My New $13,000,000 Investment.

hey everyone me Kevin here in this video

I want to explain why I'm making a 13

million dollar acquisition for my media

business and why this is really scary

where the money is coming from and why

I'm doing it first I want to give you a

very clear lay of the land in 2022 has

been a very difficult year I've let some

of the minor uh noise that is very very

loud but it's still hate affect me

personally because I'm the kind of

person that wants ultimately everybody

to like me but unfortunately when the

market is going into a recession you

can't get that there are going to be

people who are upset they need to point

the finger at somebody else and even

though I'm trying to do my absolute best

possible they're going to be haters in a

recessionary environment and

unfortunately I've let a lot of that get

to myself but when I zoomed out and put

life into perspective this actually

became a lot less important for example

a good friend of mine's spouse had

cancer for 18 months they went into

remission and then all the the sudden

we're told now they have a new form of

cancer abdominal lining cancer and they

have six months to live

it's terrible if anybody has any

recommendations for like any kind of

clinical trials or any kind of support

for these kinds of situations please hit

me up in Twitter DMs

second thing that happened this year was

I contacted my insurance agent about

eightish weeks ago always gets back to

me always answers my phone calls really

great guy hard worker and a few weeks

ago we call and find out he died

suddenly died of a brain aneurysm I'm

like what this is so Eerie then third

thing that happened is my uncle whose

initials are PP Peter paffrath had a

heart attack this year it was like 35

minutes away from a hospital because

they live in a smaller town fortunately

survive but it really put into

perspective that

you know life is about the journey and

life is about making sure we have the

proper balance of success and effort and

family and uh that we're able to pick up

where there are failures and keep moving

with one foot in front of the other and

we can't let the noise of of hate or

criticism or whatever get in the way of

that

so I realized that for me

similarly expand the three businesses

that I have a media business a an ETF

and the house hack I need to be able to

give my all to these businesses and I

realized that my media business and my

ETF kind of fold into one envelope they

fold into research and content

production they're roughly the same

because the research we do for Content

production could be roughly the same

research that we use for ETF allocations

decisions which um you know obviously

these These are decisions that that need

to be made by consolidating all this

information together uh in in a way that

sets us up for the best possible 2023.

now what's really important that I found

is that between the hours of about 4 AM

to 11 I'm constantly working on making

content producing videos and actually

able to provide value on the internet

that's how I believe that in the future

we can create a neutral kind of uh

financially directed Ben Shapiro show

you know I think he does a really great

job he's got the daily wire they've got

like hundreds of employees and I think

they have you know they tilt to the

right and I'm really trying to tilt

towards the middle how can I cover

politics and finances while remaining as

neutral as possible that's my goal but

the problem is if I go travel like I did

a few months ago I traveled to Miami to

go look at real estate and I was there

for about three nights and I realized I

go gosh it's so hard to produce content

while I'm spending three hours getting

to the airport at LAX

after three hours getting to the airport

the flight's delayed an hour baggage is

getting lost so I just don't do baggage

anymore but if you carry on and you

don't go like first class or Premiere

what happens they potentially check your

bag at the get at the Jet Bridge and

then you have to go get your bag from

there anyway ah right uh and and then

you land and you you land at massive

airports where now you've got to get a

hotel because you can't get a round-trip

commercial flight the same day because

those just don't exist and so all of a

sudden you look and it's like my gosh

the the amount of impediments to

actually producing content which is one

of my very important pillars of my three

businesses producing content me Kevin

right gets heavily impeded if I'm

sitting in traffic if I'm sitting at

airports if I'm delayed on an airplane

waiting for this thing to leave it

doesn't make sense I can't operate both

my real estate startup househack which I

think knock on wood and I can't make any

guarantees okay you have to go to

househack.com read the solicitation

there but I think I personally with the

commitment I make to househack over the

next six years I think I can 10x the

value of househack uh again no

guarantees I personally believe that so

my view is hey even if I make zero money

next year because I take all my money

from my media business and throw it back

into uh things that enable me to do the

best possible job for my media business

and for househack I think I can make

that 10x reality I want to ring the

stock ballot Stock Exchange again but

with househack on an IPO for potentially

a billion plus dollar company like that

makes me so excited that potential and

so I'm really really excited about like

expanding house hack and becoming the

best real estate company to exist in

America I really think I can pull it off

I don't think any other company does

wedge deals the way I do because it's

hard and it's really because the owners

are not the ones looking at the deals

you have Executives at Invitation Homes

that are like hey go spend the money to

you know people may be making fifty

thousand dollars a year and they're just

sort of like all right looks good let's

just buy it and rent it out and it looks

good on a spreadsheet but nobody's

actually doing wedge deal analysis on

these nobody's actually looking at how

can we minimize evictions you know knock

on wood I've never had an eviction so uh

I I personally believe that investing

everything I can into these three

businesses is critical but in order to

do this I need to have the second half

of my day where I can travel and get

back same day that way I could spend

time with family or I could take family

with me or I can make sure I'm back in

time for for the evening to to spend

some time with family and then the next

morning I can focus on my media business

as well or again I should say and

therefore I've decided to purchase a

small uh and the most eco-efficient

plane that I could find it is a jet it

is uh probably the most economical jet

that you could buy when it comes to fuel

efficiency which I'm very excited about

it is a twin engine jet the safety of a

twin engine Jet piloted by two pilots in

a business Aviation slash Charter uh

style of flight is is extremely high

it's safer than driving now you want to

separate uh business or commercial

Aviation obviously from like you know

people just yellowing it on little

propeller planes on the weekends those

are scarier much much higher accident

rate so we think we're getting into

something that's very very safe it's a

newer model of plane it's a 2021 the one

that we're looking at which we're very

excited about it does mean that

potentially we're buying a little bit

over market value because I do think

we're going into a recession but I do

have tax reasons for making that happen

this year again if I can offset five six

million dollars of taxes this year and

I'm financing the plane with about three

million dollars down the plane actually

pays for itself for about one to two

years which is really really cool and it

will enable me to maximize my time

growing my media business and maximize

my time growing house hack see the cool

thing is the following let's say I want

to train a crew of

um let's just say

eight people so I want to train eight

people how to be really good at

analyzing wedge deals and learning areas

with me uh and maximizing their

understanding of buying wedge deal real

estate well if I took everybody on

commercial flights we're probably

looking at least at 400 round trip

tickets for eight people plus hotel

costs we're probably looking at 200

bucks a night per person right so we're

probably somewhere around 4 800 bucks

for eight people plus Ubers and food

costs and miscellaneous expenses plus

the opportunity cost of me not being

able to film the next morning all of a

sudden it becomes a really really really

expensive to try to fly around

commercially with a bunch of people that

I'm trying to train in real estate

whereas on the flip side if my core

business my media business says you know

what we will own the plane the media

business is going to own the plane it's

going to pay for the core expenses for

the plane what are the variable expenses

for the plane possibly as low as

depending on where fuel costs go next

year possibly as low as as low as again

depends on fuel as low as a thousand

bucks a flight hour well now all of a

sudden if I make a two hour round trip

from here to Salt Lake or I should say

two hour one way and then two hours back

that cost me about four thousand dollars

in variable expenses and I get to leave

with a 15 minute notice 15 minutes from

here to the airport hop on and I'm back

really really easy I can also fly into

smaller Regional airports that generally

commercial flights don't go into I'm

avoiding hotels I'm avoiding extra costs

of all of these additional people

needing to be in hotels and fed and all

this stuff so really and I'm able to be

back in the office the next morning to

be filming in my studio to provide value

and content so all of a sudden four

thousand dollars for a potential round

trip same day for eight people works out

to about five hundred dollars per ticket

when the reality is I'd probably be

spending a thousand to fifteen hundred

dollars per person trying to scoot them

around and then you gotta figure if

we're gonna be there for more days scoot

them around to hotels or food and Ubers

and all this mess it's so complicated

the the projections that we're doing

show that there's no way I could grow

house hack and run a full-time media

business if I have to fly commercially

and take half of my day trying to drive

down to LAX and then take off from LAX

and I'm losing all these days it's just

not feasible so I've made the business

decision to take my media business and

use my media business as the ownership

company of this plane so I'm going to

spend about 13 million dollars buying a

plane take a massive write-off which

will pay for this plane for about a year

or two uh then I'm going to use this to

maximize my ability to create content on

the business side on the media side but

also be present for househack and I

think this is critically important now I

want to be so Crystal Clear house hack

right now has almost all of its money

tied up in treasuries short-term

treasuries that are yielding us net net

about 50 000 a month that means all of

our house hack expenses subtracted we

are up fifty thousand dollars a month

doing nothing right now at house hack

house hack investors should be proud

they should be looking at this going

damn doing nothing and up 50 Grand after

all expenses yeah it's freaking awesome

because we're making sure to manage that

money perfectly and househack is not

paying for this plane I want to be very

clear about that I know initially some

people are gonna be like oh my gosh sure

Kevin raises money and then all of a

sudden buys a plan it's like we're going

through an SEC audit or an audit that

will be reviewed by the SEC but like all

of the money is so transparently

accessible and Ross Gerber at GK has all

of our money almost all of our money uh

it he's managing it for like a fraction

of a fee like I a fraction of a percent

at that I think he's probably losing

money doing this for us for the

relationship that that we're building

long term so uh househack is winning on

so many levels and now rather than have

some miscellaneous employee go look for

deals for househack Kevin gets to go

look for deals for house hack while

operating his other businesses so this

is a very very important business

decision to make sure that the media

business can still succeed while I could

still grow the other businesses which I

think that house hack business is in the

future a multi-billion dollar company

which I'm really excited about uh and so

hey look you know we're going to be

launching the non-accredited round for

house hack very very soon along with

that you'll be getting all of our

audited financials the SEC review of our

financials you will see Zero expenses in

there for Kevin's plane that's because

Kevin's plane is a uh a a a an expense

of the media business in the future

might it make sense to have some

commercial equivalent expenses like hey

like if we had to fly commercially it

would have cost us this much money in

tickets and this much for a hotel sure

but I don't want anybody to ever think

that this is oh let's use house like

money to pay for a luxurious lifestyle

this is not a lifestyle like I'm not

going into 2023 trying to finance a

lifestyle I'm going into 2023 expecting

to work twice as hard as I worked in

2022 uh it's like I would I mean like if

I wanted to just be lazy and do nothing

I wouldn't start house hack I wouldn't

even care about making more than maybe

one video a day maybe just one video

every other day I care so much about the

media business and house hack that I

want to Triple down and go all in and

that's because I'm not gonna let

some idiots hates online on on

commentary on forms or whatever let me

down I'm gonna take advantage of uh tax

rules that exist that say I can write

off this whole thing I'm going to take

advantage of maximizing my time

efficiency so I can turn helsack into

what it deserves to be while maintaining

my media business and you know what if

somebody has problems with that quite

frankly I wish them the best because

really between you and me they can go

screw themselves because I'm making the

best business decision business decision

that I think I can make and I'm doing

that transparently with y'all I expect

in the next few weeks I'll also make

more detailed breakdowns of the cost of

ownership of this plane I'll also show

you what the plane looks like I want to

be very clear it it is a uh it is a jet

that will be requiring two pilots it is

a jet that can be flown by One Pilot but

I think for safety purposes two was

better so we will have uh two pilots

um we do expect and hope that in 2023

fuel costs will come down though fuel

costs are are relatively nominal

relative to the overall cost of this

claim there are a lot of levers that you

can pull to minimize the costs of

ownership of a plane like chartering a

plane out when you're not using it I

don't expect it to be in that situation

I really don't want anybody else in this

I want this to be mine I want to take

care of it like a baby and I want to

cherish it and uh you know I want to I

want to hoddle this this thing for a

very long time I'm not a plain Trader I

don't really care about the value of the

thing in the meantime it is a tool it's

a utility I'm not looking for a new jet

like I get a new iPhone every year this

is a tool it needs to be a safe Tool uh

as safe as possible one that I feel

comfortable with my family uh riding on

and I'm very excited for what 2023 holds

look 2022 was very difficult I had

personal mistakes that were made I think

I timed my exit of the market very very

well but I was not very good about

re-entering the market so I did great

and then I messed up oh well that's life

I lost friends in 2022 I became somewhat

depressive at times because of the hate

that I received online but despite this

I still managed to launch house hack

launch an ETF ring the Pell at the New

York Stock Exchange become a licensed

financial advisor and launch a new

course on helping people provide value

remember my goal is with my programs on

building your wealth is that if you just

gain one ounce of perspective that helps

you make more money in 2023 it more than

pays for the cost of admission would you

pay once and you get lifetime access to

these courses I really believe that at

the same time I feel really sick right

now still because I'm just getting over

the stomach virus which I got Friday

evening I spent all of Friday night in

the bathroom praying to the porcelain

gods and uh so far I'm tentatively

better though I've had a whole about 10

pieces of cantaloupe and actually

surprisingly one cup of coffee and so

far I'm feeling okay so knock on wood

that tomorrow also be good but that's

why I'm not dressed up like I promised I

would be not trying to make excuses but

I don't feel very good and this is

actually my second time filming this

video because I feel that the second

time around I'm providing a little bit

more of a clear video the last video I

was trying to teach a little bit more

about tax benefits and I think it you

know went over some folks heads and then

and then conclusions were drawn that

shouldn't have been drawn so thank you

very much for watching we'll see in the

next one