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All definitions are correct except: Leverage: using other people's money. Equity buildup: As the loan is paid, the amount an investor has invested increases, thus decreasing the loan and increasing equity. Liquidity: how fast the property can be sold. Basis: an income tax term meaning how much the property is currently worth.

Answer :

Parrain Parrain

Today at 4:56 PM

The definition that is not correct is that Leverage: using other people's money.

What is leverage?

When it comes to property, using leverage means borrowing money from a bank or financial institution.

Leverage is therefore not a simple matter of using other people's money, but rather using complex loan instruments from institutions.

Find out more on property mortgage at https://brainly.com/question/22598793.

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