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All Forum Posts by: Jim Jack

Jim Jack has started 1 posts and replied 3 times.

Buying & Selling Real Estate

Post: How to determine equity in a home

Jim JackPosted
  • Yuma, AZ
  • Posts 40
  • Votes 5
Originally posted by @Joshua D.:

@Jim Jack

Great question! The simple answer is by finding comparable sales in the area. sometimes this is easier said than because no 2 houses are exactly the same.  If you are concerned about getting the market value of a house right I would make sure to consult a professional (realtor, appraiser, broker ect.) or another experienced real-estate investor. 

Good luck out there!

Maybe I didnt make my question clear enough, I know we run comps to determine ARV but I would Like to know the exact number the seller is owing on his loan he recived from the bank to ghen determine the equity

0 Votes
Buying & Selling Real Estate

Post: How to determine equity in a home

Jim JackPosted
  • Yuma, AZ
  • Posts 40
  • Votes 5
How do you find out exactly how much equity is in a home to decide how much to purchase, the seller might tell you a number but how do you get the exact number owed on his loan that is remaining ?
0 Votes
Starting Out

Post: Help! I have a motivated seller and don't know what to do!

Jim JackPosted
  • Yuma, AZ
  • Posts 40
  • Votes 5
Dude this is what you are training for , these exact scenarios , begin the evicting process yourself because thats what the sellers dont want to deal with but you will and get it at a good enough price to make profit
0 Votes