Question Closer Family Help!!!!

Hello Closer Family, I had a quick question. You know Tony said not to look for deals that have less than 35% Equity. Let's say I find a homeowner that has the 35% equity. How do we get paid? Is it a percentage of the equity amount and if so, how much is the percentage? I think I have confused myself!

I know we make money when the buyer pays less than the house is worth. Sorry if this question seems strange this late in the game. I appreciate any help you can provide. Thanks!

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