Other People's Money (OPM)

Another residence in addition to the main residence where a person or family resides. An example is a second home out of the city used on weekends and during vacations. Interest and real ...

A roof having two slopes on each side. The second slope is longer than the first part of the roof and extremely steep. ...

Rent that a comparable property would mandate in a given real estate rental market. Market rent is a competitive rate based on rents other comparable properties receive. For example, in a ...

Total expenditure to modernize a building to meet the owner's or tenant's needs. ...

The term straight note in real estate is also known as a promissory note. A straight note is defined as a loan agreement that generally requires payments of interest only over the term of ...

Interest a person pays before it is actually incurred. An example is a one year's interest that a borrower agrees to pay in advance to a bank on a mortgage. This rarely occurs. ...

Through real estate properties, many individuals of varying degrees of expertise find ways to make money. The real estate industry allows these practices as real estate properties are ...

Approach to valuing property based on its replacement cost. The cost of each major element of the property per square foot is added together and multiplied by the total space to estimate ...

As Charleston, SC is located in the middle of South Carolina’s oceanfront, the city manages to attract an increasing number of new residents every year as well as visitors who come ...

Basic points relates to changes in the interest rate for your home. ...

With its location only 30 minutes away from Wilmington, North Carolina, the small community of Hampstead, NC, is one of the best places to live in North Carolina. But before you start ...

You’re researching your options regarding a homeowner’s insurance policy and you’re wondering which to get; there are so many! Then, your real estate agent, a great ...

Foreclosures are often financially devastating for those that fall victim to them. Far from the least of the problems that foreclosure will inevitably lead to is the negative impact on the ...

If you are thinking of selling your house, any real estate investor or developer would suggest that you use one of the easiest techniques in order to increase its value in the eyes of any ...

Finding a good place to live is a very disputed topic amongst many people because what is good in one person’s eyes might not be the same for others. There are many factors to ...

The capital of the nation. The home of the three branches of government. With Virginia and Maryland framing its borders, the city of Washington D.C. is home to over 700,000 people. With a ...