Share this page!

Nick Huber Profile picture
Twitter logo
14 Mar, 4 tweets, 2 min read
If I get to 100k followers today I’m donating $5k to @ResidentRelief.

Anybody want to match?
So far we’ve got matches by:

@mike_ivey
@TradesByMatt
@baldridgecpa

Let’s raise some money today! Who else wants in on the fun?
Let’s go!

Thank you everybody.
Anybody in for $2,500??

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Nick Huber

Nick Huber Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @sweatystartup

Nick Huber Profile picture
14 Mar
We’re buying a facility in a few weeks with 900+ paying tenants (950k per year in revenue) organized by hand written ledgers.

No credit cards. 1/3 cash 2/3 mailed check. Every customer has a key to a gate and visits the rental office to lease. No service after 5pm or weekends.
Buying for $9,050,000. $620k of in-place NOI.

Rents are 25% below market. 3 full time employees.

A lot of meat on the bone here!
Just a 70 year old man and woman with 2 kids. No debt on entire portfolio.

Running a business like it’s 1985 for 20 years making great money every year.

About to walk away with $9MM.
Read 4 tweets
Nick Huber Profile picture
11 Mar
A thread on how real estate investors, developers and operators can make millions a year and pay almost nothing in TAXES by using depreciation, bonus depreciation, and 1031 exchanges.

How it works: 👇
Depreciation is the act of slowly, over time, deducting the initial expense of an asset against your taxable income. Generally over a 27.5 (residential) or 39 (commercial) yr time frame. So each year you can write off 2-3.6% of the purchase price against your income.
Thats a big deal. We're buying a new property, a $3MM self storage facility. Thats a $60k a year write off against about $260k in NOI and 200k in cashflow on a $3MM deal.

It makes 30% of our cashflow tax free.

Very powerful but there is much more to it...
Read 19 tweets
Nick Huber Profile picture
6 Mar
Biz idea for scrappy youngster:

Full service beach supplies.

Use an app to load cooler, snack bag, select amount of chairs, type of speaker, number of towels, etc.

Would pay $300 plus to avoid the hour load / haul / setup / tear down.
The real advantage:

You get to avoid parking and all the stress that goes with that. Show up with the cruisers or Uber in.
There is no worse feeling than being half drunk, tired, kids grumpy, and have to tear down the beach setup and throw it over your shoulder to walk a quarter mile.

Then load it up three levels to the condo owners closet.
Read 4 tweets
Nick Huber Profile picture
5 Mar
How to find a great mentor:

Become a person successful people WANT to mentor.
An underrated key to success:

Enthusiasm.
The #1 path to failure among entrepreneurs:

Too many people want to be leaders and not enough folks are willing to do the damn work.
Read 16 tweets
Nick Huber Profile picture
4 Mar
If you raise good kids, handing down assets only helps them have more of a positive influence on the world and live better lives with more opportunity.

If you don’t believe in generational wealth, can you explain to me why?
I strongly believe it’s your fault for not properly communicating and organizing your affairs if your children tear the family apart fighting over your assets.
Wealth doesn’t make people complacent unless they are never taught the value of a dollar or made to work for anything.

Or learned the sense of pride that comes with hard work and accomplishment.
Read 15 tweets
Nick Huber Profile picture
3 Mar
If you wouldn’t pay $10 a month for Twitter, Twitter would probably be a better place without you here.
Looks like I’m going to get brutalized for this take, and I’ll own that.

It was just a thought.

I just think there are a lot of toxic users on Twitter.

And the value for those who use it for news, networking, learning is 10x as valuable as a Netflix subscription.
OK I’ll admit it that was stupid. I probably never would’ve joined Twitter in the first place if it was $10.

But the good thing about this comment is that I was able to block about 50 people who are jerks.
Read 5 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @sweatystartup has new unrolls!

Check out other threads from @sweatystartup!

Read all threads by @sweatystartup