Are you ready for your next renovation or investment deal? The BiggerPockets forums contain an money fast now almost endless number of questions about how to become a better real estate investor and an almost equal number of answers. And the advice contained in those forums (and this blog of course) offers a wealth of great advice. But one thing we can all do to improve our skills—whether in real estate investing, property management, accounting, or even relationships—is the one thing we all seem to almost intentionally and quite pointlessly deprive ourselves of. If you want to become a better real estate investor (or better anything, for that matter), my first piece of advice would be to make sleep a number one priority. This became all too obvious to me after reading the great book Why We Sleep by Matthew Walker. It was (and please loans today excuse the pun) quite a wake-up call. While the book is mostly scientific in nature, I found it so enlightening as to be worth including on my list of best personal development books. Routinely loans today sleeping less than six or seven hours a night demolishes your immune system, more than doubling your risk of cancer. Inadequate sleep—even moderate reductions for just one week—disrupts blood sugar levels so profoundly that you would be classified as pre-diabetic. Short sleeping increases the likelihood of your coronary arteries becoming blocked and brittle, setting you on a path toward cardiovascular disease, stroke, and congestive loans today heart failure. For example, a study that looked at neuroimaging of rats who had just learned loans today mazes before going to sleep was quite illustrative. The second, more striking finding was the speed of replay. During REM sleep, the memories were being replayed far more slowly. It turns out that those memories are being retrieved from before sleep relative to after sleep. It turns out that those information packets were being recalled from very different geographical locations within the brain at the two different times. Before having slept, participants were fetching memories from the short-term storage site of the hippocampus … But things looked very different by the next morning. After the full night of sleep, participants were now retrieving that same information from the neocortex, which sits at the top of the brain—a money loans for bad credit region that serves as the long-term storage site for fact-based memories, where they can live safely, perhaps in perpetuity.
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That information simply never got passed into long-term memory.
It also means that we might want to start referring to so-called "muscle memory" as "sleep memory. And unfortunately, a lack of sleep, lack of sufficient sleep, or a lack of quality sleep wreaks havoc on your memory and ability to learn.
In contrast, those who napped did markedly better, and actually improved their capacity to memorize facts. Which, as you might expect, is extremely dangerous while driving and leads to an awful lot of accidents. Indeed, drowsy driving is about as dangerous as drunk driving. One study that compared how many microsleeps people had after certain levels of loans today sleep deprivation showed that 1) a lack of sleep is really bad and 2) a lack of sleep is cumulative.
The surprise was that these impairments continued to escalate at the same ballistic rate after a second and third night of total sleep deprivation, as if they would continue loans today to escalate in severity if more nights of sleep were lost, showing no signs of flattening out. First and foremost is simply to make sleep an absolute priority. Walker used to think of sleep as one of the three pillars of good health along with exercise and nutrition.
Not getting adequate sleep can screw up everything else you do in life, business, and real estate. We tend to think that working more necessarily increases productivity.
Yes, you get 18 hours awake instead of 16 if you only get six hours of sleep instead of eight. But those 18 hours will be substantially less productive (and enjoyable) than the 16. If you have serious trouble falling asleep or staying asleep, you should consider seeing a sleep doctor to see if you have insomnia or another ailment. And if you snore really badly, you may want to see a doctor regarding possible sleep apnea.
And as Why We Sleep makes perfectly clear, the costs of that epidemic are enormous. Therefore, it makes sense that farmland is the backbone of many lucrative real estate investment portfolios. With its attractive tax advantages and resilience during economic uncertainty, agricultural land is an investment option worth a closer look. Although equities, residential properties, and commercial real estate tend to get the spotlight, they can be volatile investments. While volatility is not a bad thing per se, agricultural land is becoming the choice for investors wanting long-term, online direct lender payday loans steady, reliably consistent gains.
Over any given period, farmland is going to have the least volatility among other real estate investments, making it a relatively safe place to keep capital.
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More so than with other forms of real estate investment (and more generally almost all other types of investment) there is a greater time period needed to see appreciation in land value. Crops and livestock take time to grow, and in the same way, farmland takes a while before its value increases. For the short- to medium-term, you can loan interest rate expect returns on your investment through direct income.
Which income stream you rely on depends on the level of involvement you can handle. Combined with the appreciation of the land value over the same period, the dollars can start to stack up. Uniquely, agricultural property owners can lower their tax burden by claiming depreciation on certain crops (particularly fruit and nut trees). And like other businesses, you can also build or make improvements to the property—expenses that can be deducted from your gross income. Farmland generally gets favorable tax rates in all states due to policies prioritizing agriculture. Your farmland may even be declared a conservation trust. Preserving the land as farmland will provide even more tax advantages in every state. First, it requires stringent financial planning to invest. And second, investors need a basic awareness of the type of farm they quick cash are looking to invest in. Fundrise is a real estate crowdfunding platform for non-accredited investors that you may want to check out. Also, you could go into partnership with other investors to purchase shares in a farm.
Another idea to consider is to passively invest in part of the operations of a farm. All it takes is a little preparation and creativity as you look to invest. But it does help to do some homework so you can properly assess risk against the potential for returns. All of the tax advantages, combined with investment potential, cumulatively create a strong case for investing in farmland. Like other forms of real estate, farms have their quirks.
Investigate the land, secure proper financing, and evaluate future potential growth.
As companies and consumers downsize, storage demands continue to rise. Regardless of the market, there are several risk factors that make the multifamily claim of being "recession-resistant" misleading. Similarly, using the term for any other asset class is speculative—if not entirely misguided. Even during the height of the COVID lockdowns, self-storage was considered an essential business.
So, how is it that I managed to make a move on something like self-storage even before Blackstone and Bill Gates? Well, a few years ago, as we approached the 10th year of an economic expansion cycle—which usually signals an impending recession—I started exploring assets that would be better suited to weather an economic storm. Little did I know just how lucrative it would become. But basically, it boils down to the fact that I did my homework, ran the numbers, saw it made sense, and made the leap. Well, it looks like Blackstone and Bill Gates are doing the same. And just a few days before that, Bill Gates bought an ownership stake in StorageMart.
There are a lot of people out there looking for everything. The 5-30 loans today range or 5-40 range is typically smaller than would attract the professionals. And eventually when you get good enough, then you can go compete with the people who have big teams, like me. And you could build up some good financial freedom off just buying a few of those.
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