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My experience is that if I have 100k in my hand, there are plenty banks out there that would lend me 300k to buy property. This was before the banks started giving money away to anybody, and after. This whole concept was promoted here by those taking fees on it when banks where giving money to...

Or you could just use a 600k LOC as deposits to buy IPs without any cashbond. It comes down to cashflow, and CB is not real cashflow, plus all the fees. Especially when banks were giving away money to anybody, which is when this was being pushed the most. But lo docs still exist without "buying"...

The principle is this: You borrow 500K on your equity, give it to someone else who pays you back 50K a year for 10 yrs. You then go to the bank and say "I now earn 50k on top of my salary, my income is 50k more" Of course you pay many fees for the honor of giving them your money so they give...