Milind,Yes, your solution will work and is the right way to do the repair, just make sure you seal all the threads real good and test the joints with spray to make sure no gas is leaking out of them. you may want to test as many of the old joints that you can as well, just to make sure no gas is leaking out of them.

--Do we need to set up a joint account?

Does anyone have suggestions on the best way to rent a shared vacation rental home if one owner wants to use/stay in the property more than the other owner? 

I figured it would be safe to just Joint Venture, instead of the complete wholesale process myself.

Maybe we can do a joint deal one of these days.

I understand the strategy and I like the idea of avoiding the costs associated with a double closing but it makes me nervous because my lender is saying he needs to be on my loan as a joint venture.

I do see instances where joint ventures may be up to 50/50 profit split but this is always discussed as expensive and out of the norm terms that you want to get away from as quickly as possible. 

On a concrete slab the tile would have either failed from tenting, lack of control joints, lack of thinset bond to slab or slab crack movement.

That's interesting Steve, what is not clear is the signature authority on any sub account or joint account, I suspect you have the ability to make withdrawls alone, if it requires both, the money could be hard to get to.While it's interesting, I wouldn't go there.

Hi everyone,A business partner and I are on the brink of making our first joint venture deal but are faced with two different scenarios.