If our memory serves us correctly, our income-to-debt ratio didn't qualify us to make the standard 30-yr pymt, but we could make the interest only or the minimum pymt.

The way ours works is you become a debt partner and get a promissory note with a Lien against our LLC.

Thanks for the reply. 40K sq ft total with one 10K metal and one 30K block and metal combination

Should I be debt-free, or should I invest in RE to become debt-free?

my debt is ok but could be better.

I have read quite a few posts about how you can get a portfolio commercial loan to either combine all or some of the conventional loans or purchase new ones.

You say debt is $6000/year and the loan is six months behind needing $3000 to bring current.

It seems the downpayment with my end buyer is as ggod as an assignment fee but then I get a little bit of spread on mo.income vs. mo. debt and I get the spread of the sales price when the end buyer cashes out so it sounds really good but what am I missing?

in about a year i should be making 60k+/year working around 30hrs a week with zero debt.

Another way I use financial statements is before I get ready to make a deal, or when my personal financial situation changes, for example needing to move or earn more money, I will look at my income statement, my balance sheet, and my list of properties that shows value to debt numbers and cash flow numbers.