Some Real Estate Acronyms

A Few Real Estate Acronyms

1031: 1031exchange

AFD: agreement for deed (A.K.A. contract for deed)

AITD: all-inclusive trust deed

APR: annual percentage rate

ARM: adjustable-rate mortgage

ARV: after-repair value

BOM: back on market

BPO: broker’s price opinion

CAP: capitalization / cap rate

CapEx: capital expenditures

CARES: the Coronavirus Aid, Relief & Economic Security act

CCIM: Certified Commercial Investment Member

CCR: conditions, covenants & restrictions

CF: cash flow

CFD: contract for deed (a.k.a. land contract, a.k.a. owner financing)

CIA: Credit Income Assets 

CLTV: combined loan-to-value ratio

CMA: comparative market analysis

COCR/CCR/CoC: cash-on-cash return

COF: cost of funds

CPM: certified property manager

CRB: certified real estate broker

CRE: creative real estate / commercial real estate

CRS: certified residential specialist

DBA: doing business as

DOS: due on sale clause

DOT: deed of trust

DSCR/DCR/DSR: debt service (coverage) ratio

DTI: debt-to-income ratio

EMC/EMD: earnest money contract/earnest money deposit

FHA: Federal Housing Administration

FMR: fair market rent

FMV: fair market value

FNMA: Fannie Mae

FHLMC: Freddie Mac

FRBO: for rent by owner

FSBO: for sale by owner

GRI: gross rental income

GRM: gross rent multiplier

HELOC: home equity line of credit

HML: hard money lender

HOA: homeowners association

HVAC: heating, ventilation & air conditioning

HUD: Housing & Urban Development

IRC: Internal Revenue Code

IRR: internal rate of return

JV: joint venture

LLC: limited liability company

LLP: limited liability partnership

L/O: lease option/loan officer

LOC: line of credit

LOI: letter of intent

L/P: lease purchase

LPOA: limited power of attorney

LTV: loan-to-value ratio

MAO: maximum allowable offer

MB: mortgage broker

MFH: multi family home

MIP: mortgage insurance premium

NAR: National Association of Realtors

MLS: Multiple Listing Service

NAREIA: National Real Estate Investments Association

NNN: triple-net lease

NOD: notice of default

NOI: net operating income

NOO: non-owner occupied

O/F: owner finance

OO: owner-occupied/occupant

P&S: purchase and sale

PCF: price-to-cash-flow ratio

PITI: principal, interest, taxes, and insurance

PMI: private mortgage insurance

POA: power of attorney / property owners association

POF: proof of funds

QCD: quit claim deed

REI: real estate investing

REIA: real estate investor association

REIT: real estate investment trust

REO: real estate owned (A.K.A. foreclosed property)

ROI: return on investment

RPA: real estate purchase agreement

RTO: rent to own

SDIRA: self-directed individual retirement account

SFH: single-family home

SS: short sale

Sub2: subject to existing financing

T/B: tenant buyer

TIL: truth in lending act

VA: Veterans Administration

UBIT: unrelated business income tax