Lifestyle
3 Myths About Owning An Apartment Complex
Investing in apartment complexes can result in outstanding returns. Some surveys have found that owning a commercial investment property can net a 9.75% return per year!
Several myths about owning commercial real estate tend to discourage investors from taking the plunge, however. Consider the misconceptions below before you decide on owning an apartment complex.
And remember, you can rely on an experienced property management company to help you manage your investment and make your life a lot easier.
It Costs Too Much
It’s inarguable that most apartment complexes cost anywhere from $500,000 to multiple millions. But if you think that means you must be independently wealthy before you can invest, that’s not the case.
There are many excellent financing options that can enable you to buy apartment buildings and other commercial real estate. You will have to furnish a down payment in the range between 5% and 20% of the price of the building, but you can usually finance the rest at a low interest rate.
Your personal credit may be a factor in whether you receive the loan, but it’s more important for you to show that the property will generate enough cash flow to cover your mortgage and expenses. Also, you should have a sufficient amount of remaining funds for repairs and your profit.
The FHA offers several fantastic financing options with low down payments and interest rates for apartment complexes, so make sure to ask your loan officer about that financing option. But remember, you should have plenty of cash reserves in the bank when you buy an apartment complex so you’re ready for any unexpected expenses that come up.
Strong Housing Market Damages Apartment Demand
We are seeing strong demand for single-family homes in the US in 2021. So apartment demand must be plunging, right?
If this were true, apartment demand would have dropped during the real estate boom that peaked in 2005 and 2006. But demand for apartments rose alongside housing demand during this period. Why is that?
Evidence suggests that when the housing market is strong, demand rises for all kinds of living spaces, from houses to condos to apartments. There are many reasons for that, but most of it boils down to the health of the economy in general.
The same factors that lead to a strong housing market create demand for apartments to rise as well. So if you own an apartment complex and you see houses selling like hotcakes in your city, you can expect increased demand for your apartments. You might even be able to raise rents!
You Can Do Your Own Repairs
One way to save money when you own investment properties is to do the repairs yourself. This can be a great strategy if you know how to handle common maintenance issues, such as fixing the plumbing, minor electrical problems, etc.
But when you own an apartment complex, you may find yourself having to spend far too much of your time repairing the building than on other parts of your business. Even if you have the skill to do the repairs, your time has value.
There are other tasks that you may want to focus on to grow your business. This is why many apartment complex owners hire a property management company to handle the day-to-day needs of running an apartment building.
Your property managers can do everything from screening tenants to collecting rent to repairing the toilets. That frees you up to devote your energies to other parts of your business, and you’ll have more time to see your kids too!
Owning an apartment complex can generate outstanding cash flow for you, but it’s necessary to understand all the ramifications of ownership. If you keep the above myths in mind, you’ll have a better chance of owning a profitable building.
Lifestyle
How Critical-Thinking Skills Will Enable Your Kids to Battle Misinformation
Michael Currier of Massachusetts is an unvaccinated gastroenterologist and entrepreneur, and he’s seen misinformation firsthand. He’s long been teaching his kids how to spot misinformation, but they were naturally skeptical when they didn’t hear it from anyone but him. However, the right books taught his kids how to combat misinformation, and they will teach your kids too! If you’re wondering how to raise independent thinkers who can spot misinformation, the Tuttle Twins books are essential tools for your toolbelt.
How Critical Thinking Combats Misinformation
When kids can think critically, they become able to evaluate the credibility of sources and look for evidence, also identifying their own and others’ biases. Critical thinkers don’t just passively absorb information; they take it apart piece by piece to see what makes it “tick.”
Critical thinkers question the credentials of an author or source, alongside their motivations and whether they provide supporting evidence that goes beyond just statements that require trust. Kids who can think critically also spot confirmation bias, which is the tendency to believe something that fits in well with the thinker’s current belief system or worldview. This reduces demand for fake news that simply elicits an emotional reaction.
When your kids can think critically and independently, they will also be able to spot logical fallacies, like drawing causal conclusions from data that’s simply correlational. Critical thinkers can also tell the difference between scientific evidence and someone’s opinion.
Independent, critical thinkers don’t just read a page. They look up information from other trusted sources to verify that the original source is accurate. Critical thinking also encourages a healthy skepticism that causes independent thinkers to pause and assess emotionally charged content before they spread it around, realizing that misinformation frequently exploits outrage or fear.
Critical thinkers can also recognize propaganda tactics such as loaded language, false dilemmas, and “alternative facts.”

Photo: Tuttle Twins
Seeking Out Books that Teach Critical Thinking
At this point, parents wondering how to raise independent thinkers will want to look for books that teach critical thinking, like the Tuttle Twins series. The Tuttle Twins books explain things like misinformation, freedom of speech, and even the World Economic Forum while explaining that certain people get to decide what is and isn’t misinformation.
Books that teach critical thinking don’t just present facts. They encourage kids to analyze, evaluate, and put together arguments, frequently shining a light on logical fallacies and biases while calling for active application instead of a passive taking-in of information. Books that teach critical thinking will help you with how to raise independent thinkers by guiding you and your child through reasoned questioning and requiring evidence behind facts.
The Tuttle Twins series wraps every lesson in an engaging story that doesn’t just teach the information presented. The Tuttle Twins books also encourage all the above elements found in books that teach critical thinking. You can even enhance the critical-thinking skills embedded in all the Tuttle Twins books by pausing throughout the story and asking open-ended questions such as: What do you think the character should do next? What were some alternate solutions to the problem? What do you think could have been the consequences of those solutions?
Books that teach critical thinking like the Tuttle Twins series will go a long way toward helping you learn how to raise independent thinkers. They will also help you create special moments with your kids that they’ll remember forever! Join the growing number of parents who don’t want their kids to just be passive absorbers of information.
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