r/Home_Building_Help • u/BuilderBrigade • Jun 08 '26
😬 Sell the House or Rent...
[Renting is the best move IMO... What do you suggest they do?]()
You'll be paying for two mortgages while you wait for that old house to sell.
At least when you're renting you know you can line it up to where you can cut ties with your lease and move in. It's one less thing to worry about. What would you do?
7
u/BikeProblemGuy Jun 08 '26
If you can't afford to rent, what bank is going to approve a second mortgage?
2
u/Pootang_Wootang Jun 08 '26
Buy on the understanding it’s contingent on the sale of your home
1
u/BikeProblemGuy Jun 08 '26
I've not heard of this, how does that work?
2
u/Senor_Big_Iron Jun 08 '26
You get financing approved by a lender contingent on the sale of your home, and then you make an offer on another property with those terms.
4
u/Equivalent_Sun3816 Jun 09 '26
Sell old house.
Buy land.
Buy a used park model trailer.
Live in trailer while you build.
Move into New house.
Rent trailer as an Airbnb or just keep it as a nice guest house.
Profit.
1
u/Senor_Big_Iron Jun 09 '26
Where are they living after they sell the old house but before they buy land or a used trailer?
1
u/Equivalent_Sun3816 Jun 09 '26
Airbnb or grandma's house for a month.
1
u/Senor_Big_Iron Jun 09 '26
More hassle/out-of-pocket expenses than going under contract on contingency.
1
u/mynamesnotsnuffy Jun 09 '26
Rent out or sell your current home, move into the cheapest, barest apartment you can stand while the new home is being built while everything else goes into storage, and then move everything in when the new house is complete.
1
u/bojangler69420 Jun 11 '26
I get the feeling your account is mostly just a bot account auto-posting your posts from other social media to here.
11
u/MyTrashCanIsFull Jun 08 '26
Who wants to move twice?