Leo’s down payment of $27,500 gave him control of a $275,000 asset. That’s —using a little of his own money and a lot of the bank’s money to own something big.
Carla also knew that in 5–10 years, Fairview’s growing population would likely make her duplex worth $450,000. That increase in value is . She could then sell it for a profit or borrow against the new equity to buy another property. como funciona el real estate
Enter Leo, a young graphic designer. Leo had saved $27,500 for a down payment (10% of $275,000). He couldn’t pay the rest in cash, so he went to a bank. Leo’s down payment of $27,500 gave him control
Meanwhile, across town, a savvy investor named Carla was watching. She didn’t want to live in a house; she wanted to make money from one. She bought a duplex (two apartments in one building) for $350,000. That increase in value is