Many men in the Omaha area provide for their families in part by buying additional properties and then either re-selling them or renting them to tenants. These properties may be other homes in Douglas County or Sarpy County, or they may be commercial property.
Given enough time and effort, some men may even be able to act as a landlord as full time, as the rental income and other money they make can be quite substantial.
However, owning a lot of real estate has its drawbacks and complications. One of these complications will come up in the event of a high-asset divorce or legal separation. This is because the investment property the man owns, even if it is in his name alone, will in all likelihood be part of the property division between his spouse and him.
Because the property may get divided in some manner, a man should have some idea of how much his investment properties are worth. When preparing to take a divorce to court or even when negotiating with one’s spouse, it is generally a good idea to get the help of an experienced attorney.
After all, putting a value on one’s real estate, especially investment real estate, has both legal and financial components. At a minimum, an experienced Nebraska attorney can help an owner of investment property identify the right financial or real estate expert who can help him put an accurate value on his property.
Still, there are some general concepts a Nebraska resident can keep in mind so as to estimate the value of the real estate he owns. For instance, in some cases, it might make sense to think about how much income the property is going to bring in via rent over the years as opposed to just comparing the building to the sale prices of similar properties.