Thanks for all the responses and genera positivity regarding my situation. Let me address everyone individually as i appreciate all your feedback.

1. Wilko: My broker is actually a mate of mine, he became a broker about just over a year ago, he worked in the banking industry previously. He has made senior broker in that time and seems successful from what I can see. He has 1 property investment so far and I doubt he is trying to push sales on to me as I mentioned he is a mate. As a new inexperienced investor, im looking to start purchasing more on the lower end, NOT NEW, most likely older properties that may need some reno work which could create equity which i could extract to invest in more. And yes im looking for the more foundation bread and butter type properties that will produce good cash flow and have potential for capital growth.

2. TheNewGuy: No kids but do have a dependent spouse and yeah I know things will need to be re prioritised as soon as kids come in the equation which is why i want to setup my PI foundation before that happens lol. My 150k savings is just in a term deposit at the moment, been saving it to use as an offset account when I finally take on this mortgage to lower repayments, if not, it will be used for PI purposes.

3. Kinetic: Ive been to a few of those free seminars but i agree, they totally push their own agendas.I guess iam time poor and do intend to buy and hold (with possible minor reno if needed) for the bulk of my investing, if i am able to build a solid portfolio this way, i do have interest in flipping too. Primarily Id want to start of investing in the lower end of the sydney metro areas that have good CG and build my way up into the inner west and higher, im open to other states ie qld and vic if their are good opportunities, but def not looking at regional cheapies.

4. Catalyst: Thanks for the positivity, I havnt read any PI books yet but am very keen to start, my problem is not knowing which ones are the most useful, I have heard “rich dad poor dad” being mentioned before but besides that im not really sure. If you could recommend a few that would be great. Strategy wise im not sure at all but i do want to start simple and progress to more complex ventures way down in the future when im more experienced.

As mentioned above, my broker is a mate of mine, hes been working as a broker for just over a year now, he worked in the banking industry previously. He has made senior broker in that time and seems successful from what I can see. He has 1 property investment so far and as a matter of fact he suggested a very similar strategy to what you have mentioned which is to put the 150k into an offset account on my PPOR so i can lower the mortgage repayments. In terms of borrowing capacity, he has evaluated it to be at $460k mark which covers my total loan amount and leaves a bit left over to use, he thinks id be able to bump up my borrowing capacity to around 300k if i invest in a second property. Im looking for bread and butter type properties possibly in western syd which ive heard can go for around the 300k mark. Im also open and willing to learn if there are other potential properties with similar attributes either in syd or other areas that have good rent cash flow and room for CG.

How does the LOC against PPOR work? is that the same as extracting the equity and using it as cash on a new PI? and if so doesnt that mean you would be putting up your PPOR as cross collateral?

Which other property buyers agents would you recommend? Ive heard good things about BInvested. I will def look into the one you have suggested and im keen to attend their meetings esp since they are quite close to me.

5. kane9539: thanks and im very cautious hence im trying to do my research and learn as much as possible before taking the plunge lol.

6. Jamie M: thanks for the input, i would like to network with more brokers who are PI investors themselves, same goes for accountants and financial advisers, hopefully some may cross paths with me on here lol.