Hey guys, I am new to this site. Looks like a bunch of smart guys here. I have read my fair share of books and have been saving to invest into real estate.

I figure now (or within the year) is the perfect time to invest.

I live in ontario canada, in a city called Burlington. It was starting to boom before the economy started going down in the USA which then transfered over to Canada.

Houses in this area have lost 40-50 grand. Which at one point were on the rise (40-50) grand.

Then on the other side of it, the USA (florida in particular) has the same sort of deal and even worse.

Basically the benefit for me is to invest locally because I know for a fact I can rent it out during the year and have someone else pay off the mortgage, and overtime the equity will build up once the economy and development starts to flourish.

If I was to invest into a Florida (miami) condo, I doubt I would have as much luck having it occupied and it would be coming out of my cash flow, but I think 5 years from now the payoff would probably be higher.


I have a limit of 250,000 for a mortgage with 20,000$ cash. I realize its not THAT much, but in the USA it goes a long way.

I live rent free, and have just been saving.

If you guys were in my situation, what is some advice you can give me based on your expertise.

Do I.... invest locally, manage a property and have the mortgage paid off by someone else while the property appreciates..

Or, take a bit of a risk, paying monthly for a condo (mortgage) and wait for the appreciation to sky rocket down the road.

I just want to hear some opinions on this, I usually make calls on my own but I wouldn't mind hearing other peoples suggestions/comments.

I don't get it????

Are you moving to the U.S for a principal residence because you rent now or are you buying a property as an investment only to rent out to someone else??

Georgia is an awesome market for appreciation and getting a deal.What your exit strategy will be will depend on your goals.From your post it seems you are all over the place contemplating options.

Even if you bought in Florida the costs of living is much higher than Georgia so you have to factor that in.Parts of Georgia are in the top 10 in growth in the nation according to the U.S.Census Bereau.