Wholesaling in Toronto/Ontario

[Anthony Panepinto]

How is the wholesaling game in Toronto / Ontario, do assignment of contracts and double closes work? Are there any title companies that do "dry" double closes here? "Dry" meaning: using the money from the second close to fund the first. For example, I get a property for $400,000 under contract and then I re-sell the property to another real estate investor for $450,000, are their title companies here in Toronto, Ontario that would be willing to use the $450,000 from the second close to fund $400,000 for the first close?

Also any general insights on the over-all wholesaling process here in Toronto or Ontario would be greatly appreciated because I'm quasi new to this market.

Thanks!

[Huong Luu]

@Anthony Panepinto You might want to learn more about wholesale, as you would not be taking 'title' as a wholesaler. If you do, you would be trigger double land transfer tax for yourself and then again for the buyer. You want to get the deal under contract with no d/p and then 'sell the contract' to a buyer. You are not selling a house. Good luck