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Understanding all that Real Estate jargon and abbreviations.

Real Estate Glossary.

Recommended Resources.

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It is a complete start to finish account of our first rehab. It has been written completely in layman's terms and should help those just starting out.
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Hard Money Loans.
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Hard Money is a tool to get you on track. It gets you started and on your way to making the big bucks in Real Estate.
 

 

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How To Proceed.

1) Open an account here.

2) Provide your credit report.

3) Find your deal.

4) Request a funding letter.

5) Request a loan.

6) Close and begin your project.

7) Make your money.

8) DO IT AGAIN!

 

 
You've Seen All The Real Estate Terms and Abbreviations Floating Around.

This is what they mean.

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Real Estate Terms and Abbreviations.
 
ARV - After-Repaired Value
CMA - Comparative Market Analysis
COCR - Cash on Cash Return
COF - Cost of Funds
CRE - Creative Real Estate
DCR - Debt Coverage Ratio
FHA - Federal Housing Administration
FMR - Fair Market Rent
FMV - Fair Market Value
FSBO - For Sale by Owner
GRM - Gross Rent Multiplier
HML - Hard Money Lender
HOA - Homeowners Association
HUD - Housing and Urban Development
IRR - Internal Rate of Return
L/O - Lease Option
LLC - Limited Liability Company
LLP - Limited Liability Partnership
LTV - Loan to Value
MAO - Maximum Allowable Offer
MLS - Multiple Listing Service
NNN - Triple Net Lease
NOI - Net Operating Income
NOO - Non-Owner Occupied
OO - Owner Occupied
O/F - Owner Finance
P&S - Purchase and Sale
PCF - Price to Cash Flow (ratio)
PITI - Principal, Interest, Taxes and Insurance
PUD - Planned Unit Development
REI - Real Estate Investing
REIA - Real Estate Investors Association
REO - Real Estate Owned
ROI - Return On Investment
RTO - Rent to Own
SFH - Single Family House
SFR - Single Family Residence
VA - Department of Veterans Affairs / Veterans Administration

Real Estate Financing & Contract Abbreviations

AMORT - Amortization
APR - Annual Percentage Rate
ARM - Adjustable Rate Mortgage
CCR - Conditions, Covenants, and Restrictions
CFD - Contract for Deed
CLTV - Combined Loan To Value
CAP - Capitalization
DBA - Doing Business As
DOS - Due On Sale Clause
DOT - Deed of Trust
FCRA - Fair Credit Reporting Act
I/O- Interest Only (loan) LOC - Line of Credit
LOI - Letter of Intent
LPOA - Limited Power of Attorney
MAO - Maximum Allowable Offer
PMI - Private Mortgage Insurance
POA - Power of Attorney
POF - Proof of Funds
Sub2 - Subject to existing financing
TIL - Truth In Lending


Real Estate Agent Abbreviations

ABR - Accredited Buyer Representative
CBR - Certified Buyer Representative
CHMS - Certified Home Marketing Specialist
CLHMS - Certified Luxury Home Marketing Specialist
CNS - Certified Negotiation Specialist
CRB - Certified Real Estate Broker
CRS - Certified Residential Specialist
e-PRO - Internet Professional
GRI - Graduate Realtor Institute
NAR - National Association of Realtors
REALTOR® - Member of the National Association of Realtors
SRES - Senior Real Estate Specialist
 
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