Nick Huber, Sweaty Startup // Deep Inside The Real Estate Game + The Philosophy Of What Matters

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By Bilal Zaidi. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Nick Huber is a real estate entrepreneur, self-storage owner & operator.

His commercial real estate portfolio is approaching $30mil in assets (as of 2021) & he's built a name for himself by championing "sweaty startups" aka unsexy businesses.

Nick has built a 100k following on Twitter by transparently sharing the lessons learned from his time in business & by simplifying concepts in the real estate game.

Let us know what you think of this convo on Twitter: @bzaidi and @sweatystartup

Watch and subscribe on YouTube: https://youtu.be/s9Wgw1GN9-k

After listening to part 1, you'll understand:

  • the equation for getting wealthy in the real estate game
  • the difference between creating vs growing wealth
  • categories of real estate beyond what 99% of people invest in, from self-storage, to cemeteries & tiny homes - you'll learn about niche opportunities with less competition
  • how real estate investors can make millions & legally pay little in taxes with depreciation, bonus depreciation & 1031 exchanges
  • Nick's unique approach to finding upside from day one in commercial real estate
  • why 100% occupancy rates aren't always a good thing & what Nick looks for in deals

In part 2, "behind the mind" (starting at 48min) Nick & Bilal discuss:

  • tribes, relationships & what truly matters in life
  • growing up, dealing with bullying & insecurities
  • choosing who you compete with
  • unique ways to connect with aging parents
  • why having kids is underrated & the importance of a supportive spouse

Timestamps:

  • 00:00:00 Intro
  • 00:03:41 Who is Nick Huber?
  • 00:11:00 What is a Cash-Out Refinance?
  • 00:13:26 Growing Up in a Small, Rural Town
  • 00:14:28 Having A Chip on Your Shoulder
  • 00:18:28 Building vs Growing Wealth
  • 00:20:31 Alpha vs Beta In Real Estate
  • 00:21:02 Initial 700k Nest Egg
  • 00:25:03 Initial Investment - Rule Of Thumb
  • 00:27:25 Real Estate Investing On The Side
  • 00:29:24 Nick's Real Estate Framework
  • 00:33:55 100% Occupancy Isn't Always Good
  • 00:36:45 Zero Income Tax With Depreciation & 1031 Exchanges
  • 00:44:22 Conservation Easement
  • 00:46:35 Real Estate Professional Status
  • 00:47:52 Capital Gains
  • 00:48:32 Part 2: Behind The Mind
  • 00:51:02 Is Chasing Your Passions A Bad Idea?
  • 00:55:35 "I Wanted To Call My Mother And Cry In Her Arms"
  • 00:59:20 Giving Up Is Often The Best Choice There Is
  • 01:01:38 Miami + Austin
  • 01:02:48 "Nobody Cares About You Apart from A Handful Of People"
  • 01:05:23 Google Maps Trick - Connecting With Parents
  • 01:07:20 Dad's Twitter Post Went Viral
  • 01:09:42 Having Kids is Underrated
  • 01:12:29 The Tribe Makes The Place
  • 01:15:04 Virtual Communities
  • 01:19:48 Dealing With Bullying + Racism
  • 01:23:43 The Importance of a Supportive Spouse
  • 01:25:44 Advice For A Successful Relationship
  • 01:28:13 Being An Opportunist
  • 01:31:22 Wrap-Up

64 episodes