Young Couple Looking to Get Their Foot in the Homeownership Door

Victoria and Frank are a young couple with no kids. They have been renting for the past few years in Brampton after moving there from the Sarnia area. Now, with house prices above their budget in Brampton, they have decided to move back to Sarnia to be closer to family and to get into their own house. They have saved up a $30,000 down payment but need a little time to improve to pay down a car loan and improve their credit. Victoria’s mom will be moving in with them and paying $900 a month towards the rent.

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Employment

Combined, the couple have an annual household income of $133,000. Frank works in the construction industry and is currently employed by Verdi Structures Inc. as a carpenter. He has been with the company since 2017. He has already secured employment in Sarnia with Union Construction. He earns an annual income between $83,000 – $90,000. Victoria works from home for Intact Insurance. She is employed as a Claims agent and earns $50,000 annually. She has been with the company since 2018.

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Credit

Frank has a credit score of 630. He has under 10k in debt and his credit history is in good standing. He just needs time to improve his score. Victoria has a credit score or 715 but has a car loan that she needs to pay down in order to qualify for a mortgage. By working with a Clover Properties-approved mortgage broker, this family will be prepared to get their own mortgage in 2026.

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Property

The couple found a great starter home in Sarnia, Ontario, The house is located just minutes from amenities including schools (Lambton College), parks and the downtown shopping area. The property has 3+1 bedrooms and 2 baths and backs on to green space for privacy – perfect for enjoying the large backyard. Finished with a huge garage, separate entrance to the basement and upgrades like electrical, plumbing, windows and roof (2017), this property has huge future potential for the couple when they decide to start a family.

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Next Steps
If you can qualify for a $400,000 mortgage (based on a 20% down payment), and would like to earn about $821+ in monthly cashflow to help Frank and Victoria Rent to Own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $93,100
  • Estimated annual return on investment is 33% (based on a mortgage rate of 2.50 and 30 yr amortization –approximated)
  • Your estimated NET profit $124,593
  • Your NET monthly cash flow is approx. $821+ a month
  • Tenant-buyers have $30,000 for the down payment
  • Tenant-buyers has household income of $133,000

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About the Property

  • Purchase price is $500,000 (estimated purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $2,950 monthly
  • Tenant-buyer will buy this house in 2026 for $603,136

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 $30,000 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