Many New York residents know that investing in various types of real estate can turn into a significant source of income. However, when real estate investing comes to mind, it is common for people to think about having to purchase property, find individuals to rent or lease, or have to take many other steps to make their investments worthwhile. This approach is known as active investing, but passive investing may be a viable option for interested parties.
Owning property here in New York City can provide you with a lucrative investment. With good properties at a premium here in the City, you will more than likely profit nicely from your purchase.
Family relationships are often complicated. Though people may have a profound love for their family members, they may make decisions that have negative impacts on those family members' lives. In some cases, parties may find out that deceased loved ones' choices severely altered their lives and could wonder whether they could pursue probate litigation.
While many families may hope to come together after loved ones' deaths, that is not always the case. Some individuals -- siblings included -- could end up facing significant disputes over the remaining estate of their loved one. Such cases could escalate to points at which probate litigation may occur to have the matter formally addressed.
At any point in their lives, many people may decide to jump into a new industry for work. For some, they may find themselves interested in commercial real estate and wonder whether they could derive some income by purchasing and using, selling or renting commercial spaces. Individuals living in the state or those who are simply interested in New York commercial property may wonder how to get started.