New Comers Motivated to Set Down Roots in Canada

Andrea and Nigel are a married couple without kids. They arrived in Canada just 2 years ago and received their permanent residence status. Their goal is to stop renting and get their own home. The couple works hard and needs a little more time to establish their credit before they can qualify for their own mortgage. They are eager to set down roots in the Kitchener-Waterloo area.  They have a $50,000 down payment and will need a two-years to get mortgage-ready.


Andrea is an immigration consultant and has recently finished her licensing to become a real estate agent.  She earned $60,000 in 2021 but should start to see her income increase as she works more in the real estate industry. Nigel operates his own business as a consultant to Indian/Middle East Technology companies.  He consults on how to transition them to do business in Canada.  He was been operating his business since 2020 and earned $100,000 in 2021.


The couple does not have any debt and have excellent credit at this time.  They just need a little more time to build their credit history, which is why they are looking at a two-year term. Andrea has a score of 709 and Nigel has a score of 733. They will work with a Clover Properties-approved mortgage broker to get mortgage-ready.


Andrea and Niger fell in love with a fantastic three-bedroom bungalow in Waterloo. It has many updates, plenty of parking and backs on to a park. The proximity to the city, mixed with the privacy of the property really appeals to the couple. This house has been well-maintained and features new flooring, bathrooms, kitchen counters as well a new steel roof, furnace and air-conditioner.  This house also has a side-entrance and finished basement, which offers a great opportunity for rental income.

Next Steps
If you can qualify for a $564,000 mortgage (based on a 20% down payment), and would like to earn about $1,187+ in monthly cashflow to help Andrea and Nigel Rent to Own, please CLICK the I WANT THIS DEAL BUTTON below.  Please note that all numbers are based on current interest rates.

Investment Property Highlights

  • Your investment is $118,200
  • Estimated annual return on investment is 28% (based on a mortgage rate of 5,4 and 30 yr amortization –approximated)
  • Your estimated NET profit $65,533
  • Your NET monthly cash flow is approx. $1,187+ a month
  • Tenant-buyers have $50,000 for the down payment
  • Tenant-buyers have a household income of $160,000

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Investment Property Highlights

  • Purchase price is $705,000 (estimated purchase price))
  • Target closing date is 30 days
  • Tenant-buyer agrees to pay $4,908 monthly
  • Tenant-buyer will buy this house in 2024 for $779,803