financial information, sort of

Perhaps you are confusing income from a small business and activity and owning a property. There are many property renoivators who peddle scheme that dont stack up for tax purposes. Buying a property and renos coe with timing issues to get in, get out and bank it. Minimum is 90 days and thats just unrealistic. So lets say thee times ayear, Allow for GST? ...Its dreamland.
Its like thinking I can dig a hole aday to mine gold....How deep is the hole ? May take a month or three to dig the gold ?

 

There is definitely harm in doing multiple applications and getting multiple credit hits on your file...

My suggestion would be to discuss your specific situation and goal with a broker (ideally one that specialises in investment loans - you might need to come to a special 'fee for service' agreement with him/her as flipping means no commission to them from the lenders) and also get your accountant on board.

If the numbers stack up, you might only be able to do 1 at a time until your financial position improves (capital and/or borrowing power) and then you should be able to do more.

Hope this helps?

Cheers,
Ethan