Access to additional funds in Canada

[Stevo Sun]

Hi folks,

I'm in Calgary, AB here, already got 3 mortgages with the big 5 banks. I don't have much more room left for accessing conventional financing. Looking to see what additional ways I can access capital. I know the rules in Canada are quite different than the US so if anyone has some tips, please let me know! Thanks!

[Anthony Therrien-Bernard]

Quote from @Stevo Sun:

Quote from @Doug Pretorius:

Quote from @Stevo Sun:

Although there may occasionally be deals to be had buying from retiring fellow investors my experience has echoed yours. Active investors aren't motivated sellers. If you want to buy from landlords you need to find the accidental ones, the ones who don't want to be landlords at all but got stuck with a house they couldn't sell and had to rent.

All deals begin and end with finding motivated sellers. FSBOs and expireds are my top sources. I exclusively purchase move-in ready houses that I can resell on terms and make a spread on both the price and the cash flow.

Is there a place where you can find FSBOs? I'm in Calgary, so might be different locally but I'm not aware of good sources for FSBO. Am I just missing something.

There is not a lot of FSBO in Calgary, very small %, some of them are listed on MLS as "mere postings", some on Kijiji, Facebook, Purple brick, some are on FSBI websites but again there isn't many. I know some people find ways to make it work but in my experience the only sellers willing to do seller financing are extremely desperate and on properties I wouldn't want to buy anyway, it is however much more common in the business acquisition world.