Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
General Landlording & Rental Properties
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hemlane-a9392011949df124ea8ee63be2fb270c9423d6cd446ec67af23c96616e618606.png)
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
New Equity Value
My partner (1.2mm) and I (800k) bought a vacant land for 2 million. I want to buy him out at a premium of 1.4mm by seller financing. In doing so, my equity will now be $600k?
Land (2mm) - Loan (1.4mm) - Equity ($600k) = 0
I need to know my math is correct. Any assistance is appreciated