Hi

This site that has a heap of articles that might help. http://www.prosolution.com.au

I am a novice at this property investing sruff but am becoming very interested and actively seeking to get into the market.

My thought would be to research off-set accounts for your additional $400 so its working against your principle but still accessible, then start searching for an IP. The equity in your current property would probably help.

I will be watching this space for any other thoughts aswell.

Good luck.
Makka