builder vs investment property

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From: Danny Abs


Hi Folks.. terrific site , this is my first
posting so please be gentle!!!

I am a builder and sick of giving all my
money to the banks...I now intend to start a
invest. property portfolio.
Question is do I build in my company name and
sell to myself or build as an owner builder
and most importantly what are the
implications with the GST! I was wondering if
any one else has faced this challenge ?..



Kind Regards
 
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Reply: 1
From: Bob __


I'm certainly no expert in the field, but someone once told me that as an owner-builder, you could only get so many licences over a given period. Something to look into when you get advice, anyway.

Regards,

Bob
(Not a lawyer, not an accountant)
 
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