Sh*t... the Truth about my $100 Million Dollar Startup | HouseHack "Scam"

[Music]

welcome to miss SW I'm just an

egg I just want my

privacy hey i Kin I'm not going to talk

like that the whole time hey uh I just

wanted to give you a quick update I

might be a bear ogre uh but there's one

thing I do really well and and even

though it's Halloween it's real estate

and I want you to know that the simplest

way I could explain who I am or what I

do is I do real estate really well I run

a small business called House Haack and

if you want to learn more about

investing in it go to house hack.com but

I can also make it simple for you you

might wonder why do we call it house

sack it's really simple we buy really

crappy houses like Shacks in a swamp you

know ones with milw and M and lead and

Asbestos and all the other stuff you

just definitely don't want to live in

except we buy those homes in high

quality areas with a lot of homeowners

in the neighborhoods and we take these

unlivable homes and we make them livable

again we actually help everybody out by

not only getting the worst first house

out of the neighborhood for the

neighbors but we also enable somebody to

move into it we don't want to hold these

properties forever we want to rent them

out to tenants and in the future sell

them to another homeowner but we're

going to hold them for a while first and

you might ask yourself well Kevin why

would you hold them at all why not just

flip them because we don't want to pay

the

taxes so we're just going to 10:31

exchange these prop properties after we

hold them for a few years we'll minimize

our taxes and after we build out a

really large portfolio over many years

we'll be able to do that over and over

and over again and we'll never ideally

have to pay taxes on these roles because

we'll just always have new properties

coming up ready to roll whether we do

that on single sales or to funds many

whatever it doesn't matter the

difference with us is we just don't buy

any real estate State that's on the

market we buy stuff that's a good deal

and we do that using my wedge finder Ai

and a napkin it's that simple my AI

identifies the deals then I take a

napkin if I if if a donkey and an urer

can underwrite the deal and there's 20%

value in it we buy it and if there's not

we don't we use the pending coms and we

use the recent coms in the last 3 months

that's it we didn't get any further back

what in the world do you go further back

for that's it we own $60 million of free

and clear real estate so yeah right now

it's a really complicated thing we're

doing we're doing this thing called a

convertible bond for accredited

investors hopefully soon we can do

something for non accredit too if I

could do it today I would but we can't

just a credit right now if you're a

credit investor you might ask yourself e

what's a convertible Bond why do I care

about that is this for a donkey what is

it how do you pay the yield it's simple

we pay the yield from the rent that we

collect then when we raise money we buy

more real estate the more we can grow

the company the more once we've been

doing this for two to three years we

could start rolling the real estate and

real realizing the profits it's that

simple buy good deals in the future we

sell them and don't pay taxes on them

because we'll use the 1031 when we can

now a lot of people wonder but Kevin

when are you ever going to

IPO trust me I want to IPO as soon as

possible but I can't make a promise as

to when we're going to IPO because we

could literally go 99% of the way to an

IPO and then there's a recession and all

of a sudden we can't so of course we

have language in our paperwork that's C

that lawyers put in there for the odd

chance that something goes wrong can

something go wrong of course but it's

$60 million of free and clear real

estate even if the real estate market

tanks we just sit and collect rents we

feel insulated we bought it for 50 mil

we turned it into 60 because we got good

deals that's 20% now more money we raise

the more we do that we're real estate

companies we're a simple real estate

company we fix houses and we out we do

the property management and what we do

in a few

years you just have to believe that

we're always going to do what's best for

the

company so if you want to make 5% on

your money per year between now and the

end of 2026 maybe longer you can invest

in these convertible bonds and when we

first started the offering that was

until at least the end of 2029 but

people asked us Kevin what happens if

you guys IPO sooner we want to be able

to convert to share sooner so we

modified it to the end of 2026 just in

case we happen to IPO sooner you get to

convert sooner our goal in the future I

don't know when but it is to IPO this

company because then we'll have access

to Capital markets and we'll really get

to grow this puppy together that's my

hope now look some people also wonder is

it a profitable company and I want you

to know that after 13 months this

quarter Q4 2024 is expected to be EIT

profitable that basically means before

depreciation and outside of one-time

miscellaneous expenses like attorney

fees for raising money we're a

profitable company so if we sit around

and do nothing we are profitable with

the rents we collect after we pay

salaries and our accounting costs and

everything we're profitable so the money

we make go goes into more real estate

the money we raise goes into more real

estate and we take that and make more

money that's our job so if you're

interested go to househ hack.com we

might end up closing this round sooner

than expected we said December 13th on

the offering and on the website but I

think the offer is really good and

there's some things coming up that are

really good hopefully no guarantees you

know we always have to balance what we

say so things could go bad obviously

Investments could lose money but if

things go as planned we'll probably end

this round significantly sooner than

expected so if you're interested you

think this might be right for you come

join us oh and keep in mind anybody who

invests in this Bond offering which I'm

personally investing into as well these

bonds get my personal guarantee so yeah

I've got skin in the game this is who I

am

I am a real estate investor at heart and

an educator house hack is my baby and my

legacy it's my swamp it's Miss swamp and

if you want to be a part of it great but

if you don't because you want to listen

to the donkeys the haters that'll talk

your ear off reading you the black and

white disclosure text then that's fine

in fact you know what we encourage you

there are plenty of haters that think

we're a scam

and it's either because they don't like

us maybe that's true there are a lot of

people who don't like us fortunately we

think they're relatively few we think

the majority of people really do support

what we do and the education and value

we share and they know we have the best

of interests involved for everyone we

have the best intentions for everyone

and plan to do the best for everyone but

if you really want some Doom and Gloom

and someone to read you some fine print

C a text make sure to subscribe to

depressing people that'll call you their

friend like Chris Nolan or some weird

shirtless guy like strongman personal

finance now at least strongman personal

finance is in America and actually has a

financial background and is probably

using his real name when he talks to you

unlike the other dude but hey look there

always going to be people on YouTube

pooping on others because that's how

they get views that's how they grow

their Channel That's that's how they

make a living and so I encourage you to

make yourself aware with whatever

anybody's saying if you want and if you

trust us to do the absolute best well

you're welcome to join us and if not

that's okay we've got plenty of plans to

move onwards we won't be here for long

now there is no pressure but let's be

clear we might end this offer at any

point and once it's over it's over and

again I'm just trying to provide a heads

up clear perspective of what it is that

we do at the company if you like it and

you want to join us in the arena go to

house hack.com all you have to do is

sign the doc sign and you're in and

we'll text you or call you or email you

and we'll do the rest with you in the

meantime if you're non accredited stay

tuned I enjoy you and if you just hate

us and you're still watching watching I

don't know why but that's okay I'll go

back to my swamp where the other side of

my swamp I'm already in my swamp goodbye

now and happy Halloween can 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 go congratulations

man you have done so much people love

you people look up to you Kevin P there

financial analyst and YouTuber meet

Kevin always great to get your take