Annual Rent Is $40K
I own a small franchise and revenues have flatlined. Since I pay so much in rent and it will start going up annually in August, would it be smart to buy a building? I only have $8K in business debt, but I also don't have any extra money for a down payment, unless I took out a home equity loan., which I would rather not. With that kind of rent, what would ballpark be for the amount I could finance?
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