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  • Profile photo of kyl_37kyl_37
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    @kyl_37
    Join Date: 2003
    Post Count: 18

    I have used O’reilly and Stevens in Cairns and also Danielle D Hodgens in Atherton, I found both lawyers did a great job, although they were both fairly straight forward purchases. I am not sure whether it is necessary these days to have a lawyer do the conveyancing, it is pretty expensive..perhaps someone else on the forum can offer some advice on lawyers vs conveyancers?

    Kyl

    Profile photo of kyl_37kyl_37
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    @kyl_37
    Join Date: 2003
    Post Count: 18

    Im settling on my 3rd IP on 20th

    :-)

    Profile photo of kyl_37kyl_37
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    @kyl_37
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    Post Count: 18

    I thought it was common practice too..I’ve been asked on 2 occasions on QLD purchases. I went ahead with both purchases, so the deposit comes off the 10% deposit that is usually due in about 2 weeks after initial offer.
    If I had chosen not to go through with the deals, I believe you might lose 10% of the 500$ you put down…

    Kyl

    Profile photo of kyl_37kyl_37
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    @kyl_37
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    count me in [:D]

    Thanks Minimogul

    Profile photo of kyl_37kyl_37
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    @kyl_37
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    You could always ebay it afterwards if you didnt like what you read…

    Profile photo of kyl_37kyl_37
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    @kyl_37
    Join Date: 2003
    Post Count: 18

    Hello

    Im sure everyone is tired of seeing these scammers spamming their mailboxes…check out this site for some funny revenge stories

    http://www.419eater.com/

    Kyls

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    Don’t leave me out!

    Thanks Jarrod! [:D]

    Profile photo of kyl_37kyl_37
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    @kyl_37
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    Post Count: 18

    Thanks everyone! It is always interesting to see what the more experienced forumers think when I am just a “green” investor with a steep learning curve!
    [:D]

    Profile photo of kyl_37kyl_37
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    @kyl_37
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    Post Count: 18

    Hi fjficm

    my partner just bought in Berwick, seems the freeway extension has done a lot for that area.

    Kyl

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    @kyl_37
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    Recently I found a couple of places in Cairns which were close to cash flow positive…maybe you could investigate there?

    Profile photo of kyl_37kyl_37
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    @kyl_37
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    Post Count: 18

    Hello all

    Is it true that only the gst component of your airfare to see your IP is refundable? On reading this page on the ato site ( http://www.ato.gov.au/individuals/content.asp?doc=/content/31610.htm&page=4 ) I am under the impression you can claim for the airfare as long as it is only for inspecting the property and not for holidaying purposes….

    Kyl

    Profile photo of kyl_37kyl_37
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    Ferntree Gully, Victoria

    Gateway to Mount Dandenong [:)]

    Profile photo of kyl_37kyl_37
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    @kyl_37
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    Hi Melbourne young investors group

    I am sorry I missed this meeting as Im sure it would have been beneficial…starting out is always difficult! I hope all that attended had a good afternoon and that y’all plan to do another meeting some time that I might attend :-)

    Kyl

    Profile photo of kyl_37kyl_37
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    Hi thanks for the replies,

    I am refinancing at a fixed rate (currently variable) for a new 30 year period. I am not doing this to get capital for the second property as I have adequate savings for that, but rather I was told that it would be a move that could save me money. I am still a bit confused as to exactly how I would be saving any money with refinancing as the amount owed would be same and payments made to the loan would be less?

Viewing 14 posts - 1 through 14 (of 14 total)