By Darryl McCullough
Senior Partner
COUNSELING SINCE 1972
1 MIN READ
This paper is educational material drawn from real transactions. It is not an offer of securities, and it is not tax or legal advice for your situation.
In Darryl's Words
A few lines our senior partner has repeated for fifty years, because they keep being true.
Real estate never has a problem. It is always the owner who possesses a want or need.
Conventional wisdom has us putting equity on the market for sale, then waiting around for the cash buyer to surface. Why not take the initiative and use that equity as a buyer for the alternative equity being sought?
Equity, defined: the value of the asset, less the existing debt.
Every transaction is an exchange. We exchange cash for a quart of milk. We trade in our used car, plus cash, for the new one.
If you got all cash for your equity, what would you do with it?