01-26-2017, 11:20 AM
But it is! It 100% is. Someone buys a condo for $200k. They mortgage it and their payment on the mortgage + condo fees is whatever, $1200/mo. They charge $1500/mo to someone willing to rent it from them, and they make $300/mo on top of now having a $200k condo that is theirs to flip (probably for significantly more) at the end of the mortgage.
How is that not "paying someone else's mortgage"?
How is that not "paying someone else's mortgage"?