Real Estate Careers
Helps people sell or buy properties
Real Estate Agent
Opportunity Cost
Most common property that Real Estate investors rent
Single Family homes
The most common form of investing, this strategy involves purchasing a property and renting it out for an extended period of time
Buy and Hold
The most overlooked thing when renting out a property.
Screening tenants
Similar to agents, the only difference is, however, who they work for. They have the option to work either independently or to start their own firm.
An increase in the value of a property. This can be due to many different factors, including changes in the market and inflation.
Appreciation
Most common way to invest in Real Estate with no money
Borrow other peoples money
The practice of buying a piece of real estate at a discounted price, improving it in some way, and then selling it for financial gain.
House Flipping
Quickest and most efficient way to level up in Real Estate investing?
Find a mentor.
Helps clients with obtaining a loan to buy a property. This means they collaborate with buyers to finance their purchases within their budget.
Real Estate Loan Officer
The most common type of loan out there. It's the most readily accepted by sellers because it's straightforward, and without any hoops for the seller to jump through
Conventional Loan
Property used exclusively for business-related purposes or to provide a workspace rather than a living space, which would instead constitute the residential real estate. Investing in Government owned properties and Corporate buildings.
Commercial Real Estate
Strategy of purchasing a small multifamily property - usually a duplex, triplex, or fourplex - using one unit to live in and renting out the other units
House Hacking
Refinancing is when you replace an existing loan with a new loan.
Professionals who apply their skills to the legalities behind property disputes. For example, when there’s an issue with the title, documentation, transfers, or other legal problems,
Real Estate Attorney
Type of loan used to purchase or maintain a home, land, or other types of real estate.
Mortgage
Land on its own that can be improved to add value, and it can be leased or rented to create cash flow
Raw Land
4 main benefits of Real Estate investing
Cash flow, appreciation, depreciation, tax benefits
What are the 3 most important things when buying a rental property?
Location, Location, Location!
How to acquire brokerage license?
Depending on your state’s requirements, you must spend 1 – 3 years working as a real estate agent first before you can apply for a broker license. You may also be required to complete a training course and pass the broker licensing examination.
It allows you to deduct the costs from your taxes of buying and improving a property over its useful life, and thus lowers your taxable income in the process.
Depreciation
Singularly owned property that contains two or more residential housing units
Multifamily properties
Popular investment strategy that involves buying fixer-upper rental properties, repairing them, leasing them out to great tenants, refinancing to get your money back, and then repeating the process all over again.
BRRR method
What is the BRRRR method backwards?
Repeat, Refinance, Rent, Rehab, Buy.