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Updated almost 5 years ago on . Most recent reply

User Stats

11
Posts
1
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Brad Richards
  • New to Real Estate
  • Rockford
1
Votes |
11
Posts

Owner financed and equity

Brad Richards
  • New to Real Estate
  • Rockford
Posted

Hi everyone! First post here. My name is Brad. I live in the Rockford area in Illinois. My question is in doing a owner financed deal, how much equity do you get when purchasing the house? Example: house appraised for 75k, offer is accepted at 70k with 5k down making it a loan of 65k. Thank you all in advance. 

Most Popular Reply

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508
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167
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Craig Wilcox
  • Investor
  • TN
167
Votes |
508
Posts
Craig Wilcox
  • Investor
  • TN
Replied

@Brad Richards I am not sure I understand your question completely. Are you asking how much equity you would have in the example (equity = appraisal value - loan value = $10,000) or are you asking how much equity should you try to get in an owner financed deal (as much as possible)?

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