There is a glossary here.For people who are totally new to this business, I really recommend getting a couple of RE investment books and reading those.

If you have no revolving debt you need to add a credit card or two, but if you have a few adding more probably won't help your score alot other than by lowering your utilization, the total percentage of available credit being used.

Lis Pendens Filings •1681 Mortgage Related Foreclosure filings •1775 total Lis Pendens Filed •88.4 Per Diem in filings •121 per diem filings for the month priorDeeds Via Foreclosure682 Deeds were transferred via foreclosure from the courts.Notes•The same players in filings and deeds remain throughout the trend •Fannie and Freddie getting lots of deeds •Countrywide appears to be working on the backload.

How much are your total mortgage obligations?

And YES, I personally think that buying more properties with that accessible money is best. 70 K could easily get you 2 or 3 "earners" F&C, which should cover the total 170K loan payment, and lower your probable vacancy rate.

The closing costs total around 31K on the prelim HUD1.

Sidney,You'll need to find a wholesaler that can provide a "total package" for the investor.

Yes, component segmentation can allow you to take a larger depreciation deduction in the early years of property ownership, but if you never sell the property the total depreciation allowed over 27.5 years with component segmentation will be the same as the depreciation allowed without component segmentation.

According to the HAP contract with Section 8, the total rent is supposed to be $583 per month, of which the tenant should be paying $130 and Section 8 pays $430.

Tim,Not to mention that the county assessor are way behind their reassessing of the lower purchase price that I’d paid for and the decline in nowadays property values (prop. 8); they’re still assessing me base on the previous purchased values, thus overcharging me $1500 in total; escrow was closed on 1/25/08 for one of them; they’d already overtax me back then without seeing any refund that they’d told me which I should have been received it months ago.Paul