If you have ever sat in a room with experienced investors and felt like they were speaking a different language, this episode is for you. Tony Stern breaks down the ten acronyms you will hear constantly in real estate investing, covering NOI, ROI, cap rate, cash on cash return, LTV, BRRRR, PITI, ARV, DSCR, and FMV. Each one gets a plain English explanation, the formula, a worked example, and the trap that catches new investors out. By the end you will have the vocabulary to hold your own in any real estate meeting, and more importantly, the understanding to use these numbers to measure risk and calculate real profit.