Thanks for the replies everyone.

Yes, I do plan to do more research. I believe the learning part of investing never stops, it’s an ongoing thing. But sooner or later one must use the knowledge they’ve aquired and take action. Sometimes more is learnt by jumping straight into the deep end

Yack, can you specify the names of the books you recommend by Peter Spann and Jan Somers? Also, what is the Peter Spann approach?

Steven, I guess it makes sense what you are saying…. try and stretch the $60k as far as possible. The only reason I was considering using all my savings on the one deal is to minimise/eliminate finance, hence less/no interest on my first deal, which would mean more cashflow wouldn’t it? I guess if I was to use an LVR of 80/20 for my first deal, the remaining savings I have could be parked into an offset account on the loan, to reduce interest. Is this what most people do?

Regards,
ozi