58 Del Francesco Way, Vaughan, ON L6A 3X1
4 Beds | 
4 Baths | 
3,000 SqFt
Turnkey, no work needed, no landlord headaches!
This Home Is Perfect For Any Large Family Or Anyone Looking For Enough Space To Fit All Your Needs. Within Walking Distance To The Newly Built Vaughan Hospital, Libraries And Schools, Shopping, Canada’s Wonderland And Highway 400 Nothing Is Out Of Reach. Or, Enjoy Your Beautiful Backyard Without Any Homes Behind You. It’s Private And Perfect For Entertaining.
The Buyers
The buyers are Permanent Residents of Canada which is equivalent to a Green Card in the USA. The Clients are Purchasing a house and keeping their existing Condo till they move to their new property. The clients are seeking the 1st Mortgage for their principal residence in ON with a current purchase value of the property is $1,270,000, and the Mortgage required is $1,016,000.00. The client has already paid $80,000 in advance which you can see in the Purchase Agreement.
Problem: The clients don’t have a 20% down payment and they can maximum put around $100K. If the Condo is sold then they can get another approx. $151,105. And due to their relatives who came from India and also he has a small kid who is 6 months older, they are not able to put their Condo for staging. This is only possible once they move to their New House which is closing on July 21st. If they could have sold the Condo then they could have paid the 20% down payment for the new purchase. So, please let me know how you can help this client.
The FICO score is: Kunal (husband) = 803, Anupriya (Wife) = 793
– Stable income for main applicants
– Clients have excellent beacon profiles and repayment history
– Marketable location and property
The Numbers
| Money from Tenant-Buyer: $100,000 NET amount from Investor: $184,000 | BUY: $1,270,000 SELL: $1,422,400 |
| Cash Flow: $450/mo ROI: 75% / IRR: 81% | TERM: 1 year PROFIT: $149,000 |
Hybrid Real Estate Investing – A Better Way To Invest In Real Estate
The Hybrid REI Model Gives Real Estate Investors What They Really Want!
- Cash Now: We bring you a property with a tenant-buyer already in place and ready to move in the day you close. They pay a non-refundable option fee to purchase the property. And the best part is you own the property and retain the tax benefits until the tenant exercises their option to purchase.
- Cash Flow: We have vetted the buyer who has a good income and will be responsible for the maintenance and repairs, so no need for property management, and all of the cash flow goes to the bottom line.
- Cash Later: Then you sell at the appreciated price when the tenant secures their own mortgage within a predetermined time frame (12-36 months) with the help of our team. They are now proud homeowners and your increased capital is freed up to do another deal!
Interested?
Please schedule a call with our team ASAP to discuss acquiring this deal. Our deals usually go pretty quick, so please schedule with us now if you’re interested.
Book a call with me at -> https://hybridrealestateinvesting.com/call or fill out the form below and we’ll be in touch.
Investor Referral Program
Who else do you know that might like to passively earn a double-digit return with income producing real estate? With our “Investor Referral Program” you get a $1,000 referral bonus – And you get that for every deal they do with us, not just the first one!
