I was curious if lets say:
Homeowner 1 buys a house for $100K but sells it for $200K which is also financed by Homeowner 2. Next month, its sold to Homeowner 3 for $300K which is also financed.
Essentially netting each previous owner with $100K profit with each loan.
Total outsider to real estate but curious if mortgage loans work like that in short time space back to back sales where actual value of property does not increase but only its selling value?
submitted by /u/Scaletta_dirtbag
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I was curious if lets say: Homeowner 1 buys a house for $100K but sells it for $200K which is also financed by Homeowner 2. Next month, its sold to Homeowner 3 for $300K which is also financed. Essentially netting each previous owner with $100K profit with each loan. Total outsider to real estate but curious if mortgage loans work like that in short time space back to back sales where actual value of property does not increase but only its selling value? submitted by /u/Scaletta_dirtbag [link] [comments]
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