• $2,500 or 3 monthly payments of $870

Nick's Real Estate Masterclass

A deep dive into real estate. How deals are measured, structured, financed and operated. The risk factors, how to gain a competitive advantage, and more.

Why this course exists

This is what I wish I knew about real estate when I was 25 years old with some cash in my pocket, about to do my first deal. This is what I've learned over the past several years of being a real estate professional building a portfolio of $150MM worth of self storage assets we own and operate.

This is what real estate entrepreneurs teach their children around the dinner table. These are the concepts I will work to instill in my children so they can enter the field and succeed.

The Real Estate Masterclass is the very best of 400+ hours of concentrated work, over 90,000 words, dozens of deal breakdowns, videos, quizzes, and more. If you ever wanted an honest, in-depth look at real estate as a career or investment option, I promise you won't find a more complete course than this one.

I promise even experienced real estate investors will get nuggets of wisdom and learn something new. It is more practical and valuable than any college real estate course.

What you'll learn in the Masterclass

These are only a few of the key lessons and strategies you'll learn in the masterclass.
For a complete table of contents, scroll to the bottom of the page! 

How Real Estate is Valued & the Skills You Need to Succeed

Real Estate Appreciation, Leverage, Debt, Risk, and NOI

Deal Structure, Raising OPM, Negotiating, Scaling a Portfolio

Behind the Scenes Deal Breakdowns and Scenarios

How to use Twitter to expand your network & portfolio

The Mindset of Successful Investors and Operators

Testimonials

☝️ Chris is one of my mentors. 
This coming from him is huge!

Who I made the Masterclass for...

I'll be clear → anyone can benefit from these lessons. Everything in this course will help you become more informed, prepared, and confident to start or scale your real estate career. But there are 4 types of people it can help most...

1. Beginners ready to turn Pro

You've done your research. You've been devouring information online. You're starting to make connections in the real estate world. You're asking the right questions. You can see your future in real estate — you just want to make sure you're on the right path. Well, you've come to the right place! I made this course to share a clear and highly detailed picture of how to build a career in real estate — with real-life examples. I'll give you an unfiltered look at what I did and how I did it — what works, and what doesn't.

2. People with resources who want to use them wisely

These are people who are ready to make real estate a part of their future, but they're not sure which way to go. They want to look at it from 1000 feet above and analyze asset classes. They are able to pick and choose their path as they either buy real estate on their own or invest.

3. Passive Investors who want to invest with confidence

These are people who earn enough money that they are looking to passively invest. They can't move their focus away from the main money-maker, but they want to learn how to invest in real estate through sponsors. They want to partner with operators who are doing deals, analyze the deal with confidence, figure out what questions to ask, figure out where the risk is, and understand how all this works. 

4. Investors and Operators who want to level up

The most important group, the one I am most aligned with and is exactly who I am. You are the person ready to buy an asset, or you own property or are ready to make real estate a big part of your work and wealth. You are ready to level up and raise outside capital, build a management company, a real estate private equity firm, and expand to make real estate a tremendous part of your life and career.

What this course is not

This is not a way to get started in real estate today with no money. It is not a way to get rich quick in real estate. It's not a way to go from 0 to 1 and create new wealth through real estate.

This is not a guide on operating specific asset classes of real estate. This is not a complete, in-depth guide on any one aspect of real estate.

While it provides the frameworks, this is not a guide on putting together your first deal with other people's money and jumping in head first.

Real Estate doesn't have to be a country club

Real estate is so much a country club, really a "who's who" business that if you're not born into it, there are very few ways to understand it. The people who are in this business don't just go out and share a lot. I have an abundance mindset and believe the more I help people, the more will come back to me. The more people I meet the more my life can benefit.

You look at real estate in America, most of the big real estate families, this is in their blood, they learn this stuff around the kitchen table. They follow it around with their parents and their trucks to these properties. They were on this trajectory of real estate very early.

I was not from one of those families. I started service business and made some money. Then I needed to find something to do with that money. So I spent a ton of time learning all this on my own. I didn't know the language that I needed to speak. When I talked to bankers I didn't know the terms that I needed to be aware of. When I discussed my properties with outside investors I didn't know how to mitigate and manage the risk. 

If you don't have family members or you're not in the inside club of people who know the ins and outs of Real Estate and have done it for their careers, it's not very approachable. This masterclass is built for a person without those resources as a way for somebody on the "outside" to make real estate a viable career and investment. 

Get a rock-solid foundation of real estate essentials

see a full course syllabus at the bottom of the page! 

Real Estate Valuation

  • Smell Tests, Speculation & Trends
  • Underwriting — Determining What a Property is Worth to You
  • Aspects of a Solid Cash Flow Model
  • Monthly Cash Flow Model
  • A Detailed Analysis of My Model
  • How to Find a Model Specific to your Industry
  • Deal Overview
  • Due Diligence

Real Estate Fundamentals

  • How Do Real Estate Investors Get Really Wealthy?
  • Two Almighty Definitions: NOI and Cap Rate
  • Overview of My Portfolio
  • How Appreciation Works
  • Ways to Force Appreciation
  • The Roll-up Strategy
  • Cap Rate Compression
  • A Key Operational Advantage (and The Holy Grail)
  • How to Use Time as the Ultimate Economic Tailwind

Leverage

  • How Leverage Amplifies Gains and Losses
  • Visualizing Leverage in Real Estate
  • Refis and Recaps
  • Debt Yield & Debt Constant
  • Debt Constant: Overview, Worksheet, Quiz, Review
  • Debt Yield: Overview, Table, Quiz, Review
  • Glossary of Key Terms
  • Alternative Financing Method: Securities Backed Line of Credit

Tax Advantages of Real Estate

  • Depreciation & Bonus Depreciation
  • Recapture & Capital Gains
  • Interest Expense as a Deduction
  • Income vs. Capital Gains
  • QOZ — Qualified Opportunity Zone
  • Cost Segmentation Study Examples
  • IRS Depreciation FAQ
  • Basis & the 1031 Exchange
  • Additional Tax Loopholes

Risk

  • How to Assess & Manage Risk
  • How to Lose a Lot of Money Really Fast
  • The Cyclical Nature of Real Estate
  • How to Hedge Your Risk
  • Stress Tests
  • Model Walkthrough — Variables Affecting Cash on Cash, Debt Yield, and Debt Constant
  • Operations, Emotions & CAPEX

Deal Structures

  • How Private Equity Works
  • Prefs, Promotes & Waterfalls
  • How to Think about Fees
  • How Should You Structure Your Deal?
  • PPM and Executive Summaries
  • The Straight Split Structure
  • Vetting LPs and Managing Expectations
  • Re-capitalizing a Deal
  • Multiple Examples of Case-Specific Executive Summaries

  • $2,500 or 3 monthly payments of $870

Nick's Real Estate Masterclass

  • Course
  • 149 Lessons

A deep dive into real estate. How deals are measured, structured, financed and operated. The risk factors, how to gain a competitive advantage, and more.

How the course helps you think about leverage in Real Estate [preview]

As you go through the course, you'll think, "All of this sounds pretty awesome so far! Buy property, increase NOI or roll-up, create value — it's a great system. Let's go figure out our operational niche and get rich!"

Next I'll teach you about the gasoline we can pour on the fire to multiply our returns and crank up our cash flow and put our appreciation on steroids. I'm talking about a little something called leverage

It is debt. It is borrowed money from a bank. A loan. Mortgage. A note. It is called a few different things.

Leverage amplifies everything. Every real estate investor I know uses it and loves it and lives or dies by it. If you're new to this thing, prepare to have your mind blown by its power.

First of all, this is a double-edged sword. I'm about to tell you how it works FOR investors. It can just as quickly cripple projects and bankrupt investors. We'll talk more about the downside in the RISKS section.

Let's dive in and use one of my previous deals to paint the picture.

We did a deal in Newfield for $2.175MM. We bought it at an "in-place" cap rate of 7.31% and a "pro forma" cap rate of 13.46%. We only needed to put up $543k of our cash to buy it. A local bank that does commercial lending financed the rest.

Huge question that informs everything else → how much of the purchase price will the bank finance?

It depends on the asset class, the bank, and the strength of the borrowers/operators. If you are good at what you do, have a lot of cash, and have experience cranking out the numbers you are projecting, you can get debt at a reasonable price.

In the masterclass I go much much deeper—over 10 lessons—on the ways you can use leverage to scale up your portfolio... as long as you pay attention to the ADJUSTED RISK of the project. 

EVERYTHING INSIDE

With over 90,000 words and 2+ hours of video, this course contains everything I've learned on the front lines of real estate the past decade. Want a peek? Click on any of the lessons with the blue "Preview" button to see what you'll be getting!

Introduction

How do real estate investors get really wealthy?
Who is this course for?
    Preview
    How do real estate investors get really wealthy?
      Preview
      The two almighty definitions: NOI and Cap rates
        Cap rates and NOI - a quiz
          Quiz Review
          • 5 mins
          • 182 MB
          Nick's Journey
            Nick's Portfolio (Recorded December 2021)
            • 5 mins
            • 110 MB
            Preview
            Nick's Portfolio (Recorded March 2022)
            • 6 mins
            • 148 MB
            A note

              Feedback and Comments

              Before you dive in

                How to create a lot of money out of thin air

                The wealthiest guy I know
                  Trampolines, gyms and cold hard cash

                    The skills you need to win

                    There are certain things that folks who do real estate deals need to be good at. If you’re not interested in my subjective opinion, skip this section.

                    This section is for the folks who plan to buy and manage property and structure deals.
                    Sales
                      Communication and Writing
                        Resourcefulness
                          Likability, Trust and Emotional Intelligence

                            Types of real estate

                            A list of niche real estate asset classes and key terms

                              The mindset of a successful investor

                              The rest of this document is the “how”. This is the “why”. I get a bit philosophical here, and if this isn’t your thing feel free to skip.

                              But I feel strongly that mindset is 90% of the game. And if you can master it you will win. So here goes.
                              The way to think about the critical aspects of business

                                How to learn any asset class very quickly

                                Here are three ways you can begin to learn asset classes and find your niche.
                                Find the professionals - talk to them, work for them or compete with them

                                  How real estate is valued

                                  Smell Tests, speculation and trends
                                    Underwriting - how to figure out what a property is worth to you
                                      Aspects of a good cash flow model
                                        Deal Overview
                                        • 289 KB
                                        Monthly Cash Flow Model
                                        • 263 KB
                                        A walk through of my model
                                        • 10 mins
                                        • 436 MB
                                        Where do you get a model specific to your industry?
                                          Due Diligence
                                            Due Diligence List
                                            • 64.4 KB

                                            Appreciation

                                            How does property get more valuable? How do we make it more valuable? What factors influence appreciation?
                                            How appreciation works
                                              Preview
                                              The ways to force appreciation
                                                An operational advantage and the holy grail
                                                  The roll-up strategy and cap rate compression
                                                    Time - the ultimate tailwind
                                                    • 4 mins
                                                    • 224 MB

                                                    Leverage

                                                    Leverage Basics
                                                      Key definitions
                                                        The great amplifier
                                                          Preview
                                                          Visualizing Leverage in Real Estate w/ Nick Huber
                                                            Refinance and Recaps
                                                              Deal Breakdown: My $2MM cash-out-refi
                                                                Debt Constant
                                                                  Debt Constant Worksheet
                                                                    Debt Constant Quiz Review
                                                                    • 4 mins
                                                                    • 53.8 MB
                                                                    Debt Yield
                                                                      Debt Constant Table
                                                                      • 237 KB
                                                                      Debt Constant / Debt Yield discussion
                                                                      • 4 mins
                                                                      • 74.1 MB
                                                                      Debt Constant / Debt Yield Quiz
                                                                        Quiz Review
                                                                        • 3 mins
                                                                        • 51.8 MB
                                                                        Alternative financing method: securities backed line of credit
                                                                          Negative Leverage - Explained

                                                                            Test your knowledge - managing risk

                                                                            Model Walkthrough - Stress Tests
                                                                            • 11 mins
                                                                            • 420 MB
                                                                            Stress Tests - Excel.xlsx
                                                                            • 15.6 KB
                                                                            Managing Risk - Quiz
                                                                              Quiz Review
                                                                              • 5 mins
                                                                              • 93.8 MB

                                                                              Update

                                                                              What do you think so far?

                                                                                The Tax Advantages of Real Estate

                                                                                In this section we'll go over the tax treatment of real estate and how we can use it to our advantage.
                                                                                Depreciation / Bonus Depreciation
                                                                                  Basis, Bonus Depreciation, Recapture, Capital Gains
                                                                                  • 11 mins
                                                                                  • 76.1 MB
                                                                                  Interest Expense as a Deduction
                                                                                    Real Estate Professional Status
                                                                                      1031 Exchange
                                                                                        Step-up In Basis
                                                                                          Income vs. Capital Gains
                                                                                            QOZ - Qualified Opportunity Zone
                                                                                              Conservation Easements
                                                                                                Additional Loopholes
                                                                                                  Basis and Depreciation Quiz
                                                                                                    Recapture and Capital Gains Quiz
                                                                                                      IRS Publication 946 - Depreciation
                                                                                                      • 2.3 MB
                                                                                                      IRS Depreciation FAQ
                                                                                                      • 47.7 KB
                                                                                                      Cost Seg Study Example - Self Storage Facility
                                                                                                      • 6.61 MB
                                                                                                      Cost Seg Study Example - Vacation / rental property
                                                                                                      • 6.48 MB

                                                                                                      The Risks of Real Estate

                                                                                                      How to lose a lot of money really fast
                                                                                                        Everything is cyclical
                                                                                                          Operations, Emotions and CAPEX
                                                                                                            How to hedge your risk

                                                                                                              How do I get started?

                                                                                                              What you probably don't want to hear
                                                                                                                Quality over quantity
                                                                                                                  The golden rule of real estate
                                                                                                                    How much cash do I need and what kind of returns can I expect?
                                                                                                                      Scale or stay small?
                                                                                                                        Beta vs. Alpha
                                                                                                                          My framework for spotting real estate opportunities
                                                                                                                            Preview
                                                                                                                            Real estate opportunities I love right now

                                                                                                                              Your real estate team

                                                                                                                              The Banker, Attorney, CPA, Contractor and Insurance Agent
                                                                                                                                The hardest relationship to build - contractors and service providers
                                                                                                                                • 5 mins
                                                                                                                                • 269 MB

                                                                                                                                The dynamics of buying a property

                                                                                                                                Are you a closer or a joker?
                                                                                                                                  The off-market cold call
                                                                                                                                    Looking at deals from Brokers
                                                                                                                                      The offer
                                                                                                                                        DEAL OVERVIEW: Gloversville - when the buyer has all the leverage
                                                                                                                                        • 8 mins
                                                                                                                                        • 323 MB
                                                                                                                                        LOI - GLOVERSVILLE SIDE BY SIDE (4).pdf
                                                                                                                                        • 78.2 KB
                                                                                                                                        PSA, Real Estate Attorney, Due Diligence Period
                                                                                                                                          Due Diligence Request List.pdf
                                                                                                                                          • 64.4 KB

                                                                                                                                          Raising OPM (other people's money)

                                                                                                                                          A day in the life - trying to finish raising for a deal
                                                                                                                                          • 7 mins
                                                                                                                                          • 102 MB
                                                                                                                                          Raising Other People's Money
                                                                                                                                            Sources of Outside Capital
                                                                                                                                              When should I get LPs? Should I raise money on my very first deal?
                                                                                                                                                Selling Limited Partners on your Deal
                                                                                                                                                  Communicating and Reporting
                                                                                                                                                    Company Overview Deck
                                                                                                                                                    • 2.06 MB
                                                                                                                                                    Preferred Equity Deck Example
                                                                                                                                                    • 4.57 MB
                                                                                                                                                    2020 Year in Review - Bolt Storage
                                                                                                                                                    • 103 KB
                                                                                                                                                    2021 Year in Review, Bolt Storage

                                                                                                                                                      How to dominate Twitter

                                                                                                                                                      How I raised $5MM in capital on Twitter
                                                                                                                                                        How to go from 95 followers to 95,000 followers in 10 months
                                                                                                                                                          The bad news

                                                                                                                                                            Deal Structures

                                                                                                                                                            The real estate private equity terminology you need to know
                                                                                                                                                              How real estate private equity works
                                                                                                                                                                Terms
                                                                                                                                                                  Prefs, Promotes, Waterfalls
                                                                                                                                                                    Fees
                                                                                                                                                                      How to think about fees
                                                                                                                                                                        How should you structure your deal?
                                                                                                                                                                          PPM and Executive Summaries
                                                                                                                                                                            Elmira NY Investment Prospectus
                                                                                                                                                                            • 4.57 MB
                                                                                                                                                                            Accredited Investors
                                                                                                                                                                              The straight split structure
                                                                                                                                                                                My process with LPs
                                                                                                                                                                                  Vetting LPs and Managing Expectations
                                                                                                                                                                                    Re-capitalizing a Deal
                                                                                                                                                                                      Ohio Portfolio Executive Summary.pdf
                                                                                                                                                                                      • 6.39 MB
                                                                                                                                                                                      FINAL LP Expected Case Akron Bowling Green Wolf.xlsx
                                                                                                                                                                                      • 722 KB
                                                                                                                                                                                      Bolt Track Record.xlsx
                                                                                                                                                                                      • 13.2 KB
                                                                                                                                                                                      Peru, IN Storage Portfolio Executive Summary.pdf
                                                                                                                                                                                      • 2.75 MB
                                                                                                                                                                                      Georgia Portfolio Executive Summary.pdf
                                                                                                                                                                                      • 4.81 MB
                                                                                                                                                                                      How to think about building a sustainable private equity company
                                                                                                                                                                                        How my real estate private equity and management company work together

                                                                                                                                                                                          How to scale your portfolio

                                                                                                                                                                                          The Method
                                                                                                                                                                                            Building your team
                                                                                                                                                                                              Finding off-market deals
                                                                                                                                                                                                Deal-flow from brokers
                                                                                                                                                                                                  The ability to close "messy deals"

                                                                                                                                                                                                    Investing with others as a Limited Partner

                                                                                                                                                                                                    Nick looks at a multi-family investment deal in the Phoenix market and gives his thoughts from the perspective of a limited partner.

                                                                                                                                                                                                    He also analyzes his own investor deck and talks about questions and assumptions that he would have if he were coming at it from the other angle.
                                                                                                                                                                                                    What questions should I ask?
                                                                                                                                                                                                      New York Self Storage Investor Deck
                                                                                                                                                                                                      • 4.57 MB
                                                                                                                                                                                                      New York Self Storage - Nick's Thoughts
                                                                                                                                                                                                      • 12 mins
                                                                                                                                                                                                      • 265 MB

                                                                                                                                                                                                      My biggest mistakes in real estate

                                                                                                                                                                                                      New development, zoning and prepayment penalties
                                                                                                                                                                                                      • 13 mins
                                                                                                                                                                                                      • 648 MB

                                                                                                                                                                                                      Nick's Deal Breakdowns and Additional Resources

                                                                                                                                                                                                      My first deal and how we made $2MM through a cash-out refinance
                                                                                                                                                                                                        Pittsburgh PA Deal
                                                                                                                                                                                                          Shippenville PA Deal
                                                                                                                                                                                                            Closing on Erie / Pittsburg (vlog style)
                                                                                                                                                                                                              Deal Breakdown - Gloversville (2021 Update)
                                                                                                                                                                                                                RE #73: Nick Huber - Self Storage & Sweaty Businesses
                                                                                                                                                                                                                  RE #112: Nick Huber - Self Storage, Twitter, & Sweat (Part 2)
                                                                                                                                                                                                                    Profitable Real Estate Investing I Nick Huber l Pomp Podcast #453
                                                                                                                                                                                                                      Get to know Nick - and the non-sexy areas of entrepreneurship
                                                                                                                                                                                                                        Nick's Booklist
                                                                                                                                                                                                                          How profitable is a storage facility? Nick's 2021 Deal Breakdown
                                                                                                                                                                                                                            Nick's Talk at Re-Convene
                                                                                                                                                                                                                              Deal Breakdown - Tompkins County NY

                                                                                                                                                                                                                                The case for buy-and-hold real estate

                                                                                                                                                                                                                                Parting thoughts

                                                                                                                                                                                                                                  Don't stop here, get all the details and full access

                                                                                                                                                                                                                                  You want to see every part of the course. You want to gather information — due diligence. I respect that.

                                                                                                                                                                                                                                  But think about how much faster you'll understand and close—or run from—deals once you've learned from a decade of my process and insider deals.

                                                                                                                                                                                                                                  Everything is first class, high-value content I spent hundreds of hours preparing so you can save time and thousands of dollars. I hope to see you in there!