Parents of Four Kids Finally Ready to Focus on their Future

After raising four kids, Jacob and Christa are ready to focus on getting into homeownership. Now that their two adult children have moved out on their own, the couple feel it is more realistic to find a starter home suitable for them and their 15 and 17 year olds. So far they have saved a $20,000 down payment and will work on a bigger down payment over the next 48 months during their RTO term.

Combined, this couple has an annual household income of $148,000 and are in the essential services sector. Jacob works for DART Petroleum Service in the Facility Maintenance and Construction Division. He has been there since 2018 in the role of Lead Hand Technician. Last year he earned $97,000. Christa works for Lakeridge Health. She works in the Environmental Services Department since 2006 and earned $51,000 in 2020.

The couple has decent credit but it isn’t quite good enough for them to qualify on their own just yet. Jacob’s score of 629. He just needs a little time to pay down a car loan and level out debt service ratios. Christa is at 642 and has to also pay down a car loan in her name. They can easily keep up with their payments and have good payment history. A Clover Properties-approved mortgage broker will work with this couple to ensure they are mortgage-ready by 2025.

The family has found a great property that will provide them with lots of space and still be within 40 minutes of their employment. Located in Lindsay, Ontario – this property has 3-bedrooms, 2-bathrooms, is completely renovated with a finished basement. Located in the heart of Lindsay, it is close to the hospital, all amenities, schools, parks and just a short drive from HWY 7 and HWY 35/115.

Next Steps
If you can qualify for a $460,000 mortgage (based on a 20% down payment), and would like to earn about $1185+ in monthly cashflow to help Jacob and Christa Rent to Own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $117,975
  • Estimated annual return on investment is 30% (based on a mortgage rate of 3.00 and 30 yr amortization –approximated)
  • Your estimated NET profit $139,267
  • Your NET monthly cash flow is approx. $1185+ a month
  • Tenant-buyers have $20,000 for the down payment
  • Tenant-buyers has household income of $148,000

click to downloadspreadsheet


About the Property

  • Purchase price is $575,000 (set for multiple offers)
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $3,621 monthly
  • Monthly carrying costs $2,500 (or less)
  • Tenant-buyer will buy this house in 2025 for $690,693

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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