Rick is a beginning real estate investor in New York City. He owns a rental property in Tampa and is now in the process of closing a property in Jacksonville, Fla. Both properties are financed with conventional investment loans with 20 percent down. He wrote us with two questions: . . .
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Real estate property of any kind is what lawyers call a “liability-generating asset.” Home and property owners are a steady source of income to the membership of the Trial Lawyers Association. People can slip and fall on your property, or someone can get sick from chemicals found on your property, or someone can slip and fall on your sidewalk, . . .
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