A house fits the definition of “Real Property”. There are two types of house properties: the first is the typical one – you are going to live in the house; the second is typical, too but is quite a bit different for your investment portfolio – you are not going to live in the house but you are going to lease it to someone else and they will pay you something to live in the house. We are going to do an exercise on buying a house you to live in. (We will be using each of the terms in “PITI”. If you need refreshing, see the previous post.) . . . → Read More: Real Estate – Part B (Example of Buying a House)