Mother and Son Ready for a Home to Call their Own 

Patrick and Bev, a mother-son team, are looking to exit from multiple rentals so they can get a home of their own and break the cycle of renting. They have saved $20,000 for their down payment and need to rent-to-own for 4 years to become mortgage-ready. They found a great starter home near Ottawa and already made an offer on it.


Patrick and Bev have an annual household income of $141,000.  Patrick works in construction for Kiewit-Dufferin Midtown Partnership.  He is an Operator on the 417 OLRT Project and has been with the company since 2020.  Patrick earns $100,000 annually.  Bev works as a personal support worker (PSW) for Hilltop Manor.  She has been employed with Hilltop since 2020.  Her annual income is $41,000 annually.


Patrick has a credit score of 600. He has a car loan that he will need time to pay down as well as two small collections.  Bev has a score of 630.  She was discharged from a bankruptcy in 2017 and needs time to build her credit back up.  They will both work with a Clover Properties-approved mortgage broker to help get them ready to qualify for their own mortgage in 2026.


The family found a great starter home in a family-friendly town of Merrickville, Ontario. The detached property has 2 bedrooms and 2 baths. It has a single car garage.  The house has already been secured for $485,000 while comparables in the area are showing prices over $500,000 for similar properties. This home is located 1 hour from Ottawa and just 30 minutes to the 401. Merrickville is a town in transition as it has become an affordable place for Ottawa commuters to purchase in.  If you would like more information, please click the following link –

Next Steps

If you can qualify for a $388,000 mortgage (based on a 20% down payment), and would like to earn about $871+ in monthly cashflow to help Patrick and Bev rent-to-own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $99,800
  • Estimated annual return on investment is 29% (based on a mortgage rate of 3.50 and 30 yr amortization –approximated)
  • Your estimated NET profit $114,821
  • Your NET monthly cash flow is approx. $871+ a month
  • Tenant-buyers have $20,000 for the down payment
  • Tenant-buyers have a household income of $141,000

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Investment Property Highlights

  • Purchase price is $485,000 (agreed purchase price – private deal )
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $3,125 monthly
  • Tenant-buyer will buy this house in 2026 for $590,278