High Income Earning Family Motivated to Set Down Roots

Dexter and Winsome, a married couple along with their 24-year old son, Raheim, are teaming up to achieve their goal of owning a home. Combined they have a very strong income and have $40,000 saved for a down payment. They will need three years to get mortgage-ready. The family is currently renting in Durham region and are looking for a home to rent-to-own in that area.


Combined, the family earns $225,192 annually. Dexter is employed with the TTC in the Operations Group as an Operator. He has been with the TTC since 2007 and earns $75,192 each year. Winsome earns $80,000 annually. She works remotely for Little Fingerprints Nursery in the United Kingdom. She is employed as the Head of Training and has been with this company since 2009. Raheim started his first job after graduating university in 2020. He is employed by Billdr Canada as a Software Developer, earning $70,000 annually.


Winsome has applied for permanent residency and is working on establishing her credit in Canada. Although she has very good credit in the UK, it does not translate for the banks in Canada. She needs a minimum of two-years to establish her credit history to be mortgage-ready. Dexter has a car loan on his credit but his debt-to-income ratio is very good. He does not have any collection items and has a good payment history. Raheim has a car loan and small student loan. He has a very good credit history and makes his payments on time. Over the next three-years, the family will be working with a Clover Properties-approved mortgage professional to get the guidance they need to get mortgage-ready.


The family found a great home in the highly-sought after McLaughlin Community in Oshawa, Ontario. The property is one-year old and covered under Tarion Warranty. The house has 4-bedrooms and 4-baths and has a bright open concept main floor with upgraded kitchen with 12 ft Island, Quartz counters and stainless steel appliances. Located 10 minutes from shopping, restaurants and the 401, this property is well situated for the family.

Next Steps
If you can qualify for a $656,000 mortgage (based on a 20% down payment), and would like to earn about $1,602+ in monthly cashflow to help Winsome, Dexter and Raheim Rent to Own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $151,500
  • Estimated annual return on investment is 33% (based on a mortgage rate of 2.50 and 30 yr amortization –approximated)
  • Your estimated NET profit $150,776
  • Your NET monthly cash flow is approx. $1,602+ a month
  • Tenant-buyers have $40,000 for the down payment
  • Tenant-buyers has household income of $252,192

click to downloadspreadsheet


About the Property

  • Purchase price is $820,000 (estimated purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $4,850 monthly
  • Tenant-buyer will buy this house in 2024 for $943,139

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