Jack,since you run Gelt and do private lending, think of being in first position on a loan with a private lender and that lender just randomly assigns the loan to someone else without advising you.

I know there are others from Calgary and Edmonton on BP.Hello Theresa Thanks for the welcome and the advise.

Quote from @Sandra Feurtado: Is it advisable to visit a potential investment area or is it ok to buy without visiting the area?

When looking for areas to invest in I basically advise that you find deals that are available, vet the locations, and then underwrite the deals if you would invest in the locations.

Hire the very best people you can to advise you based on your exact situation and circumstances and then let them help you implement a solid tax strategy that makes sense for you.Regardless of your position and role, this is without a doubt one of the highest leverage activities that you can do.Remember, it's not just about what you make, it's about what you keep in the end that matters most.

She’s been advised to move her $35k 401k into real estate investing, and she wants to move closer to me.Potential Investment PropertyI’ve been actively seeking investment properties and have built a relationship with an experienced broker.

I've been advised by a local investor to look off market and utilize seller financing as I don't have much capital to work with nor the 2 years of employment records needed for a bank loan.

Also, improves your position in pricing should rent prices turn bearish unexpectedly during your vacancy time so you can be flexible in pricing in negative economic environments.Con's are more on the side of the whole concept of using the long term locked-in period with the bank essentially utilize inflation to 'short the dollar', as well as the more rapid diminishment of the mortgage interest paid tax advantage.All in all it is safer in a lot of respects to get to that property free and clear, but the major downside is missing out on the additional value that is derived from the power and monetary benefits that come from having a healthy expose to mortgage and other forms of financial leverage.

An attorney would be better off advising as to what would make the most sense for you in your particular situation.

I know of Dotloop, Appfolio, Yardi...Please advise.