He told me that we can't do that and that it is a partnership.In looking at the IRS definitions it states:PartnershipA partnership is the relationship between two or more persons who join to carry on a trade or business, with each person contributing money, property, labor, or skill and each expecting to share in the profits and losses of the business whether or not a formal partnership agreement is made.The term "partnership" includes a limited partnership, syndicate, group, pool, joint venture, or other unincorporated organization, through or by which any business, financial operation, or venture is carried on, that is not, within the meaning of the regulations under section 7701, a corporation, trust, estate, or sole proprietorship.A joint undertaking merely to share expenses is not a partnership.

The U.S. subsidiaries of three of the Big-5 Canadian banks (TD, RBC, BMO) will lend to Canadians based upon your credit history and financial resources here at home (with some limitations/restrictions).  

Is there some sort of limition on this method?

.*** Marketing analysts can figure out the trend of the economy performance and predicate the impact on the price of almost every and any thing that are offer to be sold or bought on today market included and not limited to REAL ESTATE PROPERTIES PRICES.Buyers:Inform your buyers what a higher interest rate means: Mr.

I own a solar company and hold a master electrical license, and the sky is the limit as they say, but for your situation solar makes ZERO sense.

It further limits color selection!

I would set up the numbers in excel and stress test my assumptions (i.e. run scenarios with cost being 10% to 50%+ more) and see if I can take the loss.

If they're current and have income then it's frivolous and the 1st mortgage owner doesn't necessarily have an incentive to take a loss on it.

Then you flip it to a regional to national builder with plat plans already approved by the city or county.If you are selling off lots it can be tricky as local builders usually will only buy 1 to 2 at a time to see if that goes well to limit risk and have options on more lots.

His social security and retirement funds are also off limits under Federal law.