First some of my details: - Paid off mortgage in July/08 on PPOR, looking for opportunities for IP. - PAYG of $80,000 (wife $80,000) = total of $160,000, also get car allowance of 12k and all fuel - Currently saving at least $1200 per week - saved $82,000 since July/08 - Will have tax bill for this financial year of $30k - to be paid May/10 - A little concerned about job security, but i am very motivated and have not afraid to do anything to feed family etc. What i would like to do: - Keep saving as much as posible to increase buffer if needed at later date - Purchase 2 IP's before end of 2010 Is it possible to get LOC of say $250k on PPOR,use this for all costs including deposit. stamp duty and outgoings for IP. Get Loan for IP for something like this . Income/rent from property pays down LOC.