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First Business
- Nick Huber's first business was student pick-up and delivery storage, operating in 12 locations and 25 colleges.
- This experience taught him valuable operational skills, including hiring, managing, and motivating over 200 part-time employees.
Transition to Real Estate
- Nick Huber transitioned to real estate, believing it required less competitive intensity than startups.
- His first self-storage project, built for $2.9 million, appreciated to $8 million in four years, validating his strategy.
Starting in Real Estate
- Start small in real estate; even a single deal can be life-changing.
- Buy a small property, improve operations, raise rents, and let time appreciate the value.