Example: Oliver paid $25 000 cash as original equity and borrowed $75 000 to purchase a $100 000 vacation home. His laborious efforts to remodel added $20 000 through sweat equity and inflation raised the value by another $10 000.
Example: Oliver paid $25 000 cash as original equity and borrowed $75 000 to purchase a $100 000 vacation home. His laborious efforts to remodel added $20 000 through sweat equity and inflation raised the value by another $10 000.