Another qualified tenant buyer with Calgary Rent To Buy who is in the process of looking for a home at present. The purchase price is in the $340,000-$360,000 range. The tenant buyers have $10,000 as an initial option fee.
Opportunity for a JV money partner who is interested in a passive income stream over the next 4 years with all the benefits of owning real estate without any of the hassles.
The tenant buyers are a hard working couple with two young children. They both are working in stable jobs that they have been with for some time. Their combined annual income is $130,000/yr and both credit scores are in the high 600's. The issue preventing these folks from qualifying at present is their high debt ratio. With our program, we will work with the tenant buyers to reduce their debt levels to allow them to easily qualify for their own traditional mortgage in 4 years time.
We are looking for an investor who is able to qualify for a mortgage of approx. $288,000 and has an initial investment of approx. $72,000. The expected ROI on this deal is 15%+ per year.
If you are interested please contact me through PM, or at firstname.lastname@example.org
This deal is time sensitive.
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