01 · California renter → new build, southwest Las Vegas
Equity before the keys
Tired of writing rent checks that built someone else's equity, she moved from California into a new build in the southwest. The builder offered two ways in: a lower price with a smaller credit, or a higher price with a bigger one. She took the disciplined option.
The appraisal came back at $705K against her $650K contract price. Fifty-five thousand dollars of equity before she ever got the keys.
The flashier incentive isn't always the better deal. The math is.
$55K
of day-one equity
