PLEASE HELP, INFO AND LOANS

Hi All,

I am writing to ask a few questions, i am new to property invewting i havent as yet bought any IP'S, i am after some help and maybe someone to point me in a direction into a good bank to get a loan from, my situation is this

Myself and my wife have our first home, we bought a place in a great st, but needed work done, we were able to put a $33000 deposit and then used the equity to do up the kitchen, carpet, fences, landscaping and finally a pool, we kept using our equity each time to be able to do this.

we currently owe around $290000, (our loan comes of fixed rate in march, mother in law works for cba sso we get a discount) the house was valued at around $300000 in the slow market..

my questions are;

1. how would we go about getting a loan for an ip
2. when the market improves we will get the home re valued by the bank, hopefully the land will go up
3. if it does do we use what every equity to get the ip
4. should we get other people involved to help, or start a trust

we are aiming for a place that is close to hospitals/schools that needs a little work, and put in a new kitchen/bathroom
paint the house is this the right place to attack?

please i am very new, and dont understand a great deal at this stage, i have bought steves master class, and am learning
every day, but any help would be a great help

regards

jason