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Updated about 7 years ago,
Buying Property and equity.
I have a question.
While searching for houses to invest in, i found quite a bit. They all totaled to $1million. But I only have $500k.
Is it a good idea to instead of getting a mortgage for $1million, should i buy all i can for $500k and then use the equity to buy the rest and that way I only have the $500K to repay?
Please let me know if i didnt think this out properly.