Investor · calgary, alberta · Member since 2015 · 129 posts · 51 votes
Hi I contacted four of the local " we buy houses " type companies in the Calgary area all by email over the past few weeks. These are all businesses with websites and they advertise regularly. Not one response. Very peculiar. This leads me to think perhaps wholesaling doesn't work in this market because it is currently overpriced for the style of property I buy or motivated sellers aren't responsive to their advertising. So, my challenge (if you wholesalers actually are for real) is to find me land.
I am looking for inner city sw property zoned for multifamily. R2 isn't really my focus and there is lots of it out there. I don't want or need realtors. I want at least mcg or mc1. I want a great location and a good size plot. There is my list of wants. Go find it.
Investor · calgary, alberta · Member since 2015 · 129 posts · 51 votes
10y
I am looking for land to purchase from wholesalers that are able to contract suitable land via their own marketing efforts. If someone has contracted a property I can use, I would make an offer on it. Most of the stuff I buy is tear down status property, either condemned or soon to be. I don't believe it a big stretch to think that the local wholesalers out there who are constantly looking for motivated sellers that don't want to use realtors to sell will be able to acquire this property, and pass it on to me for a reasonable fee. I would say that given my experience hunting for property, there are not that many motivated sellers, but those that are in a motivated position likely have property that isn't turn key, can't be easily rented, and sells based on land value. These sellers will not get a lot of retail interest in a recession.
If investors out there want to look on my behalf for property that I can make a multi family project out of that expands my network. It can't be easy to be a wholesaler right now, so I am actually a cash buyer. My challenge hasn't been building property and selling it, my problem often is finding something worth building on . The city has created a situation of land scarcity, and I operate within the confines of that. Recently I have made or am in the process of making a couple offers, so crossing my fingers on getting a decent multi family site, one in SW and one NW.