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Excellent, will have a read. Thanks for that Alan!

Thanks guys, good to weigh up the options I guess. Brought up some good points.

Thats interesting, I was coming up with the same sort of figure (10k), thats why I was curios to find out what other people did. Buy, renovate hold.... hmmm, does not sound to bad at all - increase value, increase rent, tap into more equity. Thanks for that!

Great, thanks for the info! I will do the figures on both. - much appreciated!

Interesting, will keep that in mind. The only issue is that the current ones don't really need a reno. Hence looking for properties that needed a little TLC. Doing it to an existing property is a good idea tho, as I will be able to see If I like it. I still want to know how people do 2-3...

Thanks! Say you do find a property with potential and you renovate quickly and cheaply, is it still worth it when you have to pay capital gains tax (I wasn't interested in living in the properties myself, so I guess I would be paying the full amount of CGT) As I am new to renovations I would...

Hi, I am looking at doing renovations to earn an income (whilst still working 9-5). There is so much material out there about reno's, tips & tricks but I really want to know how profitable renovating and selling properties is - especially if you want to 'buy, renovate and sell' v.s 'buy...