What is an Income Property?
An income property is a property that is purchased and held for the purpose of generating rental income. Examples of income properties...
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professor566
Mar 171 min read
What is an Improvement?
An improvement is any addition or alteration to real property that enhances its value or usefulness. Examples of improvements include...
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professor566
Mar 161 min read
What is an Implied Warranty of Habitability?
An implied warranty of habitability is the unwritten warranty that all rental properties must be livable and meet certain minimum...
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professor566
Mar 151 min read
What are Impact Fees?
Impact fees are charged by a local government to developers to offset the impact of a new development on public services, such as...
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professor566
Mar 141 min read
What is a Habendum Clause?
A Habendum Clause is the a part of a deed that defines the estate being granted and the heirs or assigns who will inherit it. Would you...
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professor566
Mar 131 min read
What is a Home Equity Line of Credit?
A Home Equity Line of Credit or HELOC is a line of credit that allows homeowners to borrow against the equity in their home. The interest...
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professor566
Mar 121 min read
What is a Home Inspection?
A Home Inspection is a visual examination of a home's condition, performed by a qualified professional, to identify any existing or...
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professor566
Mar 101 min read
What is a Home Owners' Association?
A Home Owners' Association (HOA) is an organization that manages a community of homes. HOAs typically have fees that homeowners must pay,...
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professor566
Mar 91 min read
What is Homeowners Insurance?
Homeowners Insurance is a type of insurance that protects homeowners from financial losses caused by damage to their property, as well as...
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professor566
Mar 81 min read
What is Highest and Best Use?
Highest and best use is the most profitable and appropriate use of a piece of real estate. When considering the highest and best use of a...
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professor566
Mar 71 min read
Who is a General Contractor?
In the construction industry, a general contractor (GC), also known as a main contractor, prime contractor, builder, or contractor, plays...
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professor566
Mar 61 min read
What is a Gain - in Real Estate?
A gain in real estate refers to the increase in the value of a property over a specific period. It's calculated by subtracting the...
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professor566
Mar 51 min read
Who is a Grantor?
A grantor is the person or entity transferring ownership of a property to another individual or entity through a deed. They are...
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professor566
Mar 31 min read
What is a Gable Roof?
A gable roof is a common roof style characterized by two sloping sides that meet at a ridge in the middle, forming a triangle shape at...
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professor566
Mar 21 min read
What is a Gross Lease?
A gross lease is a type of lease agreement where the tenant pays a flat rental amount and the landlord takes care of all operating...
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professor566
Mar 11 min read
What is Ginnie Mae?
The Government National Mortgage Association (GNMA), also known as Ginnie Mae, is a government-owned corporation within the U.S....
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professor566
Feb 291 min read
What is a FHA Loan?
A FHA Loan is a type of mortgage loan insured by the Federal Housing Administration (FHA). FHA loans are popular for first-time...
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professor566
Feb 281 min read
What is Fee Simple?
Fee Simple is the most complete and unrestricted ownership interest in real estate. With a fee simple title, you have the right to use,...
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professor566
Feb 271 min read
What is Financing?
Financing is the process of obtaining a loan to purchase real estate. Financing typically involves working with a mortgage lender to get...
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professor566
Feb 251 min read
What is a Fixer-Upper?
A fixer-upper is a property that needs repairs or renovations before it can be lived in. Fixer-uppers can be a good investment for buyers...
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