저자: KevinPaffrath · 외국인
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Kevin Paffrath가 부동산 투자 스타트업 House Hack의 Reg A+ 크라우드펀딩 투자 모집을 발표. 목표 기업가치 10억 달러 IPO를 말하지만 보장 없음을 강조. 1달러=1달러 기업가치 방식, 최대 7,500만 달러 모집 한도 설명. 첫 부동산 매입 사례에서 약 10만 달러 웨지(차익) 기대 언급. 전 과정에서 위험 고지와 투자 전 설명서 확인 권고.
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that's the goal $1 billion a$1 billion IPO valuation on the New York Stock Exchange or daack whoa whoa whoa whoa whoa hold up there listen can't make any guarantees no promises 1 billion could be zero so be clear when I come in I'm going to give you the bad news this is a startup as with any startup you got to put your big boy and your big girl pants off to realize there's risk involved a billion dollars that's a nice goal it's a dream okay you can plan for it you could try but it's not guaranteed now we're not there today that's because today I'm excited to announce we are finally able to accept investments into my startup house hack from all investors and while there are some exclusions which we'll talk about later let me tell you about house Haack and the three promises that I can make first nobody will work work harder than me and making sure that this company is a great success that's your opinion we can't prove that as a fact it's your opinion somebody else might work harder than you second I'm risking the financial stability of my entire family with house hack so I have to make sure this is a success not just for them and my children my wife and the rest of my family but my investors my employees okay look just because you're really committed doesn't mean somebody else should be all in okay everybody should evaluate the risks for themselves number three as promised we are maintaining the $1 equals $1 valuation for the supporters who watch me on YouTube and our course members we're super excited to bring you a very unique offering one1 to1 valuation means every $1 that's invested is the valuation of the company $1 equals $1 of cash that means if we raise $50 million we are worth $50 million there's no dilution for the idea the brand the people the work ethic or anything that we've built so far you're investing at cash value which we think is an incredibly unique opportunity and we're doing it to give back to our community that's great but be clear every time a company has an offering there are offering costs associated with that attorneys want their slice so just because you raised $50 million and then all of a sudden you had $50 million of cash there's going to be a little sliver of that that's going to go to the attorneys you could calculate that all out you should read the offering circular you should understand doesn't mean the company will be left with $50 million if it raises $50 million probably be pretty close though but again read the offering circular to get the details we think it will set house hack up for tremendous long-term success keep in mind though there is a $75 million limit to what we can raise in this route that means once we hit $75 million the round will immediately close this is not up to us we can't change it it is a legal requirement set by the SEC via regulation a crowdfunding laws a Max of $75 million in a one-year time span once we hit that number the round automatically closes yeah that is true that is the statutory limit that is true you can read about that on sec.gov and of course read the offering circular at househ hack.com let let show you everything we can about house hack behind me is a dumpster of one of our first purchases we took a complete hoarding house that needed to close within 2 days otherwise it would go to foreclosure we helped the seller out and now we're going to stabilize the property and bring it to the rental market this property has a model match sales comp for 620,000 we bought this for $475,000 and expect to have over $100,000 of wedge gains in the property the wedge being the difference between how much we're into the deal for with fixup and how much it's worth look you end up with a $100,000 wedge the market goes up 3% on 600 now you got $118,000 wedge but my job is to be the bearer of balance here what if it goes down 3% now your wedge is less than what you thought maybe somewhere closer to 82,000 I mean that still seems pretty good but let's be clear Market fluctuations matter so as an investor the investor has to know that they are investing in a company that also has to evaluate timing because timing could mean prices are going down and you need a bigger wedge to insulate yourself maybe you target $125 or $150,000 wedges or when timing is going up maybe you're a little more aggressive and you target $90,000 wedges uh because you believe there'll be some appreciation but again it's on the investor to believe even the management and the executives of the company now how do we turn that into cash flow once we renovate the properties and then rent them out to qualify tenants and we'll do in-house Property Management to lower our costs we're going to introduce mini funds Min funds are how we expect to roll these properties to institutional investors Pension funds or via exchange freeing up cash flow in other words freeing up the cash wedge without flipping the property will retain management and control of the properties but via many funds we'll be able to generate massive cash flow and with any investment there's risk Kevin here has done wedge deals over and over again he's done construction over and over again he's done Property Management over and over again but mini funds that's where you're getting into the startup aspect of this company all the other stuff building the foundations that's been done over and over again that's maybe not that difficult I suppose it depends on the market but whatever many funds is something new nobody's done that before at least that we're aware of so be aware that that's a plan and that's a goal but it's not a guarantee and cash flow doesn't mean distributions to you as an investor either it means operating cash flow and a company can do whatever it wants with operating cash flow it can reinvest that cash flow to hopefully grow the value of the company it could distribute that as dividends it could do share BuyBacks the company could really do anything it wants and there is no plan with what to do with that operating cash flow at this time if it is generated remember the company might not make any money this is why I think of house hack as the Vanguard of real estate we are buying houses that are distressed unlivable properties and turning them into Min funds that other folks can invest into this generates substantial cash flow for house hack that house hack cash flow can then be reinvested hopefully substantial cash flow but that is not a guarantee we want to make that very clear startups come with risks all right let's see what you got here buy distressed unlivable properties renovate rent manage roll the properties to Min funds reinvest the cash flow okay it's your system got it so what would the math look like well consider this if we buy 500 Properties or a little more than one property per day per year we might be looking at 500times $100,000 wedges that works out to about $50 million of cash flow that house high could generate at some point in the future as we scale the company now obviously some operating expenses will come out of that for our in-house property management but our in-house Property Management might be able to generate Revenue as well and the math there is simple $50 million cash flow 20x multiplier billion dollar those are our goals exactly it's a goal might not get the multiplier might not get the cash flow might not be able to do all the deals a lot of things in involved here in the last 3 weeks we found seven of these wedge deals and we're just getting started this is property number two and as we build strong foundations with our entire house Haack team we expect to be able to scale to multiple properties per day in wedge deals that we turn into mini funds let's take a look at all of the properties now we're at property number three and we just conducted our sewer inspection one of the reasons we carry a sewer inspection kit ladders and all the equipment that we need need for a home inspection is so that we can offer sellers quick closes quick closes and quick inspection time frames get our offers accepted over other competing buyers that provides more value for our investors our employees and our company almost all the way at the end of the driveway now remember we always matterport scan every property that we do so we not only document the before condition and the after condition of the properties but it makes coordinating the work so much easier in fact a lot of contractors will give us better prices because we send them the matterport link they bid off of that and it saves them trips out and measuring now the thing about investing in real estate is you have to know your market so some properties are going to have a pool some properties are not going to have a pool depends on the value you get and in this case a lot so practically how do we actually operate house Haack well remember I started with nothing as an immigrant from Germany my father built a business I watch him buil a business and watched as our family fell apart parents divorced and we lost everything that we built in the com recession then having to start at nothing and when I was graduating high school I became a licensed real estate agent since then I've conducted hundreds of Renovations and finally we are taking these hundreds of Renovations of experience to scale and we're doing it through house hack invest in hous hack today at hous hack.com you're here tomorrow to ring the bell oh congratulations man you have done so much 1.8 million YouTube View viewers people love you people look up to you 13 years ago I stood over there looking at this very door wondering what it would be like on the inside now I have my name on the New York Stock Exchange badge and I can go inside I took my enthusiasm for the market and money and and you'd have my commentary every single day ir it is time to introduce the company introducing house hack invest at scale with me Kevin house Haack is able to raise up to an additional $75 million via this qualified regulation a crowdfunding offer to be eligible to invest you must self-certify that you are not investing more than 10% of your net worth or 10% of your single or joint annual income you could read more about these conditions by searching regulation a requirements se you can invest in a retirement account by emailing us for instructions at ious hack.com or by reading the FAQ at househ hack.com no current stock-based compensation plans exist Kevin paffrath is not currently paid a salary and his car tools and plane are provided by him at no cost and are expected to continue to be provided for as long as possible all investment involves risk and as with any investment you may lose some or all of the principle you invest make sure to read the complete perspectus and summary of risks at househ hack.com or go directly to the sec.gov and search house Haack there can be no guarantee that house Haack ever reaches a $1 billion valuation orever IPOs additionally no liquidity promises can be made Kevin pff's goals are not guarantees and risks such as keyman risk Market risk interest rate risk tenant risk employee risk and many other risks exist there may also be conflicts of interest Kevin paff rat's YouTube Business Financial educ ation Business Financial advisory Services ETF real estate brokerage or other future businesses May indirectly or directly benefit from house hack all right so now you're at the point where you have to make a decision do you invest or on well take your time read the offering circular some people call it a perspectus it's technically an offering circular okay read the offering circular it's important you read it includes things like risks audit AED financials and there will be more audited financials it's something to know this kind of company when it goes through a fundrais like this has its finances audited there is a board of directors that reviews those finances and the SEC requires semiannual updates of these finances so there will be more audited financials which is good the goal here though is to balance the hopes the dreams and the goal of the startup with reality and that is we have no idea what's going to happen and that is why it is important when you invest you invest what you feel comfortable investing something that we don't know if it is going to be stuck in this company for 3 years 10 years 20 years 50 years or forever obviously there are hopes goals and dreams but we have to remember that you should not invest money that you would not not be able to survive from if you no longer had remember these are questions you should review with your financial adviser if your financial advisor suggests you should invest 10,000 20,000 30,00 whatever you want it is ultimately up to you who makes the decision even if somebody else encourages you to invest more or less you have to be comfortable with the investment don't be pressured take your time review the material and ask questions send questions to IR househ hack.com just be patient there are a lot of people sending emails every single day which is good that is the smart thing to do ask questions if you have questions so hopefully this presents a balanced picture of what the company is trying to do and what you should do and you have to ask yourself by investing in a real estate company because maybe you don't think you have enough time or enough money or enough of the credit to be able to do it yourself is this the type of diversification you're looking for it is maybe it's a great addition to your portfolio but ultimately the decision is yours go to house hack.com to learn more
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