I have a group i am aligned with but not contracted to anything else. All my income goes through this group then to me as they recieve a cut of my earnings. Recieved in my business bank every fortnight which i can then choose to pay  as salary etc or reinvest into business.

I work as a risk adviser so finance/banking industry. Also secondly does it make any difference if i was looking at buying land and building rather than an outright purchase?

Hi all, thanks sorry for the delay

Yep working in same profession just S/E now rather than an employee. At this early stage looking likely i will make more than i did as an employee but still early days.

In terms of LVR well it really comes down to wanting to find out what they will lend…i have been working on 80% basically because i didn't…[Read more]

i would say pretty much everything is already covered here if you trawl through the Overseas forum posts from previous months. That's the only reason why i think it may have dried up.

Thanks for clarifying Terry I spoke to some people away from this site and that was a similar answer to what i received. I believe something needs to be formally drawn up though to confirm the on lend that is taking place.

To make matters simple i am just going to end up going with the traditional Inv loan in my name and claim the deduction in my…[Read more]

not to mention individual trustees can become a disaster in the event of death/divorce/adding members etc

When i looked into buying one my only concern was whether the upfront cost for the investment was higher than a non NRAS property and that was where you may take a bit of a hit. Also there seems to be less lenders out there prepared to fund an NRAS property and i dont know of anyone that will provide an SMSF loan for an NRAS property.

Sorry just…[Read more]

My own home here in Australia just scored a 35 on walkscore compared to investment property in the USA which scored 51.

I am about 40 minutes drive from Melbourne CBD but i do agree with the assessment that it is a car dependant area. Gives some confidence though.

Yeah that was the plan. Wife working part time with low income makes sense to invest in her name but not if the deductibility aspect is lost.

ah i see thanks for clarifying i thought that may be the case but hoped there might have been some leniency due to the spouse relationship. The purpose of the loan is still an investment it would have just been done in my wife's name as she happened to be on the lower MTR.

i would be keen to see that info as well if you dont mind nyc

kylermrice wrote:
Depends on what type of investment it is your looking for in Kansas City?  Then i could tell you what is the best area for that type of investment. There are lots of nice areas that border the ghetto so the zip code thing doesn't work that well in Jackson county.  I have a house at 4445 Gilham road, Kansas City, MO., across t…[Read more]

great thank you guys,Alex, after 10 years if all has gone well i'll have a few properties and wont be looking to sell. Why would i if the yield is sustainable even if there is modest capital growth. I expect i would sell eventually but it wont be a short term thing. If i can see that the income is flowing through and if the dollar is still high i…[Read more]