If you are okay with leaving some of the $ back in equity, you could rate and term for 75% of purchase price.

Currently we have around 580K in equity in our home (which is worth around 700K).

Hey gang, I’m a newbie trying to figure out the example on equity I purchase a home for 340,000 here in NY bout 2yrs ago fixed it and just for sake of argument let’s say is now worth 380,000 I’m guessing I have about 40,000 equity plus the down payment example # $10,000, now that would total 50,000 in equity right?

If you can find wholesale deals with more than $10K in equity, why would you sell them to someone else?

We have a similar situation with about $120K in equity in our primary.

I have a friend that owns a dulpex that has about 120k in equity and cash flows 600 a month after everything is said and done.  

I also have roughly $85000 in equity. 

In other words, 10k in equity could cost you far more then the 10k in cash flow.

We purchased it with a conventional loan with 20% down and we estimate that we already have about $200K in equity.

So if you owe 350k and you property appraises for 450k you have 100k in equity.