How can you get a bank loan for a house when you don’t even have nearly as much for collateral?

God’sStrength asked: I was looking at a book about real estate investing and it says you can take a small amount of money (Example:$10,000.00 and have the bank give you a $70,000.00 loan added to your $10,000.00 and you can invest in real estate by buying your first home. Now, how in the world is [...]