You have a house that is valued at $1,000,000. You decide to rent it out on Air BnB. You need to make some improvements so you take out a second mortgage for $500,000 and make your improvements. The net equity of the house is now $500,000.
This is where ICC is currently...remodeling.
Now you rent the house for $10,000/ month.and have a revenue stream.
Is the net equity of the house still only $500,000? Yes to the bank, No to the owner.
Then the owner starts to pay off the second mortgage and bingo the equity starts to increase.
When the revenue starts to show up that is when ICC value will improve.
The question everyone has to ask themselves is, do I want to wait for the renovations to be finished and the revenue stream to start.
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