Cynthetiq

if I am financing the purchase, yes I'd like to have some sort of return for tying up my money. If the purchase price is $100,000 I wouldn't finance it to you for 30 years for $100,000. Besides why would I want to be tied in some relationship to you for 30 years? or even 15 years? or 5 years? what is my incentive? $10,000 over the purchase price?

Hardly seems worth it to me when I could easily sell it to someone else for $100,000 and walk away with all my money.

Besides if you are using this as a rental property, then the interest payments help to offset your income from the rental. Also, you'll take some sort of depreciation hit when it comes time to sell the property.

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