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    June 26, 2013 - 4:06 am

    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.

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    June 26, 2013 - 1:53 am

    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?

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    June 25, 2013 - 9:28 am

    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 really want to pay LMI assuming that is still the cut off point where it becomes necessary.

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    September 25, 2012 - 10:16 pm

    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.

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    August 16, 2012 - 3:30 am

    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 name while being on the higher MTR.

    Its simpler and the deduction wont be all that beneficial if the net result is that my wife receives it on a low income anyway.

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    August 14, 2012 - 7:02 am

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

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    August 8, 2012 - 10:59 pm

    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 a couple of stumbling blocks i found when i was looking into it things may have changed.

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    August 8, 2012 - 10:29 pm

    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.

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    August 7, 2012 - 10:52 pm

    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.

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    August 7, 2012 - 12:20 pm

    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.

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    May 25, 2012 - 2:49 am

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

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    February 14, 2012 - 12:36 pm
    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 the park are half million dollar homes and two blocks over to the east is the edge of the ghetto.  I got the above mentioned house for 33,000 in 2009 and put about the same into it.  It rents for 1,200 a month and when the market comes back i am sure i will be able to get 120,000 for it no problem.  This type of house in this area is about location and personality.  I would rather purchase this type of older house with original oak trim, hardwood floors, horse hair brush texture and stone foundations.  The frames of these houses are so old the wood is almost like rock itself.  Try to saw zall ones of these 2X4's and u can see the difference how long it will take you compared to a new pine 2X4.  Biggest reason i don't invest really anywhere else is i can't make the money i can in my own city. 

    If your more specific i can be more helpful for Kansas City :)

    Thanks for responding. I dont really have a specific sort of property in mind but it needs to be something that will last the test of time and people need to want to live in the area. KC seems to be discounted by 10k or so from the homes going in places like Atlanta so its definetely cheap i just want to make sure im not buying cheap and receiving garbage.

    In terms of requirements im looking for something already ready to lease or tenanted in the 30k-50k range with a sustainable yield around the 15% mark. Ideally a home low on maintenance – any suburbs u can recommend to be a good neighborhood?

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    February 14, 2012 - 1:41 am

    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 think i might end up being inclined to buy a few.

    One last one i forgot to ask – can anyone explain to me in layman's terms what a section 8 tenant is and what its all about ? :)

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