I concur with Tysonboss1.  What is your strategy for this property?You make your profit when you buy, not when you sell.  Begin with the end in mind.  Who will buy this property from you when you are done with it (exit strategy).  Answering this should point you toward which type to buy.Carefull investing with family.  Make sure you have a [Read more]

My Thoughts: To sue for damages you will need to prove how this agent's actions lead directly to you losing money and how much.My experience: Going through the legal system will use up a lot of energy (likely more than it is worth).  You have to decide if the emotional cost is worth it.  Or, would you be better off using it as a learning e…[Read more]

Here is what you could consider in Canada. 1) Set up a re-advanceable mortgage on your primary residence – a secured line of credit on your home which increases with 1 dollar with every 1 dollar you pay down on your mortgage. 2) Take all of the revenue from the two rental properties and apply 100% to your home mortgage.  (since you are already pay…[Read more]