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is it possible to get a big home loan,but turn around and purchase a cheap 1,then use the rest of it in vegas

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if i took out a home loan for 400000 but i only needed 100000,can i use the rest to go gamble in las vegas and get hammered,or will the loan office want to see documents of the exact cost of the house.also,can i get a home loan and just use the money to rent a condo,im trying to get a large bankroll to be a gambler

Sell and Rent Back

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