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hey make sure to go to hous hack.com

2024 to meet me at the road show it's

going on now what even is a house hack

what is the easiest elevator pitch of a

way to describe house hack and then what

is going on in this photo well first

let's start with a simple elevator pitch

just to make this as simple as possible

imagine house hack is the Robin Hood of

real estate so think fintech think app

think create

of services then imagine mini funds are

like stocks that trade on Robin Hood and

so house hack creates the platform and

stabilizes real estate and creates the

mini funds that can be bought and sold

and invested into individually and house

act does all that with zero fee how does

house hack make money well it buys

broken fix rppers and sells them for a

their market value as verified by an

independent board looking at comps so

now all of a sudden what you actually

have is a very basic concept you have a

fintech where one business is taking

poopy doopy assets and turning them into

quality assets and once they're quality

assets they can be divided up into

little slic people can invest into we

call those mini funds and how do people

invest well they could potentially in

the future use let's say a house hack

software where people can select which

mini fund do I want to invest in or they

just invest directly through their own

broker but the idea is house hack is

creating a way for people to invest in

real estate for zero fee just like Robin

Hood helped people invest in stocks for

zero commissions house Haack is doing

that with zero fees in real estate we're

doing that by getting a good deal on the

buy that's it I think that's an easy

elevator pitch and hopefully makes it a

lot simpler to understand and then of

course that begs the question is well

you know does house hack actually

operate any kind of software and the

answer to that is yes we are not only

building our own property management

Suite because well certainly we talked

about this with our Silicon Valley

friends over here yesterday but think

about this property management company

that uh uh well property management

software company called buildium raised

money at uh a 700 million to over a

billion doll valuation in the Years just

before covid uh with 177,000 properties

using the buildium software we think to

oursel well gosh I mean if we make house

hacks sort of that Robinhood of real

estate we're going to have access to so

much more real estate we'll have cycled

through so much more real estate that we

need to have our own property management

Suite as well and so that is what we're

building we're building our own

management app so that we don't have to

rely on another company and we can build

it out the way we want and then

streamline

exactly how we screen tenants conduct

preventative maintenance and of course

conduct repairs or Renovations on

properties that's all a big deal for us

so uh for us a house hack is really the

start of everything it's the beginning

of everything for making real estate

accessible to normal people uh and when

I say normal people I mean I think most

normal people in the long-term may not

be able to afford a home and I think

that's terrible I think people should be

able to buy real EST state but the

reality is whether it's regulation the

market interest rates qualifying credit

tightness the the BS of uh that you have

to go through with you know inspections

and and viewings and picking a property

and title and inspections and and you

know uh repairs and contractor

negotiations it's a

lot so for us we think at some point the

burden of all of that will just become

too great for people to do and the cost

benefit of it will be less unless people

are getting good deals like wedge deals

but that's hard for a normal family to

to do so a normal family might end up

just renting unfortunately I think we're

going in that direction where less

people will own real estate and so we

want to be ahead of that curve where

we're basically creating the Robin Hood

of real estate that lets people get into

real estate for zero feet but in this

case we're not just trading stocks for

zero fee what we're doing is we're also

creating the product so we're sort of

the service provider hey pick your zero

fee mini fund which real estate

investment would you like you want a

zero fee investment into short-term

rentals want a zero fee investment into

Furniture uh or or furnished rentals

zero fee investment into commercial real

estate Warehouse uh or long-term rentals

whatever obviously right now we're

starting with single families and

multifamilies right we're starting small

and in one part of the country and we're

taking advantage of tax preferred

options like Delaware statutory trusts

which would allow people to 1031 into

our mini funds uh and get essentially

tax preferred yield uh on their

investment now obviously talk to a CPA

about how dsts work but that means you

could 1031 out of real estate you own

and manage and into a zero fee slice of

real estate that we've stabilized that's

really amazing obviously email us at IR

house.com for more information on that

it's a little bit more complicated and

we're just trying to make this as simple

as possible but in the long term that's

the vision is look here we made you a

whole menu of different real estate

options you could choose to invest in

all with zero fee why because you're

just paying fair market value for the

asset well you'd be paying probably fair

market value at any other real estate

investment anyway the difference is

other companies are charging fees now of

course always compare yourself when you

get a subscription agreement go through

it read what the fees are read uh what

what other Investments are charging you

and make a comparison I I you know this

isn't obviously any kind of personalized

advice to tell you how to invest or

whatever it's just simply to show you a

little bit of the vision of house Haack

and I was thinking about this a lot

yesterday after our event I'll play a

little bit of this event uh this was

sack and San Jose H they actually let us

out on the tarmac which was pretty cool

but uh you know we're able to chat and

answer people's questions and uh discuss

everything that people have questions or

concerns or interest about when it comes

to to house hack or investing in house

Haack it's pretty awesome people are

wonderful people have great questions

and it made me think okay there's

there's probably an easier way to

explain uh the difference uh between

house Haack and mini funds so house hack

should be like Robin Hood think like a

growth investment and then many funds

think okay just some slice of a company

or an investment that I can invest into

on Robin Hood so when you go here we'll

do it together we'll pull it up really

quick we'll pull up let's just go uh

we'll go with uh Robin Hood app Robin

Hood app okay great and we'll just grab

some images on Google gole a little

disclaimer here of course so here's

Robin Hood so think house hack is like

the provider of this app but it's also

the provider of the

underlying baskets that you could buy

shares in those underlying baskets are

the mini funds that's the you know

single family Florida fund the multif

family Texas fund whatever and each of

those have no fee to invest in and then

you could Click on each of them and go

do I want to invest in that at that

price you know that fair market value do

I agree that that's the fair market

value whatever and uh and then really

house hack does something that nobody's

done before and they're able to create

this system without having to deal with

real estate commissions between when we

acquire property and roll it to the mini

funds or all of the other headaches so

again very simply house hack we think we

think this is not a guarantee right so

remember an investment comes with risk

and every investment should be uh

preceded by you reading the subscription

agreement or the private placement

memorandum or Frank Frankly both of

those so we think there's Robin Hood

which is like house hack which is

fintech and provider of a zero fee

product and we think of this as also

being able to potentially in the future

license out a property management Suite

like a build DM or our wedge finder

those are all the house tax stack so if

we do a property management play or uh

something with the wedge finder that we

own the wedge finder AI uh those are

things that are all house hack IP and so

that's why we're raising money at $2 a

share which we think aligns with the $2

per Book value that you see at American

homes for rent and Invitation Homes

because that's our bare minimum in my

opinion they're operating real estate

companies okay cool but that's where

they stop so in my opinion so they stop

at $2 a share because they're operating

real estate companies and they grow that

that base of real estate investing

fantastic we're an operating real estate

company that wants to evolve into

basically being this cash flowing fex

stack that's the hope uh is that we can

gain cash flow by Rolling properties

over to the mini funds at a

profit determined by a an independent

majority independent board and then

potentially license some of our property

management software or otherwise in the

future and in the longer term while also

having a platform where people can go oh

yeah yeah yeah I want to invest in that

kind of real estate or that kind of real

estate that kind of real estate so even

though we're we are a real estate

company we buy real estate because we

roll it we're constantly and in

perpetuity buying New Deals we're

recognizing those wedges over and over

and over again see that's one of the fun

things I think about wedge deals is if

somebody gave you $8 million tomorrow

and you found a $10 million deal uh that

you got for eight that means you

profited $ million but what do you do

then you can just sit around and forever

say hey I made 2 million on 8 mil that's

great but you got to be able to repeat

the cycle so how does house hack repeat

the cycle by offering those zero fee

mini funds so that hopefully is a better

primer uh make sure to come to our road

show or remember to mark your calendar

for May 1st for the deadline to invest

in house Haack if you are interested and

of course after you read the

subscription agreement and become aware

of any risks associated with making an

investment thanks so much we'll see see

you soon goodbye 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 PA there financial analyst

and YouTuber meet Kevin always great to

get your

take even though I'm a licensed

financial adviser licensed real estate

broker and becoming a stock broker this

video is not personalized advice for you

it is not tax legal or otherwise

personalized advice tailor to you this

video provides generalized perspective

information and commentary any third

party content I show shall not be deemed

endorsed by me this video is not and

shall never be deemed reasonably

sufficient information for the purposes

of evaluating a security or investment

decision any links or promoted products

are either paid affiliations or products

or Services we may benefit from I also

personally operate an actively managed

ETF I may personally hold or otherwise

hold long or short positions in various

Securities potentially including those

mentioned in this video however I have

no relationship to any issuer other than

house act nor am I presently acting as a

market maker make sure if you're

considering investing in housec to

always read the PPM at house .c