Hi Novo, I'm new here and in exactly the same boat, I have sat on my back side to long watching the world go by and this web site is giving me the information and momentum to do something about it.

I'm looking similar advice, the "if I was starting from scratch again I'd do it this way" advice.

I have with $500k (2brm1bth Bardon Qld) in equity in my house (paid off), no debts and $2000 spare a month after expenses ($3k next year 2009). I simply don't know where to start? Although after reading the tour on this site I know I want a passive positive cash flow 'eventually', I think in the start maybe some negative gearing would be ok for 10 years (I'll be 45 then and would love to do more skiing )

What would any of you do in my situation, I guess that's what anyone is after, lots of different advice to make an informed decision.

Geoff.