Steve McKnight wrote:

Terry makes a good point about banks not looking at links. They will have their own policy, and their own legal department.

Haha… Too right Steve! Banks are a bit of a law unto themselves, I think we’ve probably all experienced that at one point or another!

Thush80 wrote:

This is really urgent and if anyone can help with me a link that bank can accept would be a great help

People might be able to provide a bit more help if you can give us a bit more context? For example, do you have a friend/family member who might be willing to be guarantor for your loan? Or perhaps the other way around?

Steven wrote:

Of course, my post is not intended to convince people to “start abandoning multile million dollar properties and start buying cheap properties”, but rather to provide a different angle so investors can take those into consideration when making decisions.

Thanks for the thoughtful post Steven. It’s a commonly talked about thing, and I agree that it’s not a once size fits all type situation.

Having said that, with my portfolio, for me, I sleep a lot better at knight when one property has issues (for example, I’m having to do some major repairs on one at the moment) or is untenanted than what I would if I had all my eggs in the one basket. And for me, I also like the extra flexibility of being able to hedge my bets in multiple markets and minimize holding costs etc. But you’re right, it can also come with more hassles, so I guess people need to give it careful consideration and make a decision that works for them :)