What are the advantages and dis-advantages of using a CPA who is not in CA?

She facilitated the transaction but I saw no clear advantage or disadvantage from my experience.

The heirs need to be satisfied that you were not favored to their disadvantage.

Are there any advantages or disadvantages to working with them on the purchase instead of using my agent?

Reduced costs of plumbing and floor damages from radiator valve leaksMain disadvantage:1.

But also as drawback, I am told that being a part time agent is a bad idea as I would not build much social capital with the guys who are in it full time but also be at a disadvantage competing against agents who can be available 24/7 to their clients.

But it's always nice to a sense of what others are doing "in general" and the advantages (and disadvantages) to various scenarios.Everyone, thanks for your feedback.

One thing to keep in mind that the HELOC offers both advantages and disadvantages; only you can decide how much risk you are willing to take and how and where.The HELOC interest rate can be variable; it could go up (disadvantage) or it could go down (advantage but unlikely with rates now being so low).You pay interest only with some HELOCs, improving cash flow (an advantage); some people are uncomfortable with no principal being paid down (disadvantage to these people).You can draw on that HELOC during the draw period, a plus if you need more capital for a new purchase it for renovations.

There are two disadvantages to CMHC financing, however: (1) the CMHC insurance fee which could be 2-2.5% of the loan amount; (2) CMHC has their own set of underwriting requirements which usually results in a lower loan-to-value than for conventional financing.

It also puts you at a disadvantage when it comes to growing your business because you are not able to network as much as the full time agents. it's not impossible its just takes alot of work. i started my post licensing classes just last night so i can get that out of the way. i too want to leave my job and do this full time, i'm just not in a position to do so financially just yet.