Thank you so much, Terry.  You have given us exactly the answers we need.  We will certainly look up the different structures and see our accountants.Thanks for your help and 'being in our head space!'Cheers!

I know you previously said this was going to last for years and years, but what about the rental market?  People still have to have somewhere to live……… What do you think is going to happen now in all areas?

Scamp – I bet there are a few people who wish they had listened to you….    how did you know all  this was coming? 

quickchick wrote:
Hey, TanyaaWhat general area are you in? Would help you for accountant recommendations. Time to change accountants! You don't need an accountant to tell you what to do, so much as clarify the numbers of each option so you can make an informed decision for yourself.(I'm fascinated with Scamp's approach…. if you truly feel so…[Read more]

Thanks Quick Chick ,Re: For sure, worth asking your accountant's advice……………. I have been very loyal to my accountant for the last 17 yearsand personally think the world of him, but feel that for the last 5 years, things have not been very advantageous professionally.If anyone can recommend a good accountant that they feel they have had…[Read more]

Yes Shaun, unfortunately I bought a narrow block which means it needs a 2 story house and my borrowing capacity is around 130k., which is not enough for a 2 story.   

Shaun M Smith wrote:
Hi TanjaaAre you positive you are unable to borrow the funds needed to build?Regards