Real Estate Investor Test

[Monica Abeyta]

Hi BP!

I have been doing tons of research for my first investment. During my studies, some of the sites I have stumbled across have interesting little quizzes to test Investor Knowledge.

I wanted to do something fun here so…

Hypothetical Question:

If Real Estate Investor's needed to pass a test to get a license in Investing and you were responsible for creating that test, what questions would you include and why?

Here is a list of questions, off the top of my head, that I have put together so far. Feel free to comment with your questions for the test.

What is the difference between Private and Hard Money Lenders?

What is the most important goal when making a deal?

What is the difference between Owner Financing and Bank Financing?

What is the difference between Wholesalers and Bird Dogs?

How can you recognize a lender scam?

What are the key details that differentiates Fix and Flip from BRRRR?

What is an efficient way to analyze a rental market?

What is the 2% rule and why would some investors shy away from it?

What is the 1% rule?

What is the 70% rule?

What is the 50% rule?

How many maximum units can you buy before you have to get a commercial loan?

What does ARV Mean?

What does Cash on Cash return mean?

What is the formula for Cash on Cash Return?

What is Cap Ex?

What is Cap Rate?

What is NOI?

What is ROI?

What is Pro Forma Cap Rate?

What tools do you need to screen a tenant?

What is the difference between a Real Estate Agent and a Broker?

Is networking important to Real Estate Investing and why?

What is the maximum loans you can obtain with Conventional Financing?

What is the difference between a portfolio lender and a commercial lender?

What is syndication?

What does Subject To mean?

What is a common way to buy distressed properties?

What does Amortization mean?

What is a 1031 exchange?

What is a 203k loan?

What is FHA?

What is HUD?

What is the SEC?

What does foreclosure mean?

Thanks BP! Best of Success to all of you!