The Nick Huber Show

By Nick Huber

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Description

The Nick Huber show is a short-form podcast on real estate, entrepreneurship and wealth. You won't find a lot of long-form interviews or unorganized banter. My goal is to be short and to the point and deliver value as quickly as possible. We'll cover things like terminology, deal overviews, acquisitions, structuring deals, raising money, operations, hiring and more. Nick Huber owns a real estate private equity company (http://boltstorage.com) in the self storage space. He owns 24 properties and over 630,000 rentable square feet in 4 states. He employees a team of 17 individuals and has raised over $10m in outside capital. Follow along and become a better real estate investor. Show notes available at http://sweatystartup.com/

Episode Date
EP 60: Should I hire a buy-side agent in commercial real estate?
08:57

Nick discussed the use of a buy-side agent when buying commercial real estate and also tells you how to have an advantage buying a house in a hot market without a buy-side agent.

 

We're hiring! Visit:

https://sweatystartup.com/hiring

 

Check my free resources about Real Estate: https://sweatystartup.com/courses/

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

Join the Real Estate community here: https://sweatystartup.com/rec

 

Special thanks to the sponsor: https://junipersquare.com

 

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

 

Have some questions? Send me an email and I'll feature you in the next episode: nick@sweatystartup.com

Aug 12, 2022
EP 59: Management fees and why building a sustainable management company is important
12:15
Aug 02, 2022
EP 58: How to raise good kids, get good advice, and protect yourself from real estate bankruptcy
22:00

Nick discusses raising good kids and how hard it can be when striving to earn generational wealth, how to protect the downside in real estate, and how to think about advice you get through the lens of the person giving you the advice

 

We're hiring! Visit:

https://sweatystartup.com/hiring

 

Check my free resources about Real Estate: https://sweatystartup.com/courses/

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

Join the Real Estate community here: https://sweatystartup.com/rec

 

Special thanks to the sponsor: https://junipersquare.com

 

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

 

Have some questions? Send me an email and I'll feature you in the next episode: nick@sweatystartup.com

Jul 28, 2022
EP 57: Sharing my operations, deal sourcing and more!
15:53

Nick answers questions about his operations, underwriting, deal sourcing and more!

 

We're hiring! Visit:

https://sweatystartup.com/hiring

 

Check my free resources about Real Estate: https://sweatystartup.com/courses/

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

Join my Real Estate community here: https://sweatystartup.com/rec

 

Special thanks to the sponsors:

https://junipersquare.com

https://recostseg.com/

 

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

 

Have some questions? Send me an email and I'll feature you in the next episode: nick@sweatystartup.com

Jul 21, 2022
EP 56: Self storage and real estate market update - Nick’s data points from his portfolio
11:38

Nick shares current data points from his portfolio from a rate and rental perspective as well as anecdotes from brokers and what they are seeing in the market.

 

We're hiring! Visit:

https://sweatystartup.com/hiring

 

Check my free resources about Real Estate: https://sweatystartup.com/courses/

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

Join the Real Estate community here: https://sweatystartup.com/rec

 

Special thanks to the sponsor: https://junipersquare.com

 

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

 

Have some questions? Send me an email and I'll feature you in the next episode: nick@sweatystartup.com

Jul 12, 2022
EP 55: Nick’s journey and how he got started in real estate
28:10

Nick tells the story of how he started his first moving company and how it lead to doing his first deal. Listen to the whole episode to find out more!

 

Check my free resources about Real Estate: https://sweatystartup.com/courses/

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

Join the Real Estate community here: https://sweatystartup.com/rec

 

Special thanks to the sponsor: https://junipersquare.com

 

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

 

Have some questions? Send me an email and I'll feature you in the next episode: nick@sweatystartup.com

 

Jul 04, 2022
Ep 54: What the fed rate increase means for real estate investors
20:16

I've talked to a lot of smart people this week. Folks worth tens of millions of dollars and with a lot of real estate. None of them know what is going to happen. Neither do I. This episode is an overview of where my head is at right now when it comes to risk and planning and the actions we're taking inside our real estate firm. Listen to the whole episode to find out more!

 

Check my free resources about Real Estate: https://sweatystartup.com/courses/

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

Join the Real Estate community here: https://sweatystartup.com/rec

 

Special thanks to the sponsor: https://junipersquare.com

 

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

 

Have some questions? Send me an email and I'll feature you in the next episode: nick@sweatystartup.com

 

Jun 20, 2022
EP 53: Starting a real estate firm is different than scaling a real estate firm
11:53

Nick discusses the difference in mindset and skillset it takes to start a real estate company vs grow and scale a real estate company.

 

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

 

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Jun 14, 2022
EP 52: What is the key to scaling a real estate portfolio?
11:59

I'm going to share how I scale my business and the secret sauce of how to close a lot of deals. The 3 hard parts in Real Estate and more in this episode! 

 

I want to answer your questions! Email me at nick@sweatystartup.com

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

 

 Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Jun 06, 2022
Ep 51: Why real estate should be the end goal for every entrepreneur
21:21

A lot of people tried to do real estate without even have a proper cash stored or saved. That's why it's important to start some kind of business first to generate your initial cash to use for your first deal. In this episode of Nick Huber Show, I'm sharing why real estate should be the end goal for every entrepreneurs. Enjoy!

 

 

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

 

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Jun 03, 2022
EP 50: How to be a good LP investor
13:09

This is a highlight from the previous episode where a caller asked about how to plan strategically in an uncertain market where interest rates are raising up. Find out more in this exciting episode!

 

Let's have a talk! Call and ask me some questions using Callin app. Follow me @sweatystartup.

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

 

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

May 23, 2022
EP 49: Finding true market rent and how to drive huge revenue
41:59

I share my strategy on how I find true market rent and what's the best qualities for a real estate operator to succeed in this business!

 

Let's have a talk! Call and ask me some questions using Callin app. Follow me @sweatystartup.

 

Timestamp:

01:05-02:00 personal life update


02:00-14:00 finding true market rent


14:00-19:20 What bolt storage is good at - Revenue Management


19:20-23:03 How to spot your first deal


23:03-26:40 Should you be 100% occupied in Self Storage?


26:40-29:22 What are the best operators do?


29:22-40:54 1st caller - How to be a good LP investor?

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

 

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

May 18, 2022
EP 48: Interest rates, Real Estate and Tax Q&A
28:07

As the interest rates go up, we will never know what comes next. Join me as I answer questions about real estate, small business, how to handle tax & more in this exciting episode.

 

Let's have a talk! Call and ask me some questions using Callin app. Follow me @sweatystartup.

 

Timestamp:

00:00-00:59 Life Update


00:59-03:59 Q#1 What are you making sure that it's included in the contract when you're getting a loan from the bank?


03:59-09:53 Q#2 How do you navigate in this uncertain situation in real estate?


09:53-11:38 Q#3 Should I follow your strategy and build a private equity shop?


11:38-14:05 Q#4 What to look for a CPA?


14:05-18:42 Q#5 What to focus on as an LP?


18:42-21:04 Q#6 What kind of small business that is good to acquire right now?


21:04-25:57 Q#7 Is Landscape business good?

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

 

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

May 12, 2022
EP 47: Live discussion with Nick - getting started, my personal goals, building my business
39:22

Nick takes live calls and answers questions on the following topics: when to buy a house, what interest rates will do to real estate, how much cash you need to invest, when to hire that first employee and what to do if you have a subpar employee. This is a fun episode! I hope you'll enjoy!

 

Timestamp:

00:00 - 04:07 Business & Life Update


04:07 - 05:16 Q#1 What would be my lucrative business in five years?


05:16 - 06:15 Q#2 If I enter into fitness space, what business would I start?


06:15 - 08:44 Q#3 What industry in the real estate sector hold up best to what is coming?


08:44 - 10:17 Q#4 What better year to buy a single family house?


10:17 - 11:10 Q#5 How do you take away work from someone you delegated work to without killing their confidence?


11:10 - 12:45 Q#6 What ideas do you believe that most others dont?


12:45 - 15:30 Q#7 What are your life goals at this stage?


15:30 - 16:45 Q#8 Thoughts on Fundrise?


16:45 - 17:13 Q#9 Who's the best Self-storage syndicators right now?


17:13 - 19:00 Q#10 How do I get started in commercial real estate? How much cash do I need?


19:00 - 19:47 Q#11 Do you worry about funds before or after you get a property under contract?


19:47 - 21:18 Q#12 How does the founder know when its time for her/him to stop being responsible for cx inquiries?


21:18 - 21:48 Q#13 What keeps me up at night?


21:48 - 24:45 Q#14 How do you deal with an employee whos not an A player in a labor market which their replacement isn't easy to find within a month or two?


24:45 - 26:38 Q#15 Have you ever looked into putting solar on your Self storage facility, If you haven't, why not?


26:38 - 29:02 1st Caller - If some one is new to investing and has $125k to invest, what would you recommend?


29:02 - 37:12 2nd Caller - If I'm bringing $500k to put in a deal, what size should I be focusing on and what technology should I utilize?

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

 

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

May 04, 2022
EP 46: Balancing business and life, hobbies, relationships
51:26

Over the last 12 months my business had grown by 400%, I’ve had my third child and I’ve gotten serious about golf. In this episode I discuss balance in life and why its important.

 

Timestamps:
00:00 - 02:34 Life & business updated.


02:34 - 03:51 My only role in my business.


03:51 - 06:17 My daily routine and why we pick Athens as our residence.


06:17 - 08:16 Making friends is a work but it's worth it.


08:16 - 12:17 Fist Caller: About how to balance College while Developing a career in Real estate.


12:17 - 13:47 Second Caller: How to do I find deals?


13:47 - 18:50 Third Caller: Are you still taking loans from the bank?


18:50 - 21:54 Fourth Caller: What are some subtle distractions that hinder you from achieving your goals?


21:54 - 28:10 Fifth Caller: What keeps you motivated?


28:10 - 33:15 Sixth Caller: How to build an awesome community?


33:15 - 39:32 Seventh Caller: *Talks about golf*


39:32 - 49:16 Eight Caller: *Talks about Track & Field and Family*

 

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

 

Apr 27, 2022
EP 45: The tax advantages of real estate with Nick’s CPA Mitchell Baldridge
54:09

In this episode of The Nick Huber Show. Nick and Mitchell discuss the main tax advantages of real estate - bonus depreciation, 1031 exchanges, opportunity zones and how to hire an accountant to help you manage your tax strategy. This is awesome stuff! I hope you enjoy!

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

 

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Apr 20, 2022
EP 44: Self storage operations, acquisitions, risk and predictions
43:08

In this episode of the Nick Huber Show, we're back answering questions at Callin. I share my thoughts on interest rates, acquisitions, risk, predictions and more!

 

Follow me and ask me anything on Callin: @sweatystartup

 

 

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec Twitter Growth Mastery Course: https://sweatystartup.com/twitter Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Apr 11, 2022
EP 43: Real estate company operations with Nick’s partner Dan Hagberg
41:44

In this episode of the Nick Huber Show, I sit down with my business partner Dan Hagberg and we talk about how to be an effective business owner through delegating and everything about our real estate company operations. 

 

Follow me and ask me anything on Callin: @sweatystartup

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

 Special thanks to the sponsor: https://junipersquare.com

Check my Masterclass here: Nick Huber (podia.com)

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Apr 06, 2022
EP 42: The true cost of a paid off house
08:36

A friend of mine recently ask me a question that is really vital to understand the answer if you are in the Real Estate business. In this episode of the Nick Huber Show, I'm answering that question and what really is the true cost of a paid off house. Listen to today's episode and find out more!

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Mar 28, 2022
EP 41: Self-storage insights, Cancel Culture, Remote Labor, & Sweaty Startups with the Fort Capital founder Chris powers
01:07:35

Chris Powers, founder of Fort Capital, is back in this exciting episode! But this time, I'm the one that got invited in his podcast. We talk about starting business via the sweaty way, hiring and managing remote labor, and my Self-storage business update.

 

Follow Chris on Twitter: www.Twitter.com/FortWorthChris

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/


Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

 

Mar 21, 2022
EP 40: Self-storage investing in 2022 with Alpha-Bets PT. 2 | The Nick Huber Show
14:32

In this episode of the Nick Huber Show, I sat down with the guys at Alpha-Bets and talk about everything self-storage. 

 

This is part 2 of a 2-part exciting episode with Nathan Worden, Ross Klein, & Pat Connolly where we talk about my value add to the self-storage industry, how to thrive in competition, how to have abundant mindset and more!

 

Follow Alpha-Bets: https://bit.ly/3sJHiRP

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

 Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Mar 14, 2022
EP 39: Self-storage investing in 2022 with Alpha-Bets PT.1 | The Nick Huber Show
09:58

In this episode of the Nick Huber Show, I sat down with the guys at Alpha-Bets and talk about everything self-storage. 

 

This is part 1 of a 2-part exciting episode with Nathan Worden, Ross Klein, & Pat Connolly where we talk about why do investors love self storage, my strategy and more!

 

Follow Alpha-Bets: https://bit.ly/3sJHiRP

 

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

 Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Mar 07, 2022
EP 38: Acquisition Strategies, our 3 highest-leverage activities and more with Chris Powers - Part 2 | The Nick Huber Show
26:30

In this episode of The Nick Huber Show, I sit down with Chris Powers of Fort Capital who specializes in industrial real estate in the Dallas Fort Worth area.

This is the part 2 of the 2-part exciting webinar session that I had with Chris. We talk about our acquisition strategies, our 3 highest-leverage activities in our business, and many more!

Follow Chris: @fortworthchris

I apologize for Chris' audio. I'll double check next time to deliver quality and valuable content next time!

Subscribe to my newsletter and get updates on the next live webinar! Click here: https://sweatystartup.com/onboarding/

Read the full show notes here: https://sweatystartup.com/the-nick-hu...

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

 

Feb 28, 2022
EP 37: Lessons learned, when to sell, GP fees, mistakes and more with Chris Powers
36:42
In this episode of The Nick Huber Show, I sit down with Chris Powers of Fort Capital who specializes in industrial real estate in the Dallas Fort Worth area.
 
This is the part 1 of the 2-part exciting webinar session that I had with Chris. We talk about current events, highlights of our acquisition process, the market for GP and many more!
 
Subscribe to my newsletter and get updates on the next live webinar! Click here: https://sweatystartup.com/onboarding/
 
Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/
 
Special thanks to the sponsor: https://junipersquare.com
 
Join the Real Estate community here: https://sweatystartup.com/rec
 
Twitter Growth Mastery Course: https://sweatystartup.com/twitter
 
Want to hire me as a consultant? Click here: https://sweatystartup.com/storage
Feb 21, 2022
EP 36: GET RICH the sweaty way w/ Dave Lee | The Nick Huber Show
01:03:38

In this episode of The Nick Huber show, I sat down with Dave Lee (@heydave7 ), an investor and influential content creator on personal finance and money growth space, to discuss how to start a business and make $1000 in the first month, spotting opportunities, objections to getting dirty, and generational wealth. Find out more in this episode!

Check Dave on:

Twitter: https://mobile.twitter.com/heydave7

YouTube: https://www.youtube.com/c/DaveLeeonInvesting/

 

Idea generation: https://sweatystartup.com/idea-generation-101

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/ 

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Feb 14, 2022
EP 35: State of the self storage and real estate market - Feb 2022 | The Nick Huber Show
10:06

In this episode of the Nick Huber Show, I share my thoughts on the state of the self storage and real estate market in 2022. As the Fed is about to raise interest rates, shall we worry those who are in the real estate markets? What's my goal this year and More in this episode!

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Feb 07, 2022
EP 34: All about acquisitions in Ask Me Anything with April MacLean
37:19

In this episode of the Nick Huber Show, we are going to talk about acquisitions both online and brick & mortar. I'm joined with April MacLean, Senior Community Manager at Hubspot to talk about local business and more!

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Jan 31, 2022
EP 33: The most important TAX LOOPHOLE IN REAL ESTATE - cost segregation and bonus depreciation
13:55

In this episode of the Nick Huber Show, I'm going to share the most important tax loophole in Real Estate. We're specifically going to talk about cost segregation and bonus depreciation. Well known Real Estate people saved a lot of money because they know this. Find out more in this episode!

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

My recommended cost segregation guy: Wes Mabry's Twitter: @1245consulting

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Jan 24, 2022
EP 32: Interest rates, 2022 predictions and more with Chris Powers | The Nick Huber Show
52:04

In this episode of The Nick Huber Show, I sit down with Chris Powers of Fort Capital who specializes in industrial real estate in the Dallas Fort Worth area.

As a mentor of mine, I have learned so much about what I do within the real estate private equity investing industry, and as we talk about Real Estate in 2022, Interest Rates, Cryptocurrencies, and much more, I hope you see the value this conversation has to offer.

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Jan 17, 2022
EP 31: Nick and Keith Wasserman - Real Estate Discussion | The Nick Huber Show
48:24

Keith Wasserman (President & Co-Founder, Gelt Inc.) joins me in this episode for an unscripted exciting discussion about our companies' 2021 year end review, future of real estate, advice on debt and more!

Read the full show notes here: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Want to hire me as a consultant?

Click here: https://sweatystartup.com/storage

#KeithWasserman #NickHuber #RealEstate #SelfStorage

Jan 10, 2022
EP 30: 2021 Year in Review and 2022 Goals | The Nick Huber Show
26:43

In this episode, I’m going to share the 2021 annual update of my business. What ended up happening this year is quite mind-blowing. From 7 properties in 2019 to 42 properties by the end of 2021. We now have over a million square feet of storage this year 2021. 1,086,000 sqft and acquired $50,011,000 worth of storage. Total of 32 properties acquired this year 2021 alone.

Find out more in this episode!

Listen to other streaming platform:

Apple podcasts: https://apple.co/3r9O5BW

Spotify: https://spoti.fi/2Ta5IoC

Show notes: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Twitter Growth Mastery Course: https://sweatystartup.com/twitter

Jan 03, 2022
Here's why I wouldn't sell my Twitter account for $1 million
04:54

I am excited to share an awesome news! If you're looking for a master class on how to grow your Twitter this 2022, you don't want to miss this!

My course on how I got over 100k followers in 10 months on Twitter is now officially LAUNCHED!

My Twitter course link: https://sweatystartup.com/twitter

Join our Real Estate community: https://sweatystartup.com/rec

Follow my Twitter: https://twitter.com/sweatystartup

Dec 29, 2021
EP 29: The truth about real estate wealth | The Nick Huber Show
09:28

In this episode of the Nick Huber Show, we're talking about what most people get wrong in building wealth through real estate. But in my real estate journey, I notice a common theme among the people who get very wealthy doing real estate, it's so obvious that you might not think about it but it's entrepreneurship.

Find out more about the truth in REAL ESTATE WEALTH building.

Show notes: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Want to hire me as a consultant? Click here: https://sweatystartup.com/storage

Dec 27, 2021
EP 28: Building a sustainable real estate private equity business | The Nick Huber Show
23:34

In this episode, we're talking about a good friend of mine who made a tweet and he's not here to defend himself. I disagree with the tweet, and I know there's tons of nuance and we'll tease it out here. Before I begin, this conversation is directed at people who raise $300,000 to $5 million, maybe $50 million a year on separate deals. This is not directed at Institutional Capital. If you work for a big private equity shop that raises three, four, $500 million a year, none of this applies to you. This applies to the person who's trying to raise money for the very first deal.

Find out more in this episode how to build a sustainable Real Estate Private Equity Business!

Show notes: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Dec 20, 2021
EP 27: How my company is structured | The Nick Huber Show
10:30

In this episode, I'm going to talk about how my company is structured and and the progress we made since me and my partner Dan started this business. 2021 is ending but we're still closing deals in the next 5 weeks.

 

Find out more in this episode!

Show notes: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

Dec 13, 2021
EP 26: Building in public, growth, and Twitter Mastery with Moses Kagan | The Nick Huber Show
44:57

This episode is from my keynote speech from Re-convene: In conversation with Moses Kagan. We discussed my journey from my early years how I started my Pick-up and Delivery service to now owning a Real Estate Private Equity company. I shared a lot of valuable insight in this episode so I hope you'll enjoy!

Visit the website of Moses' event: re-convenela.com

Check out and follow Moses on Twitter @moseskagan

Listen to other streaming platform:

Apple podcasts: https://apple.co/3r9O5BW

Spotify: https://spoti.fi/2Ta5IoC

Show notes: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community here: https://sweatystartup.com/rec

 

Dec 06, 2021
EP 25: What's your definition of success? | The Nick Huber Show
12:05

What is your definition of success? For me, my definition of success is money in the bank. Because money, in my opinion, is a direct reflection of how much value you've added to the world. But as I've gotten older, I consider success a happy life. I consider success a balanced life where you're not just a good business person, but you're a good family member, husband, father and you are healthy, both physically and mentally.

Find out why having a right definition of success is important in this episode.

Nov 29, 2021
EP 24: Impostor syndrome and the fear of failure | The Nick Huber Show
15:40

18 months ago, we just had six properties worth about $5 million, and by January 15, we'll have 1.2 million sq ft across 47 properties and 9000 units. We have deployed $77 million to acquire all the assets, $26 million of cash. Life is going so fast, but I would be lying to you if I didn't tell you that there's a lot of insecurity when it comes to this stuff. In this episode of the Nick Huber Show, we will talk about how to deal with Impostor Syndrome and overcoming fear.

 

Special thanks to the sponsor: https://junipersquare.com

Join the community: https://sweatystartup.com/rec

 

Nov 22, 2021
EP 23: The dangers of building in public | The Nick Huber Show
14:34

I'm about to tell you a story that if you're out on social media, you probably won't care much for it. And if you're considering getting on social media, something you need to be aware of and frankly, it's the main reason why most people do not get involved in social media. Building in public comes with its own risks, it comes with its own downsides, and I don’t discuss them enough but that’s what we’ll be going to talk about in this episode.

Find out what are the dangers of building in public in this episode!

Listen to other streaming platform:

Apple podcasts: https://apple.co/3r9O5BW

Spotify: https://spoti.fi/2Ta5IoC

Show notes: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community: https://sweatystartup.com/rec

Nov 15, 2021
EP 22: Q3 Self Storage Results - Mind blowing numbers | The Nick Huber Show
19:16

In this video I discuss three things:

1. What keeps me up at night

2. Update on my portfolio

3. Break down of REIT's 3rd quarter earning call

Definitely an exciting episode!

Find out more about the Q3 Self Storage results in this episode!

Listen to other streaming platform:

Apple podcasts:

https://apple.co/3r9O5BW

Spotify: https://spoti.fi/2Ta5IoC

Show notes: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the Real Estate community: https://sweatystartup.com/rec

Nov 09, 2021
EP 21: How to manage risk in real estate | The Nick Huber Show
11:10

In this episode, I'm going to talk about a couple of things that we've done and a couple of things that maybe you can do to manage risk. First things first, there are levers in real estate that are in your control, and there are levers in real estate that are outside of your control. Outside of your control levers includes, supplies to be delivered, interest rates when refinancing, and who’s going to buy my asset five years from now, etc. Those are all things that are outside of my control. I can't control interest rates, I can't control cap rates, and I can't control what somebody else is willing to pay for my asset. How can I minimize the effect of those while maximizing the things that I can control? So, what I do in my portfolio is I focus on minimizing the things outside of my control that I need to go right. I'm going to talk about a couple of things that we're doing inside of our portfolio to minimize risk.

Find out more how to manage risk in Real Estate in this episode!

Nov 01, 2021
EP 20: What people don't understand about real estate | The Nick Huber Show
14:05

In this episode of the Nick Huber Show, I'm going to talk about what you need to understand in real estate that so many beginner investors and others don’t get. This concept has a large relationship between my Sweaty Startup philosophy and why I love real estate: 

 

Most people that find their way into investing in real estate start out doing something sweaty, boring, and non-revolutionary; they do something common uncommonly well:


Many of these real estate investors begin gaining their original investment capital in a business that already exists. They find a way to do something a little bit better and they carve out a piece of the pie. Their startup isn’t glamorous, sexy, or life-changing to society. They don’t let themselves get emotionally attached to their business idea and, generally, they aren’t jumping into an industry that takes a lot of initial risk. They go out, sell themselves, and provide a product or service to an already existing market. They start!

 

Find out more what people don't understand about Real Estate in this episode!

Oct 25, 2021
EP 19: How much money does a self storage facility make? DEAL BREAKDOWN | The Nick Huber Show
13:12

This episode is a deal breakdown of a self storage facility we purchased at the end of 2020 for $1.3 million.

Youtube video with images: https://youtu.be/YrQdX3XCKTs

Oct 18, 2021
EP 18: Negotiate the best LOAN terms | The Nick Huber Show
13:02

So today's topic is just a quick tip on leverage, on debt, on dealing with your banker because, in this competitive environment, interest-only periods are key. When you're dealing with a local banker, they're probably going to want to put your first deal on a 20-year amortization schedule with no interest-only. Meaning right off the bat, you pay principal and interest, and this crushes cash flow.

Learn how to negotiate the best loan terms in this episode!

Listen to other streaming platform:

Apple podcasts: https://apple.co/3r9O5BW

Spotify: https://spoti.fi/2Ta5IoC

Show notes: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Join the community: https://sweatystartup.com/rec

Oct 11, 2021
EP 17: How much is a storage facility worth? | The Nick Huber Show
26:19

In this episode of The Nick Huber Show, I was invited to sit down with the guys from Acquisitions Anonymous run by great entrepreneurs, in their podcast, Michael Girdley, Mills Snell, and Bill D’Alessandro talk about and break down businesses that are for sale, evaluating if they’re a good investment or not. We tackle a self-storage facility deal in this episode and discuss if it's a yay or a nay.

 

Find out more how much is a storage facility worth in this episode!

 

Show notes: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Oct 04, 2021
EP 16: How to buy real estate in a frothy economic environment | The Nick Huber Show
06:49

Just a brief episode this week on The Nick Huber Show, but I want to talk about how the market is changing - about how I'm looking at risk, debt, and my acquisition strategy. One of the things that I took away from that conference that I went to was a question that I had for a lot of very successful investors there: “How are you doing business in this market?” I asked this because the ability to buy real estate today, there’s a drastic difference in the economic environment that we're operating in now than there was a year ago.

Special thanks to the sponsor: https://junipersquare.com

Join the community: https://sweatystartup.com/rec

 

Sep 27, 2021
EP 15: Property Management - The X Factor | The Nick Huber Show
09:30

In this episode of The Nick Huber Show, I want to talk about property management. This isn’t necessarily real estate for beginners, but with that being said, it is something that you need to keep in mind when asking yourself “how to get started in real estate.” It is misunderstood by so many folks, especially beginners, that when looking at a property listing that's for sale on LoopNet or through another local broker, the first thing you go to is how it's underwritten - the little details line by line. You look for an answering service, any employees who stop in to check on your facility, etc. That is often what happens when it comes to property management. Now if I’m being completely honest, I recommend starting out with you being that part-time employee, and you being that answering service, and as you grow, you learn how to hire the right kind of employees. As you build out your real estate portfolio, naturally you’ll learn the importance of property management.

 

Find out more on this episode the X factor in real estate!

 

Listen to other streaming platform:

Apple podcasts: https://apple.co/3r9O5BW

Spotify: https://spoti.fi/2Ta5IoC

Show notes: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

 

Sep 20, 2021
EP 14: How successful people think - Capital Camp 2021 | The Nick Huber Show
18:40

I attended a conference last week called Capital Camp in Columbia, Missouri. This is by no means a promotional ad for that conference, but I walked away with a clear head and some amazing insights into my strategy, my mindset, and how I manage the emotions and ego every entrepreneur deals with, especially with the Sweaty Startup Podcast and The Nick Huber Show. Everything was organized by my friend, Brent Beshore, and his partner Patrick O'Shaughnessy, both extremely accomplished investors. Just to give you an idea of the caliber of what I’m talking about, the average net worth of this conference was probably $10 million, roughly 280 attendees, and if I’m willing to bet, there were eight or nine billionaires. In short, there were a lot of bad-ass people that I had the opportunity of being around.

 

Find out more how successful people think in this episode!

 

Join the community: https://sweatystartup.com/rec

Special thanks to the sponsor: https://supportshepherd.com

Sep 13, 2021
EP 13: How I lost a $75 million real estate deal | The Nick Huber Show
08:26

So an update in my world... You can't win them all. I always try to, but sometimes even with the best real investment strategies, you’ll still lose. Recently, I was chasing the deal of my career. It was a 20 property portfolio in the Midwest in a major metro area of over 750,000 sq ft. Worth $70 million acquisition price, I was eager to meet the owner right away. Conveniently, the owner’s brother-in-law follows me on Twitter, which is how he found me, and out of the blue he calls, asking me to sit down and visit to discuss the deal. So, I went to his office, met him, drove around a couple of his properties that were within a three-hour radius, and spent about 4 hours discussing with him and his business partner what they’d want. Everything sounded promising and the benefits were going to be phenomenal... so I thought.

Find out more how I lost a $75 MILLION REAL ESTATE DEAL in this episode!

Apple podcasts: https://apple.co/3r9O5BW

Spotify: https://spoti.fi/2Ta5IoC

Show notes: https://sweatystartup.com/the-nick-huber-show/

Special thanks to the sponsor: https://junipersquare.com

Sep 06, 2021
EP 12: How to close a real estate transaction like a professional | The Nick Huber Show
10:49

If you are going to build a real estate private equity company and become an expert in this market, then closing your deals in a professional manner is a must. With every property we buy, we have 2 sections – before the close and after the close.

 

Find out more how to close a real estate transaction in this episode!

 

Join the community: https://sweatystartup.com/rec

Special thanks to the sponsor: https://Junipersquare.com

Aug 30, 2021
EP 11: Raising Money - One Big Check or A Lot of Small Checks | The Nick Huber Show
09:10

Let’s talk about partners--those who invest in real estate deals. A sponsor, like me, deals mostly with investors, and if you listen to Episode 3, you’ll understand the relationship between General Partners (GP), or a syndicator, and Limited Partners, or investors. When you ask the question of how to invest in real estate with no money, as a syndicator you have two routes you can head towards. One is to have a couple of high-network individuals that write rather large checks for you to grow, or two, raise smaller checks and smaller amounts of money from larger pools of investors, both of which are effective real estate investment strategies.

 

Join the community: https://sweatystartup.com/rec

Special thanks to the sponsor: https://junipersquare.com 

Aug 23, 2021
EP 10: How to get a job at a Real Estate firm | The Nick Huber Show
10:35

If you’ve ever asked yourself how to start investing in real estate, for starters, you need to get around people doing what you’re wanting to do. One way to go about this is to get a job, and I'm going to tell you how to get one at a real estate private equity company. I’m also going to share with you what I look for when hiring, and when you’re at that point you can know who to hire for your own company.

 

Find out more in this episode how to get a job at a Real Estate frim!

 

Apple podcasts: https://apple.co/3r9O5BW

Spotify: https://spoti.fi/2Ta5IoC

Show notes: https://sweatystartup.com/the-nick-huber-show/

Join the community: https://sweatystartup.com/rec

Special thanks to the sponsor: https://www.supportshepherd.com/

 

Aug 19, 2021
EP 9: How to get started in real estate | The Nick Huber Show
15:07

This is the podcast for real estate investors because nowhere else will you get a straightforward and honest discussion about everything surrounding real estate investments. People always ask: “how do I get started in real estate investing?" and my initial reaction is how much cash do you have? Because most people's mistake is that they don’t accumulate enough before they think about getting into real estate. You can buy all the online real estate courses you want, but if you don’t understand a few basic principles first, there’s really no point.

 

Find out how to get started in real estate in this episode!

 

Special thanks to the sponsor: https://junipersquare.com

Aug 16, 2021
EP 8: The true cost of buying and selling real estate | The Nick Huber Show
13:19

I want to talk about the true cost associated with this line of work. When it comes to buying and selling and investing in real estate, it is different from your average asset. Take stocks for example, it can be easy to panic sell with how easy a single click of a button makes it, and I am just as guilty as anybody of falling victim to this mindset. You can’t do this with real estate. You can’t just liquidate your investments, which some might call a bug. It’s actually a feature because it forces investors to think long term. You’ve got to exercise some patience, which can pay off. If I would’ve sold when the market crashed, I wouldn’t have been in the game in the hot market that it is now.

 

Find out what is the true cost of buying and selling real estate in this episode!

 

Join the community: https://sweatystartup.com/rec

Special thanks to the sponsor: https://launchkits.com/sweaty

Aug 12, 2021
EP 7: How self storage investing works | The Nick Huber Show
15:11

Way back in early 2015, I planned and developed my self-storage business with my partner Dan. It took a total of 2 years to prepare and set this thing up right. From finding property and looking for the right deals and LPs, in May 2017, we opened our doors for business with 5 outside investors. Fast forward to today, we have 4,930 self-storage units, 24 properties, 642,000 sq/ft all in properties in Ohio, Pennsylvania, New York, and Connecticut, and aren’t stopping there. With four acquisition employees, we are making offers in Georgia, Kentucky, and Indiana, and our goal is to have 50 units in 30+ states.

Find out more on how self storage investing work in this episode!

Aug 09, 2021
Ep 6: The secret to finding deals and acquiring real estate | The Nick Huber Show
11:13

When it comes to investing in real estate, do you want to know what's my secret to finding deals and acquiring real estate? From the tools that I use, website, tips, and tricks, I’m going to reveal my secret to growing my self-storage business: Bolt Storage.

 

Kidding, there is no secret sauce! There’s no shortcut and no easy way. You might not like it, but what I'm going to share in this video is the truth. It's just pure hard work, with acquisition being the hardest part of real estate. This is where you find the bottleneck of every business. A lot of people ask me: "How do I find real estate deals?" and they are shocked to learn that it's not easy for me. It’s never easy building a business. If it was, everyone would do it!

 

You have to have a competitive edge. That and you must be resourceful--build a system that involves a ton of hard work. There's no secret, just put in the work. Be resourceful. Be organized. You have to be able to do these things if you’re going to be a business owner. It seems easy for me to spot deals because I've got experience on my side, and hard work is how I got that eye for a deal. I have 4 acquisitions people who do the calls, talking to brokers, and underwriting deals.

 

I’ll tell you what, when it comes to real estate investing strategies, you’ve got to understand the key concepts around debt acquisitions, property management, operations, small business marketing, hiring and firing. All of that is the blocking and tackling of real estate. The money is made in the acquisition. If you can find good deals, you can build a business. That's why you gotta grind, be resourceful, and you have to understand the lingo and speak the language. Gain trust with the people who are selling, you got to structure the deal the right way, you got to move fast if you need to move fast. That's all there is to it. There's no secret, just hard work.

 

If you’re still not sure where to start, I offer real estate courses (both free and paid) to give you an idea of how to apply your hard work.

Aug 02, 2021
EP 5: How to raise more money for your deals | The Nick Huber Show
09:14

In this episode I talk about one of my favorite and effective real estate investment strategies. Whether or not you’re a seasoned investor or new to the game, one of the most important things to be able to do is sell to LPs, and it might seem counterintuitive, but don’t roll out the red carpet. This is real estate investing for beginners, but a lot of veterans in the industry forget about this. Don’t flower up your deals and conversations when talking with potential investors. In fact, I’ve found that the better approach is to talk about the downsides of a deal--to talk about what you're struggling with.

 

This approach and process has developed over the years, but I’ve learned that it is a unique way of gaining an LPs trust. It helps manage expectations, because if you really think about it, investors already have an idea of why they might want to invest in you. You are not their first stop in the research process! They’ve done their homework and if they are talking to you, they’re already serious about striking a deal somewhere.

 

So, what are the negatives? What are the risks I’m up front with when LPs approach me? First off, property tax risk. The towns I’m buying in are not growing. They were booming at one point, but they’ve had a drop off in growth. Not only is their tax base low because of this, their infrastructure costs are high which puts a bigger burden on the companies that are already there. The second thing that can scare the hell out of me goes hand in hand with the first, and that is the lack of population growth, but I’m thinking long term--5 to 7 years when buying up property and in that time, a lot can change in an economy. I then throw the question out of the worst case scenario. If interest rates rise, inflation goes nuts, and the economy is hurting, are they okay with a long term relationship? With all these negatives in mind, how does it make them feel? And then I leave it at that.

 

It seems counterintuitive, but investors appreciate it. When they’re looking at investing in real estate they’ve told me, and naturally, they begin talking about what they like about the deal--they tell me what they’re thinking. Which brings me to my final point. This is not only a process for me to be transparent with investors, but it allows me to vet anyone who approaches and wants to make a deal. Sometimes I scare the hell out of them, and that’s okay. I don’t want someone looking to do a quick, big flip because again, I’m thinking long term and looking for a good business partnership as a result.

Jul 26, 2021
Ep 4: Nick Huber x Chris Powers Webinar - Commercial Real Estate Investing | The Nick Huber Show
01:34:32

In this episode of The Nick Huber Show I sit down with Chris Powers of Fort Capital who specializes in industrial real estate in the Dallas Fort Worth area. 

 

Chris is a serial entrepreneur with more than 16 years of real estate development and investment experience. He founded Fort Capital in 2005, and to date, the company has invested over $584M in Class B industrial, commercial, multifamily, student housing, and residential/land development projects throughout the state of Texas.

 

Chris’s ability to conceptualize, raise capital, and execute are only a small part of what Chris brings to the table. With a belief that investing time in people is the best investment that can be made, Chris has built a strong network that has helped catapult the industry of private equity investing to where it is today. Graduating with a BBA in Finance & Marketing from Texas Christian University in Fort Worth, TX, Chris is innovative, ethics-driven, people-focused, community-minded, and passionate about ideas that matter, and has the professional and personal philosophy: “Tell the truth and be nice to people.” Chris is a member of the Fort Worth YPO Chapter and lives in Fort Worth, TX with his wife, Mikal, and their daughters, Palmer and Connor.


As a mentor of mine, I have learned so much about what I do within the real estate private equity investing industry, and as we talk about the ways to do business, to raise money, and really the ways to become a successful real estate entrepreneur through simple real estate investment strategies, I hope you see the value this conversation has to offer.

Jul 19, 2021
Ep 3: How Real Estate Private Equity Works | The Nick Huber Show
14:25

Sponsor: junipersquare.com

Is real estate a good investment? The short answer is, yes! Now, when it comes to structuring a real estate private equity deal, there are some details that need to be considered. Here, I talk about how a real estate private equity firm is structured and give you some more good, need to know terminology.

Generally speaking, there are two key sets of players with these kinds of agreements: General Partners (GPs) and Limited Partners (LPs), and in a nutshell, GPs raise money from outside investors--LPs--and are in charge of organizing the details. The GPs goal is to make money for both the LPs and themselves, and there are a variety of ways to accomplish this.

Now, a big thing to keep in mind is what is termed as Waterfalls. Basically, this is an overflow of money that comes in from a private equity deal and there when it comes to dividing money for the deal, there are provisions stipulating where this overflow of cash goes: between the common shares and the preferred equity (LPs). In a preferred return this is like an interest rate promised to the LPs, because after all, they are the ones that fronted a bulk of the capital to begin with. Once that is met, The Promote is what goes to the GP.There are a lot of ways to structure a single deal, and knowing the difference between low risk and high risk deals is vital when organizing one, and fees are a major consideration. From Asset Under Management (AUM) fees to Acquisition and Disposition Fees all of these generally go to the GP to help them set up the deal for success. Structuring any deal really depends on the market and how aggressive or risky a specific deal is, which will also determine co-investing and debt sponsorship.

Jul 13, 2021
Ep 2: The Terminology You Need to Know | The Nick Huber Show
15:25

Sponsor: Juniper Square

Every industry has their own language with acronyms, industry terminology, and jargon. Real estate is no different. In this podcast for real estate investors, I go through the key terms anyone new to the market needs to know.

 

First and foremost you need to know what Net Operating Income (NOI) is. It is the almighty factor and standard profitability for a property. For the most part, it is consistent as it is your Top Line Revenue minus Property Expenses. Yes, these are affected by management and tenants, but it does not take into account the variety of other variables that COC does.

 

Now, Cash on Cash (COC) is the return on a property, which does depend on leverage, capital reserves, debt service payments, AUM fees, deal related fees, etc. In short, there are a lot of factors to consider when calculating the COC.

 

Second most important term is Cap Rate. Cap Rate a way to look at the yield on a property if it is unlevered? There are a ton of different terms when it comes to Cap Rate because of the various nuances that are simply based on what time you are looking at in a property’s life span. The two main types of Cap Rate you need to be concerned with are: In Place Cap Rate, which is what has happened within the last 12 months of a property, and Going in Cap Rate, which looks at the first year of operations as an estimate and projection.

 

An Unlevered Yield is when no debts are on a property and explains what the return percentage on a property is. In other words, it’s another way to look at Cap Rate, but in a percentage.

 

Pro Forma is the cash flow projection month by month and Underwriting is a way of creating a Pro Forma document. There are a lot of assumptions made in both these processes--any projection is and any bank and investor wants to see these numbers when considering a property.

 

Who are the Real Estate Actors when it comes to organizing and participating in a deal? There are two main players: the General Partner (GP) and Limited Partner (LP). The GP is the sponsor in real estate private equity. They find and organize the deal, executing it and doing the work, which is what I do. The LP are simply investors. They put their cash into the deal. GPs raise their money from LPs.

 

Debt Service is the principal and interest payments on a loan and any related expenses, while the Lease Up Period is the time it takes for tenants to rent up your space before you reach maximum occupancy--the time frame in which you get new customers.

 

Now, throughout the podcast we’ll be talking about Asset Classes, or the type of real estate investments. There are a number of them: self storage (which is what I’m involved in with my company Bolt Storage), mobile home parks, industrial real estate, family, single family, medical office, etc.. Every Asset Class has their pros and cons, so be aware of them when pursuing an Asset Class.

 

Debt Service Coverage Ratio (DSCR) is the last major term and is the relation of the NOI to the total debt-service obligation you have on a property with principal and interest. Most banks have a comfortable number they like to stay with when considering DSCR and is another variable to consider when planning out your real estate investment strategies.

Jul 13, 2021
Ep 1: Who is Nick and Why Should You Trust Him? | The Nick Huber Show
08:31

Sponsor: Juniper Square

Is real estate a good investment? Yes! But why trust a random stranger on the internet? Well, you shouldn’t. I am just a 32 year old guy chasing some massive deals and learning as I go. With that being said, I have a unique background for real estate that I think is extremely valuable and worth sharing.

I come from an operations background of marketing, hiring, organizing and management oversight, all of which has given me a serious competitive advantage in real estate. In 2011, my buddy Dan and I started a small business called Storage Squad, a pick up and delivery student storage service. With 12 states, 30 college campuses and up to 300 part time employees during the busy season, this was a logistical nightmare to say the least. However, it was a huge learning experience and gave me some valuable insight into real estate.

Right now, I own a real estate private equity company called Bolt Storage. With 24 self storage facilities, 642,000 square feet, and almost 5,000 units (4, 930), Bolt Storage operates in four different states: Ohio, Pennsylvania, Connecticut and New York. Our operations division has 9 employees and our acquisitions division has 4 and we aren’t slowing down anytime soon. In 2021, my partner and I sold Storage Squad for seven figures, giving us the opportunity to rebrand under Bolt Storage, allowing us to grow at the rate we have been.

Although my background is unconventional for real estate, the principles and concepts are the same. They’re universal and can be applied to anyone's real estate investment strategies. This is a podcast for real estate investors, beginning and seasoned professionals to become better no matter what background they come from. Real estate is a lonely game, and I want to change that and create a community that is conducive to beginners looking to get into the game, bigger investors, and everyone in between. There is no reason you can’t make some big, financial changes and have massive success. You just gotta put in the work!

Jul 13, 2021