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A Goal Without a Plan is Just a Wish

Family Balance Sheet

However a few years ago, we found ourselves with too much debt and not enough cash. Within a year after settlement, we found ourselves with a lot of debt, not enough cash flow, and very little set aside for emergencies. As much as I wanted to be a property owner, the extra debt was beginning to suffocate us.

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How We Paid off Six Figures of Debt

Family Balance Sheet

It was so big that I cried for two days straight– we paid off six figures in non-mortgage debts. 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. After the first year, the new business debt weighed on me.

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Save Taxes: Negotiate A Reduction in Your Assessed Value

Prairie Eco-Thrifter

Market value is determined using sales prices of comparable properties (same size, number of rooms, age, etc); cost of the actual property (if it sold recently); income potential for commercial property and other methods. Improvements (such as a new garage or patio) or deterioration (such as hail damage to your siding).

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Buying A House In 2023: A Step-By-Step Guide

Savings Corner

These things can hurt your credit score or impact your debt-to-income ratio, which can imperil your final loan approval. Do a final walk-through A final walk-through is your opportunity to view the property one last time before it becomes yours. Keep your finances and credit in good shape from preapproval until closing day.