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

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