Expanding REI Vocabulary

[Aaron Toliver]

So I hope you all will indulge me here. I just thought it would be a fun little excercise. I'd like for you to imagine this is a high school course called Introduction To Real Estate. The intention is to steer the students towards real estate investment. I'd like to make a list of terms and concepts that I need to be intimately familiar with. I'll start.

Real Estate - property comprised of land and the buildings on it as well as the natural resources of the land including uncultivated flora and fauna, farmed crops and livestock, water and minerals. Although media often refers to the "real estate market" from the perspective of residential living, real estate can be grouped into three broad categories based on its use: residential, commercial and industrial. Examples of residential real estate include undeveloped land, houses, condominiums and townhomes; examples of commercial real estate are office buildings, warehouses and retail store buildings; and examples of industrial real estate are factories, mines and farms."

-Investopedia

There are plenty of terms and concepts an aspiring Real Estate Investor needs to know to be competent. So everyone throw one into the pot.