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Real Estate Vocab

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