Justin Yoder
In which state was Justin born?
What is North Carolina?
This term refers to the right to use someone elses land for a specific purpose.
What is easement?
What is an adjustable-rate mortgage? (ARM)
This type of inspection checks a property for structural, mechanical, and safety issues.
What is a home inspection?
This type of loan allows a home owner to access equity without selling their home. Often used for renovations or debt consolidation.
What is a home equity loan?
Justin's favorite food.
What is a cheeseburger?
The legal process of transferring property from one owner to another?
The percentage of a home's purchase price that a lender provides?
What is a loan to value ratio?
This is a good faith deposit showing a buyers commitment to purchasing a home.
This type of rental property is renting out for short term periods.
What is a short term rental?
Justin's biggest fear.
What is heights?
The document that outlines the history of ownership and any leans or claims on the property.
What is a title report?
A government-backed loan program designed for military service members.
What is a VA loan?
This tax benefit allows real estate investors to deduct a portion of the properties value each year due to wear and tear.
What is depreciation?
What is August of 2017?
What is seller disclosure?
A home owner rents out part of their property to cover part of their mortgage.
What is house hacking?
In real estate, this term describes the gradual repayment of a loan through regular payments that cover both principal and interest.
What is amorization?
This strategy allows an investor to defer capital gains tax.
What is a 1031 exchange?
How many rental properties does Justin own?
What are 11 rentals? (8 different properties)
This type of insurance is required by most lenders, and protects them if the borrower defaults on the loan.
What is private mortgage insurance? (PMI)
A metric that measures the investors return on actual cash invested.
What is cash on cash return?
This type of financing allows a buyer to take over the sellers existing mortgage. Often at a lower rate than current market rates.
What is an assumable mortgage?
This investment method involves buying a distressed property and renovating it and selling it for a profit.
What is flipping?