Land
Vocabulary
Vocabulary
This is assigned by your local tax assessment office and is used to help identify your property for tax, title, deed and property line reasons.
What is the Parcel ID Number?
If I had a problem while talking to a seller and wanted to get a second opinion on the situation/problem where in the discord would I post my question?
What is the "questions-hub channel"
This is the agreement that is between the seller and the whole seller or end buyer?
What is a Purchase & Sales Agreement
This is the first step to discover an area to wholesale land.
What is Market Research
This is the number used to identify the parcels of land without full addresses
What is an APN/PID
How to determine the exact form, boundaries, position, extent of the property.
What is a Survey
This is where you can review any of the weekly Discord video calls.
What is the "Zoom-reply-hub" channel
This is the agreement between the whole seller and the end buyer/investor.
What is an Assignment of Contract
After choosing a market these are the people that we reach out to in order to determine their market criteria
What is Marketing to buyers/investors
This is a nonrefundable deposit from the end buyer/investor
What is EMD
What is it refers to whether the lot has access to water, power, & sewer services
What are Utilities
This is here you find links to CRM systems, Skip Tracing Companies, and Dialers?
What is the Tool-systems channel
This the process that title company preforms after getting both the purchase & Sale agreement and Assignment of contract for the wholesaler
What is a Title search
These are the people that we reach out to to see if they’re interested in a cash offer
What are sellers/land owners
This is the information collected from the investor/cash buyer from initial contact
What is Buyers/Investor Buying Criteria
A recorded agreement between a property owner & non-owner to utilize a portion of land for a specific purpose, such as a utility easement & accessing power or gas lines
What is an Easement
This is where can you find different investors buying criteria
What is the "Buyer Criteria Log" category
Documents needed to perform a double close
What is:
(1) A-B Purchase & Sales Agreement - For Seller
and
(1) B-C Purchase & Sales Agreement - For Buyer
These are the needed documents to proceed in-order to get your first deal
What is P&S Agreement & Assignment of Contract
This is the 1 requirement to submit any leads/deals to EDB Investments Solutions or any EDB Academy Admin
What is under contract
The distance between the front & rear of a lot and the width of a lot
What is the lot Depth & Frontage
Adrienne, Niall, Cherrelle, and Elijah are considered what roles in the Discord
What is an Admin
The seller nor the buyer wants to continue with the contract/agreement.
What is a cancellation agreement
The place/institution that you will submit both P&S Agreement and Assignment of Contract to.
What is the Title company
Geographic information system abbreviation
What is GIS