Our Artificial Intelligence Software | The HouseHack Wedge Finder AI.
FULL TRANSCRIPT
hey everyone me Kevin here many of you
have been so interested in my new
startup house hack and the biggest
question we've been getting is Kevin
what's this AI you're talking about
everybody loves to throw around the
phrase artificial intelligence to try to
pump up valuations in fact Kevin don't
you do that all the time when you're
like oh reading those investor
presentations and you're like oh yeah oh
everybody's got it yeah I am and so I
want to show you what we have which is
actually our artificial intelligence I
can't show you everything but I'm gonna
do my best to show you as much as I can
without giving away the secrets to us
but we're gonna get into this right
after I give you a few updates on
fundraising and how this artificial
intelligence is actually going to help
us get more deals for househack keep in
mind this video is not a solicitation
for you to invest in househack if you
you are an accredited investor and you
want to invest in house hack go to
househack.com grab a letter from
investready.com upload it to
househack.com and you can invest if
you're a non-accredited investor stay
tuned I have heard all of your comments
in the comment section and in emails and
texts and in Discord join Discord by the
way metkevin.com chat if you haven't yet
and I am going to do my best to file in
an expedited manner for a reg a filing
that would allow us to raise funds as
little as five thousand dollars from
Individual investors who are not
accredited however that might take five
to nine months to go through I'm gonna
do my best to try to expedite that
starting today well actually starting
yesterday because I started yesterday
which is really really great now the
good news is we have only fundraised for
a full three business days and we are at
over
12.8 million dollars in committed funds
signed agreements this is amazing the
threshold for us to operate this company
and and actually complete this race is
25. so at this rate this is going to
happen we're gonna hit 25 potentially by
the end of the month which is when
people get the most warrants which is
really really cool and really exciting
so really appreciate the support from
everybody investing we have Investments
anywhere from twenty five thousand
dollars to five hundred thousand dollars
and we've got a lot of folks who just
heard about this on Sunday when I made
my first public video so they're working
on getting their investor relations
letters or I should say they're
accredited investor letters uh and I've
got people reaching out from family
offices hedge funds VCS it's it's really
overwhelming and it's it's really really
cool and exciting and so I want to share
that Journey with you uh it's also kind
of stressful because there's a lot uh
going on but it's but it's enjoyable so
uh that's a fundraising goal now why
would we have ai like this isn't this
not like is this not like a real estate
company or you just trying to snazz it
up by saying AI well the good news is
I'm not trying to snazz anything up
because the shares we're selling right
now are founder shares there's no
dilution like this is unheard of in the
startup Arena at least from I I
certainly haven't heard of it I haven't
heard of anybody publicly selling
founder shares or basically I have the
same value of share as you do so you put
a dollar in my dollar is worth the same
it's not like I put a dollar in and then
I sell you my shares for two dollars
none of that is happening it's really
cool there will be stock based
compensation in the future but that's
only going to be after IPO and we're
probably going to condition that on a
minimum return to investors first like a
50 return or a 2X or a 3X I don't know
something like that before I get paid a
dime not taking a salary no bonuses
we're going very Elon Musk style so it's
really really cool besides every company
has stock based comp anyway the big
thing is no dilution up front and that's
pretty cool with the founder shares so
why Ai and is this just the joke am I
just saying AI no it's actually real so
back in 2019 I worked with one
individual to create a vision based
artificial intelligence software Vision
Learning is not actually that
complicated you could probably write
yourself an A Vision Learning script you
know in a week uh you know I'm sure
there are probably some open source
models that you can use but the big and
most important piece about having a
vision learned AI is actually training
the model so I've been training this
model on my own interpretation of what a
wedge deal should look like see remember
a wedge deal is when I buy real estate
below market value I try to buy homes
for four hundred thousand dollars that
are in 550 000 neighborhoods they need
fifty thousand dollars of work now I'm
into the deal for 450 roughly that extra
hundred thousand dollars of boost that I
just got that's the wedge that's like a
three hundred thousand dollars and I
just want to go around the country
picking up my hundred thousand dollar
checks I think that's really really cool
and I can share that with investors
there's no fees uh you know like it's
not like fundrise where they we're
charging investors a ton of little fees
you know we're not a re we're not a
Syndicate we're a company we're an
actual company uh trying to scale wedge
deals well in order to scale wedge deals
I need to be able to look at all the
deals that hit the market and identify
okay well if I'm looking at 20 different
markets and we're really only going to
be buying real estate at first in three
different markets I will travel to those
areas I'll use the expertise I already
have in addition to local relationships
with agents and lenders and traveling to
the destinations we'll make YouTube
videos on these kind of like the good
old days and you'll see me go through
the process of exploring different areas
we haven't chosen exactly which markets
we want to choose yet but I'm going to
be on the ground traveling a lot for
these this is going to be a more than
full-time job for me and while I always
recommend that in my courses like on uh
the zero to millionaire real estate
course link down below with a coupon
code available that expires soon by the
way uh the uh the big thing that I
always say is don't invest in real
estate if it's outside of your 30 minute
radius your 30 mile radius essentially
and this is true for the part-time
investor somebody who's doing real
estate as a side Hustle but I'm going to
be doing this as my full-time job which
does enable me to get into two three
four five different markets at first get
those outposts established while the
market is crashing and then once we
believe the market has sort of leveled
out towards the bottom we're just gonna
go buy scoop up as many wedge deals as
we can however in order to do that at
scale I have to be able to identify
deals quickly I'm not going to use
software to do some stupid filtering
like anybody can do on Zillow like just
show me fixers or or you know show me
houses between this square footage and
this age I don't care care about your
filters I don't care about any of that
what I don't want is to waste my time
looking at deals that don't look like
wedge deals and there are specific
properties that look like wedge Deals
they have a certain aura about them not
always and we're still going to be
getting deals sent to us from Agents
we're still gonna be looking at the MLS
we're going to look at foreclosures and
off Market deals this is just something
that I consider the safety net like if
this app is telling me Kevin wedge the
alert wedge deal alert I better have
already seen it and if I haven't seen it
it's like the safety net for me right or
if I go into a new market or even an
existing market and I just want to go
through and and double check my wedge
deals in the area it'll just tell me
here all the wedge deals in this area
and and I can double check and see uh oh
do I actually think this is a wedge deal
and so the way this works is the app
uses the pictures of properties that are
listed online and then assigns a rating
between 0 to 100 as to the likelihood of
it being a wedge if it finds something
that's a wedge first I have to make sure
it's it's not a false positive but then
what I'll do is I'll actually go to the
listing and I'll manually run the comps
and I'll manually underwrite the deal so
it's not like some app is just going
around buying houses that's we're not
there yet I don't know if we'll ever be
there but I'm going to give you a few
examples of how this works okay so uh
first uh I want to start with what's not
going to look like a wedge deal so let's
go ahead and start with some newer uh
listings so here's just an example of a
one photo and we can see here instantly
instantly I can tell you the odds of
this selling below market value
extremely low the new paint the flooring
the wood staircase the the modern door
uh the the cool lighting I mean
everything about this says that is not a
wedge deal all right that is the odds of
that selling below market value
extremely low now if it were super under
listed we might still see that through
other filters that we have or through
agents or whatever but the a AI is
telling us don't even bother with this
one that's not a wedge deal now here uh
we'll go to the maybes in a little bit
here is an example where a lot of you
know that I love wood colored cabinets
like the old 1950s stuff and the 70s
stuff because that could signal a wedge
deal right but we have to be careful
because this has wood cabinets but it's
not going to be a wedge deal this is not
going to sell below market value I don't
even have to waste my time looking at it
so I could go through and teach this
algorithm everything that's not a wedge
deal like pretty much guaranteed not
going to be a wedge deal this has
nothing to do with price it only has to
do with the picture uh let me give you a
couple more examples here so uh
sometimes you get these sorts of
properties where where they're kind of
like oh at first like that looks weird
like is that acoustic ceiling is that
mold what is it this is just a very
masculine style and so I have to teach
the app to identify different styles
feminine Styles masculine styles of
construction in terms of what's not a
wedge deal right and so that's what I do
I teach it and it takes tens of
thousands of photos that I have to label
manually with my eyes nobody else can do
that but in the future other people can
use this app and we might license this
app out as sort of a software as
Services Revenue because think about if
I can sell to every single agent
property manager investor for like a
small fee hey use Kevin eyes like get
Kevin's eyes and Kevin's trained wedge
deal finder for a small monthly fee
that should make some dollars you know
what I mean and it doesn't cost us extra
that's what's great about software as a
service right so I'm really really
excited about that here's just another
example of something that's obviously
not going to be a wedge deal so let's go
in the extreme and uh let's go to the
angle of what what looks like it could
potentially be a wedge deal okay well
the first one that I want to show which
I think is actually kind of like a
comedy one uh is uh oh where is it so I
saved all the photos but that one it was
hilarious when I saw it because I
thought it was like I I kind of joked
with the team I'm like this is a his and
hers wedge deal this is crazy uh here we
go
so take a look at this uh this had a 96
likelihood of being a wedge deal and uh
let me make sure no uh proprietary info
is given so I'm just going to zoom in a
little bit there okay there we go uh
take a look at that
uh his and hers kind of funky lazy boys
the old ceiling fan the drapes oh the
drapes the gold fireplace the carpet
that's kind of wrinkly right and so this
had a 96 chance of being a wedge deal uh
and and I I agree now that is something
where then that would prompt me to go
look and say okay like do I actually
think it's comped right because it could
be listed for a million dollars and it's
worth five hundred thousand dollars then
it's not a wedge deal right but it just
triggers me to go look that lets me
scale Kevin for the entire company right
really really really exciting take a
look at this folks uh this is uh a 98
likely wedge deal uh the flooring looks
decent but when you look closely the
carpet is nasty you've got the old brown
wood over here the old fixtures look at
all the sort of like Grime on the walls
down there the fireplace looks nice so
you've got a little bit of a balance
there but you can see some paintings
were there like this is
this this has a chance of selling below
market value now how much below market
value is it is it 50 000 after repairs
under market value is that a hundred
thousand dollars under like what is it
right uh here's another one this one
only had a 78 chance likelihood of being
a wedge heel because it shows a lot of
personal property at least I'm assuming
that's what the algorithm is picking up
uh not so much of the property but I see
those drapes I see that old uh I see
that old uh a paint color there I don't
know to me uh it's got some potential
okay and besides who who lists a
property like that right so like this
isn't that complicated somebody could
copy this uh but the difference is it
wouldn't be trained like Kevin uh and
that that's a very very important
difference is having something that's
trained like Kevin now here's a
complicated one okay this just shows you
some of the edge case scenarios so
here's an edge case so this particular
photo looks like it's a remodeled
kitchen right but if you look closely
what's at the top right and top left of
the photo can lights that are hanging
down from the ceiling uh and you can
actually see Plywood And unfinished
feeling that's probably a wedge deal
even though it looks remodeled because
there's construction going on and
they're selling it under construction
it's probably going to sell well below
market value
like that's cool I like that those are
some opportunities right here's another
one that's under construction just to
sort of give you an idea of uh and this
was another deal that was brought to me
by the wedge finder you know if I'm
looking in uh Texas or Florida or
whatever I don't have time to go through
every single listing but I do have time
to teach this algorithm which take a
look at this uh and so that way I'm only
spending my time on listings that
actually matter which I do have time for
so this photo is like dark it's a bad
photo but it's a remodeled property
right so you have to teach the algorithm
to identify that's not a wedge deal for
example or it's unlikely this is all
about likelihoods right unlikely to be a
wedge deal uh same thing with this it's
like bad angle bad photography bad
lighting but that that is not gonna sell
as a wedge deal it's not the most modern
remodel but I it's on the switch deal so
if you want to learn more about this
company and you're considering investing
remember this is not a solicitation go
to househack.com to read the PPM that is
your solicitation the PPM make sure you
read that document entirely if you want
to invest get a letter from your
attorney CPA upload your W-2s or tax
returns to verify you're an accredited
investor you can get a letter from
investready.com go to househack.com if
you invest prior to the end of the month
you get more warrants which are
technically non-dilutive because we're
raising one dollar of Cash for every
dollar of Warrant that we sell uh or or
Grant and then eventually redeem that'll
make sense just go to the website at
househack.com
uh uh and then um yeah I'd love to have
you on board as an investor this is a
complete one take here no edits on this
one which is great uh that'll be easy
for me to upload then this keeps me
efficient for other businesses as well
remember business is all about
efficiency I did want to provide some
transparency this is a vision-based
artificial intelligence software it's
not a matter of building it and I'm not
trying to discredit the work that our
wonderful engineer has done and the
connection that we have it's an outside
contractor so they're not on payroll
when they're not working I don't have to
pay them it's the best way to be
efficient and lean because I don't want
to pay hundreds of thousands of dollars
for software Engineers when we actually
don't need new software at the moment
what we need is me continuing to train
this every single day and that's my
effort not what we're paying somebody
else to do right you know some people
are like oh but Kevin like uh you know
why can't like Zillow or Redfin or
whatever do that sure go ahead find
somebody who even understands what a
wedge deal is within the company and
then task them to do this and then
actually execute on it yeah right it's
not even worth the time for these
companies that's not a priority for them
they've grown so big they don't even
care about wedge deals anymore so I'm
not worried about the competition
scaling this app will be really
incredible and then selling it in the
future as a subscription on like the
Apple App Store or whatever huge
potentials for househack I mean that's
just gonna be free cash flow that we're
gonna dump right back into uh
Investments you know minus some
miscellaneous expenses and that for for
apis and that but uh boy I I have to say
I'm very very excited I think I've
roughly addressed every uh every thought
that had come up regarding questions
about this I'm sure there are going to
be other people that have questions
leave a comment down below uh let's see
here
um
okay uh oh yeah and remember this is not
a real estate deal analyzer this is a uh
wedge deal identifier which then a human
aka me does the analysis on right this
is not doing a cash flow analysis it's
it's none of that right uh it's a it's a
constantly learning Artificial
Intelligence being essentially that I
have to teach every single day all right
I think I've answered everything thank
you so much for your support I'm so glad
to be back and folks we'll see in the
next one goodbye
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