Capital Hacking EP 269: Self-Storage Investing Super-Sized with Marc Kuhn
It's essential to find your path and not just follow in someone else's footsteps. In this episode, Marc Kuhn shares his story of how he went from making $1 an hour working for his dad's concrete company to owning multiple businesses with over 200 units and a revenue of $25M. He shares his experiences and insights into the luxury storage industry and how he's been able to build wealth through real estate and creative deal structures.
Marc takes us through his journey of self-discovery, pivot, and how he built his business from the ground up. He also shares his tips about what is contract deed and how it is used, which is a key component of his success. Tune in now and scale up your $1 revenue per hour to million dollars more!
Key Points from This Episode:
- Marc's backstory and his early years working for his dad's concrete company.
- Marc shares his story of getting fired from his W2 job and returning to construction work.
- How Marc started to pivot into a real estate company.
- The number of units Mark has acquired since 2017 and his commercial and luxury storage.
- Marc talks about his last creative deal in the creative economy.
- What is a contract for deed, how does that work, and what is its difference from seller financing?
- How did Marc come up with deal models for real estate despite doing concretes in his early years?
- The purpose of CK Agency and how they manage multi-units and self-storage.
- Marc’s predictions of where he’s going in the next five years.
- What exactly is luxury storage, what is it used for, and how big is it?
- The method of how Marc acquires his clients.
- The cost it will take when purchasing self-storage unit pieces and where the energy for these units come from.
Tweetables:
“It's difficult to stay three steps ahead and you get kicked 12 steps back sometimes. And I really just kept fighting and kept focusing and kept in the bigger path.” – Marc Kuhn
“Nowadays, the path is to accumulate assets, generate passive income and make money during it, but not making money in the conventional way. Making money through maybe doing work, but leveraging other people's time, not me necessarily doing all the work.” – Marc Kuhn
“I'm leveraging my path now. I just went all the way in on conferences, to books, podcasts, courses, spending money on myself really increased my skill set.” – Marc Kuhn
“I think if you can just get the path of least resistance and that was kind of my our take when we rented these [storages], we've had a lot of success with and we rent them as fast as we can build them.” – Marc Kuhn
Links Mentioned
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