Cameron,

Thank you so much for your reply. I would like to give you more details  and need a very good advice.

My First Investment Property

FIP      = Commercial
Loan Amount    = $80,900  (69% of the loan)
Value of the Propertty
Purchased for    = $117000
Date Purchased    = 15/07/2007
Rent Per Year    = $12477 + GST
Laon Repayments PA  = $7644
Interest Rate   = 9.47 %
Loan Term     = 1 Year for the moment.

Valuation at this Stage = 170,000 (City of Melbourne on 02/01/2006) for Rates Valuation
Valuation by real estate agent = $190,000 – $210,000

What I am planning to do
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1) Get line of Credit on the Line of Credit or Some Cash from the Property.
2) Once I know how much I can have as line of credit .
3) Would like to get one more house / unit (cash flow property )
4) Amount with me at this stage $10,000.

Please advise me if I can get Line of Credit and How should I approach. Should I be going to the same broker and ask him. When I asked him about it, He told to look into the house first and we can talk about it later. But, I want to know before hand to know how much Line of Credit I can get.

Thank you
Hari Yellina