General Knowledge
What is a real estate investment?
Real estate investing involves the purchase, management and sale or rental of real estate for profit
What do SMART goals stand for?
specific, measurable, achievable, relevant, and time-bound
Name and describe an investment stratgedy?
Rental properties, Real estate investment groups and House flipping
Why do investors want to own multiple properties?
Build portfolio diversity, own properties and make more money
What are ways to get started as a teen?
Use and online real estate investment platfrom, speak with a professional and build your own credit score
What are the risks of house flipping?
Risk that the property won't be sold but also the small time frame given to turn over a profit
What are 2 pros of real estate development?
Appreciation, Tax flow, equity and cash flow
What are alternatives to real estate?
Putting money into real estate without directly investing in property, real estate investment trusts (REITs) or exchange traded funds or mutual funds
What is the easiest way to get into investments and why?
Real estate invesment groups and wholesaling
What are 3 cons of real estate development?
Money, time, long term issues and weird tennets
Name 5 possible setbacks
Market Fluctuations
Property Maintenance and Repairs
Vacancy and Rental Income Fluctuations
Regulatory and Legal Issues
Property Management Challenges
Limited Liquidity
Property Depreciation and Obsolescence
What do you do before investing in real estate?
INVEST IN YOURSELF.