All Forum Posts by: Ian Ramos

@Ian Ramos - here are my 2 cents:

@Ian Ramos Darn, I was hoping you'd start feeding me 200k properties for 30k :(

Ontario is a big place. Real estate is a big domain.

What do you want to DO? Like, day-to-day, what's your ideal schedule look like? You started with wholesaling, which sounds to me like fishing out deals and selling to investors, so if you like the idea of fishing out deals then perhaps you can flip, and if you like the idea of selling perhaps you can become an REA? Do you like the idea of buying a house or two each year (a crazy deal, of course!) and BRRR'ing out of it and landlording? Do you want to deal with tenants?

Okay, that was like a half-dozen questions already... I think the first one was is the most important - what do you want to DO?

Where in Toronto are you? Your options might depend on your location, and they might depend on whether you'd like to travel or manage remotely, as well. There are a million opportunities within a 1-hour drive of your house right now.

Welcome Ian Ramos ! You will find that this site is awesome and will give you a lot of great information and tools. Keep in mind things are different in Canada and Wholeselling is more difficult to get off the ground here and there are a lot less than in the US. I am a buy an hold investor but would love to find a great WS to work with.
Good luck!

Welcome to BP @Ian Ramos.  There are quite a few posts in the forum about wholesaling in Canada.  From what I gather the Canadian system is not as accommodating as the United States in terms of wholesaling. In fact I believe I've read only a couple of individuals who indicate they have been successful at it. Most seem to agree that government and banking systems make it more difficult to go this route.  However, perhaps as you look through the forums you will find those who have gained succes with it and create a clearer path to your goal.  Good luck.

@Roy N. You are a fantastic source of information and knowledge on especially the Canadian system, thank you for all of your contributions.

@Ian Ramos

All jurisdictions in Canada close real estate transactions using lawyers or notaries.  Some states in the U.S.A. do the same (they do not all use title companies).