SPRINGFIELD
GENERAL
WHOLESALE
REIG HISTORY
ACRONYMS
100
Median gross rent in 2015.
What is $690?
100
Term used to describe a professional estimate/opinion on the value of real estate.
What is an APPRAISAL?
100
Bandit Signs, Post Cards, & Ads
What is MARKETING?
100
The very first REInvestorGroup meeting held!
What is QDOBA MEXICAN GRILL on Kansas & Republic Road?
100
REO
What is REAL ESTATE OWNED?
200
Estimated median house or condo value in 2015.
What is $113,500?
200
This event occurs when a property owner defaults on his/her mortgage agreement with a bank or other creditor.
What is a FORECLOSURE?
200
A list of people that purchase deals.
What is a BUYER'S LIST?
200
Number of sub groups.
What is FOUR (4)?
200
NOI
What is NET OPERATING INCOME?
300
This Springfield zip code has the highest median price of homes.
What is 65809?
300
The power to take private property for public use by a state, municipality, or private person or corporation authorized to exercise functions of public character, following the payment of just compensation to the owner of that property.
What is EMINENT DOMAIN?
300
When a seller takes the place of a purchase contract.
What is AN ASSIGNMENT?
300
First REIG Executive Director.
Who is KENDALL FORTNER?
300
MLS
What is MULTIPLE LISTING SERVICE?
400
This was the Median real estate property taxes paid for housing units with mortgages in 2015.
What is $967?
400
Absolute ownership of real property.
What is FEE SIMPLE?
400
When a property is sold at a price less than what is owed.
What is A SHORT SALE?
400
Founders of SPRINGFIELD REIG.
Who are SEAN SCHOONOVER & BRAD MONCADO?
400
HML
What is HARD MONEY LENDER?
500
The percentage of rental vacancies.
What is 6.23%?
500
Defects that are not visible or apparent (as opposed to patent defects).
What are LATENT DEFECTS?
500
When the intended purpose of an agreement or arrangement can no longer be achieved; in most cases, this releases the parties from their obligations.
What is FAILURE OF PURPOSE?
500
Year REInvestorGroup started.
What is 2010?
500
MAO
What is MAXIMUM ALLOWABLE OFFER?
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