We are going to start a new series of common real estate terms that come up during the course of any real estate transaction.
Whether you are currently renting, maybe even still living at home, buying your first home or looking to invest in real estate, you will most likely come across many of these terms.
Absentee Owner: Is an individual who owns a piece of real estate but does not live in it. Also known as a Landlord. In addition, to an individual home owner, the owner of the property may also be a corporation or a real investment trust (REIT).
Types of Real Estate an Absentee Owner Owns: It may be a single property such as a house or condominium, but it can also be an apartment or a commercial business.
Why become a Absentee Owner: The primary goal of absentee owners is to generate and leverage income from their real estate investments in forms of rental income and future capital appreciation.
Check back to find out what is next on our Glossary of terms..
If you are considering becoming an absentee owner/investor, please don't hesitate to contact us to review your a strategy so we can ensure your target profits are met. We continually come across properties throughout the Southern California that may be beneficial to your holdings.
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