I'm in a situation where I have some equity available to make a purchase on IP2. I'm looking at about $300k loan. Lender says no problem as far as equity goes but income seems to be the problem. It was fine with IP1 while I was earning the same salary. Now I have the addition of rental income from IP1 on top of my salary but they seem to be wanting way more than before. Something like 20% more. Obviously getting a 20% pay rise is out of the question. I know this is a result of the APRA tightening. Has anyone else experienced this set back and where do you go from here? How can we as property investors continue using the same models as before? ie: Buy 1. Wait...equity increases, use equity for another loan...and rental income...buy number 2 etc?