Questions About Wholesaling in Ontario, Canada

[Karan Singh]

Hello everyone,

I recently joined this forum and after reading a couple of posts I think this is the right place to ask my questions. I am wanting to get started in wholesaling and dip my feet into real estate to make some extra cash on the side. However, I have no idea where to start, so if someone could help answer my questions below, it would be greatly appreciated.

- How do I obtain a contract template that would be within legal terms in Ontario, Canada?

- How does the actual process of selling the house to an investor work? How do I take the difference (profit)?

- What happens if I am unable to find a buyer within the agreed amount of time?

- Are there any taxes or anything I as the wholesaler would have to pay?

So far, what I do know is that you find a property, have the seller agree and sign the contract, then you find an investor and sell the property to them. However, the above questions are what I need to be 100% clear on this.

Thanks in advance!