Updated over 5 years ago on . Most recent reply
Initial Equity (Negative)
Hello,
I am looking at a duplex. The numbers look good, but I noticed that the initial equity is negative. Would anyone be able to provide the correct explanation?
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Most Popular Reply
Hi @Chauncy Gray,
It looks like you left a 0 off your ARV, it is showing on the report as $13,990, I am assuming it was to be $139,900 (the same as the purchase price since no repairs were provided for in the calc).
Hope that helps!
Brian