Family Balance Sheet
MAY 6, 2020
Our small business was going well, so we said so long to renting office space and purchased a commercial property in the summer of 2012. Also to top it off, I had a huge property tax due that month for our office building that was going to be difficult to pay for in light of the circumstances. Yep, life was good.
Family Balance Sheet
JUNE 4, 2015
When a building in our town went into foreclosure in 2012, we considered the opportunity to own. What looked like a great idea on paper, was turning out to be very challenging. On top of our normal day to day expenses, the new property taxes were due, we had more ownership expenses than we realized, and we had a family to feed.
Family Balance Sheet
JUNE 22, 2020
How we got to six figures of non-mortgage debt: In the summer of 2012, we found an opportunity to purchase an office building for our small business. We had been renting for over 10 years and we were ready to find a property to move our business to and eventually build our net worth. Everything looked great on paper.
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