All Forum Posts by: Claude Boiron

@Anthony Panepinto, be careful, as each province has different laws and customs when it comes to transacting Real Estate. Make sure you're using forms made for use in Ontario. Google my name (I only say this so that we can cut through the crap, and you can know immediately that I'm a pro - not a typical wholesaler who has only been at it for a few years), then let me know if you have any questions.

Hi @Cameron Chambers! If you ever want to chat GTA Real Estate, look me up. I invest there in a big way.

Hi Paul, I'm about to get on my weekly team meeting Zoom call, so I can't answer all of your above questions, but happy to connect by email on some of your points.

Hi @Justin Veldman which area do you live in?

Originally posted by @Will Barnard:

Originally posted by @Claude Boiron:

Originally posted by @Will Barnard:

Anything is possible but wholesaling is not easy and it is often done illegally. Wholesaling in the US from Canada will prove to be even more difficult as you need to know the market, know the numbers, have the buyers, and know how to perform the transaction legally and ethically. That often requires a real estate license in many states.

In Canada it is quite the opposite - having a Real Estate license is a detriment due to the massive onus on the Realtor for disclosure, not only that he/she is a Realtor, but of all the knowledge that salesperson has of the subject property's value.

We have heard this message many times before, so much disclosure if you are a licensed afpgent and I say, hogwash. It takes literally an extra few sentences in a contract or addendum to disclose that you are an agent, it does not hinder you one bit doing a deal. If it does, it is not because you hold a license, it is because of you. That said, I don’t know Canadian laws or disclosure rules so maybe somehow, someway it holds some truth but I seriously doubt it.

Sorry @Will Barnard, but I disagree. I care about my license, so I'm going to be careful. I think things are different in Canada vs USA. BTW, I'm not a newbie screaming caution - Google me or connect on LinkedIn and you'll see that I'm coming from a place of top professionalism and expertise.

Originally posted by @Will Barnard:

Anything is possible but wholesaling is not easy and it is often done illegally. Wholesaling in the US from Canada will prove to be even more difficult as you need to know the market, know the numbers, have the buyers, and know how to perform the transaction legally and ethically. That often requires a real estate license in many states.

In Canada it is quite the opposite - having a Real Estate license is a detriment due to the massive onus on the Realtor for disclosure, not only that he/she is a Realtor, but of all the knowledge that salesperson has of the subject property's value.

@Jake Yune I buy every property in a new corporation. For many reasons, but primary among them:

- Insulating liability; and

- Less likelihood of "capping out" with lenders on how many properties I can buy.

Hi @Gareth Kindree, please note that Canadian (and Ontarian) taxes and ownership structures are very different than those in the States. I only buy properties in corporations, but that's what works for me. It really is very investor-specific, and depends on what your income, other assets, liabilities, family, etc. look like. Happy to give you a couple of names in Toronto if you're interested.

Hi Abel, there are a few websites where the public can get sold prices, but Realtors have the best access to all of the property and sales data in Canada. My suggestion is to make a mutually beneficial connection with a local Realtor. You can go to any city hall in the GTA to get property owners' information. At the city hall, go to the "Assessment Rolls" Department, sit at a computer terminal, type in the address of the property in question, and you'll be given the mailing address which the property taxes are sent to, which is normally the mailing address for the subject property owner. Feel free to message/email me with any other questions.

@Nigel Wong yes, of course, once we've chatted to make sure that our expectations align. Please also do your research to make sure you've explored all your options and looked up any "professionals" who are offering to help, online.