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Robby Saa's profile image
Robby Saa's profile image
Robby Saa
  • Member since Apr 10, 2024
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Robby Saa's profile image
Robby Saa's profile image
Robby Saa
  • Member since Apr 10, 2024
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Robby Saa
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Buying & Selling Real Estate

New Equity Value

Robby Saa
Posted May 31 2024, 13:31

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

Miami, Florida
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