property investing jargon

Hi everyone,
This is my first post but instead of just posting to say ‘I’m here’ Ive decided to make it somewhat useful.[suave2]

I think it would be a good idea if everyone posted their property investing “jargon” along with what the particular jargon actually means. This would really help people that are new to this forum.
Hopefully I will get enough replys so that I can add them all in this original post and then request it to be made sticky.[wink2]

Heres a couple to get you started:
IO = interest only
PI = principal & Interest
IP = investment property

to get the ball rolling, who can tell me what PPOR means?

cheers

Updated IP Jargon List
IO = interest only – This is a Type of Loan, Most bank websites will have more details
PI = principal & Interest – This is also a Type of Loan, Most bank websites will have more details
IP = investment property
FHOG = First home owners gant.
LOC = Line Of Credit – which is a loan against your house, or other property, that you can use for day to day transactions, ie purchases, paying fees etc as well as wages, rentals. the idea is that when there is money in the account you will not pay interest on the balance. See a mortgage broker or bank for more detail.
Posted by Mortgage Hunter, A LOC is easily understood by imagining it as a credit card account secured by property – at a lower rate. Until you use it no interest is charged. Thereafter interested is charged on the funds you have drawn and added to the loan balance monthly. You can pay off as much or as little as you like. it is a good idea to at least cover the interest so as to not capitalise it for both tax and budgeting reasons. Remember that each new drawing is seen as a whole new loan by the ATO. So if you use a LOC for business and personal expenses then please have at least a split into two LOCS to keep deductible and non deductible interest seperate.
LVR = Loan to Value Ratio. What percentage of the value of the property (usually the purchase price) the lender will lend you. 80% is usual for residential
Yield = Gross income from property (rent) divided by the purchase price.
PPOR = Principal Place of Residence
L/O = Lease Option
CoCR = Cash on Cash Return
IRR = Internal Rate of Return
NPV = Net Present Value
P/P = Purchasing Price
P/C = Purchasing Costs
CG = capital growth
NG = negatively geared (investment property)
PG = positively geared (investment property)
CF+ = cash flow positive (investment property)
OPM = other peoples money – Got the time to invest but not the money? simple, use OPM
CGT = capital gains tax
OPT = Other Peoples Time – Got the money to invest but not the time? simple, use OPT.
FN = Foreign National
+ve = Positive

Common Forum Jargon
FWIW = for what its worth
IMHO – In My Humble Opinion
LOL = Laugh out loud

Thank you for your input:
mbutler2575, KrookFamily, choir, shake-the-disease, Mortgage Hunter,

Keep em coming guys, I will add more to the Updated List as they come.
If you see a term/jargon used that is not here yet please add it, also if you can provide an actual meaning for a term please add that too.
And if your not sure what something means don’ t be scared to ask.