Equity in a property contract

Equity in a property contract

Hello DG Fam,
I have a question that Matt Larson used in the book " Profit From Real Estate Right Now." He said the he locked a property under contract and then went to the bank and with contract in hand. He was able to get a loan for the property by using the equity or the assessed value. He then was able to close on the deal with a nice check and did minor repairs on the property and rented the property out.

Did I happen to read this right and are you able to do that now?
Please help me to understand!!!!

Thanks in advance,
Andre'

Keep pushing !!!

__________________

André
God is Good
Strength and growth come only through continuous effort and struggle.

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