The deal size you are looking at is so small that it can't pay for you make regular trips to check on your property, so you'll be relying solely on the team you have chosen to work with.You need to define your goals and make sure they align with your partners'.

*This post is informational only and is not to be relied upon.

It took about 30 days, but the Stay was released and then just as they were about to be re served, the other partner filed bankruptcy.

Hi everyone and thank you in advance for any advice you may have.I have a situation where I purchase a house 6 month's ago for a family member,my daughter,to move into.I applied for and received permits to do construction repairs to the property.Since the house was purchased by me for a family member,I as the homeowner was able to pull the needed permits.I am not a licensed contractor.The permits were for scope of work/general repairs and minor electrical repairs.In my state of South Carolina if an owner pulls permits on second homes or investment properties,you are not allowed to sell or rent the property for two years.Well do to unforeseen circumstances,illness in family,my daughter can not move in and I will need to list the house for sell.It will cause me some financial problems if I try to keep it.The majority of the repairs have been done but are not complete.I need to sell the house in unfinished as is condition.My question is has anyone dealt with open permits when selling a property.The permits are with the County of Charleston and they have always had a hard nosed attitude about generating revenue.I know the most obvious answer will be to call the building dept. and find out what to do,but just wanted to get a heads up before I do from anyone who may have had a similar experience.Thank you....

I have sailed all over the the eastern Pacific from the Gulf of Alaska and the Bering Sea to South America.

I have provided so much info and my family member is getting upset with this annoying process just to save a few hundred dollars in payments per month.

Welcome my fellow Solano County BP member =) I live in Suisun but my partner and I do business all around the Bay.

I can not tell you how difficult a challenge it might be to the property re-zoned, but based on your numbers, if the property can not be re-zoned you can not legally rent the third unit, which would result in a negative cash flow at the current price.

How things proceed from there will depend on you and your relative(s) in the U.S.A are organized and what percentage of the CFBT is attributable to you and will be re-patronized.Assuming you paid cash for the property; it is held in a 50/50 partnership with your relative; and you were bring all of your earnings back to Canada, then the 30% withholding is only applied to your portion (8160) and your relative would be taxed at the rate for US citizens/residents.

Only improvements done close to selling, and done prudently, and with generally accepted taste - can be relied on to return anything.The kitchen we just put in was CONSUMPTION, by the time we sell, it will be a 20 year old kitchen, we will get none of it back.