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Interesting, I guess the big question would be whether the bank would let me go through with it, due to my income.. EDIT: If I got a rental appraisal for my house, would that help my cause? And to answer your question Dave, I am looking at renting out my current house and moving into another...

That's sort of what I was looking for. By goals I meant, what I would have to do to be able to get another house under my current circumstances.

Hey guys, So I bought my first house a while ago, and now I want to set some goals to buy my first IP. Current situation: Income: Low 40's PPOR Value: $330 - $340,000 Loan: $250,000 So I was wondering if some one could tell me the goals I need to set myself to buy another property...