OK - first post with a million questions in my head. I started with one but started reading the forums! First is LOC strategy - I have had an FP recommeneded that uses LOC strategy (using only Westpac!) in conjunction with a focus on debt reduction/budgeting and tax minimisation with some very promising projections. I don't know the particulars but am assuming IO for PPOR (with an offset) and investing with IO and channelling income into the offset. Either way I have procrastinated for way too long and want to kick off now! My position is this: Married with two children, combined income of $190k, $420k equity in PPOR, $40k in shares, $10k cash. One IP with $30k equity ($150k:$120k) which is CF neutral. Conservative free cashflow of $250 per week. My HL is fixed at 6.84% until 2010. Owe around $25k in personal loan. I consider myself risk-tolerant. Can you fill me in on the LOC strategy or something more suited to my situation? I will post my other questions separately!