Rent-to-own Project Proposal Presentation 131 Karalee Cres


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Another Rent-to-own/Lease Option project by Thomas Wong. We will provide 20% ROI per year to our investor team.

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Rent-to-own Project Proposal Presentation 131 Karalee Cres

  1. 1. Joint Venture Opportunity Detached House in Cambridge 3+1 Bedroom, 3 Bathroms 131 Karalee Cres., Cambridge, Ontario Thomas Wong 416-806-9568 [email_address]
  2. 2. The Project <ul><li>The property is a newer Detached house in a convenient location in Cambridge, close to the HWY401. </li></ul><ul><li>The house is originally listed for $284,900. The house is in good conditions. </li></ul><ul><li>We are planning to add a bathroom in the basement. The market value after the addition will be around $295,000. </li></ul><ul><li>We got the offer accepted to buy the property for $280,000. The current closing date is set for March 19, 2010. </li></ul><ul><li>We have a confirmed rent-to-own tenant, signed a Lease Option agreement. The tenant already paid $4,000 toward the purchase deposit and paid another $8,000 deposit by July 2010. The tenant is planning to move into the property by April 1, 2010. </li></ul><ul><li>Using Lease Option program as the exit strategy, potential profit in 3 year will be around $54K </li></ul>
  3. 3. The Opportunity <ul><li>Project Finder/ Real Estate experts invest </li></ul><ul><ul><li>5% of cash investment ($3,109) </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 ($59,066) </li></ul></ul><ul><li>RRSP 2 nd mortgage of $12,000 </li></ul><ul><li>Split profit 32-68 ($17K - $37K) </li></ul>
  4. 4. Pictures of the property
  5. 5. Key Features of the Property <ul><li>3+1 bedrooms, 3 bathrooms detached house </li></ul><ul><li>Ensuite in master bedroom </li></ul><ul><li>Convenient location in Cambridge very close to HWY401 </li></ul><ul><li>Single attached garage </li></ul><ul><li>Finished basement with recreation room and bedroom </li></ul><ul><li>Nice deck and landscaped backyard </li></ul>
  6. 6. Planned upgrade to the property <ul><li>Add a bathroom in the basement (rough-in already in place) </li></ul><ul><li>Touch-up various drywall taping. </li></ul>
  7. 7. Profile of the tenant <ul><li>A single sales professional </li></ul><ul><li>He went through divorce several years ago (no child support obligation). His two teenage sons may visit him from time to time. </li></ul><ul><li>His only current liability is a car loan </li></ul><ul><li>He is current selling for Dixon Commercial Investigators (a collection company established since 1956) </li></ul><ul><li>His projected annual income is about $75K </li></ul><ul><li>His credit score is in the low 600, in process of reestablishing credit </li></ul><ul><li>He is putting together plans to save up extra down payment outside our rent-to-own program as well. </li></ul>
  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. Cash Flow Analysis
  14. 14. Map of the Area
  15. 15. Questions & Answers
  16. 16. Sample Pictures of Projects
  17. 17. We turn real estate opportunities into Happiness Inspirations