this post was submitted on 02 Oct 2023
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[–] PatFussy@lemm.ee 9 points 1 year ago* (last edited 1 year ago) (1 children)

Using equity from current property to buy a new property? LOL

My friend, you are begging for pain... but appreciate it. Live that grind til you get repo'd

[–] phoneymouse@lemmy.world 3 points 1 year ago

People do this, it’s called “refi and roll.” The idea is to find properties that pay more in rent than they cost to upkeep.