Thanks everyone for your replies!!!!! It was very helpful!!!

Thanks everyone! Your opinions have been very helpful. I've pretty much decided not to waste time going. @ Catalyst : the website is: http://www.growthandcashflow.com/first200/.

ok. Thanks guys!

Thanks Terryw! Becoming clearer…As you can see I am a novice and property jargon is all new to me but thanks for your time in answering the questions. May I ask what is a LOC (Line of Credit?) and how does it work? I've read about it in some articles on property but dont really know how it works? Is it just another fancy term for a loan?

Thanks but I'm about I ask some more dumb questions and confirmation on my ignorance:So just to confirm point 1 that you made Richard, with the 100K equity only loan securitised against the PPOR, the bank can only take possession of my PPOR if something goes wrong and not my new IP? What I'm still confused about is if I take the $100K…[Read more]

DOH! I was hoping there would be some kind of extension application I can apply for since I am not renting out any of the houses. Thanks!!

Thanks for your reply Richard and for the articles. Very inspiring too!!I'll certainly be considering these factors and will probably have lots more questions to ask once I start the investment journey.Merry Christmas and Happy New Year!