Hi people,
I've been thinking about the following for a while: Let's say you have 200K in financial assets, like ETFs, bonds and individual stocks.
Would a bank give you a loan of, say, 150K using those assets as collateral so you can then buy a property to let?
The idea is to acquire an income producing asset with no money out of your pocket.
Is this feasible? Have any of you done this before?
Thanks in advance for your thoughts.
Gabriel.
I've been thinking about the following for a while: Let's say you have 200K in financial assets, like ETFs, bonds and individual stocks.
Would a bank give you a loan of, say, 150K using those assets as collateral so you can then buy a property to let?
The idea is to acquire an income producing asset with no money out of your pocket.
Is this feasible? Have any of you done this before?
Thanks in advance for your thoughts.
Gabriel.