Where cozy means tiny and charming means needs work.
Property that reverted to lender ownership after foreclosure, becoming the bank's problem instead of yours. These properties are the financial equivalent of returned merchandise.
Living or occupying space without paying rent, either through arrangement, squatting, or as a benefit. In modern slang, it's also when someone or something occupies your thoughts constantly without deserving the mental real estateālike that embarrassing thing you said in 2015. The literal version is much less psychologically damaging.
Renting with an option to purchase later, effectively allowing tenants to try homeownership before committing.
Annual rental income divided by property cost, an investment metric that helps you understand if you're actually making money.
A company that owns income-producing real estate, selling shares to investorsāreal estate for people who don't want to deal with actual property.
IRS taxation of previously claimed depreciation deductions when a property is soldāthe tax agency's way of clawing back your deductions.