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
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
[addsig]
Thank you, so very much Michael. By the way, in what area do you buy homes?