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
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
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"
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
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
"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 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 = After Repair Value
Don't Wish the Past, Create the Future! - DH
Thanks for the glossary!
Shonda
I needed it, too.
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
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
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
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!
"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! Great idea Rina!
Laurie
Thanks LBN. If you find any more, put them in. I'm sure there's a lot more.
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
SBC - Small Balance Commercial (under 5 million)
Anita
******************************************
TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
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
and ask him. he should be in pretty soon.
Anita
******************************************
TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
This might be a silly question and my apologies, but who is DGadmin? Dean Graziosi? Im pretty new at this
Thanks
The site administrator. Not a silly question unless you dont ask it. (smile)
Anita
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TWITTER - anitarny / FACEBOOK - anitarny
"FAILURE IS NOT AN OPTION"
Very helpful Rina, appreciated!
JButcher
DOM = Days on Market
Don't Wish the Past, Create the Future! - DH
mark put up GRM= gross rent multiplier, anyone know the definition? THANKS,SULLY.
YOUR HERO, SULLY
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!!!!!
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
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!!!
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 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.
This was so helpful. Thanks to all of you!
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