I lived in major northern cities for 6 yrs after college.

Have been in Athens GA for almost 3 years.

Have come to the conclusion that the folks in the south are 10x as happy.
A harmless observation, please don’t freak out:

75% of my friends lean democrat. 25% lean republican.

I don’t fully align with either.

But the republicans are 10x as happy / positive.
I grew up in the Midwest. Small town southern Indiana.

In the summer they are as happy as the southerners. In the winter they are still 5x as happy as the city folk.
I have a lot of friends who make $300k+ per year in corporate America.

Generally, they are happy and actually make some time to do stuff.
My friends who make $100-200k in the cities are miserable.

A lot of terrible habits, no time to do anything, grumpy.
The who make $50-100k in the south are happy as hell and are the ones with their shit together. Families. Planned vacations. Golf a few times a month. Church on sundays.
The folks making under $50k are the happiest of the bunch, work hard and play harder, don’t really think about the future, and I think will have a rough go when they’re 50-70 yrs old.
But who knows. Just a bunch of stupid generalizations.

Find a way to be happy and positive my friends.

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More from @sweatystartup

24 Feb
Ever made a lot of money on a deal, etc after you’ve already been pretty well off for a few years?

It’s wild how those closest to you (your wife, kids, family members) don’t really care.

She’s thinking about a date night. They want to go outside. When are you going to visit?
Gotta draw the line somewhere.

Just numbers on a screen at some point.

Focus on what matters!
But the problem:

Your ability to make money grows. Opportunities grow.

Opportunity cost for not working becomes huge.

So the line keeps moving. Further & further away.

And you wake up 60 years old having had a better relationship with the #s on a screen than those around you.
Read 7 tweets
22 Feb
I'm releasing my masterclass next Monday and enrollment will be open for 24 hrs.

nickhuber.podia.com/realestate

Discounting $500 to the first 100 folks with code "TWITTER"- and then the price goes up (forever).

Pumped to put this out into the world!

(you can pay and pre-enroll now)
Who this isn't for:

Those who want to start with no money and get rich in real estate.

Who its for:

Those who have capital or operational chops and want to make real estate a part of their future (through investing with others or doing your own deals).
I will be offering scholarships for students or those without the means to purchase the course.

DM me for more info!

And if this isn't for you - don't worry - I'll continue to post everything I know here on Twitter!
Read 4 tweets
22 Feb
I think the economic situation right now is incredibly difficult for first time real estate investors to navigate.

Ashamed to admit that in a clubhouse room last night I advised a person with $500k liquid that their best course of action might just be to wait.
IMO its a toss up between a roaring few years and a significant pullback.

That + the insanely competitive seller's market means a lot of risk for first-time investors...

Could be stuck holding a so-so asset for a long time w/ little cashflow or appreciation.
The bull case outweighs the bear case...

War time spending, a government that has shown it won't let a depression happen, inflation taking hold, rates likely to stay low.

+ cash printing to the extreme makes our cash less valuable every day.

Get in the game now right?
Read 7 tweets
15 Feb
Flight takes off in 90 minutes.

Ask me anything!
Flight took off. Flew 20 mins. Came back to Atlanta.

Now waiting to hopefully take off to Rochester but it’s a blizzard up there.

But I’m having a better day than this dog i spotted.
Flight cancelled. Voucher for Sleep Inn Atlanta airport. Google reviews are top notch 😂

7:45am flight tomorrow.

Waiting on the shuttle for 45 mins with these poor people.
Read 4 tweets
15 Feb
In real estate, revenue is the risk factor.

Two ways you can use it to your advantage.

A 10% increase in revenue has a much larger impact than you think.

If your expense ratio is 50% and expenses stay constant, your net operating income goes up by 20%.

And since your value is determined by NOI, your building can be worth 20% more money.
And if you have a loan for 75% of the overall value of your property, that 20% increase is all equity.

That gives you 80% more equity.
Read 8 tweets
14 Feb
How to buy a house in a hot market:

Fire your buyers agent (or don’t get one). You’re at a disadvantage with a multi-offer scenario.

Work directly with the seller agent.

Make offer with 2% credit to seller and 1% more commission for the seller agent.
Disclaimer before the buyers agents try to burn me at the stake:

Don’t do this if you don’t know how to represent your own best interests.

But if you know what you’re doing, this is the best way to win the house because it can be $10-30k that isn’t going to your agent.
My FIL has a property under contract in Athens GA under this exact scenario.

4 offers right at $370k. One was ours.

Other 3 had buyers agents.

Seller agent credited 2% ($7400) on top of our highest and best and he made an extra 1%.

We paid less, seller made more.

We won.
Read 6 tweets

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