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Question
You are offered a four-unit residential building in which each unit rents for $500 per month. Given a 5 percent vacancy rate, operating expenses of $700 per month, and mortgage payments of $1,500 per month, you can anticipate a monthlya. net spendable income of $200.
b. net spendable income of $300.
c. negative cash flow of $200.
d. negative cash flow of $300.
Answer
This answer is hidden. It contains 103 characters.
Related questions
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The term "undivided interest" means
a. each co-owner has the right to use the entire property.
b. when one co-owner dies, the remaining co-owners acquire his interest.
c. the property has not previously been sold.
d. no co-owner can sell his interest.
Q:
A deed grants a parcel of land to Betty and Art, with no further distinction as to tenancy. Betty and Art would own the property as
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b. community property.
c. partners.
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a. Limited partnership
b. Joint tenancy
c. Ownership in severalty
d. General partnership
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a. two or more persons have identical interests in the same property concurrently.
b. husband and wife share ownership of the same property.
c. property is owned by one person.
d. two or more persons own the same property in any form of title.
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When real property is taken by means of eminent domain, the government has to pay the landowner fair market value.
Q:
A property owner leases a house to a tenant until a buyer is found for the house. Such a tenancy is called a
a. periodic tenancy.
b. tenancy at will.
c. tenancy in common.
d. tenancy for years.
Q:
Which of the following is a non-freehold estate?
a. Tenancy by the entirety
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c. estate held by a remainderman
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Q:
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a. Paid property taxes
b. Easements
c. Mortgages
d. Right of way
Q:
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a. laws of agency.
b. eminent domain.
c. police power.
d. escheat.
Q:
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a. zoning.
b. eminent domain.
c. appropriation.
d. police power.
Q:
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b. its size and weight.
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Q:
Regarding real property,
a. mineral rights must run with the land.
b. air rights can be granted by deed.
c. annual crops are considered real property because they are attached to the land.
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Q:
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a. Trade Fixtures
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Q:
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Q:
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Q:
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Q:
a. adjusted sales price k. front-foot basisb. ad valorem tax l. improvement districtc. amount realized m. installment methodd. appropriation process n. long-term capital gaine. assessed value o. mill ratef. assessment appeal board p. public improvementg. assessment roll q. special assessmentsh. basis r. tax certificatei. conveyance tax s. tax deedj. documentary tax t. tax lien1> a tax expressed in tenths of a cent per dollar of assessed valuation2> according to value3> a document issued at a tax sale that entitles the purchaser to a deed at a later date if the is not redeemed4> the enactment of a taxing body's budget and sources of money into law5> a book that contains the assessed value of each property in the taxing district6> a document conveying to property purchased at a tax sale7> a value placed on a property for the purpose of taxation8> assessments levied to provide publicly built improvements that will primarily benefit property owners within a small geographical area9> a charge or levy based directly on the measured distance that a parcel of land abuts a street10> sales price of a property less fix-up costs and sales commissions, closing and other selling costs11> a preferential income tax treatment on the sale of an appreciated asset before 198712> sale of an appreciated property structured to spread out the payment of income taxes on the gain13> hears complaints from property owners regarding their assessments14> a state or local tax charged on deeds at the time of recording15> the geographical area which will be assessed for a local improvement16> an improvement that benefits the public at large and is therefore financed by general property taxes17> a charge or hold by a government against property to ensure the payment of taxes18> the price paid for property; used in calculating income taxes19> a fee or tax on deeds and other documents payable at the time of recordation20> selling price of a home less selling expenses
Q:
A man bought a home two years ago and sold it a year later. You would expect to find his name and a reference to the home in the mortgagee index.