Nick Huber Profile picture
Oct 21, 2020 13 tweets 3 min read Read on X
My most popular tweets on real estate, self storage and entrepreneurship.

A thread...
The key concepts around real estate private equity so you know what the folks in ReTwit are talking about:

My own philosophy on business, opportunity, competition, and why I think the media is leading a lot of folks in the wrong direction:

Back to real estate - how leverage can make you or break you, and quick:

How real estate investors enjoy amazing tax loopholes:

How to leverage twitter to accelerate your career:

How I manage and think about self storage, an example deal:

Why I think holding real estate for a LONG time and focusing on cashflow is the key to long term wealth:

A cash-out-refinance explanation.

https://t.co/siMevoAn3C

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More from @sweatystartup

Jun 26
How to figure out if your business idea is any good in 5 minutes or less:
A while back I had friend in Athens tell me that he wanted to start a house painting business.

We were sitting on my back deck drinking a Keystone light on a random Saturday at about 4pm.

He asked me what I thought.

I went to work.
I typed "House Painting" into Google Maps on my phone.

10 results popped up nearby.

I hit "call" on the first one.

A guy answered on the second ring. He was nice.

He told me he could come to my house anytime on Sunday or Monday to give me a quote.
Read 6 tweets
May 23
How to get rich without getting lucky:
Find a way to make $100/hour doing something simple IN YOUR TOWN.

Do it until you have $10K+ in the bank & you’re too busy to sell new customers.

Hire employees for $20/hr to do what you do so you can sell new customers.
Look at the market unemotionally.

It’s not about you and what you love doing.

Don’t try to reinvent the wheel.

Look at competition as a sign that there is money to be made here.
Read 12 tweets
May 13
The life of an entrepreneur can be brutally difficult.

But nobody talks about it.

Time for a stiff drink and a few words on some of the most stressful periods in my life.
The thing about being an entrepreneur is that there is nobody you can ask for help.

There is no boss you can call and dish off the really hard problems to.
And there is no track-record or “way of doing things” that is proven.

So you have this constant nagging feeling that what I’m doing might not work and I might lose a lot of money.
Read 27 tweets
Apr 17
There are a lot of underrated skills in this world.

Attributes that aren’t openly discussed but are widely shared by the most successful among us.

Here's how you can increase your chances.
Knowing what advice to take (and what to ignore) is a superpower.

My method:

Take it from anyone.

Weigh it according to how happy / successful the giver is.

Put it through my bullshit meter.

Do the work to apply it to my life.

Ignore 75% of it.

Cherish the rest.
Energy and excitement are underrated.

If you aren’t excited, even the most lucrative tasks can seam pointless.

The grass is always greener. Every opportunity has 10 really good reasons why it will fail.

Energy > competence.
Read 11 tweets
Mar 27
A mindset shift that really changed my life:
Walk into every single interaction with the goal of adding as much value as humanly possible.

Don't think about charging money, withholding info, etc.

Prove you know your stuff.

Help in a massive way.

Gain trust. Profit later.
A lot of folks have this mindset of scarcity.

If I give away what I know I’ll lose something and they’ll gain.

Or if someone else makes money, I must be losing money.

The sooner you realize that it’s a plentiful world, everyone can make money and you should share everything.
Read 7 tweets
Mar 20
In 2021, I worked on a career-defining $75M self storage deal that could have generated tens of millions in enterprise value for my company Bolt Storage.

But we lost it to a competitor...

It hurt!

Here's what happened:
The deal was for a 20 property portfolio (750K sq ft.)

The owner's brother-in-law follows me on X.

They wanted to sell their portfolio, so he called me to visit the properties to discuss buying them.

I went & loved the properties. I spent 4 hrs discussing the deal.

Why?
I knew the properties were worth more, especially if my team & I ran them for a few years.

So I talked to a few LPs & bankers to finance the deal, & made an offer (close to their asking price).

I was pumped. The deal would be my biggest & best yet. I thought I had it.

But,
Read 11 tweets

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