Tenant / Buyer Information:
Husband and Wife have 2 beautiful kids, live in Oshawa and are both completely tired of the rent game. A few years ago they ran into some financial difficulties and are working hard to get back on the right track. With our guidance and help they are expected to be exactly where they need to be within the next 3 years.
Husband is self employed as a carpenter and is working in the Durham Region on many of the new constructions in the area.
Wife has been a law clerk for the last 4 years downtown Toronto.
Household Income $105,000
They have a down payment of $9000 plus first and last month’s rent.
Rent will be $2050 with $225 in credits each month.
They have agreed to the following buy out prices:
Year 3 Buyout Price = $357,707