All Forum Posts by: Paul Liu

So for example if your home is worth $500,000 and you have a loan on it with a balance of $350,000, then your home equity is $150,000. Or in other words, you have $150,000 worth of equity.

A negative equity situation would be if your home was worth $500,000 and you have a loan on it with a balance of $550,000. In this example you have negative $50,000 in equity. Meaning if you sold your home, you would have to come out of pocket $50,000 at the closing table (in reality it would be even more due to commissions and closing costs).

So how do home prices fall in a real estate crash? Because it seem like the homeowner can sell the house for whatever price they want.

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How does negative equity actually work in a homes listing price? because it seem like house price can be anything the owner list it as. how does negative equity actually decrease the value of the home? like how do you track that data?

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I'm taking classes to attain my real estate sales agent license, so that I can have more control in my real estate investing goals (e.g. like having access to the MLS). Right now I'm taking online classes in Real Estate Practices and Real Estate Principles at my local community college. There is also one other course I am required to take on the following list, and I was wondering which class should I take that is best for my goal/objective in becoming a successful real estate investor and managing rental properties, for passive income, from my real estate investment properties.

One course from the following list:

Real Estate Appraisal
Property Management
Real Estate Finance
Real Estate Economics
Legal Aspects of Real Estate
Real Estate Office Administration
General Accounting
Business Law
Escrows
Mortgage Loan Brokering and Lending
Computer Applications in Real Estate
Common Interest Developments

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All Forum Posts by: Paul Liu

Paul Liu has started 2 posts and replied 3 times.

Post: How does negative equity actually work?

Post: How does negative equity actually work?

Post: Which Real Estate Class Should I take?