Real Estate Investing Glossary

This glossary explains the real estate investing terms we use across Fernwood’s articles, guides and monthly market reports. Each entry gives a plain definition, why it matters to a Las Vegas investor, and links to the articles where we discuss it in more depth.

The definitions are general information. They are not tax, legal or lending advice, so speak with a qualified professional about your own situation.

Financing and Closing

• Down payment
• Mortgage
• Refinance
• Cash-out refinance
• Closing costs
• Escrow
• Interest rate

Returns and Analysis

• Cash flow
• Net operating income
• Return on investment
• Equity
• Leverage
• Rent growth
• Gross rent
• Vacancy rate

Tax and Legal

• 1031 exchange
• Like-kind property
• Depreciation
• Cost segregation
• Capital gains
• Cost basis
• LLC
• Real estate professional status

Property Operations

• Property manager
• Tenant screening
• Eviction
• Security deposit
• HOA
• Landlord insurance
• Rent control
• Deferred maintenance
• Capital expenditures

Market Measures

• Months of supply
• Days on market
• Inventory
• Median price
• Seller's market
• MLS
• Submarket

Strategy and Property Types

• Single-family home
• Multi-family property
• Short-term rental
• Turnkey property
• Passive income
• Buy and hold
• Fix and flip
• REIT

Looking for a place to start? Read our investing articles or contact Fernwood to talk through your goals.