Real Estate Glossary: Important terms you need to know

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Knowing all the terminology is helpful so you can have conversations and be able to further your learning in real estate.

17 Steps to Buy Your First Home

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Buying your first home is usually the biggest purchase of your life! Read these tips to help your first property be a successful one.

Crash Course: Tips for getting a good mortgage and more

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Getting a mortgage isn't as simple as picking the option with the lowest monthly payments. There are many more variables you should consider which could save you tens of thousands of dollars.

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All Ideas

1. Fix and Flip
Fixer-uppers on the market tend to be listed at incredibly enticing price points, and that leads many investors to considering them very seriously.

Fixer-uppers on the market tend to be listed at incredibly enticing price points, and that leads many investors to considering them very seriously.

2. HSMC (Airbnb without owning a home)
If you don’t already know, Airbnb essentially lets you become your own hotel. Millions of people are making money by listing an extra bedroom, entire home or unused space on Airbnb and renting it out to travellers.

If you don’t already know, Airbnb essentially lets you become your own hotel. Millions of people are making money by listing an extra bedroom, entire home or unused space on Airbnb and renting it out to travellers.

3. REITs
REITs allow you to invest in real estate without having to buy your own property. They are very similar to stocks but for real estate!

REITs allow you to invest in real estate without having to buy your own property. They are very similar to stocks but for real estate!

4. Fundrise
Fundrise lets anyone invest in real estate regardless of their income or net worth. It's an online investing platform and their website says, "Invest in million-dollar deals without writing million-dollar checks."

Fundrise lets anyone invest in real estate regardless of their income or net worth. It's an online investing platform and their website says, "Invest in million-dollar deals without writing million-dollar checks."

5. Real Estate ETFs
If you like the thought of investing in REITs, you should also be considering real estate ETFs.

If you like the thought of investing in REITs, you should also be considering real estate ETFs.

6. Multifamily Properties
If you want to bring in more than one paycheck a month, a multifamily property is a great way to do it.

If you want to bring in more than one paycheck a month, a multifamily property is a great way to do it.

7. Airbnb Rentals
AirBnB is an app where millions of people are making money renting out their extra bedroom, entire house or unused space to travellers.

AirBnB is an app where millions of people are making money renting out their extra bedroom, entire house or unused space to travellers.

8. Commercial Real Estate
Commercial real estate is similar to renting out residential property, except with a few more complications and the potential of being even more lucrative.

Commercial real estate is similar to renting out residential property, except with a few more complications and the potential of being even more lucrative.

9. Crowdfunding Real Estate
Do you like the thought of a more passive real estate investment strategy? Crowdfunded real estate is one alternative to traditional REITs that’s worth looking into.

Do you like the thought of a more passive real estate investment strategy? Crowdfunded real estate is one alternative to traditional REITs that’s worth looking into.

10. Primary Residence
Owning your home is the most common and well-known real estate investment. You don't get cashflow from tenants but you make money from the appreciation of your home if you decide to sell it in the future.

Owning your home is the most common and well-known real estate investment. You don't get cashflow from tenants but you make money from the appreciation of your home if you decide to sell it in the future.

11. Property Manager
A property manager (also called estate manager) is a person or a company who is hired to operate a real estate in exchange for a fee. Usually, property owners hire a property manager when they don’t have the time or are unable to manage the property on their own.

A property manager (also called estate manager) is a person or a company who is hired to operate a real estate in exchange for a fee. Usually, property owners hire a property manager when they don’t have the time or are unable to manage the property on their own.

12. Long Term Rentals
Just about everyone has dreamed up being a landlord at some point or another. What could be better than owning your own property (or an entire row of them) and having tenants cover the mortgage and then some each month?

Just about everyone has dreamed up being a landlord at some point or another. What could be better than owning your own property (or an entire row of them) and having tenants cover the mortgage and then some each month?

13. Real Estate Mutual Funds
Similarly to REITs and REIT ETFs, real estate mutual funds are yet another passive investment opportunity for someone looking to get started with little up-front and on-going obligation.

Similarly to REITs and REIT ETFs, real estate mutual funds are yet another passive investment opportunity for someone looking to get started with little up-front and on-going obligation.

14. Raw Land
While raw land in itself won’t produce a profit, it can be an excellent strategy for real estate investors seeking a low-competition, low-barrier-to-entry investment option.

While raw land in itself won’t produce a profit, it can be an excellent strategy for real estate investors seeking a low-competition, low-barrier-to-entry investment option.

15. Sandwich Lease Option
OVERVIEW

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16. Real Estate Notes
This is perhaps the most advanced form of real estate investing you can try out, hence why it’s placed as one of the last strategies. This is a very much hands-on investment strategy and it does take a great deal of research and knowledge in order to be profitable.

This is perhaps the most advanced form of real estate investing you can try out, hence why it’s placed as one of the last strategies. This is a very much hands-on investment strategy and it does take a great deal of research and knowledge in order to be profitable.

17. Tax Lien Certificates
If you have been tempted by the idea of buying real estate notes, you will likely also be considering tax-lien certificates. This is also an advanced strategy best reserved for experienced investors who have money to gamble with.

If you have been tempted by the idea of buying real estate notes, you will likely also be considering tax-lien certificates. This is also an advanced strategy best reserved for experienced investors who have money to gamble with.

18. Farm Land
Often overlooked by real estate investors, farm land can be a smart type of property to put your money into.

Often overlooked by real estate investors, farm land can be a smart type of property to put your money into.

19. Two Year Flip Strategy (Tax-Free)
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OVERVIEW

20. Mobile Home Parks
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