Father's Secret Storage Mortgage

A story about how Nick's father secretly took out a mortgage on their house to help fund Nick's first self-storage facility.

"We bought our first self storage facility and raised $500. My dad took a mortgage out on our house to do it. He didn't tell me that he did at the time because we're middle class. I went around to his friends basically and he helped me raise the money for that first deal.

Everybody says 'you're not self made' and that's my not self-made story - my dad was the first investor in my first storage building. But then we ran out of money and we had to buy our second, third, fourth and fifth properties with our own cash from our storage company and moving company."

03:55 - 04:16
Full video: 59:25
NH

Nick Huber

Real estate investor and entrepreneur with a thriving business in the field. Shares insights on popular business podcasts, including "My First Million." Focuses on educating others about real estate investing and financial literacy through public speaking and online platforms.

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