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Updated over 4 years ago on . Most recent reply

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14
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10
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Ryan Kucey
  • Halifax, Nova Scotia
10
Votes |
14
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How to find off market deals in Atlantic Canada?

Ryan Kucey
  • Halifax, Nova Scotia
Posted

Wondering if anyone has advice on how to find off market duplex/triplexes in Atlantic Canada? Specifically Halifax, but other markets in the area would be similar.

Many of the ways that this can be done in the States is by using software like DealMachine, but I don't know of any software or websites like this that help in the Canadian market.

COVID also makes it more challenging right now because there aren't any in-person networking events and door to door is discouraged and frowned upon.

Been watching the MLS for the past several months, looked at about a dozen properties, made offers on three. No bites yet. Tough market for buyers here. Any advice is welcome!

Most Popular Reply

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41
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33
Votes
Yuan He
  • Rental Property Investor
  • Halifax, NS
33
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41
Posts
Yuan He
  • Rental Property Investor
  • Halifax, NS
Replied

Hey Ryan, I feel you, the market is white hot and people are out there offering insane prices to buy.

Disclaimer: I haven't closed on any of the private deals yet, but did get some contacts of owners. Just to throw my two cents out here. I basically tried two ways:

1. I went on facebook market and kijiji looking for those rental ad that are listed by actual people not affiliated programs. Then start the conversation about acquisition there.

2. You already mentioned, door knocking is frowned upon, but no one says anything about driving around and talking to tenants in a distance. I did this, approached some tenants asking their landlords' contact, stating that it is purely for business inquiries not personal harassment. Got some luck there.

Once you close on your first and start finding applicants for your unit, you can then further expand that by calling their references who usually are also owners. 

Best luck !

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