Following one of Terry's post on using borrowed money to fund investment purchase, I am having a weird situation that needs some suggestions. Going to attend an auction in Qld next Saturday, got loan pre-approved. The house is around 500K, so with all the extra fees, total cost would be around 520K. I have 120K cash in hand, and would like to put them into Term Deposit and borrow back, plus 80% of the house value = 400K. Essentially, I will be borrowing 520K (105%) from the bank, secured by the property (80%) and my own cash (25%) sitting in the bank. Here comes the question: If I win the auction, I would have to pay a deposit, whether it is $1000, 5% or 10%. How can I pay this now and get it back from the agent, so that all money on the purchase are borrowed? Can I use a $0 balance credit card to pay for deposit? Thanks very much for reading, all ideas welcome.