Try and keep the existing debt in place next time @Wanda Croft!

Hey, so the other day a I was talking to another student at my university about our schools financials, and found out most if not all schools publish a financial statement.  

Im just not sure how it would work out if i had a high debt to income ratio even if i had all three units rented out. 

Once the debtor reaffirms the debt, is it a given that the debtor will begin making the regular monthly payment as well as the payment towards arrearages during the term of the plan?

@Dave Foster That was Financial independence, rather than Florida, sorry for the confusion!  

We both are dedicated to building wealth and firmly believe that relying on a job for long term financial security is setting yourself for failure. 

Deferring your business debt works because it allows another party to pay the debt (your renter), you keep the tax deduction (the interest that is paid), and you gain more cash flow.  

We have been debt free for 5 years, so no credit score.

Fill out a "Personal Financial Statement" which lists all of your assets; liabilities; and cash flow.  

Done right, holding might just meet the needs of your retirement, children's college education or other financial objectives of your golden years quite nicely, making you appreciate that foreclosure you bought and held in Parker way back when.