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Real Estate Vocab
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Downside of Flipping?
Improvement costs, might not be able to sell it for as much as you put in, property taxes
Downside of Buy and Hold
Price could go down before you're ready to sell, maintenance, property tax
Downside of rental income
Maintanece, property taxes, dealing with tenants,
The money that comes in and out of a property
Cash Flow
When the value of a property increases
Appreciation
The loan you get to purchase a property
Mortgage
Ownership
Equity
Land and buildings
Property
Purchase a house and someone else lives there and pays you money
Rental Income
Purchase something and don't sell it, hoping it increases in value
Buy and Hold
Buy a property, fix it up and sell it for more
Flipping
Property with no buildings
Land
Property where manufacturing occurs
Industrial Properties
Property used for typical day to day businesses (sales, office space, etc)
Commercial Properties
Properties where people live
Residential Properties
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