Hard-Working High Income Family Moving to Haliburton

Curtis and Kayde are a married couple with two young kids (ages 10 and 12). They are eager to get out of the rental cycle because they want to have more control over their financial future and where they raise their kids. The couple saved up $28,000 for a down payment. During their three-year RTO term, they will build up a bigger down payment and improve their debt ratios to qualify for a mortgage.

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Employment

The couple has a significant annual household income of $215,632. Curtis works full-time for Collision Repair Experts as an Auto Body Technician. He has employed with them since 2021. He earns $145,000 per year. His wife Kayde is a Personal Support Worker (PSW). She started in 2021 with the Care Company. She is employed full-time and earns $56,160 annually. The couple also receive child benefits (CCB) of $14,472 annually.

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Credit

Curtis and Kayde have excellent credit. Curtis has a score of 693. Kayde has a score of 776. Their only debt is a car loan and they are in good standing. This loan will be paid down during the RTO term, which will satisfy the lender’s criteria.

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Property

The couple found a great starter home in the town of Minden Hills, outside of Haliburton. The property has 4 bedrooms and 2 bathrooms. Fully renovated and updated, this house is move-in ready and very attractive. Best of all, there is a workshop on the property, which is perfect for Curtis as he’d like to take on light repairs as a side-hustle to earn more income. Major amenities are nearby, with Haliburton only 25 minutes away. The next major town is Bracebridge, just an hour away.

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Next Steps
If you can qualify for a $560,000 mortgage (based on a 20% down payment), and would like to earn about $1,462+ in monthly cashflow to help Curtis and Kayde Rent to Own, please call or text Rachel at 416-450-1940.

Investment Property Highlights

  • Your investment is $139,100
  • Estimated annual return on investment is 32% (based on a mortgage rate of 2.50 and 30 yr amortization –approximated)
  • Your estimated NET profit $133,638
  • Your NET monthly cash flow is approx. $1,562+ a month
  • Tenant-buyers have $28,000 for the down payment
  • Tenant-buyers has household income of $215,632

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About the Property

  • Purchase price is $700,000 (estimated purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $4,200 monthly
  • Tenant-buyer will buy this house in 2025 for $815,838

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 $28,000 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