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equity buildup

growing ownership of real property over time

Equity is the difference between the value of a property and the amount of any loans on the property. Equity buildup is the increasing of equity over time. Equity buildup can happen one of two ways or both. One way is that over time payments on loans reduce the value of loans on a property. Another way is that inflationary or demand forces cause the value of a property to increase. Equity buildup is the increasing of equity value, which is the difference between the value of the property and any loans on the property, over time. Equity buildup is one of the reasons real estate is such a good investment. Remember that taxes are not paid on the equity buildup until the property is sold and under a 1031 exchange, those taxes can be put off even longer. Equity buildup is growing ownership of real property over time.

Multiple Choice Question

equity buildup
A increasing debt on a property
B growing ownership of real property over time
C legal liabilities which continue to grow unless solved
D illegally denying loans base on location of property

Correct Answer: b

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