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Now that is interesting. I assume you have to refinance with that bank? So it works like this: PurchasePrice: $137,000 Bank valuation: $205,000 And you can get 90% or $61,200 to spend on.... anything? But choose to spend on another house... Nice

Nathan, how does the re-extracting capital work? LOC? How does the topup loan work to give you a deposit? Just confused there thansk