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ogdken

Just bought 1998 V70R Now what?

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I will add pictures soon. Picked it up for a great price because I believe it will need a head gasket. Interior is super clean and original. Has some scratches in the paint.
Black with charcoal interior. But, since I will be tearing it down, and I want to put around 300HP to the wheels.... How do I get there? Is the drive line tuff enough for 
300 hp if stock but in good condition? I live near the "Twin Cities" in MN. Any good shops or clubs in the area? 
I have wanted a volvo wagon sleeper for some time. I owned a 1990 740T and loved it. I am a brick fan. But a quick turbo wagon. Come on... That is a sleeper
lovers dream!!!! I am sure at some point I will want more than 300hp but I think I will have to build the driveline first. So lets start at 300hp....
Thank you in advance for any help you can give me. 
I am very mechanical and can do any work myself, except for tuning.... 

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if you're tearing it down i would shim the block while your in there. you're going to need a bigger turbo than the 16t that it has now. i'd go with a k24 off of a 2004+ R. then you'll need a downpipe, intercooler, intake pipe and a good tune. drive line should be able to hold that. i'd change out the angle gear fluid and transmission fluid as well. 

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