Because you're essentially paying the down payment two or three times on the property.

You can assume that, if the rent is $900 a month on a place then the mortgage is somewhere between $600-$700. Now, if you do the math on that, you can figure out how much the place is worth and that, if you take that $2000 you'd pay up front, and then three or four months rent, you'd have enough of a down payment to buy another place at the same price without the scam.



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*RIP: John T. "220v" Richardson, Blessing Benson, and Dilla*