Guest C-21 Pilot Posted January 14, 2007 Share Posted January 14, 2007 LJ Driver, that's a no brainer... When the house 3 doors down sold for $42.5K more than what I have signed for w/ no improvements, we have built up equity...read: you make equity...you can take a loan out on equity, you can borrow agains your equity, so you do "make" something w/out selling a house. No need to confuse the kid on real estate jargon just yet, ya' think? Link to comment Share on other sites More sharing options...
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