2 min read
Sources:
Form 1-A, Kevin's account, his own videos
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Short answer
The Form 1-A lists Kevin as a licensed private pilot (2024) with an instrument rating, a multi-engine rating and a single-pilot type rating in the Phenom 300E, all earned in 2025. They appear in the officer biography because they are credentials the founder holds. His account: he trained to scout real estate markets across the country, paid for the aircraft personally with no reimbursement, and no longer flies as a hobbyist because the skill fades without constant practice, so the company flies commercially instead. 12
Private pilot: 2024 (FAA certificate)
Instrument, multi-engine: 2025 (flying in cloud and in twins)
Type rating: Phenom 300E (single-pilot jet, 2025)
Aircraft cost to company: $0 (paid personally, no reimbursement)
The record
The officer biography in the Form 1-A lists a private pilot certificate earned in 2024, and, in 2025, an instrument rating, a multi-engine rating and a single-pilot type rating in the Embraer Phenom 300E, a light business jet. Each is an FAA credential earned through a written exam, training and a checkride with a designated examiner; a single-pilot jet type rating additionally requires type-specific ground school and simulator or aircraft training. 1
Why they are in a securities filing
Regulation A requires a biography of each executive officer. Credentials go in. The ratings sit alongside the securities exams and the broker license as a description of the person running the company, not as an asset of the company.
Kevin’s account
Kevin’s account
Most of my hours were 20- to 40-minute hops between airports, training to be the best pilot I could be, not just logging distance. But if you do not keep up the training pace, piloting is a skill that fades fast. So I no longer fly as a hobbyist. Aviation is a business tool you use only when you are sharp and capable. Otherwise, subcontract it: use a charter company. 2
Kevin’s account
When the company was a startup, I personally paid for all the plane expenses I used to study the country before acquiring the real estate. Nobody says spending potentially $10 million on aircraft was a good decision, but it provided uncompensated value to the startup. Pilot training and Wall Street training both skyrocketed my respect for checklists. 2
The dollar figure is his estimate of his own spending and is not in any filing. What the filings do show is the result: 38 properties at June 2026, bought with no bank debt.
Why a reader might care
The DUI question and the pilot question travel together online, and the answer to the second informs the first. FAA medical certification and checkrides are a standing test of judgment and sobriety. The company does not claim more than that.
In his own videos
Four FAA ratings in two years, paid for by Kevin, used to scout markets, and now retired from hobby flying. Checklists came home with him. 12
Simply put
✅ What the ratings are
➡️ Private pilot: can fly small planes in good weather.
➡️ Instrument: can fly in clouds using only the instruments.
➡️ Multi-engine: can fly planes with two engines.
➡️ Phenom 300E type rating: can fly a specific light jet, alone, without a copilot.
✅ Why they are in the filing
➡️ The SEC form asks for each officer's background. These are credentials, so they are listed.
➡️ He says he used flying to look at real estate markets around the country before the company bought in them.
✅ What he does now
➡️ He does not fly for fun anymore, because a pilot who is not current is not safe.
➡️ The company flies commercial when it needs to fly. Nobody expenses a plane.
Sources
Form 1-A, Directors, Executive Officers and Significant Employees, Kevin Paffrath: “licensed private pilot (2024); instrument-rated, multi-engine and Phenom 300e single-pilot type-rated (2025)” Open the filing
Kevin's account, The pilot: “When the company was a startup, I personally paid for all the plane expenses I used to study the country before acquiring what is now real estate. It provided uncompensated value to the startup.” Read the excerpt
Kevin on YouTube, "why i just sold the jet.." (2025-10-25), at 0:00: “why i just sold the jet..” Watch from 0:00
Kevin on YouTube, "How I Became a LICENSED Pilot in 24 Days (How much it Cost to be a Pilot & PPL Checkride Prep]" (2024-12-25), at 45:33: “you really want to go into your check ride having your student pilot certificate, your medical certificate” Watch from 45:33
Kevin on YouTube, "Air India 171 Questions ANSWERED | Captain Steeeve" (2025-07-13), at 9:45: “I have a first class medical certificate. And you sit down with an aviation rated doctor” Watch from 9:45
Kevin on YouTube, "NEW DATA/FOOTAGE: Amazon Prime Cargo Jet Crash Miami International Airport [N1997A] Air 21 - Overrun" (2026-09-06), at 3:38: “the type of aircraft that I'm rated in, a Phenom 300E” Watch from 3:38
