Investors Lounge Online

Abbreviations

AFD - Agreement For Deed

AITD - All Inclusive Trust Deed

APN – Assessors Parcel Number

APR - Annual Percentage Rate

ARM - Adjustable Rate Mortgage

ARV - After-Repaired Value

BOR - Board of Realtors

CAD - County Appraisal District

Cap - Capitalization

CCIM - Certified Commercial Investment Member

CCR - Conditions, Covenants, and Restrictions

CFD - Contract for Deed

CLTV - Combined Loan To Value

CMA - Comparative Market Analysis

COCR - Cash on Cash Return

COF - Cost of Funds

COO - Certificate of Occupancy

CRB - Certified Residential Broker

CRE - Creative Real Estate

CRS - Certified Residential Specialist

DBA - Doing Business As

DCR - Debt Coverage Ratio

DOS - Due On Sale Clause

DOT - Deed of Trust

DSCR - Debt Service Coverage Ratio

EPA - Equity Purchase Agreement

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 - Federal National Mortgage Association, Fannie Mae

FRBO - For Rent by Owner

FSBO - For Sale by Owner

GMAC - General Motors Acceptance Corporation

GRM - Gross Rent Multiplier

HELOC - Home Equity Line of Credit

HML - Hard Money Lender

HOA - Homeowners Association

HUD - Housing and Urban Development

HVAC - Heating, Ventilation and Air Conditioning

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

LLC - Limited Liability Company

LOC - Line of Credit

LOI - Letter of Intent

LP - Limited Partnership

LPOA - Limited Power of Attorney

LTV - Loan to Value

MAI - Member Appraisal Institute

MAO - Maximum Allowable Offer

MIP - Mortgage Insurance Premium

MLS - Multiple Listing Service

NAR - National Association of Realtors

NIV - No Income Verification

NNN - Triple Net Lease

NOD - Notice of Default

NOI - Net Operating Income

NOO - Non-Owner Occupant

O/F - Owner Finance

OO - Owner Occupant

P&S - Purchase and Sale

PITI - Principal Interest Taxes Insurance

PMI - Private Mortgage Insurance

POA - Power of Attorney

PUD - Planned Unit Development

REI - 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

SFH - Single Family House

SFR - Single Family Residence

Sub2 – Purchasing  property subject to existing financing

T/B - Tenant Buyer

TIL - Truth In Lending

T/S – Trustee Sale

UBIT - Unrelated Business Income Tax

UCC - Uniform Commercial Code

VA - Department of Veterans Affairs / Veterans Administration