Real Estate Basics

_________ is the process of committing money and resources on real estate properties with the intention of earning profit from them instead of buying them for personal use.

• Real Estate Investing

• Real Estate

What is Real Estate?

• Act of committing money with profit in mind

• Branch of Science that deals with houses

• Property consisting of land and any improvements on it

• Study of houses

_________________ is land lording at a larger scale.

• Trust fund

• Real Estate Investing

• Escrow

• Property Management

Wholesaling, Flipping and Landscaping are the 3 exit strategies in REI.

• TRUE

• FALSE

The investor buys, makes repairs if needed, then rents out to property to other individuals.

• Landlording

• Turn Key Strategy

• Rehabbing

• Wholesaling

A property is considered ______ when it is in a state of severe disrepair.

• dilapidated

• distressed

• demolished

• indelible

•  Involves purchasing a property, then immediately selling it to another buyer at a higher price.

• Assignment of Contract

• Rehabbing

• Double Close

• Prehabbing

This REI department deals with the process of identifying, evaluating, and purchasing properties.

• Disposition

• Acquisition

• Multiplication

• Division

Rhiya purchased a property in Dallas for $619,000. After closing the deal, she immediately contacted her friend who was looking for a property in the said area.

Rhiya sold the property for $630,000 after her friend agreed to purchase it.

Which exit strategy was used here?

• Wholesaling

• Flipping

• Rehabbing

• Landlording

Juswa found a nice property in San Diego that needed some minor repairs. He purchased it for $137,000 and updated it.

After the updates, he leased it to tenants who signed an annual contract. 

He is currently earning $1300 every month in rent money.
Which exit strategy was used here?

• Flipping

• Wholesaling

• Landlording

• Turn Key Strategy