I am looking to buy a car for my wife- around the 50k mark. Although I don't really like splashing out on depreciating assets, we do have another bub on the way and we need a bigger family car. My question is this: Lets just say I found a property for sale at around 50k and it rents for $150 per week and I pay cash for it with no loan and then I did some minor upgrades and got the property valued at 60k. Could I draw the equity out of the property to buy the car and have the rent pay the loan down? So basically I would have a car and a property for the same outlay?