Hi All, I am a 25yo who is looking at purchasing my 2nd IP. After buying a 3 bedroom negatively geared property at a very good price, I am now trying to learn more about positive cash flow properties like apartments either in or close to the Melbourne CBD. If all goes well with my first positive cash flow investment, I would be keen to buy another in late 2010! The main reason why I am looking at positive cash flow property is; 1. I am still young & need to build instant cash flow. 2. The bank will only lend me so much if I keep purchasing negatively geared properties which require some of my income in order to service the loans. Is there anyone out there who has a positive cash flow portfolio or can comment on the advantages / disadvantages in using them to build a quality property portfolio? Thanks, Michael.