Rental Property Investor · Denver, CO · Member since 2014 · 2k+ posts · 6k+ votes
Quite a few new users (and plenty who have been around for a while) are confused by certain abbreviations that are used on BiggerPockets all the time.
Well, we've put together a list of these abbreviations, so that you, our readers, posters, and members, can have a quick way to check out what these arcane abbreviations actually stand for.
Special thanks to our awesome development team for putting this together for the benefit of our users like you!
Try it out - just hover your mouse over some of these abbreviations below to get a quick look at what they stand for!
HELOC
ROI
ARV
FMR
IRR
NOI
Oh, and of course like with any new launch I'm sure we missed a whole bunch of abbreviations. If you want to throw out a few more that we should add to the list (we've got about 80-100 abbreviations listed currently), make sure it is currently NOT in the list (meaning, you see it in a post, hover the mouse over it, click, but do not get an explanation for said abbreviation), and then reply here suggesting we add it!
BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
10y
I'll add to @Scott Trench's post that if you do have an abbreviation you don't see, please let us know AND include the definition for us - just in case we're not quite sure what you mean, either.
Investor · Saint Augustine, FL · Member since 2015 · 227 posts · 61 votes
10y
I so agree....why can't folks take the time to type out what they are saying...screams seminar to me...they just learned what ARV means so they want to post it to prove they know the "lingo" ...to me if you want to take short cuts so much you can't type it out it makes me think you can not pay attention to detail and will take short cuts with a deal... but that is just me...
How do we find your list of abbreviations? Or is it just typing them out as we typically do and if there is no definition than we just send you a message?
MIP - Mortgage insurance premium (FHA)
BRRR - Buy Rent Rehab
BRRRR - Buy Rent Rehab Repeat
VA - Veterans Affairs
IRRRL - Interest Rate Reduction Refinance Loan for veterans
MFR - Multi-family Residence
OO - Owner Occupied
NOO- Non- Owner Occupied
I guess I have a problem with abbreviations. I am not trying to be lazy, it is just the lingo I am used to, and have a habit of using, without thinking.
Lender · Bellevue WA & Orange County, CA · Member since 2013 · 2k+ posts · 1k+ votes
10y
FMV I believe is an accounting term atleast I hear it a lot form the accounting side when I work with accountants when we talk about the estate tax and having to value the cost basis at "Fair Market Value," after the death of the relative/grantor.
Buy & Hold Owner · Redlands, CA · Member since 2015 · 5k+ posts · 2k+ votes
10y
Another acronym
TIC:- While a TIC investment is a form of shared ownership, the TIC interest is not the same as a partnership interest in its economic, tax or legal characteristics. A TIC interest is simply an undivided interest in real estate.