All Forum Posts by: Chris Hamilton

@Chris Hamilton you could try reaching out to landlords who have their rentals listed on Craigslist, Facebook Market, and For Sale By Owner and see if they’re interested in selling. If so discuss terms for a loan that would benefit both of you but make sure to do your due diligence

@Chris Hamilton Before you find the leads, I would suggest you read up on the pro and con of VTB. And narrow down your search to investor own or non-investor owned homes as this will affect your presentation to them. Many investors will be willing to work with you on VTB. However if you find a non-investor owned property, be prepared to explain the pro and con of VTB to the seller and sometimes their agent.

In addition to the MLS, you can search Facebook, Kijiji and Craigslist. Also if you join the local networking groups, there will be deal sharing in those groups.

Good luck. 

Our local MLS offers "seller financing" as one of the options for financing. So if that's an option for you locally, have your broker set up a search to send you all properties where seller is interested in seller carried financing. If that isn't an option, then yes you'll have to start knocking on doors, sending mailers and talking to/networking with wholesalers.

Hey, @Chris Hamilton, you'll be able to increase your odds of finding them by putting together your own marketing campaign to do so.  It'd start with getting the data or a list somehow, then from there choosing a marketing channel (direct mail, SMS, cold call, Facebook, etc).  Then you or your company needs to get to work.  I'd venture to say that the same marketing that wholesalers and fix &  flippers are doing is the same that'll lead to sellers who'd be interested in financing their property.  Then from there it's up to you to ASK and NEGOTIATE - over and over and over again.

If you're not up for doing your marketing campaign - which is totally understandable - especially in this market - then you may consider word of mouth.  You're gonna have to turn over a lot of stones either way, though.  You're gonna have to network your behind off and talk to a lot of people.  Agents, wholesalers, and other investors will need to know what you're looking for - and then you'll need to ask or somehow incentivize them into sending you the leads that they can't or won't capitalize on.

Even though you're in Canada, the principles are the same...  It's still a relationship business and a lot of investors have had to rely on them more lately.  You can use that to your advantage.  :)

 Hey Chris, I’m in Brockville, about an hour from Ottawa (and lived in Ottawa for several years!)

To be frank, I don't think your question is getting any traction because it's overly vague and feels kinda like « just tell me the answer and give me your leads » Based on the wording and content, it seems like you haven't put enough effort into learning the game of REI yet….I know I could be totally off base!

First off, yes of course you’ll need to work with a realtor. Every podcast and book I’ve read stresses the importance of finding an investor friendly realtor. I don’t exactly know how to do that. Ive been working with the same realtor for years and I really like his style, I wouldn’t say he’s investor friendly, but it works. 

As for finding deals with a VTB mortgage, some people find them on MLS, some through word of mouth or cold calls….so many podcasts out there that go into detail on this.

I asked a few questions recently in this discussion category that you may find relevant, and people provided a lot of good input. I’d recommend checking them out. Someone also recently asked about Canadian specific content and podcasts, there was good stuff in that thread too!