Anyone actually wholesaling in Vancouver BC

[Pawan J.]

Hi all, I hear about wholesaling more and more and sounds great, but is anyone actually doing it in Vancouver British Columbia ( BC ) Canada or the Lower Mainland? Interested to learn more about success stories from people wholesaling in this area.

[Pawan J.]

@Ross McKenzie  the main issue here in BC if you actually buy and hen quickly I sell is the property transfer tax and legal costs. 

In BC it is very simple to wholesale. on the purchase agreement where you would write your name, you would instead write "[your name] and or assignee". That's it there is no subject clauses required and many people do this (as I did) with the intention to actually purchase the property in a company name or wife's name etc but need to get an offer on the table asap.

@Ross McKenzie  check out our website and past projects as returns are anything but slim in vancouver. With prices higher it means margins on clips are higher!!