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WRE 101 Quiz Flashcards | StudBud
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WRE 101 Quiz
WRE 101 Quiz
12 terms
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Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
What is the "cap rate" in real estate investing?
The rate of return on an investment
A government-imposed limit on property prices
A type of tax
The rate of property depreciation
2
What is the difference between residential and commercial real estate?
No Difference
Residential is for family living, Commercial is for business
Both are for building wealth
Residential Housing
3
What are the pros and cons of investing in rental properties?
Steady income, Cons: Time and maintenance.
Quick profits, Cons: Long-term commitment
None of the above
Pros: Risky income, Cons: Steady expenses
4
How do real estate investors typically finance their investments?
Winning The Lottery
Donald Trump
Bank loans, personal savings, hard money loans, partnerships.
Selling Drugs
5
What is "house flipping"?
Buying and selling a house quickly for profit.
Long-term property investment
Creating house blueprints
Wealth
6
Who is Ron's NEXT SUCCESS STORY?
ME!
My Ex
I don't know
Dan The Man
7
What are the different types of real estate investment?
None of the above
Residential, Agricultural
Commercial, Agricultural, Land
Residential, Commercial, Industrial, Retail
8
What is a REIT?
Real Estate Investment Trust
Real Estate Igloo
Real Estate India Tractor
Real Estate Incentive
9
1. What is real estate investing?
Flipping Houses
Trading Stocks
HGTV
Purchase and management of properties for profit
10
What does "cash flow" mean in the context of real estate investing?
Initial investment cost
Net income after expenses
Monthly rent charged to tenants
Total property value
11
What is a property appraisal, and why is it important?
It's a type of insurance
It's an aesthetic evaluation for interior design
It estimates market value and is essential for financing
It's not important
12
How does it take Ron's 1:1 Mentoring student to get a deal?
All Eternity
NEVER
5 Months
2 Weeks
