Rent-to-own Project Proposal - 18 Sharon, Brampton


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Rent-to-own project proposal from Thomas Wong, Crazy Thomas. Another great project for >20% ROI per year. Contact Thomas at 416-806-9568 for further information.

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Rent-to-own Project Proposal - 18 Sharon, Brampton

  1. 1. Joint Venture Opportunity Semi-detached House in Brampton 4 Bedroom, 2 Bath 18 Sharon Court, Brampton, Ontario Thomas Wong 416-806-9568 [email_address]
  2. 2. The Project <ul><li>The property is a semi-detached house in a convenient location in Southern part of Brampton. </li></ul><ul><li>The house is originally listed for $249K. The décor is a bit dated and needs upgrade. </li></ul><ul><li>We got the offer accepted to buy the property for $225K. The current closing house is set for October 12, 2009. </li></ul><ul><li>We are planning to spend about $10,000 to improve the property. The after repair is between $255K-$260K </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. The tenant is planning to move into the property by November 1, 2009. </li></ul><ul><li>Using Lease Option program as the exit strategy, potential profit in 4 year will be around $72K </li></ul>
  3. 3. The Opportunity <ul><li>Project Finder/ Real Estate experts invest </li></ul><ul><ul><li>5% of cash investment ($3,224) </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 ($61,251) </li></ul></ul><ul><li>Split profit 33-68 ($23K - $49K) </li></ul>
  4. 4. Key Features of the Property <ul><li>4 bedrooms, 2 full baths semi-detached house with large pie shaped lot </li></ul><ul><li>Convenient location in Southern Brampton </li></ul><ul><li>Attached storage shack </li></ul><ul><li>Separate entrance to basement </li></ul><ul><li>2 Kitchens </li></ul><ul><li>Newer roof (2007) </li></ul><ul><li>Long driveway for 3-4 car parking </li></ul>
  5. 5. Renovation plan for the Property <ul><li>Upgrade the main floor kitchen </li></ul><ul><li>Upgrade the flooring on the main floor (ceramic and laminate flooring) </li></ul><ul><li>Painting at required area </li></ul><ul><li>Upgrade the fuse panel to circuit breaker panel. </li></ul>
  6. 6. Profile of the tenant <ul><li>A family of 2 (mother and young adult son) </li></ul><ul><li>The lady works for Rogers for over 10 years and the son works for TD Bank. </li></ul><ul><li>Their combined income is about $55,000 </li></ul><ul><li>The mother credit score is about 650. </li></ul><ul><li>They only need to save a bit more down payment to get a good mortgage. </li></ul><ul><li>They already signed a lease with option to purchase agreement and got $4000 from them to confirm their participation in the rent-to-own program. The total initial deposit from the tenant will be $7,000. </li></ul>
  7. 7. Financial Assumptions
  8. 8. Benefit to Lessee
  9. 9. Joint Venture Profit -1
  10. 10. Joint Venture Profit - 2
  11. 11. Joint Venture Return Analysis
  12. 12. Map of the Area
  13. 13. Questions & Answers
  14. 14. Sample Pictures of Projects
  15. 15. We turn real estate opportunities into Happiness Inspirations