Community
This community is one of the most expensive in the city, and is one of Calgary's oldest neighborhoods, being established in 1910.
Parkhill or Stanley Park?
APR
Annual Percentage Rate
Assigning contracts for a fee without taking ownership is called what?
Wholesaling
Homebuyers should factor in the money they’ll need beyond a down payment. These additional fees and expenses, which can be anywhere from 2% to 5% of the home loan, are collectively referred to as what?
Closing Costs
BRZ
What is Business Revitalization Zone?
DAILY DOUBLE
This community has been relocated 3 times, and now resides on the South side of the Bow River(on both the East and West sides of Center Street).
China Town
This happens if a homeowner doesn’t make a mortgage payment (usually, for more than 90 days).
Foreclosure
An essential skill for a successful wholesaler where you anchor low
Negotiation
DAILY DOUBLE
Selling a house for less than the mortgage is worth with the approval of the lender, is what kind of sale?
Short Sale
R-MH
Residential designation for Mobile Home Parks
This perspective community boasts the largest population of over 25k residents.
Panorama Hills
This ratio is the mortgage loan balance divided by the home’s value.
LTV or Loan to Value
This group of people pay the wholesaler's fee for each transaction.
Buyers
Amendment
R-G
Low Density Mixed Housing
This is one of the best communities for fix and flips and was established before Calgary was a city!
Bowness
PITI
Principal, interest, taxes, and insurance, and refers to the sum of each of these charges, typically quoted on a monthly basis.
DAILY DOUBLE
This is an important factor to consider when determining the wholesale price of a property.
Market value
This is the ideal type of property in our buy box..
Single Family or bungalow
DAILY DOUBLE
M-H2
Multi Residential High Density Medium Rise District
This community offers riverside cafes and unique single family homes all in a regal setting.
Kensington
PUD
Planned Unit Development
Price, Motivation and Timelines are referred to as what?
The Trifeca
This the financial difference between the fair market value of the property and the amount still owed on its mortgage.
Equity
DC
A customized land use designation.