Hi there, I am 45, have a $175 k mortgage on our home property valued at $450k. I earn $75-80k. I am trying to figure the best way to get ahead. The bank will lend us up to $350k for an investment property. Currently i am thinking conservatively; and buying a property that would likely be marginally negatively geared but if we hold eventually the renters will pay off the IP mortgage. Ideally I would like to buy unrenovated, add value and purchase more. Any advice, beyond "pay off your non tax- deductible home mortage". The ultimate goal would to work p/t in my current role, and manage the properties fro passive income. Cheers.