All Forum Posts by: Aaron Moore

It sure is possible to do wholesaling in Canada. I've been wholesaling in the Toronto area since 2008. You need to do lots of advertising and treat it like a business. Once you do some wholesaling then you'll probably want to add some other strategies to your arsenal... fix and flip, long term rentals, etc.

 Thank you Hattie. I'll look into Brian.

I have a successful house buying company, but I want to take it to the next level. I do mostly fix & flips, also hold rental properties (single family and 2-units) and do a bit of wholesaling. I do marketing to get private deals from motivated sellers. I've been doing this over 10 years, but I'd love to learn from anyone who has built a bigger business and has leveraged their time.

My general goals:

-Do more deals with less of my time. Hiring people, procedures, systems, etc.

-I can always improve my performance in various areas: marketing, sales, etc.

-Increase my marketing and leads/deals. And be able to handle the increase.

-Business coaching to expand my business.

-My typical ARV is $500-$700k. I assume someone in a similar type of market would be more relevant to me. ie. If typical ARV is around $100-200k, then the investment strategies may be very different.

Can anyone recommend an experienced coach who has a successful business themselves?

The most common result is that the highest offer wins the bid. But not always.

How big was your deposit?

Did you give a firm offer or did you have any conditions?

Do you know how much the winning buyer paid?

Yes, you may be able to pay a bit less than someone else if you go through the listing agent. But it probably won't be a big difference on a $120,000 house.

Do you know the best closing date for the seller? Did you give it to them? (I assume they want it closed fast if its a foreclosure.)

A couple things I do:

-I often go to multiple offer presentations with a bank draft for the deposit of at least 20% of the purchase price.

-Firm offers (no home inspection condition) also have the upper hand. I sometimes pay for an inspector before the offer date. And sometimes (not too often) I'm comfortable to go firm based on my own inspection. Often sellers will choose a slightly lower price that is firm, rather than a higher price that is conditional.

The BRRRR strategy is great to stretch your money further. Can you find the deals that will enable you to pull out a big chunk of money after renos? The challenge is usually finding the deals.

Also get clarity from a bank on how much they'll lend to you on rentals. I'm not clear if you're debating to buy a rental with all your own cash or getting a mortgage from a bank... but YES try to get a low rate from a bank and use the bank's money.

For many people it's a good idea to start with ONE property. There's a learning curve. But the sooner your start the the more experienced you'll be. Don't wait for the perfect deal. Buy a good one and get started.

I hired someone on upwork.com to edit my site... add logo, change form fields, change colour scheme, and a list of other items. I hired someone to do the specific list of changes... not ongoing. But I'll hire the same developer again if I want further changes.