Elijah writes lets effin go I'm excited to see when Househack buys and where it buys. So I have a House Hack update for you and it's uh I'm not going to go into every single detail, but it's going to be a little bit of of a shocker I Think our goal is not Uh has has been revised? Let's be clear about that. it's been revised uh from from what our initial plans were which was uh, basically by Amazing Properties Huddle and and do what we can to basically expand our ownership of real estate in the style of let's say an Invitation Homes a black stone you name it is something in that direction. What we've actually found is that is uh, that is the low hanging fruit that is potentially the I I mean I hate to say and this is not to be offensive to American homes for Rent or Invitation Homes or whatever.

That's the bare minimum that we're expecting for Househack is is to basically operate like that which those companies trade for two to 2.4 times book depending on on where the stock market is at the time. Uh, you know, House Hack right now is open for investors who are accredited at Uh at a one-to-one ratio, which is basically a massive discount to what what you would normally expect for a uh, a normal sort of real estate holding company. But uh again, we realized that that is the low hanging fruit. Uh, and I'm a I'm a big fan of constantly revising.

Some people like to say flip-flopping I like to say revising and optimizing towards the most profitable structure I Am a massive fan of minimal risk and massive cash flow at businesses cash flow I Want more cash flow and ultimately more cash flow is really, really good for uh for not only the company, but for employees and investors because more cash flow means more company BuyBacks more dividends Warren Buffett Just had a phenomenal piece on how great BuyBacks are for for companies and anybody to riding BuyBacks is uh, you know, either economically illiterate or basically aligned with a political agenda. And so what we've done is we've revised uh, substantially the the upper tier goal of what Househack could achieve. and uh, I'll give a few samples. But basically it starts with the idea of how can you become the essentially Robin Hood of real estate uh, and how or or and put another way, the Vanguard of real estate right? Think of, uh, think of Vanguard as low-cost uh Index Fund investing of your choice.

Think of Robin Hood as a commission free investing into stocks. How can we create that sort of company with House Hack And that starts by buying real estate. but it doesn't have to have to end at buying real estate. So what we finally found is really Us Shopping for Real Estate is just phase one of of essentially our own.

You know, dare I borrow the term from Elon the initial master a plan of a quote unquote of House Hack which if the initial plan is hey, great, you know we raise money one to one. A worst case scenario, we're valued like uh, like the competitors at a at a two, two and a half to one ratio. Wow, that's a 2X one and a half. X right? That's our thesis now.

I Want to be very clear about that. Uh, this is a startup. This video is not a solicitation. You invest in Any startup.

You could lose all your money, right? Things could go wrong. You got to read solicitations before you invest. Don't invest blindly. Okay, all that, we know that.

Okay, I'm just giving sort of my opinion my thesis right now of of our vision. So my vision is that's sort of like again, bare minimum. That's like the low hanging fruit like stuff would have to go really wrong to fail at that. uh to basically fail at competing with The Invitation Homes or whatever because we can buy amazing properties in great areas, manage them relatively easily, and just the equity we build alone should should be very, very valuable.

But we're realizing the systems that we have and the tools that we have or or the the software stack that we're building. Whether that's in Property Management renovation, deal finding, or or even the referral Network for deal finding that we're building out these these the the software stack alone. Not something that you want to become reliant on, right? You don't want to pull off an open door where you blindly hire people to buy stuff off your software stack and then you in like an idiotic way. basically a knock on the door of bankruptcy.

But then again, that's because the risk management policies at Open Door Trash, you know I was just in. Uh, insane. where was I was in? Colorado Springs I Go through an Open Door listing and what do I find I find dead rats find Like let me put it this way, out of the hundreds of homes that I've just been in in the last few months, every single Open Door listing that I've been in, which is probably about 10. every single one of them is trashy.

They're either dead bugs, it's been on the market for six days. Six months, that is. It's overpriced. I've seen dead rats and Open Door listens I'm not making this stuff up.

It's all on video. Uh, you look in, the smoke detectors are beeping or they're throwing on the floor, stuff's broken. Uh, the the upgrades are cheesy and crappy. and and done, it's It's almost like the executives are sitting in their pedestal in some office somewhere at Open Door And and and they're not actually getting on the ground and looking at their properties.

Now that's not to bag on. Open Door Even though that's exactly what really what it is, it's it's to send a message to the CEOs of Open Door that hey, y'all are failing. Maybe what y'all ought to do is wake up a little bit and or go over to view your actual properties and see why they're not selling. See why the book value of your properties is continuously getting written down, And maybe then you'll realize why they're not selling, right? That's that's very important.

So uh, how does how does Househack go from potentially the the bare minimum to using our software stack and and of course, just just hard work and efforts to creating potentially a a, you know, 10 plus billion dollar company, right? I Mean that that's that's the long run goal. How do we turn what we can do at Househack into something that is an order of a magnitude better than uh, what a fundrise could provide or roof stock could provide? How can we provide something that's in a magnitude? uh, a similar to what Robin Hood did for Real Estate or for for stocks and what Vanguard did for ETFs How can we do that for real estate and uh, without without you know, getting too much into the weeds. Because uh, in the next about 60 days we'll be releasing exactly that plan with uh, sort of an outline of exactly, uh, what our plans are and sort of goal dates and such. But um, that's after we get our our sort of green light from the SEC on raising money from non-accredited investors.

Right now, you have to be accredited. We sort of have deadlines at the end of each month for investing that give you more warrants which are like call options on the company, but not technically call options anyway. Uh, like today's February 27th for example, one deadline expires tomorrow uh for for house act. But either way the the goal is how do we go from from basic idea which which we already have clear, uh, clearly established that's that's easy mode to really actually disrupting the real estate space in a way that nobody has before and we think we found the answer to that.

So we're extremely excited about what we can do with outside. And the beauty is to answer the question of oh, where's househack going to buy or what's househack going to buy The answer is probably in the long term, uh, going to be everything and every where Now we'll we'll start slowly. Uh, but the the long-term goal is generating cash flow. not necessarily just uh, you know, buying one area and sit there hold and twiddle our thumbs.

We we think we've discovered a way to generate massive cash flow. Uh, it. which which would enable us to basically create the the Robin Hood of real estate or the the Vanguard you know, ETFs of real estate and and and that that Vision will actually be agnostic of where or what we buy, we could buy anywhere in the United States we could buy. uh, you know, In In we'd have to have a subsidiary do it because of the new rules in Canada but we could buy in Canada We could buy commercial real estate.

We could buy multi-family real estate. It really, the product doesn't matter anymore. It's kind of like, uh, you know, Robin Hood or Vanguard don't tell you what to invest in, They give you the choice of what to invest in and uh, we we have. uh, we have a way to do exactly that.

So that's really exciting because it means you know if if you want to invest in just multi-family There's an opportunity to do that with us. If you want to invest in just High cash flow single family, there's a way to do that. So really, we we're we're rotating from this idea of okay, how sex is just going to buy, you know, 150 million dollars worth of homes. uh and and then we'll sit there and twiddle our thumbs F that that's like to be.

To be frank, that's like bare minimum, right? Uh, that's uh, that's that's the fallback plan. Let's put it that way. Uh, the the grandiose Visions we have are are much stronger and you know I I'm not here to suggest that. Uh oh uh, you know it's a guarantee.

Oh, that's it. We're gonna IPO is a Robin Hood of real estate. There's a lot of work to do and it's going to be very, very, difficult. It's going to require scaling.

uh uh, with with a lot of of smart people and hard-working people, and and the next, the next decade, hopefully less, maybe seven years of scaling will be quite challenging. And uh, it'll be fun. Because we'll we'll be documenting all of that, uh, almost all of that on, uh, on YouTube here. But uh yeah.

So there's a sort of a long answer to where will House Hack be buying It's uh, it's actually really, really, uh, exciting and uh, we can't wait.