heya guys this is all good. The builder quoted me 40k for the job and i think i can do it for around 12k. I will keep everyone updated.

The building is in my name. Also for the future are there any issues with the same situation but the loan in a business name (renovate for profit)?

I should add this is in Qld, so the legislation is probably different in other states.

Thanks for your help guys. In regards to the structure of the company what would be a better idea? Our situation would be one of us working as a plumber earning 65k doing such contracting work, to help with the serviceability of the loans. I would work full time on the business until the banks can see that the business itself can service the…[Read more]

Thanks for your help so far everyone. Just to give a bit more information about ourselves. He is a plumber doing subcontracting work earning around 65k and I am in the government sector earning 70k. I have 1 house that I bought for 267k valued now at 330k thanks to adding a bathroom and some good renovations. This property could be positively…[Read more]