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Updated about 7 years ago on . Most recent reply

Joel Harrison's profile image
Joel Harrison's profile image
Joel Harrison
  • from Murfreesboro, Tennessee
  • Member since Mar 19, 2017
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Joel Harrison's profile image
Joel Harrison's profile image
Joel Harrison
  • from Murfreesboro, Tennessee
  • Member since Mar 19, 2017
Connect
Joel Harrison
  • Murfreesboro, TN
6
Votes |
16
Posts
Buying & Selling Real Estate

A question of instant equity.

Joel Harrison
  • Murfreesboro, TN
Posted

Let’s work with some hypotheticals.

Say If I found a property that is on the market for $170,000. I’m curious, so I look up the “property report card” on the county website, and it says that the total value is $195,000.

If I buy this property at $170K, does this mean I have instant equity?

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