5min chapter

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#003 Nick Huber: How to Leverage Twitter, an Abundance Mindset, and A Love of Chaos

Smart Friends

CHAPTER

Why You Shouldn't Build Your Own Self Storage Facility

When we built that stoage facility, we came in with a one point seven million dollar budget. I worked my butt off and took a hundred meetings to raise the money for that first deal. Buying a self stowage facility, you're buying an eight % cash on cash yield to day. It is fastern. On a risk adjusteve basis, better to just buy an existing business,. Even if it's even if tre relatively poorly run, right? L con of another part of your thesis: You have lowerrisk adjusted return. Are a better risk adjusted return, because development's riskygot to go do it up everything.

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