I am completely lost on the concept of buying a home and the selling it before the mortgage is paid. How does this make money/contribute to a new mortgage?
In: Economics
You buy a house for 100,000.
After paying every month, you still owe 75,000.
You sell the house for 150,000, pay back off the 75,000 owed, and pocket 75,000 in profit that can go towards buying the next one.
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