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Rent-to-own project proposal - New Market project

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Thomas Wong
Thomas Wong

Rent-to-own investment opportunity. Another Crazy Thomas project in New Market. We provide our investor 20% ROI per year. Good stable rent-to-own client in place.

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Joint Venture Opportunity Semi-Detached House in New Market 3 Bedroom, 3 Bathrooms 37 Widdifield Ave., New Market, Ontario Thomas Wong www.happinessinspiration.com 416-806-9568 [email_address]
The Project The property is a Semi-Detached house in a convenient location in New Market, close to Yonge St. The house is originally listed for $300,000. The house needs some minor improvements. The market value is around $315,000 to $325,000. We got the offer accepted to buy the property for $288,000. The current closing date is set for September 1, 2010. We have a confirmed rent-to-own tenant, signed a Lease Option agreement. The tenant is paying the initial $5,000 toward the purchase deposit and will pay another $7,000 deposit. Using Lease Option program as the exit strategy, potential profit in 3 year will be around $58K
The Opportunity Project Finder/ Real Estate experts invest 5% of cash investment ($3,195) Over 50 hours of time and expertise Cash partners invest: 95% of the cash investment ($60,700) RRSP 2 nd mortgage of $14,000 Split profit 35-65 ($20K - $38K)
Pictures of the property
Key Features of the Property House was built in 1994, 3 bedroom, 3 bath (ensuite in Master bedroom Finished Basement with recreation room Main Floor parquet flooring and ceramic tile Main floor laundry gas Fireplaces Close To Yonge St. & Savage
Profile of the tenant Husband and wife with 3 children (13, 16, and 18) The husband is working for Rogers, and the wife is working for a childcare company plus a partime job. The combined reported income is about $75K per year. They had credit issue due to his job related injury several year ago. He is now retrained for a different position at Rogers. They do not have a valid credit score at the moment. They are in process of reestablishing credit
Financial Assumptions
Benefit to Lessee
Joint Venture Profit -1
Joint Venture Profit - 2
Joint Venture Return Analysis
Cash Flow Analysis
Map of the Area
Questions & Answers
Sample Pictures of Projects
We turn real estate opportunities into Happiness Inspirations

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Rent-to-own project proposal - New Market project

  • 1. Joint Venture Opportunity Semi-Detached House in New Market 3 Bedroom, 3 Bathrooms 37 Widdifield Ave., New Market, Ontario Thomas Wong www.happinessinspiration.com 416-806-9568 [email_address]
  • 2. The Project The property is a Semi-Detached house in a convenient location in New Market, close to Yonge St. The house is originally listed for $300,000. The house needs some minor improvements. The market value is around $315,000 to $325,000. We got the offer accepted to buy the property for $288,000. The current closing date is set for September 1, 2010. We have a confirmed rent-to-own tenant, signed a Lease Option agreement. The tenant is paying the initial $5,000 toward the purchase deposit and will pay another $7,000 deposit. Using Lease Option program as the exit strategy, potential profit in 3 year will be around $58K
  • 3. The Opportunity Project Finder/ Real Estate experts invest 5% of cash investment ($3,195) Over 50 hours of time and expertise Cash partners invest: 95% of the cash investment ($60,700) RRSP 2 nd mortgage of $14,000 Split profit 35-65 ($20K - $38K)
  • 4. Pictures of the property
  • 5. Key Features of the Property House was built in 1994, 3 bedroom, 3 bath (ensuite in Master bedroom Finished Basement with recreation room Main Floor parquet flooring and ceramic tile Main floor laundry gas Fireplaces Close To Yonge St. & Savage
  • 6. Profile of the tenant Husband and wife with 3 children (13, 16, and 18) The husband is working for Rogers, and the wife is working for a childcare company plus a partime job. The combined reported income is about $75K per year. They had credit issue due to his job related injury several year ago. He is now retrained for a different position at Rogers. They do not have a valid credit score at the moment. They are in process of reestablishing credit
  • 13. Map of the Area
  • 15. Sample Pictures of Projects
  • 16. We turn real estate opportunities into Happiness Inspirations