Determining Equity in property: Post Rehab

[Evan O'Brien]

After you purchase a property, put a down payment down (say 20%) and increase the equity that you have in the property by completing a rehab how do you determine how much equity you have in the property? Will the amount of equity in the property be based on the appraisal price after the rehab and the amount of equity you had based on the value of the property before completing rehab/repairs?