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Updated about 6 years ago on . Most recent reply

Brad Richards's profile image
Brad Richards's profile image
Brad Richards
  • New to Real Estate
  • from Rockford
  • Member since Mar 8, 2020

User Stats

11
Posts
1
Votes
Brad Richards's profile image
Brad Richards's profile image
Brad Richards
  • New to Real Estate
  • from Rockford
  • Member since Mar 8, 2020
Brad Richards
  • New to Real Estate
  • Rockford
1
Votes |
11
Posts
Buying & Selling Real Estate

Owner financed and equity

Brad Richards
  • New to Real Estate
  • Rockford
Posted

Hi everyone! First post here. My name is Brad. I live in the Rockford area in Illinois. My question is in doing a owner financed deal, how much equity do you get when purchasing the house? Example: house appraised for 75k, offer is accepted at 70k with 5k down making it a loan of 65k. Thank you all in advance. 

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