pk
Level 15
Level 15

Investors & landlords

@NCperson , agreeing with your request for additional information from the user, I was  just wondering  ( and really depending on the agreement ) whether the promisory note was for a specific condo/aprtmentr ( as in preconstruction deposits in India amongst quite a few other countries ) or just  " a" condo/aprtmnt" -- because the latter could be looked upon as a loan to the  builder --- very uncommon I would think -- and therefore  could be either an investment ( shares ) or interest earnings . I do not believe so.  There is also the requirement of IVA collected at each transaction ( kind of value added tax in MX ).  So we need a lot more details .

Happy July 4th and the recovery thereafter

 

pk