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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.

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.