EP 95: How Twitter Changes Lives, Real Estate Cost Seg, & Market Updates with Chris Powers & Mitchell Baldridge
The Nick Huber Show ✓ Claim Podcast Notes Key Takeaways Capital providers are waiting for interest rates to stabilize prior to coming back into the real estate marketDespite how it may seem on Twitter, it is actually really hard to make money in the real estate businessClass A storage is branded as “nice storage” but it requires renting a truck, moving your stuff with a dollie, putting it on an elevator, etc. As interest rates rise, the people with the capital can now park it in treasury bills and earn 4-5% “risk-free” instead of allocating to real estate ventures The risk-free rate is no longer 0% like it was for much of the last several yearsMany real estate investors, accountants, and CPAs are not aware of cost segregationAny real estate that people have bought after September 2017 can still be cost-segregated, or “cost-segged” by filing a Form 3115 Cost segregation is effectively borrowing money from the IRS and works best when you plan to hold the property for several years You get a look into someone’s brain when you follow them on TwitterSharing what you know on Twitter can pull forward your career trajectory by twenty years Twitter is a modern-day business tool to build trust and friendships at scaleThe ability to simplify complex topics and share that with the world is a superpower Read the full notes @ podcastnotes.orgToday’s episode is a repost from The Fort podcast by Chris Powers that originally aired on February 16th, 2023. I sit down with Chris and my business partner Mitchell Baldridge to discuss the current real estate market, how Twitter changed our lives, and Mitchell and I’s new business RE Cost Seg. Chris is a mentor of mine and I highly recommend listening to his podcast, The Fort. https://www.thefortpod.com If you want to learn more about RE Cost Seg, please click here. https://www.recostseg.com Thank you and I hope you enjoy the conversation. FREE PDF - How to analyze a property and know what it's worth: https://sweatystartup.ck.page/79046c9b03 Check my free resources about Real Estate: https://sweatystartup.com/courses/ Check out my free Delegation / Hiring 101 course! Click here: https://nickhuber.podia.com/delegation-hiring-101 We're hiring! Visit: https://sweatystartup.com/hiring Check my free resources about Real Estate: https://sweatystartup.com/courses/ Read the full show notes here: https://sweatystartup.com/series/the-nick-huber-show/ Join my Real Estate community here: https://sweatystartup.com/rec Special thanks to the sponsors: • https://junipersquare.com • https://recostseg.com/ Twitter Growth Mastery Course: https://sweatystartup.com/twitter Want to hire me as a consultant? Click here: https://sweatystartup.com/storage Have some questions? Send me an email and I'll feature you in the next episode: nick@sweatystartup.com