Real estate has been generally good to me over the past 35 years. While in the lumber business, moonlighting and for briefly full time, I've built several spec homes, remodeled houses and developed a small subdivision on a former Christmas tree farm on the edge of town. My most successful investment I started was in 1989 and I just sold this business about a year ago. Was a small town self storage business of 74 units. Basic 30 x 100 post frame buildings, roll up doors, concrete floors with vapor barriers and security lights. No climate control. Had good monthly cash flow and, unlike rental houses, there was no heat, water heaters, furnaces, plumbing fixtures or utility liens, no section 8 headaches and it was "diversified in risks" - in other words if someone was late or didn't make a payment and I was almost fully rented out, plenty others WERE on time with their payment thus I didn't have to sweat making my mortgage and electric bill that month just because 1 or 2 people didn't didn't pay me on time. Just used an answering machine and returned peoples calls after I got off work. Met with them evenings and on weekends to do the contracts.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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