Rent-to-own Project Proposal Presentation   131 Karalee Cres
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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.

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 Rent-to-own Project Proposal Presentation 131 Karalee Cres Presentation Transcript

  • Joint Venture Opportunity Detached House in Cambridge 3+1 Bedroom, 3 Bathroms 131 Karalee Cres., Cambridge, Ontario Thomas Wong www.happinessinspiration.com 416-806-9568 [email_address]
  • The Project
    • The property is a newer Detached house in a convenient location in Cambridge, close to the HWY401.
    • The house is originally listed for $284,900. The house is in good conditions.
    • We are planning to add a bathroom in the basement. The market value after the addition will be around $295,000.
    • We got the offer accepted to buy the property for $280,000. The current closing date is set for March 19, 2010.
    • 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.
    • Using Lease Option program as the exit strategy, potential profit in 3 year will be around $54K
  • The Opportunity
    • Project Finder/ Real Estate experts invest
      • 5% of cash investment ($3,109)
      • Over 50 hours of time and expertise
    • Cash partners invest:
      • 95% of the cash investment ($59,066)
    • RRSP 2 nd mortgage of $12,000
    • Split profit 32-68 ($17K - $37K)
  • Pictures of the property
  • Key Features of the Property
    • 3+1 bedrooms, 3 bathrooms detached house
    • Ensuite in master bedroom
    • Convenient location in Cambridge very close to HWY401
    • Single attached garage
    • Finished basement with recreation room and bedroom
    • Nice deck and landscaped backyard
  • Planned upgrade to the property
    • Add a bathroom in the basement (rough-in already in place)
    • Touch-up various drywall taping.
  • Profile of the tenant
    • A single sales professional
    • He went through divorce several years ago (no child support obligation). His two teenage sons may visit him from time to time.
    • His only current liability is a car loan
    • He is current selling for Dixon Commercial Investigators (a collection company established since 1956) http://www.dixoncommercial.com/
    • His projected annual income is about $75K
    • His credit score is in the low 600, in process of reestablishing credit
    • He is putting together plans to save up extra down payment outside our rent-to-own program as well.
  • 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