Real Estate
What is the minimum age requirement to own a property.
18 and older
Give an example of a collectible with a high value shown within the presentation.
Pokemon cards.
Define, "Real Estate".
Land and anything attatched to it, such as buildings or natural resources.
What do home values depend on.
Size, condition, quality, location, schools, transportation, jobs, and public services.
How is the gold price fluctuate?
As international tensions ease or the political situation stabilizes, the price of gold falls.
Define the term, "Diversify" in terms of today's lesson.
To vary investment plan (or portfolio) might include real estate, stocks, bonds, and commodities.
What do you get by investing in Real Estate.
The there could possibly be an income.
What is the average difference between the retail price of precious gems and the selling rate.
10-15%
What are examples of valuable precious metals?
Silver, Gold, and Platinum
Scenario:
Timmy wants a house but doesn't have enough budget to afford an expensive one as well as having it to be built quickly. He also doesn't care about the space. What house should he buy.
What is the best way to verify a precious gem's value?
Checking it at the Gemological Institute of America.
Give an example of an undeveloped property. (Place)
A place in the middle of nowehere with a railway network coming across.
Timmy buys a house with the value of $30,000 with a morgage loan, what's the down payment.
Around $6000
What would a wise collector do to prevent fraud.
Learn everything about the product, only do deals with reputable dealers, and be alert of schemes and scams.
To buy a house, you must talk to a _______?
Real Estate Agent.