I want a change. I can't work inside an office for much longer, or I am going to loose it!
Yes I am new to renovations and investments, and I am ready to learn and put in lots of hard work.
I also have a trade background with trade connections.
I plan to do this as a living, so i would like to make around $60 000 - 70 000 PA
I bought a house 3 years ago $265 000. Plan to do quick / basic reno. Sell for approx $300 000. With the amount i have already paid off that gives me $100 000 to play with. No CGT as it is my primary residence.
I plan to use that $100 000 to finance my first project, which i intend to live in the whole time. I want to have it completed within 9 - 12 months.
So roughly one major reno per year. No CGT as it will be my primary residence.
I want to quit my job, but i am reaslistic and have thought it may be best to just go part time.
Like I said i'm not looking for huge profits, more a lifestyle change and a reasonable living. $60-70 grand profit would be suffice
I'm not going to jump into this, im planning this over the next 6 months, research, reading, legals, professional advice.
Just seeing if this sounds feasible. Am I missing anything?
I'm 24
Yes I am new to renovations and investments, and I am ready to learn and put in lots of hard work.
I also have a trade background with trade connections.
I plan to do this as a living, so i would like to make around $60 000 - 70 000 PA
I bought a house 3 years ago $265 000. Plan to do quick / basic reno. Sell for approx $300 000. With the amount i have already paid off that gives me $100 000 to play with. No CGT as it is my primary residence.
I plan to use that $100 000 to finance my first project, which i intend to live in the whole time. I want to have it completed within 9 - 12 months.
So roughly one major reno per year. No CGT as it will be my primary residence.
I want to quit my job, but i am reaslistic and have thought it may be best to just go part time.
Like I said i'm not looking for huge profits, more a lifestyle change and a reasonable living. $60-70 grand profit would be suffice
I'm not going to jump into this, im planning this over the next 6 months, research, reading, legals, professional advice.
Just seeing if this sounds feasible. Am I missing anything?
I'm 24