All right, friend, now that you’ve gotten the basics in Part 1 of the REI Fundamentals training video — it’s time to dive in deeper with Part 2.
You now know that having a solid foundation will lead to your ultimate success as an investor.
So, Cody Sperber is back again to introduce and explain EVEN MORE critical real estate terms and definitions.
You may even want to watch both of these helpful REI Fundamentals training videos a few times to be ABSOLUTELY SURE this important information becomes fixed in your noggin’.
In this training module, you’ll learn about encumbrances — like easements or encroachments. And Cody covered deeds in Part 1, so in this video, he’s talking about deed RESTRICTIONS — the most prevalent are subdivision covenants. See, occasionally, banks put restrictions on deeds they own… but you will learn in a later session how to work around that.
Cody will explain that the most common encumbrance is a LIEN. This is any claim attached to a property to secure payment of a debt. Liens might involve:
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