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Ep 118: The true cost of buying and selling real estate
Manage episode 378550022 series 2951410
When it comes to real estate investing for beginners and experts alike, the cost associated with buying and selling real estate is serious. A lot of people underestimate it. They think that you can buy an asset for X, sell it for Y, and in turn make a lot of money. What they don’t factor in are the people and entities that surround each deal, not to mention the time that must be invested in a property deal which can be anywhere from 6-12 months. This includes vetting brokers, preparing memorandums, reports, tax returns, property tax information, maintenance records, soliciting bids, and contracts. So again, real estate is not a liquid asset. I talk about this more in episode 3, but because of the feast and famine nature of the business, sponsors like me can go hungry for a long time, because if we’re not actively buying and selling, we’re not making a lot of money.
Thanks for listening!
Like this episode?
I think you’ll love my newsletter. I write a long form essay on how to build wealth and succeed to 250K+ readers each week. Subscribe here: www.nickhuber.com/newsletter
Want to see all of my companies? Click here: www.nickhuber.com/portfolio
Want more of my content?
I’m @SweatyStartup everywhere:
Say hello on X: www.x.com/sweatystartup
LinkedIn: www.linkedin.com/in/sweatystartup
Instagram: www.instagram.com/sweatystartup
TikTok: www.tiktok.com/sweatystartup
Apple Podcasts: https://podcasts.apple.com/us/podcast/the-nick-huber-show/id1576120606
Spotify: https://open.spotify.com/show/7L5zQxijU81xq4SbVYNs81
Want my team and I to help sell your business? Click here: www.nickhuber.com/sell
Want to buy a business that my brokerage represents? Click here: www.nickhuber.com/buy
Are you an accredited investor and interested in learning more about potential deals? Fill out this form: www.nickhuber.com/invest
Want my free PDF on how to analyze a self-storage facility? Click here: https://sweatystartup.ck.page/79046c9b03
Want to hire me as a consultant? Click here: https://sweatystartup.com/storage
Here are the links to my businesses:
usiness Brokerage - https://nickhuber.com/
Personal Brand - https://sweatystartup.com/
Self Storage - https://boltstorage.com/
Bold SEO - https://boldseo.com/
Insurance - https://titanrisk.com/
Recruiting - https://recruitjet.com/
Landing Page / Web Development - https://webrun.com/
Overseas Staffing - https://supportshepherd.com/
Debt and Equity - https://bluekeycapital.com/
Tax Credit - https://taxcredithunter.com/
Cost Segregation - https://recostseg.com/
Performance Marketing - https://adrhino.com/
Pest control - https://spidexx.com/
That's all for now.
Thank you again for joining me on my Sweaty Startup journey.
Onward and upward!
-Nick
154 епізодів
Manage episode 378550022 series 2951410
When it comes to real estate investing for beginners and experts alike, the cost associated with buying and selling real estate is serious. A lot of people underestimate it. They think that you can buy an asset for X, sell it for Y, and in turn make a lot of money. What they don’t factor in are the people and entities that surround each deal, not to mention the time that must be invested in a property deal which can be anywhere from 6-12 months. This includes vetting brokers, preparing memorandums, reports, tax returns, property tax information, maintenance records, soliciting bids, and contracts. So again, real estate is not a liquid asset. I talk about this more in episode 3, but because of the feast and famine nature of the business, sponsors like me can go hungry for a long time, because if we’re not actively buying and selling, we’re not making a lot of money.
Thanks for listening!
Like this episode?
I think you’ll love my newsletter. I write a long form essay on how to build wealth and succeed to 250K+ readers each week. Subscribe here: www.nickhuber.com/newsletter
Want to see all of my companies? Click here: www.nickhuber.com/portfolio
Want more of my content?
I’m @SweatyStartup everywhere:
Say hello on X: www.x.com/sweatystartup
LinkedIn: www.linkedin.com/in/sweatystartup
Instagram: www.instagram.com/sweatystartup
TikTok: www.tiktok.com/sweatystartup
Apple Podcasts: https://podcasts.apple.com/us/podcast/the-nick-huber-show/id1576120606
Spotify: https://open.spotify.com/show/7L5zQxijU81xq4SbVYNs81
Want my team and I to help sell your business? Click here: www.nickhuber.com/sell
Want to buy a business that my brokerage represents? Click here: www.nickhuber.com/buy
Are you an accredited investor and interested in learning more about potential deals? Fill out this form: www.nickhuber.com/invest
Want my free PDF on how to analyze a self-storage facility? Click here: https://sweatystartup.ck.page/79046c9b03
Want to hire me as a consultant? Click here: https://sweatystartup.com/storage
Here are the links to my businesses:
usiness Brokerage - https://nickhuber.com/
Personal Brand - https://sweatystartup.com/
Self Storage - https://boltstorage.com/
Bold SEO - https://boldseo.com/
Insurance - https://titanrisk.com/
Recruiting - https://recruitjet.com/
Landing Page / Web Development - https://webrun.com/
Overseas Staffing - https://supportshepherd.com/
Debt and Equity - https://bluekeycapital.com/
Tax Credit - https://taxcredithunter.com/
Cost Segregation - https://recostseg.com/
Performance Marketing - https://adrhino.com/
Pest control - https://spidexx.com/
That's all for now.
Thank you again for joining me on my Sweaty Startup journey.
Onward and upward!
-Nick
154 епізодів
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