CASHYN HOMES: AS Team Challenge

Community

100

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?

200

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

300

This perspective community boasts the largest population of over 25k residents.

Panorama Hills

400

This is one of the best communities for fix and flips and was established before Calgary was a city!

Bowness

500

This community offers riverside cafes and unique single family homes all in a regal setting.

Kensington

Terms/Abbreviations

100

APR

Annual Percentage Rate

200

This happens if a homeowner doesn’t make a mortgage payment (usually, for more than 90 days).

Foreclosure

300

This ratio is the mortgage loan balance divided by the home’s value.

LTV or Loan to Value

400

PITI

Principal, interest, taxes, and insurance, and refers to the sum of each of these charges, typically quoted on a monthly basis.

500

PUD 

Planned Unit Development

Day to Day

100

Assigning contracts for a fee without taking ownership is called what?

Wholesaling

200

An essential skill for a successful wholesaler where you anchor low

Negotiation

300

This group of people pay the wholesaler's fee for each transaction.

Buyers

400

DAILY DOUBLE 

This is an important factor to consider when determining the wholesale price of a property.

Market value

500

Price, Motivation and Timelines are referred to as what?

The Trifeca

Money Matters

100

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

200

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

300

Making adjustments to the offer is referred to as what?

Amendment 

400

This is the ideal type of property in our buy box..

Single Family or bungalow

500

This the financial difference between the fair market value of the property and the amount still owed on its mortgage.

Equity

Zoning

100

BRZ

What is Business Revitalization Zone?

200

R-MH

Residential designation for Mobile Home Parks 

300

 R-G

Low Density Mixed Housing

400

DAILY DOUBLE

M-H2

Multi Residential High Density Medium Rise District

500

DC

A customized land use designation.