How to find out equity in a house I own so I can start flipping homes in Oklahoma but house I own in Mississippi thank you for your time
If you’d like to determine how much equity you have in your house, the first step is probably to get an appraisal. Your appraisal will set the value of the house. You can then deduct the balance of any mortgage you owe on the property. The resulting number will be your equity in the property. If you have more than 30 – 40% equity in your property, you may want to consider doing take-out financing to take some cash out of your current property. These funds can then be used for buying and flipping homes.
For more information on doing take-out financing on a property, be sure to check out our ultimate guide here: https://fitsmallbusiness.com/cash-out-refinance-guide/
Hope this helps,
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