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There is no story to tell - he only knows the 'theory' of property, and not very much at that. I on the other hand, know the theory of brain surgery....Im thinking of a backyard start-up scam.....anyone want in? $0 upfront for 50% share! pinkboy

Are you suggesting this concept will make more than a surgeon? :eek: pinkboy:p

Avon isn't a new concept DaveM....is there something you want to 'come out' to the forum? :D:D:D pinkboy

Specifically reality TV? pinkboy

Nice find AITH! pinkboy

He has said NONE - he just knows the 'fundamentals' of renovation :rolleyes: pinkboy

How do you propose to get these 'elite' persons to join your team? If they are that 'elite', they will be doing it themselves. pinkboy

And I've been paying for real estate with rainbows, butterflies and lollipops all these years! pinkboy

Problem is cash! There is none. Only a goose investor will dump $500k in to get this off the ground. Or if you have 50 investors chipping in $10k each, then this 20% profit has to be split into 50 shares. Way too much risk for initial investors, both funding, and realization of profits...

You don't even know foreigners can't buy existing property! I think you are out of your depth to be frankly honest. You might need a year or 5 to research before tackling this one! pinkboy

Still haven't answered my initial question - what is your BIO? Do you have experience directing/managing a multi million dollar business such as one you propose? pinkboy

So you bring the idea and no funds? Now your general idea is out in the open, what's stopping a group of Somersoftarians or anyone creating this concept and leaving you out? pinkboy

So you have $600k cash to start with then? pinkboy

Adding on from this, how many renos can you afford to have on the go at the same time? I mean, 5x $60k renos is $300k outlay (using your example a guide - that's a lot of cash to outlay as tradies will want their cut in 14 days, not wait the possible 6-12months before the place sells to get...