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Updated over 5 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Yuma, AZ
  • Member since Jun 14, 2019
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Yuma, AZ
  • Member since Jun 14, 2019
Connect
Account Closed
  • Rental Property Investor
  • Yuma, AZ
45
Votes |
637
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Starting Out

How do you know if a house has equity

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted

Yea you can ask the seller. But, how do you know if the really has equity

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Sam Shueh's profile image
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Sam Shueh
  • Real Estate Agent
  • from Cupertino, California
  • Member since Apr 2, 2016
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Sam Shueh's profile image
Sam Shueh's profile image
Sam Shueh
  • Real Estate Agent
  • from Cupertino, California
  • Member since Apr 2, 2016
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Sam Shueh
  • Real Estate Agent
  • Cupertino, CA
1,722
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Sam Shueh
  • Real Estate Agent
  • Cupertino, CA
Replied

Equity=ARV -original loan -principle paid. If the loan is recent (<4 years) chances most paid is interest still.

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