Hi all[].I have only discovered this brilliant site tonight and was immediately drawn to a topic that as novice property investor I am seriously wrestling with.Have I left it too late to expand on the 1 investment property my wife and I purchased in 2001?For a number of reasons we have been reluctant to buy more IP,s including a new $200,000 Mortgage,the expensive dependant years[2 teenage girls at a private school ect]and most of all an uncertainty about whether now or in a few years time would be better timing.While I’m still perhaps niavely optimistic that growth will in the medium to long term remain healthy in certain area’s my wife is urging more caution at this time of uncertainty[].We have equity of around 70,000 in our IP and about $100,000 in the family home but our current repayments don,t leave us a lot of room if rates were to rise by 2 to 3 %in the next year or so.We are also considering a reno on the FH which would given that it would give us a ocean view should increase our equity further..but at what cost.Having finished reading Rich Dad Poor Dad [20 years too late[!]]I am champing at the bit but the nagging doubt won’t go away[8]…now or as some of you have suggested 05/06.I would be grateful for any advice from this forums wealth of experience[]Cheers![]