property purchases speculating not investing, page-59

  1. 1,469 Posts.
    mickdoohan

    are you saying i can go to the bank and borrow $1mil for 1 year only pay interest on it, and after the year is up i get to keep the $1mil


    sweet which bank does this?

    also wouldnt a interest only loan increase the interest not reduce, as the principal never shirnks in a interest only loan as your not paying it off?
 
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