Canadian from Toronto doing Virtual Wholesaling in FL

[Vuk Dulanovic]

Hey all,

Just wondering if there are any other Canadians out there that are doing US real estate wholesaling virtually from Canada. 

This is what I am actively working on doing. I am generating leads in various ways (direct marketing, talking with realtors and looking for pocket listings, word of mouth etc.) and then working on getting the house under contract for the right price. I have built up a fairly solid buyers list, just need to find the right deal.

I've had a few properties under contract so far, but bought them for too much, and couldnt find a buyer for them. Only loss so far was an inspection fee on one house. I make sure to use the 15 day inspection period to find a buyer, and if not, I back out based on condition of home. 

I'm hoping there are others that are successful in doing this and if you could share your success story, and give myself as well as others some much needed inspiration. Its a tough business to do virtually! 

[Hai Loc]

I just wanted to find a way to find deals for myself not wholesale to another investor for a profit/fee. 

I would rather pay an assignment fee or finders fee to a wholesaler and leverage my time elsewhere.. especially a wholesaler who knows what he is doing in terms of evaluating ARV. I see so many inflated ARV's from wholesalers who want to make a quick coin. Those people can make you lose your shirt quick time.

Now I am diversifying with partnerships and looking for relationship with investors with good source of deals..