Income Property | Real Estate Glossary

Definition of "Income property"

Real estate bought and leased to tenants to obtain rental income.

Insurance for which premiums are charged according to the size of the face amount of the policy, so ...

Bond given by a building contractor to a public authority and guaranteed by a third party, usually a ...

Make changes to existing property. Example are putting in a new bathroom, kitchen, or basement ...

Restitution or compensation for harm or wrong done. ...

In between, intermediate, intervening; passing an interest from a principal to a second party and th ...

Institutional investment sold by life insurance companies that guarantees principal and offers withd ...

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

To begin, you\'ll need to figure out what your gross income is (before taxes) monthly and yearly. T ...

Homeowners insurance is an insurance policy that combines personal liability insurance and hazard in ...

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