Hi all, I have just registered for this site but have been reading a lot of posts since discovering these forums about a week ago and have gained a lot knowledge, ideas and inspiration from reading some of the posts by experienced and wealthy individuals. I'm currently 21, working full time and living at home with my parents. Over the last 9 months or so I've been building a diversified investment portfolio consisting of some managed funds and ASX-listed stocks. My current net worth is about $12k but I am gearing quite agressively with LVR currently at 68% using a ComSec margin loan. This risk doesn't concern me too much as I have enough income from my job to cover the interest and make additional investments fairly regularly. Once my portfolio gets a bit bigger I will probably drop the gearing to around 50% to have more of a safety margin. I am considering whether an investment property would be a good strategy at this stage or not. If I was to have an IP I would like it to be cashflow-neutral or close to that, as I would like to continue putting my spare income onto my margin loan to purchase more stocks. I've seen some properties that sell for about $130k and have $150/week rent. From my calculations, if I was to save $50k deposit for a house like this, I could mortgage the remaining $80k over a 15 year term and the rent would almost cover all of the loan payments. If I did this I would like to hold on to my stock portfolio rather than selling it to get the $50k, so is it possible that I could use a LOC loan to access that $50k equity and keep my other investments as they were? Maybe this would be pointless as it would effectively be like mortgaging 100% of the IP? Sorry if I seem a bit confused or make no sense. I'm trying to work out whether I should continue to invest in stocks/funds which I am presently fairly comfortable with, or whether it would be a smart move to venture into real estate (something I don't know so much about) to form a nice foundation for wealth in the future. Thanks for any comments/advice or experience you can share. Volante.