Cheers Mattsta. Yeah they do have a Bunnings which will help for materials like paint, concrete, grout etc. I'm hoping they might have something that sells building materials that have been ripped out of renos/demolitions.. i'll keep researching.

Cheers Terry.

Hi Terry,Thanks for your info.The way I see it is the partner has money but no experience and wants to get into the market and I have experience (albeit not a huge amount), so I see it that we can help each other out. Again I guess the issue which I raised earlier is what price does ones experience equate to?You mention a unit trust. Is this…[Read more]

Thanks Terry & Paul,I've re-assessed the situation and after more research on JV's, I think I like the idea of the Buy/Reno/Sell strategy. We then sell and split profits. Obviously CGT is not an ideal situation but I guess its our or my task to make sure the whole project is worth our while taking this into account.My basic breakdown for the JV…[Read more]

Hi Paul,Thanks for your info. I understand how that structure would work. The other important point to raise which I forgot to make clear in initial post is that the investor would be looking to pay for the entire process… ie 100% cash for property and 100% cash for renos (it should be noted investor is not in the mafia.. these are lower priced…[Read more]