estate as well all

the way through we are going to do what

we need to do to make sure we minimize

expenses and maximize profit for example

somebody asked me hey Kevin like how

come you're charging investors the

reimbursement of the wire fee which I

quickly responded to and said why would

we cover that if investors are sending

us fifty thousand dollars

they can pay the 15 wire fee and

somebody asked well but Kevin like it's

15 like that's not a big deal right well

you have to look at it this way if we

had 2 000 investors times fifteen

dollars which is really nominal for all

the other investors getting founder

shares that's thirty thousand dollars

that's almost an entire year of one

property's rental income it's gross

rental income gone poof because of wire

fees why would we do that that doesn't

make sense and so these are just a

couple examples of how we're making

business decision decisions to not only

invite people in an efficient way but to

make sure that as a corporation we're

saving as much money as possible

especially during an economic crisis

this is really important

now the other thing that's really

important for you to remember is that

I'm so confident in this company that

myself and my wife Lauren expect to

receive absolutely zero pay or bonuses

until we IPO only once we IPO hopefully

this decade we expect to receive stock

compensation however our compensation

will likely be predicated on some form

of a minimum return on your investment

like a minimum increase in valuation for

example a double evaluation of the

company and will likely be subject to

really strict lockups as well so that

way we're really some of the last ones

who are able to sell we'll probably have

like a four-year vesting structure and

then a four to five year lockup period

with only just small little roll-offs so

that way we better bring a really

marketable Pro company to the market uh

otherwise we're left holding the bag not

you that's the plan we want people to

know that how Sac is what we're creating

not just for our families but for you

and I'm putting my reputation on the

line for this company because I believe

it's going to be great

we're also selling founder shares at a

one-to-one valuation that means if we

raise a hundred million dollars by the

end of this process the company is worth

a hundred million dollars we're not

diluting any one day one sure there'll

be stock based comp in the future and

there are operating expenses for CPAs

and attorneys but there's no valuation

dilution that you traditionally have in

almost every single company up front

so if the market doesn't like us in the

future you could get out at hopefully a

higher valuation and we're the ones

still stuck but that's okay because we

really believe we're going to be

delivering an excellent product of

course with the verticals we have

planned in our expense expansion plans

we actually think it's going to be an

honor to Diamond Hand House hack and

we've got a lot of potential for growth

so we're not even worried about selling

that's not even consideration right now

we've got a great company to continue

building now if you want to join me and

you're not yet an accredited investor

don't worry I just spoke with my

attorneys again today and we're

scheduling our audits so that way

non-accredited investors can join once

we have a regulation a offer ready now

we can't guarantee that non-accredited

investors will be able to get the same

founder valuation at this time maybe we

can I'm not sure it's going to depend on

timing but they accredited or

non-accredited investor around will

certainly likely have fewer warrants

than what accredited investors are able

to get today that's because every single

month the amount of warrants that you

can receive line for example on

September 30th which is this Friday

there is going to be a decline in the

amount of warrants that you can receive

from a Max of potentially 65 percent

down to 60 and then the next decline on

October 31st is going to be a 10 decline

now warrants while they're kind of like

free bonus call options they're not call

options since they're contracts with

house hack and they're subject to

investing as an accredited investor at

the moment but they operate kind of in a

similar way where you get the right to

invest more at the same valuation as

today in the future which is kind of

cool because it means you know in a year

or two from now when we redeem those

warrants you could be like are you guys

doing well oh yeah I'd actually love to

invest more money or oh no I don't want

to invest more money right so that gives

you that opportunity

now if you want to join me on this

journey and you are an accredited

investor right now you can go to

househack.com and do so as an accredited

investor you would generally want to

send us some form of proof that you're

an accredited investor along with your

ID and how much you'd like to invest you

can invest through your retirement

account or your Roth IRA which is kind

of neat because then you could

potentially invest in a startup and then

grow that money tax-free kind of like

Peter Thiel did which is pretty awesome

now you'll need a letter from your CPA

or attorney stating that you're

accredited a broker would work as well

that is an Institutional broker like a

series seven

you can send us your IRS form 1040 for

the last two years or your W-2s for the

last two years showing us more than 200

000 of income for yourself or 300 000

jointly or you can get the letter from

investready.com that's investready.com

if you're an international investor the

same rules apply for you you can invest

you just must follow the same rules that

I just outlined in some circumstances

though uh what I've just described might

not be ideal and we could potentially

verify you as an accredited investor

ourselves however it would require us

verifying you in on the basis of your

assets which would have to be greater

than one million dollars outside of your

personal residence now these are ores

right so if you can get a ladder or if

you can set us W2s or you could get an

invest ready letter that's most ideal

but if you need to send us properties

that you own along with sales

comparisons we're going to have to get a

credit report for you but we can do that

all just email us at IR househack.com of

course with any investment comes risk

and that's absolutely true of house hack

so this video isn't either a

solicitation nor can we guarantee any

gains to you in fact you could literally

lose all of your money we can't make any

promises and to be fair to anyone we're

not even projecting any kind of internal

rates of return to clickbait people or

cash flow at this point you're investing

in househack because you believe in me

in my vision in wedge deals and the

company and the solid foundation we plan

to build as outlined in the prospectus

at house cat househack.com excuse me I'm

putting my reputation on the line and

quite frankly I'm honored to be able to

do that thanks for watching