Glossary of Real Estate Terms

Glossary of Real Estate Terms

GLOSSARY 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 Smiling)

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


Glossary of Real Estate acronyms:

If you think of anything to add or have a question, leave a post and we’ll edit it in. I started to add definitions, but they got kind of long.

__________________

"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


Good Info Rina

Pretty soon we will all be old hands in real estate

__________________

Anita
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TWITTER - anitarny / FACEBOOK - anitarny

"FAILURE IS NOT AN OPTION"


Thanks.

Yes, we will!

__________________

"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


???????

Why what ever do you mean Rita???????

All these long nites on dg.com getting to you huh...lol

__________________

Anita
******************************************
TWITTER - anitarny / FACEBOOK - anitarny

"FAILURE IS NOT AN OPTION"


:-)

Smiling (Leave it there. it'll make me smile every time I see it.)

__________________

"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


FMV = Fair Market ValueOO =

FMV = Fair Market Value
OO = Owner Occupied
NOO = Non Owner Occupied
GRM = Gross Rent Multiplier
NOI = Net Operating Income (Total Income minus all expenses EXCEPT debt service)
CAP = Cap Rate (NOI / Price)


ARV

ARV = After Repair Value

__________________

Don't Wish the Past, Create the Future! - DH


Thanks

Thanks for the glossary!

Shonda


You're welcome.

I needed it, too. Smiling Thanks, guys, for helping!

__________________

"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


Max offer

MAO = Maxium Allowable Offer

Typically if you can get it, it is 30% off the ARV less repairs = MAO

__________________

Don't Wish the Past, Create the Future! - DH


just the acronym?

D, did you want me to put the second line in, too, or just the acronym? Does it look OK up there?

__________________

"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


Great Job Rina!

Thanks Rina, you did great!

I will edit it now and again to combine them all into your original post.

Thanks to all who are helping to add, you are all doing superb! It's great to watch everyone chip in and help share knowledge that is key to building wealth through real estate.

Thanks again!
-DGadmin


Thanks, DG!

Thanks, DG!

__________________

"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


I too appreciate the list!

I too appreciate the list! Great idea Rina!

__________________

Laurie


Thanks LBN. If you find any

Thanks LBN. If you find any more, put them in. I'm sure there's a lot more. Smiling
Rina

__________________

"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


new one

SBC - Small Balance Commercial (under 5 million)

__________________

Anita
******************************************
TWITTER - anitarny / FACEBOOK - anitarny

"FAILURE IS NOT AN OPTION"


thanks anita. I think I'm

thanks anita. I think I'm going to stop saying "thanks" every time & just put them in. hope that's ok, but Thanks ahead to everyone!

Do you think DG wanted me to still add them, and he'll just check in? Or do you think he wanted me to let him (them) do it now?

__________________

"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


send pm

and ask him. he should be in pretty soon.

__________________

Anita
******************************************
TWITTER - anitarny / FACEBOOK - anitarny

"FAILURE IS NOT AN OPTION"


DG?

This might be a silly question and my apologies, but who is DGadmin? Dean Graziosi? Im pretty new at this Smiling

Thanks


he is...

The site administrator. Not a silly question unless you dont ask it. (smile)

__________________

Anita
******************************************
TWITTER - anitarny / FACEBOOK - anitarny

"FAILURE IS NOT AN OPTION"


Glossary

Very helpful Rina, appreciated!

JButcher


another one

DOM = Days on Market

__________________

Don't Wish the Past, Create the Future! - DH


sweet idea guys

mark put up GRM= gross rent multiplier, anyone know the definition? THANKS,SULLY.

__________________

YOUR HERO, SULLY


Over coming fear and procrastination

I have been trying for 2yrs now to really get off the couch, and take action!
When I first started after investing $33,000.00 in a 4 Day Mentor Program with a
Real Estate Investment Organization I won't mention. I was at it for six months nothing happen. I became frustrated felt like a failure; took to the couch.
Now I have this renew interest. I really want to make this work, and get back some of the money I've invested. Not to mention I want to retire from my dead end job in 2years. It looks like 4yrs the my retirement package is looking.
I really want to help my Daughters. One is a single Mom with two boys.
I know too much information.
I really want to do this!!! I need a Mentor someone who is going to hold me accountable. When I become overwhelmed, frustrated, disgusted, and want to take to the couch. Can I get some Help!!!!!


Hi sneely5101!

First, you know no one can do it for you, right? It looks like you really want to get up and get going. That's the first step, and you've taken it by joining us! It shows that you're just fed up with the way things are. Well, if you're serious about this, you have come to the right place! There are a lot of go-getters in here, and if you REALLY, REALLY want us to, we will help you hold yourself accountable.
I've been thinking about putting in a forum where people can post their everyday activity in real estate. That might motivate us to get away from the computer each day to actually get out there & do some action that we can come back & report to each other.
Sneely5101, I'm going to put that in now, under "Real Estate Investing: My Deals", and I'd love to hear from you soon.
I know you're just starting, but read Dean's book, read through the forums. If you have questions, by all means ask! And then DO! You have what it takes!! Just build on that determination; add knowledge and experience! And we're here to cheer you on!!
Good luck! This is the first day of the best of your life!

Rina

__________________

"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


Holding Me Accountable!

That is the challenge! It's like I can see myself doing this, but I'm stuck in "The Mud" and can't get my feet moving. My first challenge is to declare procrastination dead!!, stay off the couch, and write it down if I don't write it down it won't get done. This is a big step for me!! It's going to take some discipline for me. This is a real life changing experience for me. There I've said it; it's out there. I'm out of the closet so to speak. Now that everyone knows my secret.

Yes; keep me accountable!!
Please!!!


OK, then!

Like I said, nobody can do it FOR you, but we'll help. I want you to post each day, wherever you want, something new that you've learned or an action that you've taken to move ahead! And it has to be at least 2 ACTIONS per week. We'll start with that, and I'll bet in no time you won't need anyone to hold your hand.

Have fun!
Rina

__________________

"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


GRM

sully wrote:
mark put up GRM= gross rent multiplier, anyone know the definition? THANKS,SULLY.

GRM 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.


Thanks!

This was so helpful. Thanks to all of you!


another real estate term

CLTV combine loan to value. This is if you have a 1st and 2nd or HELOC on your home, it is the combine amout owned compared to the value of your home.

__________________

If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125


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