Marc Kuhn on LinkedIn: What is luxury storage? Why am I investing millions into this asset class… | 38 comments (2024)

Here's my best advice for entrepreneurs (who are also parents): Turn off your phone. Don't answer the email right away. Don't take every single call that comes in. Don't respond to those 20+ text messages. Make time for it later. If you don't prioritize your time, someone else will do it for you. • Wake up with your kids • Drive them to school or daycare • Spend as much time w/ them as possible Before you know it, they will be off to college living their own life. You only get this chance at this. The sales calls can wait. The emails can wait. The work can wait. Find a way to design your schedule and delegate so you can maximize this time. At the end of your life, will you say: • I wish I worked more Or •I wish I was with them more This is the best advice I can offer entrepreneurs as a Dad in my 30s. How do you balance work and kids?

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Stop buying more sh*t. Start buying more assets. Most Americans: -> Buy/lease cars they can't afford. -> Rent apartments they can't afford. -> Buy stuff on high-interest credit cards. And you wonder why most people can't cover a $500 surprise bill? They have a liabilities-first mindset. And a liabilities-first mindset: -> Keeps you broke. -> Keeps you wanting more. -> Keeps you on the hedonistic treadmill. It's impossible to become financially free with a liabilities-first mindset. If you want to go from: The 9-5 -> Freedom Anxiety -> Relaxation Wishing -> Having ... you need to adopt an assets > liabilities mindset. -> Buy a used car instead of a new one. -> Buy stocks instead of flashy watches. -> Buy more assets instead of more sh*t. You don't have to like it. But you know it's true. Assets > Liabilities Are you going to fight it? Or make it work in your favor? -- P.S. If you want to learn how to grow your assets through real estate, join 3,400+ people getting my free weekly guides here: https://lnkd.in/gjmEPmYv

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Why are you throwing away $950,000? (𝗥𝗲𝗮𝗱 𝘁𝗵𝗶𝘀 𝗯𝗲𝗳𝗼𝗿𝗲 𝘆𝗼𝘂 𝘀𝗮𝘆 “𝗜’𝗺 𝗻𝗼𝘁, 𝗠𝗮𝗿𝗰.”) Most people look at income as the number they make in a year — a finite value. “𝗜 𝗺𝗮𝗸𝗲 $𝟱𝟬,𝟬𝟬𝟬.” Ok. But what if you changed your framework? “𝗜 𝗰𝗼𝘂𝗹𝗱 𝗺𝗮𝗸𝗲 $𝟭,𝟬𝟬𝟬,𝟬𝟬𝟬, 𝗯𝘂𝘁 𝗜’𝗺 𝗼𝗻𝗹𝘆 𝗮𝗰𝗰𝗲𝗽𝘁𝗶𝗻𝗴 $𝟱𝟬,𝟬𝟬𝟬 𝘁𝗵𝗶𝘀 𝘆𝗲𝗮𝗿.” Ridiculous, right? But when you limit your beliefs about what’s possible and you accept your status in life, that’s effectively what you’re doing. -> What’s it costing you to not go out of your comfort zone? -> What’s it costing you to not learn a new skill? -> What’s it costing you to not take a few risks? Self-improvement isn't just about being the best you can be. There’s a concrete dollar value that your lack of self-belief is costing you. Now, realistically, are you going to go from $50,000 -> $1,000,000 in a year because you take a course or hire a coach? No. But you could go from $50,000 to $70,000. Then $70,000 to $100,000. Then $100,000 to $200,000... Add up the compound interest over a few decades, and the consequences of inaction easily account for millions of dollars in potential losses. So you’re right — you’re not throwing away $950,000. You’re throwing away a lot more.

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The biggest mistake I see 9-5ers make... (keeps you from financial freedom) - Find a good job - Earn 6+ figures a year - Get a nice car and apartment - Stuff everything in savings + 401(k) Tell me this. 𝗪𝗵𝘆 𝗱𝗼 𝘀𝗰𝗵𝗼𝗼𝗹𝘀 𝘁𝗲𝗮𝗰𝗵 𝘆𝗼𝘂 𝘁𝗼 𝗯𝗲 𝗮 𝗴𝗼𝗼𝗱 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗯𝘂𝘁 𝗻𝗼𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹𝗹𝘆 𝗳𝗿𝗲𝗲? Schools are missing a bunch of pieces... → Don't just earn, invest → Don't just stuff in 401k, diversify → Don't just rely on one, build 5-7 incomes → Don't just work until 70, break free now The best way to have more options in life: Buy cash flowing assets. Start with one. Then another. Then another. Before you know it... You have a portfolio of cash-flowing properties that pay you monthly. This is financial freedom. Are you building for yours? -- Join 3,700+ people getting my FREE real estate guides: marckuhn.substack.com

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My wife and I bought a $1,000,000 Airbnb by assuming a 4.5% VA mortgage ↓ This is the type of creativity I love. The stuff that most people look past of don't research enough to know about. 𝗖𝗿𝗲𝗮𝘁𝗶𝘃𝗶𝘁𝘆 = 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿'𝘀 𝗘𝗱𝗴𝗲 I wrote a deal breakdown 2 weeks ago, and it was my most popular newsletter. Wanna learn from my experience? 𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗯𝗿𝗲𝗮𝗸𝗱𝗼𝘄𝗻 𝗵𝗲𝗿𝗲: https://lnkd.in/g2v_bEQC

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I used to ride $10 bikes from the thrift store. Now I run a $25,000,000 biz... Listen: 𝗬𝗼𝘂 𝗰𝗮𝗻 𝗱𝗼 𝘁𝗵𝗶𝘀. I’m not saying your goal has the be the same as mine. Want to build an 8 figure company? Great. Want to be the world’s best father? Awesome. Want to visit all 50 states? Love it. It doesn’t matter what your goal is. 𝗪𝗵𝗮𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀 𝗶𝘀 𝘁𝗵𝗮𝘁 𝘆𝗼𝘂... 1) Set a goal. 2) Believe you can make it happen. Social media can be so disheartening. You see people talking about their $25M companies and think... “They’re so far ahead of me. There’s no way I could do that.” 𝗜𝗳 𝘁𝗵𝗮𝘁’𝘀 𝘆𝗼𝘂, 𝘆𝗼𝘂’𝗿𝗲 𝘁𝗵𝗲 𝗿𝗲𝗮𝘀𝗼𝗻 𝗜 𝘀𝗵𝗮𝗿𝗲 𝗺𝘆 𝘀𝘁𝗼𝗿𝘆. Because I need you to believe that whatever you want… It can be done. Is it going to be easy? Hell no. Is it going to be worth it? Hell yeah. If you’re someone who: - "Shouldn’t" be building a business. - "Shouldn’t" be making 6-7 figures. - "Shouldn’t" be making it out of your economic class. …You’re my kind of person. Stop doubting. Start building. Today. - - Follow me for daily motivation and join 3,800+ learning inside my newsletter: marckuhn.substack.com

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You see an ugly building. I see a ton of cash. Here's a real deal I did: - 36-unit apartment - $1.1M purchase price - $600K in repairs needed When I found this property, it was in the "death spiral." - The owner was under water - The property needed repairs - The tenants were late to pay - The owner needed an exit door The monthly income was low. And the owner had to sell to cover his debt service. (𝗧𝗵𝗮𝘁'𝘀 𝘄𝗵𝗮𝘁 𝘄𝗲 𝗰𝗮𝗹𝗹 𝗮 𝗺𝗼𝘁𝗶𝘃𝗮𝘁𝗲𝗱 𝘀𝗲𝗹𝗹𝗲𝗿.) This is what a value-add deal looks like. We were able to turn things around and unlock A LOT of value from the property. Why tell this story? Because you make money on the BUY in real estate. And creativity is essential. 𝘿𝙤 𝙮𝙤𝙪 𝙡𝙤𝙤𝙠 𝙛𝙤𝙧 𝙙𝙚𝙖𝙡𝙨 𝙡𝙞𝙠𝙚 𝙩𝙝𝙞𝙨?

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To get what you want in life... 𝗬𝗼𝘂 𝗻𝗲𝗲𝗱 𝘁𝗵𝗲 𝘀𝗸𝗶𝗹𝗹 𝗼𝗳 𝗻𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗶𝗼𝗻. Here's where people get it wrong. They think negotiation is: - Winner vs Loser - Tricking someone - Being a complete jerk 𝗕𝘂𝘁 𝘁𝗵𝗲𝗿𝗲'𝘀 𝗮 𝗯𝗲𝘁𝘁𝗲𝗿 𝘄𝗮𝘆. Especially in the game of real estate. Win-Win Negotiation. - Understand what both parties want - Collaborate with the other person - Find a solution where you both win 𝗜𝘁 𝘁𝗮𝗸𝗲𝘀 𝗰𝗿𝗲𝗮𝘁𝗶𝘃𝗶𝘁𝘆 > 𝗯𝘂𝗹𝗹𝘆𝗶𝗻𝗴. I use Win-Win negotiation in real estate, with our kids, and even with employees. It's an essential life skill! If you want to learn my strategy for win-win negotiation in real estate... 𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝘁𝗵𝗶𝘀 𝗙𝗿𝗲𝗲 𝗴𝘂𝗶𝗱𝗲: https://lnkd.in/gYsCqB68

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