The purchase

Kevin’s account

Somebody just listed one on Controller that is one year newer than mine for like $13.2 million. I paid 12.8 for mine. 2

Delivered December 24, 2022, and financed: he said in the delivery video that a plane three million dollars cheaper would have made only about an 11% difference once financing, pilots and engine programs were counted. 1

What the company paid

Kevin’s account

As of today, January 15, after multiple flights to look at real estate, HouseHack has been billed a grand total of zero dollars. 3

The offering circular says the same for the whole period: from January 2023 through October 31, 2025 he provided the aircraft through affiliated entities without reimbursement for travel or operating costs. 5

What it cost to own

His own January 2023 breakdown of the fixed side: about $50,000 a year of recurrent training to keep a type rating, about $50,000 for a hangar, about $40,000 of insurance with two pilots (triple that for a new single pilot), and about $60,000 for an aircraft manager. Charter, by comparison, runs $11,000 to $12,000 an hour on paper and closer to $14,000 once taxi time is counted. 3

The sale

Kevin’s account

I just flipped a $12.9 million jet aircraft for a profit after flying it for my startup and myself for three years and over 800 hours. 4

A resale above purchase is not the same as a profit after three years of costs, and he has not published the full ledger: financing cost, fuel, crew, maintenance and taxes. What he has said is why he sold: the skill fades without constant flying, so the company flies commercial.

From the September 29, 2026 Q&A

Kevin’s account

Kevin purchased N694PP, a 2021 Phenom 300E, for a total price of $12.9 million, with 25% down on non-callable, fixed-rate, fully amortized 20-year debt, which is exactly what Kevin teaches to take rather than variable or callable debt like what JP Morgan was trying to show him. Kevin then went into escrow on the aircraft nearly three years later, with an extra 800 hours on it, for just over $13 million, and the aircraft sold for $12,969,000. Kevin had to pay depreciation recapture on this, and he used the proceeds from the aircraft to pay off his debts and taxes owed. This is not the first time Kevin had to pay depreciation recapture: when he depreciated a Sprinter van for his construction company in 2017, he had to pay recapture too, and therefore Kevin is skeptical when people take on debt to use the Section 179 deduction. 6

So the ledger is now mostly public: $12.9 million in, 25% down, a 20-year fixed loan, $12,969,000 out, depreciation recapture paid, loan retired from the proceeds. Operating costs over the three years remain his estimate from the 2023 cost video.