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PROPERTY FLIPPING#1
The process of buying properties, renovating them, and selling for profit within a short timeframe.
MARKET ANALYSIS#2
Evaluating real estate market trends, property values, and neighborhood dynamics to make informed investment decisions.
RENOVATION#3
Improvements made to a property to enhance its value, appeal, or functionality before selling.
BUDGETING#4
Creating a financial plan that outlines expected costs for purchasing and renovating a property.
RETURN ON INVESTMENT (ROI)#5
A measure of profitability calculated by comparing the gain or loss from an investment relative to its cost.
PROPERTY VALUATION#6
The process of determining a property's worth based on various factors, including location and condition.
COMPARATIVE MARKET ANALYSIS (CMA)#7
A method of evaluating property values by comparing similar properties in the same area.
FIXER-UPPER#8
A property that requires repairs or renovations before it can be sold at a higher value.
REAL ESTATE AGENT#9
A licensed professional who assists buyers and sellers in real estate transactions.
CLOSING COSTS#10
Fees and expenses incurred during the finalization of a real estate transaction, often paid at closing.
FLIP STRATEGY#11
A plan detailing how to purchase, renovate, and sell a property for profit.
PROPERTY LISTING#12
An advertisement that provides details about a property for sale, aimed at attracting potential buyers.
TARGET MARKET#13
The specific group of potential buyers that a property is marketed towards.
REHAB#14
Short for rehabilitation, it refers to the process of renovating a property to improve its condition and value.
SWOT ANALYSIS#15
A strategic planning tool that evaluates the Strengths, Weaknesses, Opportunities, and Threats related to a property investment.
MARKETING STRATEGY#16
A plan that outlines how to promote and sell a property effectively.
LEGAL COMPLIANCE#17
Ensuring that all aspects of a property transaction adhere to local laws and regulations.
CONTRACT#18
A legally binding agreement between parties involved in a real estate transaction.
ESCROW#19
A financial arrangement where a third party holds funds or assets until specific conditions are met.
RENTAL INCOME#20
Revenue generated from leasing a property, which can impact overall investment strategy.
DEPRECIATION#21
The reduction in property value over time, often considered in investment calculations.
FINANCING OPTIONS#22
Various methods available for funding a property purchase or renovation, including loans and mortgages.
PROPERTY INSPECTION#23
A thorough examination of a property's condition, often required before purchase.
ZONING LAWS#24
Regulations that dictate how a property can be used, affecting potential renovations and investments.