Module 1 Quiz

Test your understanding of real estate fundamentals. 15 questions.

What is Equity?

The total value of a property Property value minus mortgage owed The monthly mortgage payment

What does ARV stand for?

Annual Rental Value Average Resale Value After Repair Value

The standard 70% rule accounts for:

Only the buyer's profit Profit, holding costs, and closing costs Just the repair costs

A property with $300K value and $120K mortgage has what LTV?

40% 60% 120%

Which comps should you AVOID using?

Properties sold in the last 60 days Similar bed/bath count in same neighborhood Active listings (not yet sold)

What is a Cap Rate used for?

Calculating flip profit Comparing rental property returns Determining mortgage rates

For a landlord buyer, you should use which rule?

75% rule (they can pay more) 65% rule (need more margin) 50% rule (cash flow focus)

Which seller situation typically has the MOST equity?

Pre-foreclosure Recently purchased Inherited property (probate)

In wholesaling, your "spread" is:

The difference between ARV and purchase price The difference between your contract price and buyer's price The repair costs estimate

The 1% rule for rentals means:

Monthly rent should be at least 1% of purchase price Annual return should be 1% Vacancy rate should be under 1%

Quiz Complete!

0/10

Great job! You've mastered the fundamentals.

IPM Capital Solutions is a property acquisition company serving homeowners in Texas, Georgia, and Tennessee with fast, fair cash offers.