Investment Property

  

That big fat commercial building that was falling apart. It had asbestos to be removed, leaky pipes, and reportedly a spirit...who was pissed you were buying the place at a steep discount.

So you hired pros to removed the asbestos, ninja plumbers to deal with the leaky pipes, and of course you asked, "Who you gonna call?" So you did.

And after buying the building for $10 million and spending $8 million to fix it, you began renting out what went from a dump to a Class A Investment Property, producing rental income back to you. Nice work if you can get it.

Find other enlightening terms in Shmoop Finance Genius Bar(f)