The Seven Rules of Real Estate Investing

Rule TWO: Know The Terminology

It's okay for this to be an ongoing venture. You don't need to even try to conquer it all before you begin but please, please, learn some things about real estate.

As you network and meet people they're building their little data file about you. If you don’t use the words correctly or try to sound more knowledgeable than you are, they're going to tell themselves this person doesn't know what he or she is doing. You don't have to know everything. But you do need to know the basic terminology. Learn the terminology, learn the words that you're supposed to use, whether you're talking about the contract, transfer of property, or, the parts and pieces of the house. Don't be afraid to ask questions but, do your homework first.