Government Employee Eager to Build Equity

Douglas is single and has a secure government job. He recognizes that he may be running out of time to get into the market so he’s taking action now. Back in 2018 Douglas went through a bankruptcy because due to receiving bad advice from someone he trusted. He needs more time to re-establish his credit and build up a bigger down payment. Douglas has saved up $20,000 for a down payment and will need to rent-to-own for three years to become mortgage-ready for 2024.


Douglas earns $77,000 annually. He has been employed since 2012 full-time with the Financial Transactions and Report Analysis Department of the Government of Canada.


The credit is what needs attention. He has a score of 639 as he’s been working on it slowly on his own. With a Clover Properties-approved mortgage broker supporting Douglas, he should be ready for his own mortgage in three years.


Douglas found a great home in Cornwall, Ontario. The property is well-maintained but dated, which is what Douglas was looking for since he wants to renovate the house to make it his own. The property was built in 2013. The house has 4 bedrooms and two bathrooms. The property is within 15 to Hwy 401 and a short drive into the city.

Next Steps
If you can qualify for a $292,000 mortgage (based on a 20% down payment), and would like to earn about $697+ in monthly cashflow to help Douglas rent-to-own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $71,600
  • Estimated annual return on investment is 30% (based on a mortgage rate of 2.50 and 30 yr amortization –approximated)
  • Your estimated NET profit $63,420
  • Your NET monthly cash flow is approx. $697+ a month
  • Tenant-buyers have $20,000 for the down payment
  • Tenant-buyers has household income of $77,000

click to downloadspreadsheet


About the Property

  • Purchase price is $365,000 (estimated purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $2,350 monthly
  • Tenant-buyer will buy this house in 2024 for $427,800

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 $20,000 down will be used as the deposit on the property with accepted offer
Rachel and Neil Oliver
Rachel and Neil OliverCo-Founders, Managing Partners
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