seti replied to the topic Converting a laundry to bathroom in the forum Value Adding 10 years, 4 months ago
heya guys this is all good. The builder quoted me 40k for the job and i think i can do it for around 12k. I will keep everyone updated.
seti replied to the topic Converting a laundry to bathroom in the forum Value Adding 10 years, 4 months ago
The building is in my name. Also for the future are there any issues with the same situation but the loan in a business name (renovate for profit)?
seti replied to the topic Converting a laundry to bathroom in the forum Value Adding 10 years, 4 months ago
I should add this is in Qld, so the legislation is probably different in other states.
seti replied to the topic Setup of business and Taxes in the forum Legal & Accounting 10 years, 6 months ago
Thanks for your help guys. In regards to the structure of the company what would be a better idea? Our situation would be one of us working as a plumber earning 65k doing such contracting work, to help with the serviceability of the loans. I would work full time on the business until the banks can see that the business itself can service the…[Read more]
seti replied to the topic Finance for business in the forum Finance 10 years, 6 months ago
Thanks for your help so far everyone. Just to give a bit more information about ourselves. He is a plumber doing subcontracting work earning around 65k and I am in the government sector earning 70k. I have 1 house that I bought for 267k valued now at 330k thanks to adding a bathroom and some good renovations. This property could be positively…[Read more]