Thanks again everyone for taking the time to share your thoughts.  I totally agree regarding being able to service the increased debt.  Since first submitting this topice we've gone back to our current bank again and they have extended finance to us, which we've taken up.  Now for us I feel it's a question of managing it as wisely as po…[Read more]

Thanks for your input everyone.  The $6k is the refinancing costs (stamp duty and mortgage insurance) of taking all 3 props across to the proposed new lender.  Perhaps my reality is that we need to wait for other factors to change – ie rental income to increase?Thanks again

Thanks guys.  I have looked a little at no doc and may yet go this way though it's asking me to state I earn $74k, and will cost around $6k to do.  I'm very aware of the leap we're taking if we get the next step wrong.  Would u  recommend doing this in the market at this time?

Hi,

Just another question regarding this if this is ok.

I was under the impression that over a certain number of rooms your legal situation changes with regards management and also insurance can then become more expensive as it is by the room. Is this your experience or does the extra income outweigh these changes?

Thanks

Thanks Amanda and Terry for your input, really appreciated. Can I ask Terry, why you advise to stay away from Macquarie? I have heard they are aggressive, are there other reasons?