Single Mom and Son Team Up to Get into Homeownership

Anita is a single mom of three kids (26, 15, 6). Her eldest son, Ehsan is employed and is helping his mom rent-to-own a home for their family. They have strong incomes and good credit history. They just need help to build up a bigger down payment. Currently they have saved $20,000 for a down payment and want to lock that into a rent-to-own before they are price out of the market. A four-year rent-to-own term will help them save up what the banks want to see.


Combined, Anita and Ehsan bring in $150,300 a year. They have stable jobs with McKesson, a global healthcare company and centralized distributor of COVID-19 vaccines and ancillary supply kits. Anita is employed as the Manager of Operations and Program Implementation. Her employment with the company started in 2001 and she earns $97,500 annually. Ehsan is earning $50,000 annually. He has been with the company since 2017 and currently holds a full-time position as Pharmacy Coordinator. In addition to her job income, Anita receives $3,000 a year in child benefits for her 6-year old.


Anita has a credit score of 641. She is carrying a car load bit is keeping up with her car payments. A four-year term will give her the time needed to pay down her car and improve her credit rating. In fact, she will likely be in a position to qualify for the mortgage herself. Ehsan has a high score of 710. He also has a car payment that will be paid down during the rent-to-own program. The family will be working with a Clover Properties-approved mortgage professional to get the guidance they need be mortgage-ready by 2025.


The family found a recently renovated starter home in St.Catharines, Ontario. This quaint home offers 4-bedrooms and 2-bathrooms which is perfect for this family. It has been renovated from top to bottom and features a beautiful grey and white kitchen with new appliances. With a fenced in backyard, this home is located close to everything including great schools, parks and shopping. Just minutes from the 406, this property offers quick access to both Niagara and Toronto.

Next Steps
If you can qualify for a $419,920 mortgage (based on a 20% down payment), and would like to earn about $1,139+ in monthly cashflow to help Anita and Ehsan Rent to Own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $106,580
  • Estimated annual return on investment is 31% (based on a mortgage rate of 2.50 and 30 yr amortization –approximated)
  • Your estimated NET profit $135,559
  • Your NET monthly cash flow is approx. $1,139+ a month
  • Tenant-buyers have $20,000 for the down payment
  • Tenant-buyers has household income of $150,300

click to downloadspreadsheet


About the Property

  • Purchase price is $524,900 (estimated purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $3,200 monthly
  • Tenant-buyer will buy this house in 2025 for $634,759

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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