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Does that $50k per year include the equity they are presumably building with that line of credit?
by kevinventullo 5y ago
Does that $50k per year include the equity they are presumably building with that line of credit?
- matchagaucho 5y agoThere's no equity in the LOC. The bank is first in line to reclaim that in the event of a chapter event. The equity is almost always in the real estate. McDonalds basically just keeps the cash flowing while the land increases in value. Small restaurant owners are more likely to rent.