Hi Renov8r, I am looking at trying to accomplish the same thing! I am also a tradie and project coordinator and have been working on houses as a side project for years…breaching that gap and launching into it full time is bloody hard! I am not sure there really is any simple solution but I agree the juggle of working full time and renovating full time is certainly taxing on the body, mind, lifestyle, family etc.

Some of the problems that I am still trying to get around include:
– keeping a borrowing capacity within the first few years (as mentioned above)
– Maximizing the profit if possible and maintaining cash-flow
– factoring in tax, stamp duty, agent fees etc – it all seems to add up and eat into profit!

Just a thought if you were willing to look at options for the first few years to get yourself started. Perhaps you could consider JV’s? Its the path I am travelling down

Anyways goodluck and keep us posted on your journey

Rach