I have this impression that it’s seen as a riskier decision to buy a home, knowing you won’t live in it long enough to pay off the mortgage and then sell it when you’re ready to move away, when compared to renting a home. Am I off base on that, and if so, why is this the case?
In: Economics
Barbara Corcoran did an interview with Bigger Pockets podcast where she basically explained that she would just re-slam mortgages on properties for as long as the rent covered the new mortgage.
The advantage here is you don’t pay taxes on a cashout refinance and you continue to gain appreciation
Rent it out and refi it every 7 or so years, buy more properties and make more monies
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