Spectrus - Investment Real Estate Glossary - H
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- High-rise
- Generally a building that exceeds 6 stories in height and is equipped with elevators.
- Home equity line of credit
- A mortgage loan, which is usually in a subordinate position, that allows the borrower to obtain multiple advances of the loan proceeds at his or her own discretion, up to an amount that represents a specified percentage of the borrower's equity in a property.
- Homogeneous
- Uniform, of like characteristics or quality. Opposite of heterogeneous. The values of an area tend to be maximized when properties are homogeneous because low-valued or unusual properties are likely to reduce the value of other nearby properties of higher cost.
- Holding period
- The time span of ownership, often for investment real estate.
Please visit the Spectrus FAQ page for more answers to your investment real estate and 1031 exchange questions.
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