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No problem buying properties and reselling, depends what ones goals are. I am still a strong beliver of having stong base portfolio before one gets into the business of buying/selling as an investment stratergy. Sure earning $40k a deal is nice but having a solid base porftfolio is far more...

There comes a time where you can have enough of fixing fences and pulling toys out of toilets... For anyone starting i would suggest to build a strong base of buy and holds first as then you have a foundation portfolio, along with knowing the ins/outs of the whole process. Say 10-20...

Also, Cartoon, from my understanding is trying to buy/reno/resell in straight up and down method.

Cartoon, you say equity... CBA have been harsh on my val, which lender are you with? And what have they Val'd the place at?? If you can PM me, I may be able to assist with your Q above :)