If an commercial asset based loan is based solely on the property and not the individual why does the private lender ask for a profit and lost statement for my company?

Giadini I completely agree with that statement, however I always have liked to use the tax website to gain any information I can about the properties.

They owe 35,000, payments are $230 PI every 2 weeks (they mentioned a rate of about 1.75%) Have you checked that from the bank or the bank statements?

I like your statement.

My business plan:Lonnie deals to generate shortterm passive income and eventually buying a mobile home park.I have have a commercial mortgage banker friend who decided one day to review his wealthiest clients financial statements.

I don't understand your statement that society is at fault for the decline of Detroit.

I'm very good at picking apart peoples statement which I plan on doing with this guy regardless what I currently think about.

Now... this may sound kind of harsh... but I am going to make the following statements...

I rate the low flow showerheads about the same as the 'water saving' toilets one must flush multiple times to get results"Eighteen years ago when that show was popular the above statement may have been true.

If you haven't yet got a new tenant, include a statement that they remain responsible for the rent until its filled.