House: Borrow, Buy, Sell and Profit

Dec 19, 2007

House price may increase in one or two years and the total cost including the paid instalments, left loan balance and prepayment penalty may be lower than the house price (after agent fee) if sold.

Then, we can profit and start finding another house to buy and wait for another year or two. The key is maintaining a good relationship with the loan provider.

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