Real Estate Underground From Sweaty Start Up to Multi-Million Dollar Self Storage & Service Business Empire, with Nick Huber
Welcome To The Real Estate Underground Show #97!
In today's episode, we're joined by Nick Huber, the founder of Sweaty Startup and Bolt Storage. Nick's journey started back in college when he established a pickup and delivery student storage company. Despite the challenges, they managed to grow the business to incredible success, with four full-time employees and millions of dollars in revenue. This venture taught Nick the importance of cash flow, which he believes is the lifeblood of real estate.
In 2015, Nick and his team decided to take their expertise and venture into building a self storage facility from scratch. Fast forward to 2019, they did a cash-out refinance at a valuation of $5.2 million. By 2021, the facility was generating nearly $100,000 in revenue per month. This experience opened Nick's eyes to the potential profitability of real estate and prompted him to sell his moving and storage company in 2020.
Since then, Nick and his team have been acquiring more storage buildings. They've successfully purchased three additional properties in 2018 and 2019, and a couple more in 2020. Along the way, Nick discovered the power of Twitter and networking with like-minded individuals.
In this episode,
- You'll learn about the deal that changed Nick's life forever.
- How Twitter has helped them raise funds for their company.
- Nick's viewpoint on the commercial real estate market, and his strategies for keeping stress at bay.
- He also shares the "email rule" implemented in their company and reveals the three essential elements for growing a successful business.
If you're hungry for more wisdom from Nick, you're in luck. He hosts two podcasts - The Nick Huber Show, where he dives into real estate, entrepreneurship, and management, and Sweaty Startup, focused on entrepreneurship and management. Additionally, Nick shares his insights, thoughts, and advice on Twitter @sweatystartup all day long.
To stay up to date with Nick and his expertise, subscribe to his weekly newsletter on sweatystartup.com. It's packed with valuable content on management, entrepreneurship, wealth building, and real estate.
Don't miss out on this episode where Nick Huber reveals the deal that changed his life and provides invaluable insights into the world of real estate and business. Tune in now!
Resources:
- Website (Personal brand): https://sweatystartup.com/
- Website (Self Storage): https://boltstorag
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Additional Resources:
- Clark St Capital: https://www.clarkst.com
- Clark St Digital: https://www.clarkstdigital.com
- Podcast: https://bit.ly/3LzZdDx
Find Us On Social Media:
- YouTube: https://www.youtube.com/@clarkstinvestorsacademy
- LinkedIn: https://www.linkedin.com/company/clark-st-capital