OfflineGLOSSARY of real estate acronyms. Someone had mentioned it was hard to follow when just acronyms were used in posts. If you want to add to or have a question, leave a post and we'll edit it in.
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AFD = Agreement For Deed
AFF = Automated Foreclosure Finder
AITD = All Inclusive Trust Deed
AMR = Anticipated Market Value
APN# = Assessors Parcel Number
APR = Annual Percentage Rate
ARM = Adjustable rate mortgage
ARV = After Repair Value
ASP = Anticipated Selling Price
BARM = Be a Real Estate Millionaire (Dean's book. JUST in case anyone didn't know 
)
BOM = Back On Market
BOR = Board of Realtors
BPO = Broker's Price Opinion
CAD = County Appraisal District
Cap = Capitalization
CAP = Cap Rate (NOI / Price)
CCIM = Certified Commercial Investment Member
CCR = Conditions, Covenants, and Restrictions
CDA = Confidential Disclosure Agreement
CFD = Contract for Deed
CLTV = combined loan to value. This is if you have a 1st and 2nd or HELOC on your home, it is the combined amount owned compared to the value of your home.
CMA = Comparative Market Analysis
COCR = Cash on Cash Return
COE = Close Of Escrow
COF = Cost of Funds
COO = Certificate of Occupancy
CPI = Consumer Price Index
CRB = Certified Residential Broker
CRE = Creative Real Estate
CRS = Certified Residential Specialist
DBA = Doing Business As
DCR = Debt Coverage Ratio
DIL = Deed In Lieu
DOM = Days on Market
DOS = Due On Sale Clause
DOT = Deed of Trust
DSCR = Debt Service Coverage Ratio
EM = Earnest Money
FAL = Foreclosure Alert
FCRA = Fair Credit Reporting Act
FFE = Furniture, Fixture, and Equipment
FHA = Federal Housing Administration
FHLMC = Federal Home Loan Mortgage Corporation, Freddie Mac
FMR = Fair Market Rent
FMV = Fair Market Value
FNMA = (Fannie Mae) - Federal National Mortgage Association
FRBO = For Rent by Owner
FSBO = For Sale By Owner
GMAC = General Motors Acceptance Corporation
GRM = Gross Rent Multiplier, is the price divided by the total rent. The problem with it (as opposed to the cap rate) is that it does NOT include an info on expenses
HELOC = Home Equity Line of Credit
HML = Hard money lender
HOA = Homeowners Association
HUD = Housing and Urban Development
HVAC = Heating, Ventilation and Air Conditioning
IEE = Instant Equity Exchange
IRA = Individual Retirement Account
IRC = Internal Revenue Code
IRR = Internal Rate of Return
IRS = Internal Revenue Service
L/O = Lease Option
L/P = Lease Purchase
L/S = Landlord Seller
LIBOR = London Interbank Offering Rate
LLC = Limited Liability Company
LO = Lease Option
LOA = Letter of Authorization
LOC = Line of Credit
LOI = Letter of Intent
LP = Limited Partnership
LPOA = Limited Power of Attorney
LTV = Loan-to-value ratio
MAI = Member Appraisal Institute
MAO = Maxium Allowable Offer (Typically if you can get it, it is 30% off the ARV less repairs)
MFL = Maximum Foreseeable Loss
MIP = Mortgage Insurance Premium
MLS = Multiple Listing Service
MUD = Municipal Utility District
NAR = National Association of Realtors
NDA = Non-disclosure Agreement
(also known as a confidentiality agreement)
NIV = No Income Verification
NMD = No money down
NNN = Triple Net Lease
NOD = Notice of Default
NOI = Net Operating Income (Total Income minus all expenses EXCEPT debt service)
NOO = Non Owner Occupied
NTS = notice of trustee sale
O/F = Owner Finance
OBO = Or best offer
OO = Owner Occupied
OPM = Other people's money
P&S = Purchase and Sale
PFC = Prepaid Financial Charge
PITI = principal, interest, taxes, & insurance
PMI = Private mortgage insurance
PML = Private Money Lender
POA = Power of Attorney
PR = Primary Residence
PUD = Planned Unit Development
REI = Real Estate Investing / Real Estate Investor
REIA = Real Estate Investors Association
REIT = Real Estate Investment Trust
REO = Real estate owned
ROI = Return On Investment
RTO = Rent to Own
SBA = Small Business Administration
SBC = Small Balance Commercial (under 5 million)
SEC = US Securities and Exchange Commission
SFH = Single Family House
SFR = Single-family residence
Sub2 = Buying property subject to existing financing
T/B = Tenant Buyer
TAA = Texas Apartment Association
TAR = Texas Association of Realtors
TAV = Tax Assessed Value
TIL = Truth In Lending
TREC = Texas Real Estate Commission
UBIT = Unrelated Business Income Tax
UCC = Uniform Commercial Code
VA = Department of Veterans Affairs / Veterans Administration
"Obstacles can slow you down, but they can only stop you with your permission." Dean Graziosi (BARM pg 101)
"For I know the plans I have for you," declares the Lord, "plans to prosper you and not to harm you, plans to give you hope and a future." Jeremiah 29:11
For a little about me, welcome to the site, and a few tips for new DG family members, click on this link: http://www.deangraziosi.com/user/3249
Hello brother, yes that is one of my favorite scriptures too! Another one is "My peace I leave with you, not as the world gives, I give you, be not troubled neither dismayed" John. Be encouraged my friend, how is your investing going? I have done 3 deals, wholesale. Have you?
Tony
Go faster do more! GFDM!
Thank you for the helpful list.
I like my one stop shopping on DG
Don't have to google a million different things just come to the site and find what I am looking for.
warmest regards,
Lisa Richardson
Great discussion about glossary of real estate terms. Thanks for sharing this with all of us.
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Ive been wholeselling for nearly 2 years. To be quite frank, im bored with it. The money is ok, but I want to go to the next level. Buy and hold. Could someone give me some pointers on how to get started.
thanks for doing this...