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Old 07-03-2019, 10:55 PM
 
Location: Henderson, NV
7,087 posts, read 8,629,910 times
Reputation: 9978

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I spent a lot of time researching areas of the city where I wanted to move. I had looked for years but started to figure out the areas I liked best a year before and narrowed it down to one highly specific part of a larger neighborhood area. Then it was just a matter of finding a house and I knew new build had to be the answer because it was the main way to get a modern house. But I was in a hurry sure, I saw the place under construction and I signed the documents within 3 hours lol.
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Old 07-05-2019, 10:01 PM
 
92 posts, read 60,584 times
Reputation: 58
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Originally Posted by pannierpacker View Post
Paying someone else's 2011 mortgage with profit built-in can still be much cheaper than paying a 2019 mortgage that's yours. It all depends on how much the landlord wants to ring out of their renters.

There's a decent chance your 2019 mortgage will net you money when you sell in 5-10+ years. There's 0% chance that you'll get any of your rent money back when you move out of the 2011 mortgage landlord house...right?
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