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Updated over 11 years ago on . Most recent reply

Mubasher Riaz's profile image
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Mubasher Riaz
  • Real Estate Investor
  • from Ypsilanti, Michigan
  • Member since Sep 18, 2011
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Mubasher Riaz's profile image
Mubasher Riaz's profile image
Mubasher Riaz
  • Real Estate Investor
  • from Ypsilanti, Michigan
  • Member since Sep 18, 2011
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Mubasher Riaz
  • Real Estate Investor
  • Ypsilanti, MI
6
Votes |
98
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Wholesaling

equity vs no equity?

Mubasher Riaz
  • Real Estate Investor
  • Ypsilanti, MI
Posted

Can someone please explain to me difference between an owner having 30% equity vs 80% equity? thanks

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Victor Etongwe's profile image
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Victor Etongwe
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  • from Laurel, Maryland
  • Member since Apr 23, 2013
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Victor Etongwe
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  • from Laurel, Maryland
  • Member since Apr 23, 2013
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Victor Etongwe
  • Vendor
  • Laurel, MD
4
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Victor Etongwe
  • Vendor
  • Laurel, MD
Replied

Equity just refers to ownership. If you have 30% equity in a $100,000 home then you have $30,000 in ownership and your lender owns the other 70K. If you 80% equity in a $100k home then you own $80k and your lender owns $20k. If you bought your house with all of your own cash then you have 100% equity. Hope that helps

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