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Thanks for the reply, that explains it in simple terms...Which is exactly what I need as a noob investor! :)

So baffled... Short story; I work part time, make about $30K a year. I want to buy an IP and rent it out, cashflow positive. Shouldn't be a problem...? If the tenants are paying it off, what does my income matter? My broker tells me it all still ties back to me, and I can't wrap my head...

Hey Jess whenever I try to use those online "borrowing capacity" calculators, there is never an option for me to choose "investment property" and factor in the incoming rent. Do you know of any online that could give me a ballpark figure if I factored this in?

Very good point, about finding my capacity first. As for loans, I'm aware I can apply for some 1-day loans out there but I'd rather have the flexibility of a few to choose from :)

Hi everyone, I've been lurking around these forums for a couple years now and only joined recently. This week I'm posting a thread out of a strong desire to finally take action. What kick started it is actually kind of funny, and sad... I'm 31 years old, and have wanted to buy an IP for the...