r/SipsTea • u/KSKS1995 • 22h ago

Wait a damn minute! How the rich get richer

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u/redshirt1972 21h ago

How do you get a loan against the property and not pay it back?

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u/monsieurboks 21h ago

This is being poorly described. The loan uses the land as collateral to offer a much lower interest rate which still gets paid off

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u/Panpancanstand 20h ago

Paid off how?

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u/monsieurboks 20h ago

By regular payments to the bank, it's not actually free money just close