Equity is your frozen cash that you access as it grows to build your portfolio 

In your scenario you'd have a potential tax event on that $200K difference.Here's a creative way to access most of that money tax free however. 

Your investment is secured by the underlying property. preREO is a new, very creative and now proven format for local real estate investors to obtain control of a property before it goes to REO where everyone will have access to bid and drive up the price.

It's set up to be accessible and appealing to your audience.

You must register an account to access and use many features of the Airbnb Platform.

As a broker, I do have access to about 15 companies that do helocs on investments! 

I HATE the idea of not being able to access anything that I need online.

The HML covered 100% of the $32,500 rehab budget through drawbacks.Refinance: Post-rehab, I refinanced into a primary mortgage, creating 25.5% equity in the property.Future Financing: I plan to leverage the property with a HELOC to access up to $86,000 in capital for future deals.

I started with Ken McElroy's books, because 1) clearly he knows what he is talking about given his track record and trajectory and 2) because I had easy access to them. 

You can't access that value to live on if it disappears!