If you invest in real estate property that isn’t considered fee simple ownership, you can run into many problems - contractually, financially, and emotionally. Though knowing the vast list of real estate vocabulary may seem inconsequential, that knowledge can be the difference between a profitable deal and a deal that turns into a financial nightmare. This is where fee simple ownership comes in.
Secondly, you want to ensure that your purchase of the subject property gives you the full ownership rights associated with renovating, selling, or renting the property to others. As a real estate investor, there are two critical things to consider when looking at buying a property.įirst, you need to verify that the person you purchase an investment property from has the full and legal right to sell the land and the buildings on it.
