Thanks for the replies fellow Somersofters, much appreciated, its great to get ideas from others.
I have taken a step back, having considered the responses, i think at this stage in my life i would be biting more than i could chew, it would be too stressful to maintain my day to day job whilst trying to do the reno's myself or keep an eye on tradesmen.
I think i will stick to properties that need minor renovations until i build my portfolio, then attempt a major reno like this.
I am seeing my financial adviser this weekend to see if i can borrow more money, and will be on the hunt for cash flow positive/neutral properties.
I have taken a step back, having considered the responses, i think at this stage in my life i would be biting more than i could chew, it would be too stressful to maintain my day to day job whilst trying to do the reno's myself or keep an eye on tradesmen.
I think i will stick to properties that need minor renovations until i build my portfolio, then attempt a major reno like this.
I am seeing my financial adviser this weekend to see if i can borrow more money, and will be on the hunt for cash flow positive/neutral properties.