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…[Read more]

Im settling on my 3rd IP on 20th

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

count me in []

Thanks Minimogul

You could always ebay it afterwards if you didnt like what you read…

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

Don’t leave me out!

Thanks Jarrod! []

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!
[]

Hi fjficm

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

Kyl

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

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…[Read more]

Ferntree Gully, Victoria

Gateway to Mount Dandenong []

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

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…[Read more]