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24 Wrenn Investor Presentation
1. Joint Venture OpportunityDetached House in Bowmanville 3 Bedrooms , 2 Bath 24 Wrenn Blvd, Bowmanville, ON Thomas Wong 416-806-9568 thomaswong@rogers.com Kenneth Sam 416-895-5337 soldin48hours@gmail.com
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3. The house was originally listed for 225K. The carpet in the basement needs an upgrade with several rooms requiring a coat of paint.
4. Offer is accepted to buy the property for 214K. The current closing is set for Nov 23rd 2009.
5. We are planning to spend approx $5,000 to improve the property. After repair value is between $230K-$235K
6. Already have a rent-to-own tenant, signed the Lease Option agreement. Tenant has already paid $5,000 towards the purchase deposit.
7. Using the Lease Option program as the exit strategy, potential profit in 3 years will be approx $40KLeaseToOwnToronto.com | 24 Wrenn Blvd
27. Lease to Own program will help them save 10% to get a good mortgage.
28. Signed the Lease with Option to Purchase Agreement. Got $5,000 or them to confirm their participation in the Rent - To- Own Program. The total initial deposit for the tenant will be $7,300.LeaseToOwnToronto.com | 24 Wrenn Blvd