Category: Uncategorized

DEAL BREAKDOWN – We built a storage facility for $2.9 million – it’s worth $11 million today

​Here’s an update on my businesses and life, if you’re interested. A quick sponsored note before we jump in: Tax season is here and my final income tax bill was $0 for one main reason – Cost Segregation Studies and bonus depreciation. DO NOT FORGET TO GET COST SEGREGATION STUDIES DONE ON YOUR REAL ESTATE. The folks at RE […]

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May 13, 2024 4 mins read

The case for clear, concise and simple

A quick reminder: I have a two podcasts: The Nick Huber Show is about real estate and The Sweaty Startup is about small business and entrepreneurship. Two of my most popular episodes: ​Change your mind on something today (the power of an open mind) and Hire fast and fire faster (hiring and managing employees). News flash: Closed mouthes don’t get fed. “Listen […]

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7 mins read

How much money is enough money?

I spent 3 days last week with 8 entrepreneurs. Guys worth a combined $1B + and with thousands of employees. The big takeaway: The key to building massive amounts of wealth is doing very simple, repeatable stuff while leveraging larger and larger groups of people. The better you are at managing the people, the more money you’ll make. It […]

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5 mins read

The cold hard truth about setting goals

Hope your week is off to a great start. A quick sponsored note before we jump in: A webpage that sells while you sleep is worth a killing. The folks at WebRun built this landing page for my acquisition lead nurturing system and it is working magically. If you need an optimized landing page for your DTC, BTB or real […]

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7 mins read

What makes a business a well oiled machine?

A quick sponsored note before we jump in: Tax season is here – DO NOT FORGET TO GET COST SEGREGATION STUDIES DONE ON YOUR REAL ESTATE. The folks at RE Cost Seg just let me know their spring schedule is filling up and they’re considering raising their prices. They’ve already delivered my cost segs this year and the depreciation […]

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6 mins read

How to analyze a self storage deal on the back of a napkin

I’ve bought over $100 million worth of self storage. It took looking at over 5,000 deals to get it done. What I’m about to tell you is not a full underwriting process. It is not comprehensive. This is the back-of-the-napkin work I do to see if a deal is worth spending more time on. You’ll […]

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10 mins read

5 things I learned while buying $100 million worth of real estate

Before we dive in, a sponsored post: As you know, we’ve got 18 employees working at our self storage management company who live in the Philippines. We sourced and hired all of them through SupportShepherd.com. and it has been a game changer. They do customer service, collections, data entry and even direct customers around our properties to find […]

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3 mins read

Assholes, leverage and the way the world works

I got interviewed on the My First Million podcast last week and it changed my life. I gave a breakdown of my earnings, revenue profit and loss for my 5+ businesses. Listen here. The outreach from folks has been mind-blowing and a lot of exciting opportunities are coming my way – I’ll share more soon! One quick word […]

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5 mins read

The 2nd wealthiest guy I know and how he prints money out of thin air

Last week’s podcast episode on how to fire an employee was one of the most popular episodes I’ve released. Check it out on Youtube or Spotify. If you are one of the 200+ folks who joined my newsletter recently and are looking for the risk management assessment tool, click here. It is a free section from my real estate masterclass. Lets dive […]

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5 mins read

People don’t change

WI added 2,500 new subscribers last week from this post. If you came from it and you’re looking for my list of 200+ business ideas, you can find that here. A quick sponsored note before we jump in: Tax season is right around the corner – DO NOT FORGET TO GET COST SEGREGATION STUDIES DONE ON YOUR REAL […]

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6 mins read
Top Articles

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These are all businesses and markets that I love. The competition is weak. The market is growing. The costs and risks are low. The odds are good. You can analyze the market and make accurate decisions on where there is opportunity to thrive. You can win. Start small. Start low skilled and low risk if […]

Idea Generation 101

This is an analytical approach to identifying and exploring new business opportunities. This is designed around service-based businesses but the concepts can be applied to any business. In order to compete you need to have a competitive advantage in one of three areas: speed, price or quality. The goal here is to look for holes […]

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There is a proven playbook to grow companies. What tools to use, agencies to hire, strategies to employ. I’ve launched 9 companies in my life – two of which are fairly large with 40 + employees and hundreds of thousands in monthly revenue. People ask me all the time for vendor recommendations. Who builds my […]

179: How profitable is a self storage facility?

In today’s episode, Nick talks about a self-storage facility that he and his partner bought in July of 2019. He goes over the numbers of buying it, operating it, and income from units being rented out, as well as expenses. His goal is to show you just how profitable a self-storage facility is. This property […]

Businesses I Hate

Prefer a more positive outlook? Check out the businesses I love. I don’t like businesses that have a lot of passionate people involved. Businesses that are fun and are a lot of people’s hobbies. Passionate people think with their hearts instead of analyzing the markets. Passionate people make poor decisions. Passionate people start companies because […]

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