Owning income property brings about an attractive offer. By renting out a home, the money from the tenants creates a passive income stream. Passive income allows the property owner to earn money while seemingly not doing very much. In some cases, this is exactly how things play out. Assuming that renting out property only has upsides and easy money wouldn’t be correct, though.
When looking at the geographical makeup of America, one of the things that is constantly mentioned is the difference between rural and urban America. The differences between rural and urban cities can be complex, but some economists and geographers have tried to explain this perceived divide by looking at some data.
Of all areas of law, real estate is one of the most complex. From ever-changing zoning laws to understanding the various types of contracts involved with the many different types of transactions, it can be very difficult to stay up-to-date with this area of law.
Condemned — just the sound of the word seems like it’s bad news. Although most condemned buildings are often done so for unsafe or unsanitary reasons, that is not always the case because condemned buildings may also help the environment and community.
Buying a home? Leasing commercial space? Purchasing a piece of land? You probably want to consider talking to a real estate attorney before making any big decisions and signing on a dotted line. If you don’t know a lot about real estate law, or law in general, you may want to consider doing some background research and asking these questions before you formally hire an attorney.