The document outlines a joint venture opportunity involving a detached 3-bedroom house in Bowmanville, initially listed at $225k but under contract for $214k. Plans include investing $5,000 for repairs, with an estimated after-repair value of $230k-$235k and a projected profit of approximately $40k in three years. A lease option tenant has already paid a $5,000 deposit, supporting the investment strategy.

1. Joint Venture OpportunityDetached House in Bowmanville3 Bedrooms , 2 Bath24 Wrenn Blvd, Bowmanville, ONThomas Wong416-806-9568thomaswong@rogers.comKenneth Sam416-895-5337soldin48hours@gmail.com

2. The ProjectThe Property is a detached 3 bdrm house in a very convienent location in Bowmanville.

3. The house was originally listed for 225K. The carpet in the basement needs an upgrade with several rooms requiring a coat of paint.

4. Offer is accepted to buy the property for 214K. The current closing is set for Nov 23rd 2009.

5. We are planning to spend approx $5,000 to improve the property. After repair value is between $230K-$235K

6. Already have a rent-to-own tenant, signed the Lease Option agreement. Tenant has already paid $5,000 towards the purchase deposit.

7. Using the Lease Option program as the exit strategy, potential profit in 3 years will be approx $40KLeaseToOwnToronto.com | 24 Wrenn Blvd

8. The Opportuniy Project Finder / Real Esate Experts Invest

9. 5% of Cash Investment ( $2,358 )

10. Over 50 Hours of Time and Expertise

11. Cash Partners Invest

12. 95% of Cash Investment ($44,807)