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Rent-to-own project proposal - New Market project


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Rent-to-own investment opportunity. Another Crazy Thomas project in New Market. We provide our investor 20% ROI per year. Good stable rent-to-own client in place.

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Rent-to-own project proposal - New Market project

  1. 1. Joint Venture Opportunity Semi-Detached House in New Market 3 Bedroom, 3 Bathrooms 37 Widdifield Ave., New Market, 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 New Market, close to Yonge St. </li></ul><ul><li>The house is originally listed for $300,000. The house needs some minor improvements. </li></ul><ul><li>The market value is around $315,000 to $325,000. </li></ul><ul><li>We got the offer accepted to buy the property for $288,000. The current closing date is set for September 1, 2010. </li></ul><ul><li>We have a confirmed rent-to-own tenant, signed a Lease Option agreement. The tenant is paying the initial $5,000 toward the purchase deposit and will pay another $7,000 deposit. </li></ul><ul><li>Using Lease Option program as the exit strategy, potential profit in 3 year will be around $58K </li></ul>
  3. 3. The Opportunity <ul><li>Project Finder/ Real Estate experts invest </li></ul><ul><ul><li>5% of cash investment ($3,195) </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 ($60,700) </li></ul></ul><ul><li>RRSP 2 nd mortgage of $14,000 </li></ul><ul><li>Split profit 35-65 ($20K - $38K) </li></ul>
  4. 4. Pictures of the property
  5. 5. Key Features of the Property <ul><li>House was built in 1994, 3 bedroom, 3 bath (ensuite in Master bedroom </li></ul><ul><li>Finished Basement with recreation room </li></ul><ul><li>Main Floor parquet flooring and ceramic tile </li></ul><ul><li>Main floor laundry </li></ul><ul><li>gas Fireplaces </li></ul><ul><li>Close To Yonge St. & Savage </li></ul>
  6. 6. Profile of the tenant <ul><li>Husband and wife with 3 children (13, 16, and 18) </li></ul><ul><li>The husband is working for Rogers, and the wife is working for a childcare company plus a partime job. </li></ul><ul><li>The combined reported income is about $75K per year. </li></ul><ul><li>They had credit issue due to his job related injury several year ago. He is now retrained for a different position at Rogers. </li></ul><ul><li>They do not have a valid credit score at the moment. They are in process of reestablishing credit </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. Cash Flow 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