Thread: Fastlane Definitions Directory

I will use this page as a rolling directory of Fastlane definitions.

ROTI - Return on Time Invested
Sidewalk - Sidewalkers
Slowlane
Slowlaner

NNWKIA - no net worth know it all

MJ, if you just want one post, feel free to delete this.

Feel free to add suggestions -- I will have to post the official definitions at the other site!

NINJA - no income, no job or assets

Play pimp'n -

Spending all your money pretending to "look" more ballin than you really are.

Also known as a "30 thousand dollar Millionaire."

Added new definition: Slowlaner

A Few more from a previous thread...

Originally Posted by Lamboman350K

NDA- Non-Disclosure Agreement

ROI- Return on Investment

SFR- Single Family Residence

USPTO- United States Patent & Trademark Office

Originally Posted by PhxMJ

Just a few quickies off the top of my mind...

FTP: File Transfer Protocol
SSL: Secure Socket Layer
SAAS: Software As A Service
DNS: Domain Name Server
AM: Affiliate Marketing

Originally Posted by Lamboman350K

Here are a few more-

AGI-Adjusted Gross Income

B2B- Business to Business

B2C- Business to Consumer

C&F- Cost and Freight

CDS- Credit Default Swap

CPA- Certified Public Accountant

PPC- Pay Per Click Advertisement

SEO- Search Engine Optimization

SEC- Securities and Exchange Commission

Originally Posted by Cat Man Du

SS....Short Sale- Bank accepts less than the mortgage balance owed...in lieu of foreclosure.

Originally Posted by MonTexan

HMFIC : Head MoFo in Charge

Originally Posted by australianinvestor

Perhaps we could also add words that are not acronyms.

These are important words, but I think you'd get more value going and finding the meanings yourself. Some words are very basic and you think you may know them. Look up the definition anyway. You might be surprised. Some words might allude to a skill. Learn the skill.

Looking up words and learning them is the key to building intelligence and capabilities. I've learned multiple languages this way, finished an MBA, and learned many other things just because I learn the words used in each of the areas I get involved in. If you know nothing about cars, learning what each part of an engine is called unlocks the hidden mysteries of cars to you, and other things are far easier to learn. You'll even find you will quickly surpass the knowledge of the casual enthusiast who seemed to know everything. My brother was almost like a mechanic to me before I read my workshop manual for my car. After two days, I knew more than him.

Google is also a dictionary. Type in "define:epistemology" for a definition of "epistemology". Replace it with any term you want to learn about, but make sure you evaluate the source of the definition first. You can trust Princeton's web dictionary. Cracked.com is not a good source, for example (not that it will appear in the results, but you get my drift).

A random selection of excellent terms:

- Time value of money
- NPV: Net present value
- PV: Present value
- FV: Future value
- Bond
- Note
- Mortgage (not just for real estate)
- Chattel
- Security
- Lien
- Budget (and how to do one!)
- Risk-free rate
- Compound interest
- Perpetuity
- Annuity
- Bankruptcy
- Planning
- Strategy
- Risk
- Ratio
- Return on Assets
- Return on Equity
- Return on Investment
- DuPont analysis
- Debt to equity ratio
- Income to expense ratio (critical!)
- Goal
- Feedback loop
- Flow chart
- Emotional intelligence
- Due diligence (critical!)
- Algorithm
- Scientific method
- Weasel clause
- Contract
- Deed (not just real estate)


There are so many, I'll add more another time.

Originally Posted by Lamboman350K

C.O.D.- Cash on Delivery- Is a financial transaction where the payment of products and/or services received is done at the time of actual delivery rather than paid-for in advance. (Learned this term first hand during a meeting.)

Utility Patent- May be granted to anyone who invents or discovers any new and useful process, machine, article of manufacture, or composition of matter, or any new and useful improvement thereof; (USPTO Definition)

Design Patent- May be granted to anyone who invents a new, original, and ornamental design for an article of manufacture. (USPTO Definition)

Plant Patent- May be granted to anyone who invents or discovers and asexually reproduces any distinct and new variety of plant. (USPTO Definition)

Originally Posted by Rawr

HELOC home equity line of credit - aka your home equity is your credit card

Originally Posted by Peter2

A lot of the experienced real estate investors on this forum are using abbreviations that a new and inexperienced person probably will not understand, so I thought I would post a list to make it easy for everyone.


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