All Topics / Help Needed! / Investment property – Abbreviations (please add some)
I am learning IP and many things are new to me so I thought I should ask you guys for help. Thanks.
Investment property – Abbreviations
IP- Investment property
LVR- Loan value ratio
PPOR- Primary place of residence
RE- Real Estate
OPM- Other people’s money (Borrowed)
LOC- Line of credit
SMSF- Self managed super fund
PM- Property manager
OFI- Open for inspection (open home)
LMI- Lender’s mortgage insurance
CGT- Capital growth tax
FHOG- First home owner grant
DHA- Defence Housing Australia
DSR- Debt service ratio
Wrap- Vendor finance arrangement
R&M- Repairs and maintenance
ROI – Return On Investment
FSBO – For Sale By Owner
GST – Goods And Services Tax
CPI – Consumer Price Index (Used to work out inflation)
JV – Joint Venture
CF – Cash Flow
RROW-WHACK rooms that are so small that you cannot swing a cat in them.
<moderator: edit> – absolute novice developer
Renovator's delight – on face value it''ll be a bargain, in reality run away.
Add the finishing touches – some serious work required to cover & discover the owner's mistakes.PPOR – Principal Place of Residence
Don't forget the most important one when talking investment:
IO – Interest Only
SCA- subject to Council Approval
GFC Global Financial Crises
+CF / CF+ Positive Cashflow / Cashflow Positive
CoCR – Cash on cash return
ROB – ripped off blind
Ian
http://theblogblock.com
Free Property Investment Info, Tools & Resources.OTP – Off the plan
SANF – Sleep at night factor
ACL – Australian Credit Licence
REA – Real Estate AgentJamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Catalyst wrote:SCA- subject to Council ApprovalI'ts actually STCA Subject to Council Approval
CGT = Rip off
Great post by the way, good idea!
regards,
MichaelMick C | Shape Home Loans
http://www.shapehomeloans.com.au/
Email Me | Phone MeSame Banks. Better Rates. Served With a Passion.
SD – Stamp Duty (also a rip off)
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
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