Archives for “Study Notes”

Competitive Market Analysis: you estimate the value of a property by comparing to recent nearby sales or listings of similar properties. You get neighborhood data, site data, and building data, and then you hit the charts.

Leverage is investing with other people’s money.

You pay interest first.

Land ownership includes rights to air above and ground below (minerals, water, and oil)

Ownership = rights over something:
- posses (use, let others use, keep other from using)
- enjoy (don’t have to deal with others)
- control (change it to your liking)
- dispose (pass it to someone else)
Two types of property: real and personal
- real = not movable (ie. land)
- personal = movable
Real Property
- land
- anything permanently attached to it
- [...]

California Department of Real Estate (DRE) website, the California market, and a few terms