Hi. I bought my first property, a townhouse PPOR, 6 months ago, and now that I've settled in I'm looking for feedback on preparing to buy my first IP around 2016/2017. I'm currently putting as much money as I can into my offset account (P&I, with credit card for everyday expenses) as well saving a cash buffer of 4 months salary (also sitting in the offset). I want to use equity in the PPOR to fund the deposit for an IP. At the rate I'm going, I'll have about $50k by end of 2016 in the offset. Is there anything else I should be doing in the meantime, or should consider for future planning? E.g should I pay money straight into the mortgage instead of putting it into the offset? Is there anything else I can do to build equity? Should I set up a trust (as per Steve McKnight's book) later next year for the IP even though I'm not in a job that has a high risk of litigation? A couple of other things: I'm 40 and my goal is to have $50k in passive income (via property and shares) to supplement my super in retirement. Still doing homework on my strategy, but I'd like my first IP to be cashflow positive. Also, I'm considering turning my PPOR into rental in about 5 years time, and buying a separate title home as my next PPOR. Not sure what else I'll need to factor in if I decide to do this.