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How to Refinance a Real Estate Balloon
"If you're cashflow positive, five grand a month in exchange for 30 minutes a day, that's 15 hours a month. That's 300 bucks an hour with equity," he says. "So it's like, Oh, if I can improve the cash flow, the business is also worth more on the other side" He refied his real estate balloon last November into my LLC and now pays about $1,200 a month after interest rates went up.