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David No, you would borrow 70% of valuation from the bank and the other 30% would be covered by the seller, ie, they would only recieve $1.4mil initially and then at the end of the 2 years, you would refinance to 70% on new valuation to pull out the equity (which hopefully covers the vendor...

Aaron/Davidmeister, Have you thought of the possibility of offering to purchase one of these properties using vendors finance as the deposit? In a market that you are confident will move upwards, this is quite a handy strategy, if you can get a vendor to agree to your terms. Eg; property for...