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16 May, 4 tweets, 1 min read
If your kid isn’t in the top 1% of sports by 3rd grade stop devoting your life to living vicariously through them.
Ok guys shit on me and nitpick the details if you want.

The point:

Too many parents are WAY to serious about sports and athletic success for their kids because of their own ego.

Stop being selfish. It’s not about you.
It’s obvious I hit a nerve.

Parents who devote thousands of hours and every weekend (and every last dollar in many cases) to sports for their kids are largely chasing an emotional desire.

A selfish, ego related desire.

Just like vanity “new idea” entrepreneurship.
I’m one of the ones who made it (I was a D1 all-american).

Sports are amazing. Problem solving, adversity. Socialization. Discipline.

So many life lessons.

I’m a big proponent of sports.

I’m against the way a lot of parents go about it.

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More from @sweatystartup

Nick Huber Profile picture
17 May
We bought a 30k SF self storage facility in a rural town in December of 2020 for $1,300,000.

It was 100% full. Historical financials were solid: $13k per month every month for the previous 3 years.

First 4 months in the books. Excited about the way this one is performing. Image
A little more color here:

We were all in after closing costs and capex at $1,400,000.

We got a loan for $975k (70% LTV) at 4.25% with 1 yr I/O.

The insurance and property taxes you see here are for the year.

We'll spend about $5,500 a month on average the rest of the year.
Our revenue will average out at about $18,500 per month the rest of the year. Total revenue around $220k on the yr.

Total expenses at $67,800.

Net operating income: $152,200

Interest at $3,450 / month, $41,400 for the yr. Capital reserves of $12,000.
Read 7 tweets
Nick Huber Profile picture
12 May
Closed on a 3-property, 89,582 st portfolio yesterday.

That makes 13 properties and 439,557 sf acquired in the past 9 months.

6 of the 13 were on-market. 7 were off-market.

We've added 8 new employees to our team in that time frame, and we're at 12 total.
Operating fully remote (I've only met 6 of our employees in person).

The total acquisition cost of those 13 properties totals $21MM.

We have another 105,000 sf under contract to close in the next 30 days ($6.7MM) and we're sending offers daily. ImageImageImageImage
We're over $7MM in LP capital raised (90%+ from twitter).

Our deals we closed on months ago are outperforming our projections significantly.

Our stretch goal this time last year (pre-twitter) was $12MM over the next 24 months.

Life comes at you fast. Image
Read 4 tweets
Nick Huber Profile picture
10 May
I've hired over 1,000 people in my career.

I've let go family members and folks who stood up at my wedding.

From part time laborers to executives who help me raise capital for large real estate deals to full time folks in the Philippines.

Here's 10 things I've learned 👇
#1: A unicorn won't walk in the door

If you're looking for someone who cares about your business like you do, you'll never find them because they don't exist.

To succeed you have to build systems so that average folks can thrive.
#2: If you're the bottleneck, you'll never grow (and you'll be miserable)

Most biz owners deal with all the problems. If there is uncertainty it starts and stops with him.

But the successful owners have given their employees the framework on which to make decisions.
Read 12 tweets
Nick Huber Profile picture
9 May
The key to success is about lifting people up, not pulling them down.
Grab a stiff drink, because here comes some truth you don't want to hear.

This life is hard af. Earning money and a career is even harder.

So 95% of people get to 40 years old and are pissed off.
They missed their goals and look at their life wishing they could have done more.

And they see others, a select few, who want more and have accomplished more.

And they try to pull them down to where they are.
Read 13 tweets
Nick Huber Profile picture
7 May
If you are overworked and underpaid at your job it is your fault.

Your boss will abuse you to the extent you allow it to happen.

1. Stand up for yourself

2. Demand a hire and delegate your low value work

3. Quit

You have three options. All are uncomfortable.

It’s on you.
It’s time to take ownership of your work-life balance.

You are most-likely overworked because you’re a poor delegator / communicator.

You have a lot more leverage and control than you think you do.

Especially if you’re a valuable asset at your company.
There are solutions aside from "work harder" and "my boss sucks" and "everyone I know works like this".

Delegation isn't instilled in the mind of employees.

You have to develop it yourself.

Your boss WANTS you to be more productive and add more value.
Read 9 tweets
Nick Huber Profile picture
7 May
I attribute a lot of my success to running every major career decision through this test from age 20 onward:

Which route increases the odds of me being able to do whatever I want with 100% my time when I’m 35 yrs old?
It turns out, when I really did the math, I didn’t need a unicorn startup.

I needed to stash about $1MM (after tax) by 27 and then invest it wisely from there.

Definitely wasn’t going to happen with grad school or law.

And most normal jobs didn’t cut it either.
So I started a small biz with really crappy competition and a sure-bet way to make $250k a year for a few years straight.

The rest is history.

And I achieved my goal 5 yrs early.
Read 11 tweets

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