High Income Earning Couple Worried About Getting Outpriced

Bary and Merey are a hard-working couple with no kids. They have been renting for the past few years and have decided it is time to get into homeownership before prices go up again. The couple has saved up $40,000 for a down payment, but due to tighter lending rules, they cannot qualify for a mortgage today. The rent-to-own process will help Bary and Merey become mortgage-ready for 2023.


Combined, the couple earns $211,829 annually and work in essential service industries. Merey recently started a position as an Architectural Technologist for WBA Architects and Engineers, which specializes in pharmaceutical buildings and industrial production facilities. She earns $50,000 in this role. Bary has two jobs. He works full-time as Project Manager for Toronto Wide Restoration, a company that handles water damage restoration, mold remediation, and sanitization. He started this position earlier in 2021 and earns $56,500. On a part-time basis, Bary works as a realtor. He has been in this role for 12 years and in 2021 earned $105,329 in commissions.


Merey has a high score of 764. Bary has a score of 583 and needs time and guidance to improve his credit. He has a good payment history but Bary is carrying too much debt to be approved for a mortgage today. Over the next three years Bary will focus on paying off debt. A Clover Properties-approved mortgage professional will be working with him so the couple is mortgage-ready in three years


The family found a great home in Bradford, Ontario. The property is well-maintained and located in the highly-sought after area of Bradford. The house has 4+1 bedrooms and a finished basement with walk-out to the backyard. Many updates were made by the seller, including a new kitchen (2019), roof (2018) and furnace (2013). The property is close to shopping, schools, parks and other amenities are easily accessible. The property is about 15 minutes from Hwy 400 and to Newmarket.

Next Steps
If you can qualify for a $680,000 mortgage (based on a 20% down payment), and would like to earn about $1,756+ in monthly cashflow to help Bary and Merey rent-to-own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $161,100
  • Estimated annual return on investment is 30% (based on a mortgage rate of 2.50 and 30 yr amortization –approximated)
  • Your estimated NET profit $146,354
  • Your NET monthly cash flow is approx. $1,756+ a month
  • Tenant-buyers have $40,000 for the down payment
  • Tenant-buyers has household income of $211,829

click to downloadspreadsheet


About the Property

  • Purchase price is $850,000 (estimated purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $5,030 monthly
  • Tenant-buyer will buy this house in 2024 for $969,991

Next Steps

  • Yes, I want to proceed with this opportunity
  • Meet realtor and sign conditional offer
  • Confirm your financing
  • Review inspection report
  • Review contracts
  • Go firm on the deal
  • Tenant-buyer’s $40,000 down will be used as the deposit on the property with accepted offer
Rachel and Neil Oliver
Rachel and Neil OliverCo-Founders, Managing Partners
Need a Mortgage Partner for Your Next RTO?
If you’re craving cashflow but have only cash to invest, let’s explore a Joint Venture.
Contact rachel@rethinkrentals.com

Contact me for more information or if you have any questions: rachel@rethinkrentals.com