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Thanks for all the input guys, yeah we are looking to go the house option. Going to have a look at balmain an the surrounds now, but I'm pretty sure that's going to work out as a bigger outlay than we were hoping to start off with. No harm looking though!

Yeah we were thinking there may be too many people in on it. when you talk about structural renos, do you think there is more money to be made say adding bedrooms/bathrooms etc? Do you think that would be more beneficial in the better/more expensive areas.? Thanks for the help with this, much...

The carpenter is the main one pushing it to be honest, And I was reading somewhere on here the other day, that if we went the business option we wouldn't need to pay cgt but we would the 30% company tax, does that sound right?

Haha yeah, luckily I'm not the carpenter. The carpenter and the landscaper are in business together though, so they are both pretty good across the two trades. Hopefully that lightens the load for him a bit.

Hi guys I've been lurking in the shadows here for a while now, really helped me work out where to buy my first unit. So i thought it's about time I post something and ask my own specific questions. As the title says, myself and a few mates are looking at buying a rundown/older place around...