Vocab
Abbreviations
Abbreviations
A PROPERTY’S POTENTIAL WORTH AFTER NECESSARY REPAIRS/UPGRADES/ADDITIONS ARE MADE TO MEET CURRENT MARKET VALUES.
WHAT IS AFTER REPAIR VALUE
First step before cold calling a new investor.
Check Salesforce to make sure they are not a disclosed buyer with another agent already.
P.L.L.C.
Professional Limited Liability Corporation.
Used by realtors and other professionals for tax benefits/deductions.*To legally receive real estate commissions to this LLC/PLLC you must register your full name with the DPBR as… (ex.) - Kevin Conrad PLLC
First tier of Bonus (17%) on Sales is achieved by?
3 closed/recorded transactions within the same month.
The measure used to calculate the profitability of an investment by comparing the gain from investment to its costs.
(investment value - investment costs) divided by (investment costs)
ROI
Formula most frequently used for Investors buying Multi-Family properties.
Hint: It’s a percentage %
(Net Operating Income (NOI) / Property Market Value)
= Cap Rate
Tax strategy - used by investors to avoid capital gains tax by exchanging their current investment property for an equal or greater value without paying taxes on the profit.
*investor must choose replacement property within 45 days and complete the exchange within 135 days*
1031 Exchange
The county that Port Saint Lucie,FL is in
St.Lucie County
County where Stuart,FL is located.
Martin County