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Ajax you have put some great questions out there. Interest only is the go as you say, for cash flow. I would advise anyone who wants to do such a project to speak with an accountant. I believe that in regards to demolishing an existing home and building townhouses would appear that the...

In terms of the construction loan, you would not be paying the full amount in interest as you would be making progress payments therefore paying interest on what has been paid to the builder. It would be hard to calculate this without a contract, as the contract will stipulate the % for each...

Discussing this with the other half this morning. He would like you to keep us posted. Now some key things he picked up. - civil engineering (works). This obviously varies but he has found on his jobs that they have varied from 8k to 20k. - you are looking at around 90k of GST - as...

I have had a look bearing in mind I have done so on my blackberry and not the pc. What is your contingency if the build time runs over? what is your contingency plan if it takes longer than 3 months to sell? Have you got cash flow to pay the loan? Is it close to 5k a month? Have you...