The question is whether it actually crosses into fraud or just walks the gray line.

While the OP has been banned from the site for severely crossing the line, I think it is important that he understand that real estate isn't a game.

that's why new construction here is so darn hot.. we are still shy 20k houses from what normal demand is .. and inmigration is still happening.. so you have builders like us selling everything before its done and like from 2017 to 2018 my exact same house I built and sold last year for 350k a door is selling for 430k a door and build cost only went up about 10k a door.. so for this year fingers crossed it going to be stellar to be a builder who has inventory.. and I bought the land 3 years ago at those prices. it all cycles.. but this cycle when it get to the end of this year and cash in..

I understand the need to protect yourself, but at some point I think the thought would cross the sellers mind "I'm getting in over my head with all these clauses!

I will post pics next month or in febuary to show how they turned out (fingers crossed).

Actually, it's sounding better, if you find your GC and then go with them to the lender and have a contract for the GC to do the work, then we can cross that issue off the list of concerns.If you do have good credit, money down and a contractor, that changes alot from where you began above.

Maybe we'll cross paths in the near future!

Lawyers tend not to go after assets that have no significant equity.I do agree that if there is a plan to sell this property then having it in its own entity can be beneficial, but if your plan is to cross collateralize the equity of your portfolio this could limit that ability.

Always have to give the disclaimer..I'm not a tax accountant, or cross border specialist and really you should regardless sit down with one and go over your particular scenario.I can only speak from my experience as a Canadian buying in the United States.

I didn't install and kept my fingers crossed (and both houses went on the market in the Summer).