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Home Categories Real Estate Investing Commercial property refers to property used specifically for business or income. Offender refers to the state of arrears. The Direct Participation Program, or DPP, offers investors access to business cash flow and tax incentives. Pressure selling occurs when the seller urgently needs to sell an asset, often to pay debts or medical expenses, or in other emergencies. A deposit is, in fact, a deposit that the buyer pays for the house he wants to buy. Effective gross income is calculated by adding the potential gross rental income to other income and subtracting the vacancy and loan costs of the rental property. An encumbrance is a claim made on property by someone other than the current right holder. An escrow agreement is a legal document that sets out the terms and conditions between the parties as well as the responsibilities of each of them. “Flip” is a term that can have several meanings in the investment world. Functional obsolescence is the reduction in the usefulness or desirability of an object due to an obsolete design feature that is not easily changed.