Proposal Presentation 111 Lougheed Road


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The next rent-to-own lease option project in Barrie, project proposal to investors.

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Proposal Presentation 111 Lougheed Road

  1. 1. Joint Venture Opportunity Barrie Detached House 3 Bedroom Detached Bungalow, 111 Lougheed Road Barrie, Ontario Thomas Wong 416-806-9568 [email_address]
  2. 2. The Project <ul><li>The property was originally listed for $219,900. We are planning to buy it for $200,000. The house is less about 8 years old. </li></ul><ul><li>The house is in good conditions. No real renovation is required. We set a renovation budget for $3,000 as contingency funds. </li></ul><ul><li>The house was sold couple months ago to a builder for $235,000. The builder is the current owner. They build a custom built home to the previous owner. They made money from that sales. The house has been vacant for the last two months. Hence, there are still room for negotiation on this sales. </li></ul><ul><li>Based on the comparables, we expected the value to be around $215,000. </li></ul><ul><li>We have a confirmed rent-to-own tenant. </li></ul><ul><li>Using Lease Option program as the exit strategy, potential profit in 3 year will be around $37K </li></ul>
  3. 3. The Opportunity <ul><li>Project Finder/ Real Estate experts invest </li></ul><ul><ul><li>5% of cash investment ($2,111) </li></ul></ul><ul><ul><li>Over 50 hours of time and expertise </li></ul></ul><ul><li>Cash partners invest: </li></ul><ul><ul><li>95% of the cash investment ($40,114) </li></ul></ul><ul><li>RRSP 2 nd mortgage of $10K (12% interest) </li></ul><ul><li>Split profit 35-65 ($13K - $24K) </li></ul>
  4. 4. Key Features of the Property <ul><li>3 bedrooms, 2 baths detached bungalow </li></ul><ul><li>House painted in neutral color </li></ul><ul><li>Laminated floor on the main floor </li></ul><ul><li>Right next to school </li></ul><ul><li>Convenient South Barrie location </li></ul><ul><li>Walkout to fully fenced good size backyard </li></ul><ul><li>House about 8 years old </li></ul><ul><li>Nicely finished basement with full bath </li></ul><ul><li>Attached Single garage </li></ul><ul><li>House inspection to be completed </li></ul>
  5. 5. Current Pictures of Property KITCHEN
  6. 6. Profile of the tenant <ul><li>A family of 4 (husband, wife and two young children) </li></ul><ul><li>The lady works for Home Essential as Sales Manager </li></ul><ul><li>The gentleman owns his clothing retail store in downtown Barrie. </li></ul><ul><li>Their credit scores are in low 500 and hence need a little time to rebuild credit. </li></ul><ul><li>They just sold their house (co-signed with her parents). They have been in that house since 2004. </li></ul><ul><li>They do not want to have her parents to co-sign anymore. Hence, they choose our rent-to-own program. </li></ul>
  7. 7. Current Pictures of Tenant’s Store
  8. 8. Financial Assumptions
  9. 9. Benefit to Lessee
  10. 10. Joint Venture Profit -1
  11. 11. Joint Venture Profit - 2
  12. 12. Joint Venture Return Analysis
  13. 13. Map of the Area
  14. 14. Questions & Answers
  15. 15. Sample Pictures of Projects
  16. 16. We turn real estate opportunities into Happiness Inspirations