why i just sold the jet..
FULL TRANSCRIPT
It's official. I just flipped a $12.9
million jet aircraft for a profit after
flying it for my startup and myself for
3 years and over 800 hours. I could not
be more grateful for this opportunity.
And I have to say I'm absolutely blown
away. Like somebody pinch me. How is it
possible that after 3 years that's us?
My my flight instructor was filming my
takeoff. It's like I I love aviation.
Like the pilot community is so cool. I
love everybody in it. And flying is so
freaking thrilling. But how was it
possible that after 3 years of flying
this aircraft and using it, I was able
to sell it for a profit. And where do we
go now? What's the next plane? What's
the next project? Why did I sell it? Did
I have any intentions of becoming a jet
pilot and then selling the aircraft?
We're going to break all of that down.
But I have to start with something very,
very important, and that is a massive
thank you. None of everything that I do,
whether it's the ringing the bell at the
New York Stock Exchange, becoming a jet
pilot, or providing value on YouTube,
would be possible if it weren't for you,
the viewers. You make it possible for me
as a dad of seven children to come here
almost every single day and do my best
to provide value. And thank you for
watching. Thank you for joining the Meet
Kevin Alpha Reports because I'm not
unique in being the only person who
works hard. I think a lot of people work
hard. But I do think it's pretty
remarkable that over 2 million of you
subscribe to me and that over 4,000 of
you actually wake up before the market
opens to join me in private course
member live streams where we break down
the catalyst for the day, technical
analysis for the day, fundamental
analysis for the short, medium, and long
term. We go through all of this. And
again, I mean, here you can see the
stats. This is just from the last week.
Even while I was in Hawaii, y'all are
showing up with over 3,000 4,000 of you
are showing up in a private live stream
just to get my insights on the markets
and what's going on with fundamentals.
So, thank you. I I really appreciate
that. And none of what you're going to
see in this video would be possible
without you. Thank you for watching and
thank you for joining that Meet Kevin
membership. Remember, for those of you
who join, you get lifetime access to it.
If you haven't joined yet, you could
consider joining using the coupon code
Schumer Siesta. that'll expire on
Wednesday. Uh, and a lot of people say
this could be a tax writeoff. A lot of
people have, by the way, been in this
since 2017. Uh, and they've been getting
this value. They paid once back then and
they've been getting value since then.
It's pretty remarkable. But for now,
seriously, the thank you. I don't want
to go into this video without being
crystal clear that this would have not
happened if it weren't for you. I'm 32
being a solo jet pilot, rated it, rated
pilot. I can't even get the words out
correctly. Crazy. Absolutely wild. And
I'm so grateful for the opportunity.
Now, with that said, let's talk money,
cuz that's what's on everybody's mind.
Well, usually this jet sale is not about
a lack of work or money. There's plenty
of work every single day. We, like I
say, provide, I think, great value, and
you make it all possible. That said,
there's plenty of cash for me to not
only keep paying the aircraft if I
wanted to, or invest it into House Act,
or just sell the aircraft and pay my
taxes. Instead, this is all about the
mission. And so, what I learned will be
in the timestamps below. But spoiler
alert, and I think I'm being very very
public about this, so I don't think it's
insider information if I'm talking about
it on YouTube, but what I'm seeing right
now with House Hacks Artificial
Intelligence, which we call Reinvest AI,
same company we which we really started
going heavy into in about April of 2025.
That's also conveniently when I became
licensed as a jet pilot. Well, what I'm
seeing Reinvest AI, which you can see at
reinvest.co. I won't bore you with all
of it, but what I'm seeing here is so
exciting with what we're doing with our
artificial intelligence that I think our
alpha release that's coming up, our beta
release that's coming up, and what we've
got in terms of project plans for 2026
are so massive that I would rather take
extra money that I have now and plow
every dime into House Hack one way or
another. Now, house hack never paid for
the aircraft. But money that I have
that's extra I could give to house or
invest into house hack, right? See, here
we are with the stock market, gold,
bitcoin, all of them are trading near
all-time highs. And in my opinion, I'm
looking going, okay, do I want to buy
these companies at all-time highs, or
would I rather plow much more money into
a company that's a private stock trading
for a buck 40 a share that's based on a
broker dealer valuation who gave it a
valuation of a buck 40 to $2 in August
of 2024. That's over a year ago. That's
back when the company had a lot more
staff because of that. Wasn't making
money or anywhere near as much money as
we're making now. Had zero AI ambitions
at that point. And now the opposite is
true. We're cranking money. We've
ridiculously lowered our costs. We're
plowing money into research and
development because we're about to
launch this real estate AI SAS, which I
personally will believe will be the best
real estate artificial intelligence that
exists in the entire world. This is not
just like some crazy LLM rapper. It's
literally our own trained data and
machine learning data based on my
experience in real estate. And I think
as a result of that, we could explode
the valuation of this. So I'm looking
I'm like do I burn money on jet fuel or
do I throw money into the stock at a
buck 40 a share the old valuation and I
get a 5% yield on top of that again like
dear SEC and to all those like I'm very
public about this this is not a
solicitation like if you want to invest
you go to reinvest.co or houseock.com
same company I'm really optimistic I'm
the CEO I'm not making any guarantees
like I've made mistakes in the past I'm
just really hopeful here and I could be
wrong but like
to me. Do like every single time I'm at
an airport and they're like, "All right,
here's your fuel bill for $2,000." Like
you go to a gas station, it's like
$2,000. Like, you know how many shares
at a buck 40 I could get my hands on at
House Hack with this? And if those 10x,
that's like a $20,000 a fuel bill. And
if those 100x, that's like a $200,000
fuel bill every single time. And 200
Well, $2,000 of fuel goes really fast.
Anyway, let's let's get into some actual
aircraft details here. But that is that
was one of the realizations that I came
up with. I'm like, bro, everything's so
freaking expensive right now. That's a
dirt cheap opportunity. So, that's just
like in the back of my mind, okay? So,
keep that in the back of my mind. Now, I
never had any intentions of selling the
aircraft. And even though as exciting as
it is to plow money into my real estate
startup and now AI startup, I never had
the intention of actually selling the
aircraft until I started getting
multiple offers. I started getting
multiple offers for hundreds of
thousands of dollars more than what I
paid for the aircraft 3 years ago in
December of 2022. Now, obviously, in the
meantime, there are going to be
operating costs, but that's normal. I
mean, that's the price you pay for
travel. So, I'd see that as somewhat
independent, but I'm blown away that the
actual asset would have gone up in
value. And so, I never thought I'd sell
the plane. In fact, when you buy a
plane, you pretty frequently get tons of
broker text messages all the time.
People send you messages all the time.
It's like mind-blowing. It's just like,
"Hey, Kevin, you want to sell? You want
to sell?" Like, all the time, I would
politely tell folks, "No, please. Like,
go pound sand. Politely, respectfully,
go away. I'm not selling the aircraft.
I'm using the aircraft." Well, then the
big beautiful bill passed. They brought
back the 100% bonus depreciation on the
aircraft, which that expired in 2022,
which is when I bought. Uh, and I got
multiple offers for more than what I
paid for the plane in part. Thank you,
Donald Trump. And it was at that point
that I'm like, wait a sec. You're
telling me I could sell this bird that I
flew for 800 hours for a profit? And now
the extra money that I have, I could
just plow into my real estate startup
right before we launch our AI. Bro, this
is just I would be an idiot to say no to
this. Like it really it these things all
like independently lined up as puzzle
pieces that I never thought would line
up. And then when they lined up, I was
looking at this painting and I'm like,
"Bro, I would be a dumbass not to do
this. How could I not do this?" All
right. So, I think the profit on the
aircraft ended up netting to about
$69,000, which is kind of insane because
the tail number from day one was 694
PPP, which is kind of like a fate loves
irony situation where you look at that
tail number, oh yeah, 694 PP and it's
like, yeah, you got $69,000 for your
private plane in profit, huh?
Oh,
>> but I like I wanted to take a moment and
and just recognize or help people think
about this for a moment. I bought an
aircraft with like 140 hours. I sold it
with like 950 hours, which is like 800
something hours of of flight time. Uh I
used it to help explode a startup from a
0 money raise situation to over a $100
million valuation with over $80 million
in cash and real estate and no bank
debt. Again, thank you to all of my
subscribers. And I now sold the very
aircraft that helped me build the
foundations of the company with no cost
to that company for a profit.
[Laughter]
Now, also balance that with the fact
that if there actually ends up being a
recession, which I'm I'm like on a
teeter totter of, right? Like we're
probably like 60% shot of not having a
recession here. like we just saw land,
but there's enough that says there's a
good 40% chance of us tanking into a
recession that takes 10 years to get out
of because the, you know, it's
impossible to get jobs back. It's
possible.
If there's a recession, the value of the
freaking plane's going to tank, you
know, in addition to that, you still
have to pay the debt, right? Because I
had a loan on the aircraft. Now I don't.
Now I'm literally debt free because I
also paid off my homes because at the
point where we are in the market, I
personally am just of the mindset that I
don't really want debt and that's why my
startup doesn't have bank debt either.
That's it. What about the next jet? So
everybody wants to know, all right,
Kevin, so like you got rid of the
Phenom, like what's the next jet going
to be? So the reality is for now,
mission accomplished. The first and
hardest part for house hack was finding
our footings of deploying real estate in
various different parts of uh the
western United States while also
exploring Texas and Florida and
realizing in 2022 and 23 that those were
not the best places to invest which was
I'm very grateful of because prices
tanked over there up to 25% whereas
where we ended up buying prices actually
went up and I credit my many hundreds of
hours of research and flying to these
areas for that uh so this was a lot of
work, but we don't really need to do
that at the moment. We've deployed
almost all of our capital. We just
bought an extra 10 properties for the
startup. We're going to actually take a
little break on buying right now because
we just bought another 10 properties. We
got to renovate them and and fill them
with wonderful families or renters or
whatever.
So, we've got a lot of work to do and we
don't really need to fly for that work.
So, I realized I was kind of paying for
the aircraft for it to sit around or be
my training aircraft. And that doesn't
make a lot of sense. We'll talk about
training in just a moment because I
really love flying the aircraft. Like, I
I actually kind of enjoyed going out and
training, but I have to say it does get
a little old. Like here's me over the
coast of Santa Barbara, which is
absolutely and ridiculously beautiful,
going to stall the aircraft. We actually
just had a couple of professional pilots
stall a hawker uh and crash it uh and
die, you know, like I always felt really
safe, but SH9 happens, right? And so
here you can see the air speeds going to
like 96, you know? I'm I'm There you go.
Now this is our stall pusher breaking me
into a stall. Uh, and uh, and and you
make got to make sure not to double
stall the aircraft. Point the nose down
a little bit, get some speed and come
back uh, to a climb. You know, now I'm
at 150 knots. It's a jet aircraft, so
it's it's it's pretty fun. Uh, like
there's some cool things you could do
with it, whether it's steep turns or,
you know, flying through the clouds,
like breaking out of the clouds to do a
touchandgo into Santa Barbara. Like this
is top G stuff. This isn't like Andrew
Tate top G where, you know, he's just a
poser. This is like I think this is top
G. This is actually freaking awesome,
right? I love this. Uh but but let's be
real. Saturday morning, do I want to go
do stalls over Santa Barbara or do I
want to go spend time with my beautiful
seven children or my wife? See, and
we'll get into this in the piloting
aspect and the training aspect, but over
the last 18 months, I would argue how
sack really maybe utilized the plane
about 10 hours. And Houseack never paid
a dime for it. Uh the board hated that I
was flying, by the way. They're they're
like, "Kevin, this is too risky. You
should not be flying. We know you're
flying with professionals and and you're
doing a great job here, but it's still
too risky. It's it's not worth it. like
focus on house hack AI. This is a touch
and go into Santa Barbara. Well, it's
actually not a touch and go. A touch and
go is what you would do with a Cirrus.
Uh this would be a bulked landing at
about 50 feet is what you would call it
in a jet. But I mean like this is
beautiful. This is awesome, right? This
is so cool. Like I get giddy about the
idea of this. But I get it. I get it.
There there there are some risks
associated with this, right? Anyway, so
the mission for right now is done. The
mission will come back though and so
that's where it's worth talking about
the next jet and how I would handle the
next jet. When it comes to the next jet,
I'll tell you when we're going to buy it
after I say this. I have so much for the
so much respect for the aviation
industry now that even though I've got
like 600 hours or whatever, maybe 100
hours of jet time, multi-engine jet
time, I'm going to be clear about this.
I don't think I'm going to be the pilot
anymore. I have so much of a respect for
the aviation industry and the true
professionals who put tens of thousands
of hours into this industry. I'm honored
to have been a part of it for the time
that I was a part of it. I've really
enjoyed it. I I loved uh passing the
tests. Honestly, like it's it's a
personal accomplishment to to pass tests
and to like get these certifications. I
feel like uh an individual who, you
know, had a great opportunity to be this
pilot and go pick up a donut for happy
National Pilot's Day at the Signature,
you know, aviation or whatever. That's
cool. But I realize
the amount of effort that it takes to
stay great and to really butter those
landings all of those times is just not
what I'm interested in putting in,
especially at a time when I need to be
focused on growing my startup. So, in
other words, I think I was a great pilot
when I was flying all of the time, but
as I flew less, I realized my ability to
nail those landings with butter started
to kind of melt away. And so it took
consistent training every weekend almost
to be a great pilot. And I feel like
after my training was complete, I went
from great to good. And I don't want to
be a good pilot. And I don't have the
interest in spending the time to be a
great pilot when I want to spend these
weekends with my family. That's the
point after all. So when am I going to
buy a new aircraft? Well, I'll set some
rules. I believe that not only are we
going to use professional pilots the
next time we have an aircraft, but there
are three ways we would buy a new
aircraft for house hack. Number one, our
AI valuation explodes. If our AI
valuation explodes for House Hack, in
other words, we release our AI product,
you know, it's going to be an alpha day
one, then it's going to go into beta,
but like if it picks up mainstream in
2026, House hacks valuation is going to
explode. If that happens, we're going to
have a lot of money. And just like the
name of the company is reinvest, we're
going to reinvest that money into real
estate. So, we're always going to be an
assetbacked company. And that's what
makes me really excited is we've got
like the three tabs here. Reinvest AI.
Then we have our building and renovation
side, but then we also have the real
estate ownership side where we take
nasty homes and we make them beautiful
so people can live in them, right? And
we also build new homes so we contribute
to new housing for our neighborhoods.
Like this is what we do. You can see all
of this at reinvest.co. But anyway,
if our AI valuation explodes, we'll need
another aircraft to go expand to the
East Coast. I would love to go buy
Brooklyn real estate, Florida real
estate, go buy the dip on Toronto real
estate. I'd love love love nothing more
than to buy East Coast American real
estate. But for right now, until our AI
valuation explodes, it's not necessary
because frankly, real estate is very
capital intensive and we don't have any
more capital. Like, we've already
invested the capital. So, until our AI
valuation explodes, we don't really need
to buy that much more real estate. And
once it's rented out, it's kind of easy.
You don't really have to go visit it all
the time once it's rented out. Uh second
potential is that our tokenization
strategy explodes and we end up
reinvesting a lot more into real estate
because we get you know some crazy
crypto inflows or whatever through our
tokenization strategy which I think will
be a big win for all of the house hack
shareholders. So that would be number
two, which would also then lead probably
in the future, like the only way house
hack will do it is if we have so much
freaking money. But house hack will just
buy the next plane. And again, I expect
that would only happen if our AI
valuation explodes and we need it or our
tokenization strategy explodes and we
need it or who knows, we raise a lot
more money like the Saudi Wealth Fund
calls me up and says, "Kevin, we love
what you do with American real estate.
We love wedge deals.
here's $2 billion. Then we be like, "All
right, we'll go buy a plane because
we're going to make a whole lot of money
with it,
right?" Like, those are the three ways I
see buying an aircraft again in the
future. Or we IPO and and it the IPO
goes really really well, right? which
it's possible that if our a like these
things can happen in combination. If our
AI and tokenization or investor strategy
or whatever really takes off and then we
IPO and we raise even more money that
obviously we'd use a a co company
aircraft to go deploy real estate on the
other side of the country or whatever.
Now, here's the aircraft strategy I
would go with with professional pilots
should the time come to go buy another
aircraft. Obviously, dear SEC, no plans
to buy an aircraft right now. uh you
know like I just want to be very clear
about that. This is also not a
solicitation or a promise that the
company is going to blow up with with
all of these really cool verticals. So
no guarantees. I'm an optimistic CEO.
But the aircraft that we would choose
would be either actually probably a
combination. It would probably be a used
GFream 600 or 650. You could get a
10-year-old like 550 or 600 Gulfream for
around $24 million. uh or potentially a
650 for closer to $30 million. Like
there's no reason to buy a new one of
these for 80. It's insane. Just get them
at the bottom end of their depreciation
curve. And these would be great with two
professional pilots. I ain't going to
fly. uh for west coast to east coast
expansion because they're going to get
me to the other side of the country with
no stops and they'll be comfortable
enough to sleep on uh without some of
the downsides of needing to stop for
fuel or not being able to make it to
places like Hawaii which would be
another great place to invest uh
especially buying the dip on Lahina for
example with the burn lots
very sad what happened there but anyway
they need infrastructure they need the
development they they need the investors
and and it'll be great in the longer
term. But anyway, a larger aircraft
would be great for those purposes.
However, the Phenom 300, which is a
fantastic business jet, is the most
popular business jet in the world. It's
backlogged for multiple years. Uh,
almost every single Phenom is selling
for more than MSRP right now because of
the backlog for these aircraft. NetJets
buys them like crazy because they're
really fuel efficient, which is somewhat
of an asterisk because when you look at
the fuel burn for a Phenom 300, they
advertise it as a 165gall per hour fuel
burn, but that's only at max cruise. So,
I remember I was sitting at 45,000 ft
one day and I'm like, I'm all the way up
at altitude. Uh, and you know, I'm like,
hey, you know, wait a second here. Why
is my fuel burn so high at these lower
altitudes? uh well like compared to
where we are now and then I go to
calculate it and I'm like wait when I'm
at lower altitudes my f fuel burn is
probably somewhere around double what my
fuel burn is when I go into you know
when I'm at 45,000 ft and the
advertising people they advertise you
the best fuel economy when you're at
45,000 but I'm not at 45,000 ft all the
time you know cuz when I'm taking off or
I'm landing or I'm doing shorter flights
I'm often coasting at you know in the
20s or low30s. Obviously, coming into
land, I'm burning twice as much fuel
when I'm doing this kind of stuff. This
is Heber, by the way. Really, really
tough airport to land in. It's a very,
very narrow runway, very dangerous. No
instrument approaches, all visual, very
bad in the weather. I would never go
into here with in the weather. And um
you know, this this is a stressful
landing. Like, I'm just getting anxiety
just looking at the landing. It's a
great landing. Freaking buttered this
sucker. did a great job, but uh still
stressful. So anyway, um you know, like
the fuel burn was a little a little bit
misleading.
Anyway, uh fuel burn very efficient
aircraft. Uh either way, you slice it.
Uh and I get why NetJets buys them, but
if you're coming into fuel stop, you
kind of ruin some of that anyway. I
think NetJets just does a lot of really
short like 1 to 2 hour flights, and the
Phenoms are great for those, and that's
why there's such a backlog on them. But
I don't think I would buy another
Phenom. As much as I like Embry Air and
support them, I would buy a Gulfream for
those coast to coast expansions. They're
just way more GFream pilots than there
are like parader pilots. And I would buy
a Vision Jet or an SR22 Turbo for closer
distance stuff. See, there are times
where I'll fly the Phenom or I'd fly the
Phenom and I need to get into like a
4500 ft runway and I'm like, "All right,
cool. We're going to get into a 4,500t
runway. This is cool. Uh oh, wait. It's
wet and it's not grooved. Okay. Well, if
it's wet and it's not grooved, do I
really want to go land on a 4500 ft
runway with the Phenom? And the answer
is no. It's too risky. Like, I want more
of a margin of safety. So, I was just
looking at some more clips here to see
if I could find another uh uh runway uh
landing. We showed you this one. And
I'll pull up another runway landing, but
uh coming into land on a wet runway
that's too short. Hell no. So all of a
sudden you're finding yourself
in, you know, turbulent situations or
weather situations or whatever where
you're like, am I going to go into a
4500t runway, which is where I need to
go in a Phenom jet, or am I going to go
to a larger runway and be safe? Great.
Then I go to the larger runway and I'm
safe. But then I didn't save any time
taking the jet. So, ironically, for a
lot of the places we would go for house
hack, we needed the ability to land on
smaller runways, 4500, 4,000, 3,800, and
an SR22 turbo or a vision jet would be
perfect uh for those situations.
So the phenom was in this sort of like
too small to get east coast consistently
without stops but too big to be that
near flyer everyday flyer where I can't
even land on Catalina Island for
example. Not that I'm buying real estate
on Catalina Island but it's kind of
cool. You're better off with these which
this is like a you know what was this?
This was probably the SR22. Uh love this
aircraft by the way. These are really
really cool aircraft. Uh, I think this
is Kingman. Man, I freaking love the
Kingman cafe. But anyway, these are
cool, you know. Oh, this was um I think
I did a a soft field on this where you
just ye it up here. Oh man, the G's you
feel there. So freaking fun.
Uh but anyway, so excellent aircraft. So
SR22 Cirrus jets, Cirrus prop planes,
amazing. You get the caps parachute
system. Vision jets also single engine
caps parachute system great aircraft uh
or just Gulfream if you're going to go
cross country right
Phenom great if you want to go charter
people around which I thought about for
a while I'm like I became a pilot I'm
like hey maybe I could like charter
people around but then I'm like no man
the amount of training that I would have
to do to consistently butter landings I
just want to spend the time with my
family I'm not going to do this I'd
rather build a greenhouse than do this
over and over again so professional
pilots for the future
In the meantime, if we really need to
get somewhere, I'll just use netjets or
wheels up or frankly just fly
commercial, which isn't that bad. Like,
I just flew to Hawaii on a a commercial
flight. I used my uh Air of Miles. I had
points with JP Morgan on the Sapphire
card. I freaking hate JP Morgan. I'm
going to make a separate video on them,
but I had some leftover points, so I
burned them on a first class flight to
Japan. Well, I paid for all my whole
trip to Japan and Hawaii. had absolutely
loved flying to Hawaii. The United
Airlines crew took us in the cockpit.
They made the kids a little uh like
paper airplane. These people pamper you.
The United crew, true professionals.
Hawaiian Airlines crew, true
professionals. And they have Starlink.
And I'm like, bro, I didn't even have
Starlink on the Phenom. I when I bought
the Phenom, I was promised that Starlink
would be available in Q1 2023 and it
never became available. And so when I
went in to cancel in September of 2025,
like 2 and 1/2 years later, this is like
Elon time or something. They're like,
"No, no, no, no. Don't ask for your
$155,000 back. Please, please, we'll
install it in a few months." And I'm
like, "Nah, man. Just cancel at this
point." So, they actually did give me my
money back. But it's crazy cuz the
Starlink was amazing on Hawaiian. And I
realized the best Starlink is somebody
else's Starlink.
Mind you, also I have Starlink on the
Cybert truck. And in some areas,
T-Mobile is faster than Starlink.
T-Mobile in LA was giving me 900
megabits down and 90 up. And Starlink on
the Cybertruck was giving me 150 down
and 10 up, which basically means
T-Mobile was 5 to 10 times faster
depending on if it was down or up.
That's crazy. But Starlink on a plane is
pretty clutch. I could just never get it
on the Phenom even though I paid for it.
Thanks Elon.
Uh so the other thing to consider is
that when you look at companies like
NetJets versus Wheels Up, the break even
of using these charter aircraft
companies for shorter distance flights
rather than like international where you
should really just fly commercial. It's
just not that bad. And you don't save
that much money. I mean, sorry, you
don't save that much time using a
charter or your own aircraft. uh you
actually just burn a lot of money and
it's not worth it. If charters are great
for like 45 minute flights, you save
massive amounts of time. Having your own
aircraft, massive times saver if you're
going to do like 45minute commutes,
right? Huge time saver. Uh but the break
even is about 250 hours a year. Over the
last three uh three years, I flew about
800 hours, which works out to about 266
hours a year a
uh at a break even of about 266 hours
per year, I was probably running this
aircraft at like $7,000 an hour roughly,
all the costs included and everything,
which I was okay paying for that. But I
don't think I'm going to fly 250 hours a
year. I think if I just use a netjets or
like a wheels up card, I'll probably fly
like 50 hours a year for these shorter
term flights. And then I don't have to
deal with parking it in a hanger,
deicing it, paying landing fees, dealing
with all the bull crap that you have to
deal with with actually reserving the
spot for the aircraft. Like it doesn't
matter if I fly somewhere and it's a
nets, you know, they take me to Heber
and they empty legs somewhere else. I
don't have to worry about getting a
hanger space for that aircraft. Like,
that's somebody else's problem. There's
a lot of peace of mind in that. And I
don't actually have to fly it, which
don't get me wrong, I love takeoff and
landing, but when you're on like a
4-hour flight somewhere on the Phenom
cross country, it gets a little boring.
Takeoff and landing is fun, but when
you're cruising at 45,000 ft, you're
kind of just up there like,
"All right,
autopilot's still set. Looking good."
you're not really doing anything. Like
you could be replaced by AI very easily.
Now takeoff and landing, you want
professional pilots. Emergencies, you
want professionals who are trained in
emergencies. This is why I would go
train stalls and stuff. But then again,
it also requires the time commitment to
do that training, right? So, it's like
with that jets and wheels though, you
could just sit in the back, get pampered
with sho sushi or champagne or whatever,
which like I didn't drink when I was
flying because as a pilot, like I got I
look back and I see everybody else
taking shots of fireball and I'm sitting
in the in the front like
sober but ready for the emergency. Come
on, give me something to do. Not that
you ever wish an emergency when it's
just like, man, I'm bored, dude. You
know, so the jet was a utility. It was
there when I needed it. But when I
became a pilot, it became more of a
training tool than anything else. And
then I'm like, why am I doing this? I'm
training 10 hours for every 1 hour that
I'm actually utilizing it. Like I'm
looking for excuses to go fly and this
doesn't make sense. Like I'm burning jet
fuel for nothing. And that gets to the
lifestyle aspect. I'm not a lifestyle
YouTuber. I don't consider myself to be
a Rolex or flashy big mansion guy. I
live in a small house with no driveway.
It's so small. In fairness, we had to
buy the house next door, which is also a
small house because we live in a small
neighborhood in Southern California.
It The weather is amazing. The neighbors
are amazing. The families that live here
are amazing. Halloweens are amazing. Can
you guess what I'm going to be this
year? I'm going to be a clown. Okay, I
deserve it. I made a bet. I lost the
bet. I'm going to be a clown. But we
love it here. We think we're getting a
wedge deal on where we live. Like, we
should be paying $45 million for a house
for the weather that we have here. We're
paying like 900 grand. It's not that big
of a deal to have the most beautiful
weather in the United States. But again,
I'm not Mr. Flashy Lambo, Rolex. Yeah,
I'm going to buy a Tesla. Yeah, I'm
going to buy a Sprinter for my kids. And
I'm grateful that I'm able to afford
buying a house next door, which I
realize that's bougie, but it's also
when you have seven kids, you kind of
need it. So now we finally have like
4,000 square ft, but it's divided into
two homes, which is also kind of weird.
We just know how to move. So anyway, uh
so what's the future? The future here is
really playing it safe, focus on family,
and just keep providing value for my AI
startup and my real estate startup. It's
one and the same. houseack.com reinvest.
It's the same thing. It's just a DBA.
All right. Same company. There are no
other entities. Like if you're an
investor in house hack or you're
considering being an investor in house
hack, you're an investor in Reinvest.
It's the same thing. So, uh, like some
things that I did learn though from
being a pilot, triple-checking. Not
because I don't trust other people like
my co-pilots that I flew with, but
because I am mentally incapable now of
not triple-checking checklists. And I
love it. I became a more patient person.
I think I became a more humble person. I
think I became a more uh patient person.
Like I think all around through this
experience I became a better person. I
believe that now enables me to provide
better value for you because I have all
these experiences now in addition to
what I had before. Uh I also realized
that like I would park my jet next to
people like Taylor Swift and Mark Cuban
and Jeff Bezos.
It ain't that different. their their
world isn't that different. I know this
is like probably the most unrelatable
thing, but I'm saying it because
I got into the same, you know, Escalade
SUVs. I walked into the same field fixed
based operators, the FBOS's, the
lounges, the golf cart treatment, you
know, whatever. Coming off your
aircraft,
bro, give me a Toyota Camry and let me
go do my job. Like, it was just a
utility. Like, I get it. It's cool the
whole like jet setting idea, but there's
nothing more interesting to me right now
than providing great value on YouTube
and building a greenhouse with my kids.
I also care a lot about safety. It's
actually one of the reasons I kind of
wanted to fly because I wanted to feel
more safe flying. So, I wanted to see
what all goes into it. And again, I
think I was a great pilot when I was
flying all of the time. I could butter
my landings. I was really, really
proficient. But as soon as I went to
Japan and then I took three weeks off of
flying and then I come back and I'm
like, "Oh, I've lost some of the
butter." It's not like driving where you
just get back in the car and you're
mostly good again. You really have to be
flying all of the time to be great. And
I don't want to be a good pilot. I only
want to fly if I'm a great pilot. And
again, I think I was, but as soon as I
realized I was no longer staying great,
it was time for me to be done. And so I
have a great respect for the profession.
I'm so grateful that I did it, but I
don't need to keep doing it. It's just
not worth it for me in my situation. So
now I want to give some shoutouts. Okay,
so if you're thinking about getting into
aviation,
All-In Aviation in Henderson is a
fantastic place to go, book yourself a
local like Marriott hotel or a Holiday
in. go to All-In Aviation and get
trained in how to become a private
pilot. You could use their Cessnas or
their Cirrus aircraft. The Cirrus
aircraft are more expensive. It's like
the more Rolls-Royce version of the
Cessna training, right? I liked it cuz
it had a parachute. To me, it felt
safer. And it was also a Garmin 3000
flight deck, which is what I would have
been flying in the Phenom anyway. And
then, of course, eventually was so it
was a very easy transition to go from
Cirrus to Phenom. So, for many reasons,
it made sense for me to use a Cirrus to
train instead of a Cessna.
That said, shout out to Allin. I wish
they did multi-engine training. I went
to I think it was Blue Aviation in
Florida. I just outside of Orlando. Blue
something uh Blue Line Aviation maybe. I
don't know. Something Blue in in uh
outside of Orlando. I think it was in
like Winter Haven or something like
that. They were cool. I was only there
for like 3 or 4 days. Got my
multi-engine uh license and then I got
out of there. Uh, so shout out to All in
Aviation and the multi-engine people in
Florida. Shout out to Airfleet Capital
for financing the aircraft with a 20year
fixed rate loan with no remargin
provision. That's a big deal because if
you go into a recession and you have a
plane loan and there's a remaring
provision, the bank can literally call
you and go, "Yo, we need you to put
another million bucks down on the plane,
otherwise we're going to foreclose on
it." Now, I never ran into that issue,
but it's just like like it could happen,
right? JP Morgan Chase, they are scum.
They are absolute dirt scum. They have
done nothing for me in my career. And
I'm going to make a whole separate video
on this, and I really I I don't like
bagging on people, but I thought that if
I built a relationship with a bank for
15 years, it might actually come with
some perks. It doesn't. Basically, what
they want you to do is sell your stocks.
They pressure you to sell stocks so you
can buy their JP Morgan funds and they
can make more money in exchange. Did
they ever give me any of their
institutional research? No. I had to buy
it from different sources. So, screw you
JP Morgan. You couldn't even give me
your own research even though I was a
client of yours and promoting you, which
I regret promoting you. How about real
estate loans? Nope. can't finance people
with more than four properties. Well,
screw you JP Morgan. You're worthless.
How about a plane loan? Oh, yeah. 7-year
adjustable rate mortgage basically on a
plane with a remargining provision and
like 40% down. Airfleet Capital on the
other hand, 20% down, no remarggining
provision, 20-year fixed rate financing.
And I'm like, what good are you, JP
Morgan? And then I'm like, "Hey, JP
Morgan, how about like a blanket loan on
our single family real estate?" Oh, no,
no, no, no, no. We we don't do that. We
don't do that. Uh, and then I call other
guys that that do this stuff and they're
like, "Yeah, we could do interest only,
20% down on investment property for
corporate entity. No problem. We'll
finance it all day long. We'll even do a
40-year loan where we'll do 10 years
interest only advertised over the next
30." So, I'm like, every reason I would
have wanted a bank, JP Morgan sucked
for. I guess I've made my whole JP
Morgan video right here. And then you
look at the technology and it's
antiquated. The apps are antiquated.
Like, I like the Sapphire card. I got to
give him credit for that. But, you know,
the Capital One Venture card, Venture X
card is a nice replacement for that. But
anyway, like what the hell JP Morgan,
you guys suck so much. And then the
infrastructure sucks. Like, I'd much
rather use Mercury. I I think I have
sponsored banners for this stuff. Like
this is all sincere. Like I you don't
have to use this stuff. Like I don't
even want you know I'm not even going to
put it up because I don't want people to
think this is like a sponsored pitch for
these things. I don't care. Don't use my
affiliate link. Uh Mercury is such a
better bank with technology. In it
banking is good too for certain purposes
like recurring bills or payroll or
whatever. Uh that as a combination is so
much better than what JP Morgan could
have ever done for me. So sincerely,
especially now that I'm debtree, a royal
double middle fingers to JP Morgan.
Airfleet Capital, y'all rock. Air7,
greatest cookie FBO ever. Hamario, thank
you. Shout out to Air7. If you need to
hang an aircraft, Ventur County, Air7,
call up my boy Matt. Okay, these are
great people. If you need to buy or sell
an aircraft, call Spencer Bane. That's
brain without the R. It took me a while
to think of something for that. Um,
I don't know how easy he he is to
Google, so sorry. I I hope you
appreciate this. Um, but his number is
6304141293
if you need to buy or sell a plane. You
can text him, too. He's great. Okay. He
actually,
this guy is such a brilliant bastard.
He bought me a Discovery flight in
November of 2024 at All-In Aviation. And
he's like, "Oh, you should try to, you
know, fly a Cirrus." Uh, and so he he
paid for the discovery flight for me. At
least I think he did. I don't know.
Maybe they had some other deal going on
or whatever, but it was so nice. It was
like a nice treat. And then I caught the
aviation bug. And then I wanted to be a
pilot. And then I'm like, I don't want
to be a pilot anymore. And now I'm going
to sell the plane with because I got
multiple offers. And so who am I going
to call? Spencer.
You're brilliant, bro. But you're also
really good at what you do. So thank
you. Seriously. Um that like badass
dude. Uh you got me into becoming a
pilot and you helped me buy a plane
twice and you helped me sell a plane
once. Long story.
Uh so then there's Charlie. Charlie,
you're a badass plane manager. Thank
you. I Business Aviation Solutions. I
don't know if people can look him up. If
not, here's his number. You can text him
to 805907-2422.
Uh pilots, if you need a great Phenom
pilot, uh first of all, the god of
phenom pilots is Sean Thomas out of
Dallas. He basically runs the phenom
pilots forum and he will be able to help
you find a pilot. Uh but otherwise, uh
really really enjoyed my time flying. Uh
probably the pilots that I flew with the
most that I think I really also learned
from the most uh would have been uh
Travis also known as Brian from Texas.
Uh Tanner uh Cavinus from Naples. Thank
you very much. Find these folks on
Phenom Pilots. Uh John from Florida.
You're fun to fly with too, man. Thank
you. Uh VJ and Chandler, I never
personally got to fly with you, but you
were my pilots uh for a very long time.
Y'all rock. Connor Donnelly, you rock.
I'll never forget flying into can loops
with you or 30 knot crosswinds. Uh hey,
you stuck them man. Pretty badass. Uh
Jerry from Long Beach, you're like the
drill sergeant guy that I love learning
from. So thank you. Uh like most chill
during 90% of the flight with a takeoff
and land like your inner military comes
out. and having been a police explorer
for three years and going through like
drill uh and actually also drilling
other people, I actually loved it. So,
it was great. Great training. Great job.
Uh Frankie from All-In Aviation, nobody
hits flight patterns at 10 p.m. quite
like we did. Thank you. Uh Chris from
Allin Aviation, first flight with you
and also my first solo uh with you. In
fact, I think I have video of me. This
was me just after I landed my first solo
ever uh in Kingman, Arizona,
and we butt at it.
Uh so, thank you, Dana from All-In.
Thank you. Really, thank you everybody
at the All-In Crew. Y'all are freaking
amazing. U but I'll I'll never forget
our flight from the International Fun
Place to Havasu for dinner before they
closed. Badass. That was really fun.
Thank you. Uh, and of course I flew with
so many of y'all at All in aviation. It
was it was just it was a complete blast.
There were so many fun uh uh you know,
opportunities we had there and flights
we had. And uh training out of um the
Gene airport is pretty wild, too. But
anyway, um yeah. Yeah. Is there going to
be depreciation recapture? Yeah. And
there are a lot of strategies for
sheltering the tax hit, you know, the
recapture. I'll pay Uncle Sam and I'll
be done. There are also a few other ways
to get out of the Venus fly trap. Some
of the strategies we talk about in the
Trumpomics course, but broadly, I just
want to say really thank you to
everyone. Uh, if you want to learn more
about tax strategies or ideas for
building wealth, go join the Meet Kevin
membership. You pay once, you get
lifetime access. You get my top 10
stocks to buy for the next 10 years, all
eight courses, every private live stream
and alpha report. You get that every
morning uh when the market is open, all
the courses, all the new lectures. If
you're interested in potentially
diversifying to real estate, consider
investing in Reinvest. Reinvest that's
you could also go to houseack.com. The
company name is Houseack Inc. doing
business as Reinvest now. Uh and so you
can get you can invest you can earn a 5%
yield and 100% of the stock upside.
That's exactly what I'm buying as well.
Uh it's asset backed and we've got some
really cool things coming with AI and
otherwise which is really cool. Make
sure to read the offering circular cuz
this video can't be a solicitation. And
there you have it. There's my full
story. Thank you so very much. I am so
grateful for all of you and we'll see
y'all Monday when we're back for stock
videos and market videos.
>> 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.
>> Congratulations, man. You have done so
much. People love you. People look up to
you.
>> Kevin Pra there, financial analyst and
YouTuber. Meet Kevin. Always great to
get your take.
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