A real estate investment purchase rent-ready, often with a tenant already in place paying rent. A property purchased for the express purpose of renting it out. A turnkey investment may already have...
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Turnkey Provider
An investment company that offers turnkey properties or transactions to other “passive” investors. Turnkey providers locate properties, renovate them, usually place tenants, and may provide property...
Turnkey Property
A turnkey property has historically been defined as a piece of real estate that can be purchased as-is and immediately rented out. Turnkey has expanded in recent years to include anything that can...
Traditional IRA
A tax-favored retirement account that provides a tax deduction for contributions and tax-free compounding of profits. Income taxes are due when withdrawals are made.
Title Search
The process of researching the history of legal ownership for a specific property and identifying any existing claims on that property. Claims may include ownership interests, judgments, and liens....
Title Insurance
An insurance policy that protects the holder of the policy, who may be a real estate owner or a lender, from financial loss due to defects in the title of a property.
Term Financing
A loan with a specific repayment schedule and a fixed or floating interest rate.
Tax Sale
An auction at which investors bid on properties with delinquent tax liens. In some states, investors pay a price for the lien, while in others, investors may bid down the interest rate on the lien.
Tax Lien
Government entities place liens against properties to compel the owners to pay back taxes. If the taxes remain unpaid, then that lien may be used to seize the collateral (property). When you buy a...
