Knowledgebase
All of Think Realty's extensive content archive is at your fingertips. Filter by media type and keyword to hone in on exactly what you need.
Knowledgebase
All of Think Realty's extensive content archive is at your fingertips. Filter by media type and keyword to hone in on exactly what you need.
A type of property that generates the majority of its revenue from the rental of dwelling units. Not to be confused with single-family residential (SFR), although some investors use the terms interchangeably ...
A residential home that is used for the housing and care of elderly residents. The RAL provides room, board, housekeeping, supervision, and personal care and assistance with Activities of Daily Living (ADLs). Additionally, there is the “Golden Girls” model, which provides housing, but does not provide care ...
The act of adapting something that was used for one purpose to serve a different purpose ...
Refinancing involves taking out a new loan on a property. Typically, a refinance involves consolidating debt, obtaining a lower interest rate, or otherwise procuring some advantage over the previous financing terms ...
The action or process of converting waste into reusable materials. These materials may be less expensive or more durable than new materials, but not always ...
A person appointed to take temporary legal possession of a mortgaged property in order to pay expenses, maintain the property and any associated income, and turn accounts over to the court ...
A realtor, as defined by the National Association of Realtors (NAR) is a federally registered collective membership mark which identifies a real estate professional who is a member of the NAR and subscribes to its strict code of ethics. The NAR emphasizes that the term Realtor(R) may only be used ...
When investors pool financial and intellectual resources to invest in properties and real estate projects larger than they could afford or manage on their own, they are practicing real estate syndication. A partnership between two or more investors. In most real estate syndications, the sponsor puts the deal together and ...
Real Estate Secured Promissory Notes
A promissory note, also known as a mortgage note, holds real estate as its collateral. The note, for short, details exactly how, when, and where a borrower will make payments and explains different payment default scenarios and potential outcomes. One of those outcomes if the note is secured by real ...
Any professional offering a service related to real estate or whose business model revolves around any part of the real estate investing process. Real estate professionals include agents, property managers, general contractors, and real estate investors ...
Property that is owned by a lender after a foreclosure ...
A self-directed individual retirement account holding real estate investments. These accounts can hold almost any alternative asset, but investors who focus on real estate often refer to them as real estate IRA’s instead of simply self-directed IRA’s ...
Real Estate Investment Trust – REIT
A REIT is a company that owns, operates, and/or finances some type of income-producing real estate. REITs are available to investors in the form of shares that may be bought, sold, and traded much like stocks and other securities. REITs are designed to be more liquid than physical real estate ...
A unique piece of physical property, both the land and the buildings on it ...
A provision often included in adjustable rate mortgages (ARMs) that limits how much the interest rate can increase over a predetermined period of time. Some ARMs have a lifetime cap as well as a cap for certain periods of adjustment ...
Think Realty Podcast #264 – Texas and the Blue Bell Philosophy
00:23:25 | If you’re investing in real estate in Texas, there are 2 names you need to know: Shenoah Grove and Blue Bell. Shenoah Grove runs Texas' largest association of real estate investors with meetings in Austin, Houston, Dallas, and San Antonio. She sat down with Eddie to chat about ...
A legal instrument used to transfer interest in a property. A quitclaim deed does not necessarily ensure clear title, since a grantor can sign a quitclaim deed even if they have no interest in the property ...
A legally binding agreement that allows a buyer the option to purchase something at a predetermined price on or before a predetermined time. These options have real value and may be bought and sold independently of the purchase item in most cases unless the option excludes this ...
An agreement between a buyer and a seller of a piece of real estate defining the terms under which the transaction may be completed. In some cases, this agreement may be assigned to another party ...
An individual in charge of regular maintenance of a rental property ...
Certain transactions within a retirement plan that violates Internal Revenue Code 4975. Prohibited transactions include, but not limited to, living or utilizing the property owned by your IRA, using your IRA to buy property from a disqualified person, and creating a situation where you or a disqualified person to you ...
Private Mortgage Insurance (PMI)
Private mortgage insurance is designed to mitigate a lender’s risk on a loan. Borrowers with lower credit scores, lower down payments, and other potentially problematic issues with their loan could be required to purchase and pay PMI on their property until a certain equity threshold or payment history is established ...
A non-institutional lending entity that may be an individual or a company. Private lenders may also be called “non-bank lenders” and tend to lend based not only on conventional creditworthiness but also on the value of the collateral and other more custom considerations. Find out more about private lenders (and ...
The market where borrowers and mortgage originators (usually banks, mortgage brokers, or credit unions) come together to negotiate terms for loans and conduct mortgage transactions ...
Personality Profile Assessment
A short, standardized, objective assessment designed to help employers, managers, and team captains assess whether current and potential team members have the aptitude and affinity for specific tasks, projects, and roles in the company and on their specific team ...
