Investment Property

Definition

A property you buy to rent out to strangers who will call you at 3 AM about a leaky faucet and somehow make it your emergency. It's passive income the same way running a marathon is a casual jog.

Example Usage

"I bought an investment property for passive income. There is nothing passive about a tenant who flushes action figures down the toilet on a biweekly basis." - A landlord reconsidering life choices

Related Terms

Advanced

gcfr

Ground Coverage Floor Ratio—the percentage of a lot covered by a building's footprint, regulating density and preserving open space. A municipality's way of preventing you from covering every square inch with structure.

🏠 Real Estate

Intermediate

recorded plat

An official map filed with the county showing how land is divided into lots, streets, and easements. It's the government-approved blueprint that prevents you from accidentally buying someone's driveway.

🏠 Real Estate

Intermediate

drive-til-you-qualify

The soul-crushing process of moving farther from urban centers until home prices match your budget, trading your commute time for square footage. It's the reason some people spend three hours a day in traffic.

🏠 Real Estate

Intermediate

rezoning

When city planners wave their magic zoning wands and declare that your neighbor's residential lot can suddenly become a mini-mall, or vice versa. It's the bureaucratic process of changing what you're legally allowed to do with a piece of land, often involving endless public meetings where everyone argues about traffic and property values. Democracy in action, one variance hearing at a time.

🏠 Real Estate

Intermediate

shoe leather research

Old-school market analysis conducted by physically walking neighborhoods, talking to locals, and observing street-level details that data can't capture. It's what investors did before algorithms tried to tell us everything.

🏠 Real Estate

Intermediate

points

Upfront fees paid to the lender at closing to reduce your interest rate, where one point equals 1% of the loan amount. It's buying a discount on money you're borrowing—capitalism at its finest.

🏠 Real Estate

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Intermediate

proprietary deal flow

Investment opportunities sourced through unique channels rather than pitch competitions and cold emails, giving VCs the ...