Key TakeawaysA real estate agent is licensed to assist buyers and sellers with real estate transactions; a Realtor is a…
Key TakeawaysREO (Real Estate Owned) properties are lender-owned assets — banks and servicers typically sell them at a discount to…
Key TakeawaysBRRRR (Buy, Rehab, Rent, Refinance, Repeat) is a strategy to recycle capital: buy distressed property at below-market price, renovate,…
Key TakeawaysAn escalation clause automatically increases your offer above a competing offer by a set increment, up to a maximum…
Key TakeawaysTenancy by the entirety is a form of joint ownership available only to legally married couples — it includes…
Key TakeawaysHouse hacking means owner-occupying a multifamily property (duplex, triplex, or fourplex) and using rental income from other units to…
Key Takeaways'Clear to close' (CTC) is a lender's confirmation that all underwriting conditions have been met and the loan is…
Key TakeawaysTitle vesting determines how you own a property — sole ownership, joint tenancy, tenancy in common, community property, or…
Key TakeawaysCapital gains on real estate are the profit above your adjusted cost basis — purchase price plus improvements made…
Key TakeawaysThe foreclosure home buying process: find properties (courthouse steps, bank REO listings, HUD Home Store), conduct title and lien…