WHOLESALING AND EQUITY??

[Antoine Smith]

SO, if I have a property in mind, a seller called, and the price is $123,000... the est. equity ( via propstream) is at $56,000... is this meaning that I should minus the $56,000 from the total $123,000? and then that would be the number i work from? I am very confused about this part..... I also used dealulator.com to use the deal calculator if that helps any. PLEASE HELP, I want to be sure i'm not wasting my time with potential deals from lack of knowledge.