Blended Family Being Practical About Homeownership

Fabian and Dawn are on their second marriage and want to create stability for their blended family, which consists of five kids. Together the couple has a two year old. Fabian has a 10, 12 and 18 year old from his previous marriage. Dawn has one child from her first marriage – Sameera, who is now 34 years old. Sameera will be contributing to the household income to help her mother and Fabian rent-to-own a spacious enough starter home so they can get into the market. The family has saved up $25,000 towards the down payment. They will need to rent-to-own for four years to build up a bigger down payment and improve their credit.


Combined, Fabian, Dawn and Sameera earn $176,100 a year, and generally have stable jobs. Dawn is employed at EduKids Child Care Centres. She has worked full-time for the company since 2017 and earns $38,300 annually. Sameera works for the City of Toronto in the Employment and Social Services Department as a Caseworker. She has been in this role since 2018 and earns $65,000 annually. Fabian has recently started a new position with the Durham District School Board as a Supply Coverage Custodian, earning $50,000 a year. The couple also receives $16,800 annually in child benefits for their three kids under 16.


Dawn has a great credit score of 686. Sameera’s credit is a tad better at 693. Fabian’s credit is only 527 and will need time to repair. Fabian works as a custodian. When COVID lockdowns caused schools to close, the school that he worked for cut his position. Being in lockdown and out of work longer than expected, Fabian fell behind on bills and went into collections on a few items. A four-year rent-to-own term will give Fabian time to pay off collections and rebuild his credit. He will be working with a Clover Properties-approved mortgage professional to get the guidance he needs so this family can qualify for the mortgage by 2025.


The family found a great starter home in Oshawa, Ontario. This 3-bedroom, 2-bathroom property has been well-maintained and has had extensive renovations including a brand-new kitchen. It also features a finished basement and a private backyard, which provides this large family substantial space and room to grow. This property is centrally located. Both the 401 and GO Train are just a short drive from the house.
Next Steps
If you can qualify for a $520,000 mortgage (based on a 20% down payment), and would like to earn about $1,293+ in monthly cashflow to help Fabian, Dawn and Sameera Rent to Own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $129,100
  • Estimated annual return on investment is 33% (based on a mortgage rate of 2.50 and 30 yr amortization –approximated)
  • Your estimated NET profit $169,133
  • Your NET monthly cash flow is approx. $1,293+ a month
  • Tenant-buyers have $25,000 for the down payment
  • Tenant-buyers has household income of $176,100

click to downloadspreadsheet


About the Property

  • Purchase price is $650,000 (estimate purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $3,704 monthly
  • Monthly carrying costs $2,411 (or less)
  • Tenant-buyer will buy this house in 2025 for $784,088

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 $25,000 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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