Leveraging yourself by means of putting little or nothing down on your mortgage is not a new concept, but over the past couple of years it's morphed itself away from those who don't have any down payment money or for those qualified for a VA loan -- to those who have down payment money but don't want to use it.
They want to invest it instead in things such as stocks or mutual funds or something similar. Books touting this new idea seem to sprouting up like mushrooms, with perhaps the first relevant book on the topic was one written by Doug Andrew called, "Missed Fortune 101" (Business Plus 2005), and tells people how they shouldn't put anything down and provides a path to wealth. Doug says you can do this by taking the money you would have otherwise used as down payment and invest those same funds somewhere else.
There's even a formula that shows at what point a down payment-turned-investment would surpass the original mortgage in terms of value. It's a well-written book and makes a lot of sense. The math always works when you compare investing money and compound interest and such and had been so popular it has spawned other books just hitting bookshelves promoting the same idea just in different formats.
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