Opened my mail today to find Peter Kinch's Mortgage Minute newsletter in my inbox. It's always a great read and especially informative if you have mortgages to renew or are considering the best tactics for reducing your expenses and increasing cash flow on investment properties through intelligent financing.
Here are three links from his blog enjoy!
2012 Real Estate Market
Pros and Cons to purchasing American Real Estate and Part Two
Friday, December 16, 2011
Thursday, December 15, 2011
New You Resolutions
Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
December 15th., 2011
Volume 11, Issue 7
Dear Friends and Partners,
Another year is upon us. I hope that you have enjoyed 12 months filled with growth, change and enough 'wins' to be shaking your head at how fast it was spent. It seems that as we prepare to enter 2012 we enter it with much global uncertainty, as has been the norm for the past few years.
Optimism will prevail and with a bit of hope, and levelheadedness, political and economic stability will come to the nations that need balance the most.
In Alberta we remain very well situated and are better insulated (but not immune) to the global ups and downs; this last recession reminded us just how fast an economy can slow down. The good news remains the same as it was; Edmonton's long-term investing forecast is solid, steady and on track. Investors who focus on cash-flow and employ a long-term outlook, ride the real estate cycles which can be 5 to 7 years or longer, will do well.
Alberta is entering into another period of growth beginning in 2013, so lining up well priced and well positioned assets now is key; you still have incredible rates to take advantage of and relatively decent banking terms for revenue property investors - smart investors are picking up value priced property now.
Danielle and I always take time out over New Year to map out our goals for the year ahead. We focus on family, health, wealth and person goals - if you don't do this already, try it. It's a powerful way to get clear and synchronize as a family what you intend accomplish in the months ahead. As always, we sincerely thank you for your help, support and partnership. May 2012 be your best year yet.
Wishing you a wonderful holiday season and a New Year filled with success!
P.S. Be sure to take advantage of REIN's great Xmas savings on ALL real estate products below. They make a great gifts too!
Please note: Glenn Simon Inc. will be closed for holidays from December 21st until January 9th. Newsletters will resume from January 15th 2012.
===============
North East Edmonton: Cash flowing Four-Plex In Killarny
Turbo charge your portfolio. Upgraded 1959 side-by-side duplex converted to 4-Plex with separate entrance to all units. The main floor is massive with nearly 1025 sq ft of beautifully designed space, including 3 bedrooms, dining, kitchen and living room. There are two large nicely finished 2 bedroom suites downstairs. You'll find shared laundry on the lower floor and the main floors have their own laundry.
All suites are well maintained with the main floor having some nicer touches and the basements remaining simple, clean and functional. The yard is low maintenance, landscaped and fenced. There is a 1 car garage and parking for 4 cars. 25 minutes to U.O.A. and 15 minutes to Grant MacEwan, NAIT and Downtown. This property has good holding value and cash-flow.
Comes complete with great tenants making this a totally turn-key property for you. Convenient North East area with easy access to transit and downtown. Excellent established neighbourhood featuring affordable homes; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's developing North East.
Produces $732 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $450K Total Investment: $112K. Your Estimated 5 Year Profit $64K. Your pre-tax Total ROI is 58% or 11.5% per year + $732 Cash Flow in Your Pocket Every Month
Poised for massive growth. These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Economy Oversold
By Nick Henselmeier, The Star Phoenix December 6th 2011
Re: Sask. unemployment sees small hike (SP, Dec. 3). An interesting fact is hidden in the November unemployment numbers: Saskatchewan no longer has the lowest unemployment rate in Canada, with that distinction going to Alberta.
While Labour Minister Rob Norris brags about Saskatchewan adding 4,500 jobs year over year, this is in comparison to 98,400 added in Alberta. In fact, Saskatoon's total labour market declined by 1.6 per cent in the third quarter, year over year. GRAB THIS STORY
===============
BMO Economics: Energy Sector Will Keep Alberta Near Top of Growth Leaderboard in 2012
High oil prices strengthening energy sector and driving labour market - Real GDP growth of 3.3 per cent in 2011; 2.8 per cent in 2012 (Canada's at 2.3 per cent in 2011; 2.0 per cent in 2012)
MARKETWIRE, CALGARY, ALBERTA, Dec 07, 2011
Alberta's economy is significantly outperforming the national average in 2011, and should remain near the top of the growth leaderboard next year, according to the Provincial Monitor report released today by BMO Economics.Despite the sovereign debt crisis in Europe, cooling growth in China and expected sluggish growth in the U.S., West Texas Intermediate crude oil prices remain firm near $100 per barrel.
"Despite some temporary disruptions earlier this year due to wildfires, oil production was up a solid 7.8 per cent year-over-year through August, with even more robust 10.8 per cent year-over-year growth in crude bitumen production," noted Mr. Kavcic. "Longer term, Alberta is expecting raw bitumen production to rise 14 per cent per year in the next two years, as conventional crude output remains about flat, while natural gas production declines." GRAB THIS STORY
================
Ewart: Is It To Soon To Cheer Good News?
By Stephan Ewart, Calgary Herald. December 9th, 2011
The news the federal government has approved a 100,000-barrel-a-day oil sands mine in the midst of a key UN climate change conference essentially confirms that Ottawa is not about to bow to international pressure that would potentially harm the economy.
Canada has been singled out repeatedly during the United Nations conference in South Africa for a perceived lack of commitment to reducing the country's fast-rising greenhouse gas emissions.
In the face of the global criticism, Natural Resources Minister Joe Oliver announced Thursday the approval of the $9.5-billion oil sands project. FOLLOW THIS ARTICLE
================
Your success continues EVERYDAY, let me help you build for tomorrow.
"Be always at war with your vices, at peace with your neighbours, and let each new year find you a better man." -Benjamin Franklin
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
December 15th., 2011
Volume 11, Issue 7
Dear Friends and Partners,
Another year is upon us. I hope that you have enjoyed 12 months filled with growth, change and enough 'wins' to be shaking your head at how fast it was spent. It seems that as we prepare to enter 2012 we enter it with much global uncertainty, as has been the norm for the past few years.
Optimism will prevail and with a bit of hope, and levelheadedness, political and economic stability will come to the nations that need balance the most.
In Alberta we remain very well situated and are better insulated (but not immune) to the global ups and downs; this last recession reminded us just how fast an economy can slow down. The good news remains the same as it was; Edmonton's long-term investing forecast is solid, steady and on track. Investors who focus on cash-flow and employ a long-term outlook, ride the real estate cycles which can be 5 to 7 years or longer, will do well.
Alberta is entering into another period of growth beginning in 2013, so lining up well priced and well positioned assets now is key; you still have incredible rates to take advantage of and relatively decent banking terms for revenue property investors - smart investors are picking up value priced property now.
Danielle and I always take time out over New Year to map out our goals for the year ahead. We focus on family, health, wealth and person goals - if you don't do this already, try it. It's a powerful way to get clear and synchronize as a family what you intend accomplish in the months ahead. As always, we sincerely thank you for your help, support and partnership. May 2012 be your best year yet.
Wishing you a wonderful holiday season and a New Year filled with success!
P.S. Be sure to take advantage of REIN's great Xmas savings on ALL real estate products below. They make a great gifts too!
Please note: Glenn Simon Inc. will be closed for holidays from December 21st until January 9th. Newsletters will resume from January 15th 2012.
===============
North East Edmonton: Cash flowing Four-Plex In Killarny
Turbo charge your portfolio. Upgraded 1959 side-by-side duplex converted to 4-Plex with separate entrance to all units. The main floor is massive with nearly 1025 sq ft of beautifully designed space, including 3 bedrooms, dining, kitchen and living room. There are two large nicely finished 2 bedroom suites downstairs. You'll find shared laundry on the lower floor and the main floors have their own laundry.
All suites are well maintained with the main floor having some nicer touches and the basements remaining simple, clean and functional. The yard is low maintenance, landscaped and fenced. There is a 1 car garage and parking for 4 cars. 25 minutes to U.O.A. and 15 minutes to Grant MacEwan, NAIT and Downtown. This property has good holding value and cash-flow.
Comes complete with great tenants making this a totally turn-key property for you. Convenient North East area with easy access to transit and downtown. Excellent established neighbourhood featuring affordable homes; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's developing North East.
Produces $732 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $450K Total Investment: $112K. Your Estimated 5 Year Profit $64K. Your pre-tax Total ROI is 58% or 11.5% per year + $732 Cash Flow in Your Pocket Every Month
Poised for massive growth. These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Economy Oversold
By Nick Henselmeier, The Star Phoenix December 6th 2011
Re: Sask. unemployment sees small hike (SP, Dec. 3). An interesting fact is hidden in the November unemployment numbers: Saskatchewan no longer has the lowest unemployment rate in Canada, with that distinction going to Alberta.
While Labour Minister Rob Norris brags about Saskatchewan adding 4,500 jobs year over year, this is in comparison to 98,400 added in Alberta. In fact, Saskatoon's total labour market declined by 1.6 per cent in the third quarter, year over year. GRAB THIS STORY
===============
BMO Economics: Energy Sector Will Keep Alberta Near Top of Growth Leaderboard in 2012
High oil prices strengthening energy sector and driving labour market - Real GDP growth of 3.3 per cent in 2011; 2.8 per cent in 2012 (Canada's at 2.3 per cent in 2011; 2.0 per cent in 2012)
MARKETWIRE, CALGARY, ALBERTA, Dec 07, 2011
Alberta's economy is significantly outperforming the national average in 2011, and should remain near the top of the growth leaderboard next year, according to the Provincial Monitor report released today by BMO Economics.Despite the sovereign debt crisis in Europe, cooling growth in China and expected sluggish growth in the U.S., West Texas Intermediate crude oil prices remain firm near $100 per barrel.
"Despite some temporary disruptions earlier this year due to wildfires, oil production was up a solid 7.8 per cent year-over-year through August, with even more robust 10.8 per cent year-over-year growth in crude bitumen production," noted Mr. Kavcic. "Longer term, Alberta is expecting raw bitumen production to rise 14 per cent per year in the next two years, as conventional crude output remains about flat, while natural gas production declines." GRAB THIS STORY
================
Ewart: Is It To Soon To Cheer Good News?
By Stephan Ewart, Calgary Herald. December 9th, 2011
The news the federal government has approved a 100,000-barrel-a-day oil sands mine in the midst of a key UN climate change conference essentially confirms that Ottawa is not about to bow to international pressure that would potentially harm the economy.
Canada has been singled out repeatedly during the United Nations conference in South Africa for a perceived lack of commitment to reducing the country's fast-rising greenhouse gas emissions.
In the face of the global criticism, Natural Resources Minister Joe Oliver announced Thursday the approval of the $9.5-billion oil sands project. FOLLOW THIS ARTICLE
================
Your success continues EVERYDAY, let me help you build for tomorrow.
"Be always at war with your vices, at peace with your neighbours, and let each new year find you a better man." -Benjamin Franklin
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Wednesday, December 14, 2011
The Oilsands made me do it.
I don't care how you feel about the oil sands environmentally you have to draw the line when they are blamed for the poverty cycle. The only thing that causes a cycle of poverty is
a lack of skills be they managing money or the ability to get a job.
This article is blaming the oil sands for making people do drugs, staying poor and not getting proper housing. Why is it the oil sands and not this man's choice? He's thirty! Surely he is accountable for his choices?
The writer claims lump sums of money are more dangerous than salary spread out. I would say the most dangerous is no salary, no job. Blame is a sad but consistent part of our society today. Granted it's the writer's opinion and she is entitled to that.
Read article if you must.
a lack of skills be they managing money or the ability to get a job.
This article is blaming the oil sands for making people do drugs, staying poor and not getting proper housing. Why is it the oil sands and not this man's choice? He's thirty! Surely he is accountable for his choices?
The writer claims lump sums of money are more dangerous than salary spread out. I would say the most dangerous is no salary, no job. Blame is a sad but consistent part of our society today. Granted it's the writer's opinion and she is entitled to that.
Read article if you must.
Friday, December 02, 2011
The Best News!
Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
December 1st., 2011
Volume 11, Issue 6
Dear Friends and Partners,
Today's newsletter is going to be short and sweet. The biggest (non-real estate) news is that we had our second, beautiful healthy boy! Bronson was born 11/27/11 at 2:13PM. Both Mom, son and his brother are all well.
Below you will find three important news articles concerning the Alberta economy. On December 15th you can read our full length newsletter and then we will have a Christmas break until January 15th, when regular newsletters will commence again.
===============
Snapping the U.S out of Great Recession
AB, Nov. 28, 2011/ Troy Media/ - In the comic book world, Magneto is a super villain who has the ability to control metal and is bent on destroying mankind. Obviously, this is not what economists mean when they refer to ‘magneto trouble’. GRAB THIS STORY
===============
Oilsands Key to Global Energy Growth IEA
Postmedia News Nov 9, 2011 – 8:59 AM ET | Last Updated: Nov 10, 2011 10:34 AM ET
By Peter O’Neil
OTTAWA —Alberta’s oil sands provide one of the world’s few areas of energy production growth outside the volatile Middle East and North Africa, though environmental concerns could hinder its expansion, the International Energy Agency said in a report Wednesday.
The commentary was contained in an IEA analysis that warned the world is at risk of being locked into an “insecure, inefficient and high-carbon energy system” that will lead to average temperature increases of 3.5 C — well above the 2 C benchmark most scientists advise as the maximum increase to avoid dangerous climate change. Read More Here
===============
Canada Defiant after U.S oil pipeline rebuff
Thu Nov 10, 2011 6:33pm EST
By David Ljunggren, Randall Palmer and Jeffrey Jones
OTTAWA/CALGARY, Nov 10 (Reuters) - Canada will keep promoting crude from the tar sands of northern Alberta as a secure source of energy despite a U.S. decision to delay approval of a pipeline to carry the oil from Alberta to Texas, officials said on Thursday.
The Canadian government and the oil industry have limited options, however, as another controversial proposal to build a pipeline to export tar sands crude to Asian markets is just at the beginning of a lengthy review process. FOLLOW THIS ARTICLE
================
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Between our birth and death we may touch understanding, as a moth brushes a window with its wing." -Christopher Fry
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start home-study sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Friday, November 25, 2011
Suite Success
It's been 5 months from start to finish but yesterday our Cornerstone Grant funding came in the mail. We started building the secondary suite in July and final approval came around November 15, 2011, seven days later we got our cheque. Here, here and here are the steps we took through the whole grant process.
The biggest delays were permits the longest one took about 6 weeks, our contractor (the guy seriously lost the plot) and finally fireproofing the furnace room ceiling with drywall. 95% of the people we spoke to said it couldn't be done but it was. It took 3 inspections by the city but finally we got it right. The first shot is with gypsum board which is not to code the second two we have drywall and some fireproof duct tape throughout the ceiling.
After our whoops of joy we thought lets do it again. The first attempt was a bit rough going but once you've done the program and been approved it's easier to get your reno team in place and anticipate delays.
Monday, November 21, 2011
This and That
"Canada must reduce its dependence on the United States and look to Asia's rising fortunes, Premier Alison Redford told an Toronto audience during an Economic Club of Canada keynote speech on Wednesday.
Redford said her government remains committed to the delayed Keystone XL pipeline to Texas but the province needs more customers for its oilsands products.
"Our success is dependent on exports and the prosperity they bring, but U.S. demand is declining," the premier said during her first visit to Toronto as premier.
"Asia's star is rising and it will dominate the 21st Century. We can guarantee national prosperity for a long time to come by supplying them with the energy that they need."
Premier Redford hits the nail on the head when she starts the conversation of creating an energy supply chain to Asia. If Keystone isn't ready, lets diversify. The more global partners, the merrier. Read More Here
"A CIBC report suggests that over the next two decades, energy infrastructure construction will add a million jobs to the Canadian economy – enough to pull it away from recessionary risk without government intervention. At least part of that depends on Canada processing its oil sands crude."
As the battle over the Keystone XL pipeline threatens to upset exports from Canada’s oil sands to the United States, an old dream to make Alberta an oil-processing powerhouse is back on the table.
Alberta’s energy industry has long counted on the planned pipeline to carry much of the province’s ever-increasing volume of oil sands output to refineries on the U.S. Gulf Coast. Go to article
Redford said her government remains committed to the delayed Keystone XL pipeline to Texas but the province needs more customers for its oilsands products.
"Our success is dependent on exports and the prosperity they bring, but U.S. demand is declining," the premier said during her first visit to Toronto as premier.
"Asia's star is rising and it will dominate the 21st Century. We can guarantee national prosperity for a long time to come by supplying them with the energy that they need."
Premier Redford hits the nail on the head when she starts the conversation of creating an energy supply chain to Asia. If Keystone isn't ready, lets diversify. The more global partners, the merrier. Read More Here
"A CIBC report suggests that over the next two decades, energy infrastructure construction will add a million jobs to the Canadian economy – enough to pull it away from recessionary risk without government intervention. At least part of that depends on Canada processing its oil sands crude."
As the battle over the Keystone XL pipeline threatens to upset exports from Canada’s oil sands to the United States, an old dream to make Alberta an oil-processing powerhouse is back on the table.
Alberta’s energy industry has long counted on the planned pipeline to carry much of the province’s ever-increasing volume of oil sands output to refineries on the U.S. Gulf Coast. Go to article
Wednesday, November 16, 2011
Check out our media page
We've been really busy over the last few months from contributions to Real Estate How To books to magazines in Canada, Japan and the UK.
I've finally put up some of the articles, links and pdfs on our media page. Take a look some are interesting and hopefully you can find at least one golden nugget of information among them.
Tuesday, November 15, 2011
Optimism Like Water
Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
November 15th., 2011
Volume 11, Issue 5
Dear Friends and Partners,
We're up again, no we're down again. Like a ball in the air, it has been tough to know exactly where it'll land - that has been our economy and politics of late. I suppose in a sense that is consistent. If you've been trying to figure out what Greece, Italy, France, Iran and the U.S.A. are going to do - don't. I have attached a quote at the bottom of this newsletter that offers sage advice for these uncertain times. Another good saying to practice now is "Hope for the best and plan for the worst". The Keystone pipeline is a good example, if we're not going to build it now; we can build it later. If not to the U.S.A., then to China. Use today to practice optimism like water; flow around your obstacles.
===============
West Central Edmonton: Cashflowing Three-Plex In Inglewood
Turbo charge your portfolio. Legal upgraded 1960 built 3-plex with separate entrance to all units. The main floor is massive with nearly 1900 sqft of beautifully designed space, including 3 bedrooms, dining, kitchen and living room. There are 2 large 1 bedroom self contained suites downstairs. You'll find coin operated laundry on the lower floor and main floor has its own laundry. Both lower suites have their own furnace and are legally built to city code. All suites are well maintained with the main floor having some luxury touches and the basements remaining simple, nice and functional. Outside is professionally landscaped, fenced and complete with parking for 2 cars plus a double detached garage. 20 minutes to U.O.A. and 10 minutes to Grant MacEwan, NAIT and Downtown. This property has good holding value and cash-flow.
Comes complete with great tenants making this a totally turn-key property for you. Convenient West Central area with easy access to transit and downtown. Excellent established neighbourhood featuring many heritage homes; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's developing core.
Produces $400.64 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $449K Total Investment: $103,498K. Your Estimated 5 Year Profit $54,039.65K. Your pre-tax Total ROI is 52% or 10% per year + $400.64 Cash Flow in Your Pocket Every Month
Poised for massive growth. These 3 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Lamphier: Economic Future Lies With Booming Asia
By Gary Lamphier, Edmonton Journal, November 7th 2011
EDMONTON - It’s all about Asia now. As is increasingly obvious, that’s where Canada’s economic future lies.
If you don’t get that, you can’t appreciate what we’ll need to do to sustain our comfy Canadian living standards or secure our kids’ economic futures in the years ahead.
The world has changed. When some 20 million Americans remain jobless two years into a recovery, and crisis-ridden Europe is forced to beg China for bailout money, you know it’s different this time.
Asia’s soaring economic clout is reflected in the changing makeup of the world’s 250 largest energy firms, a list that’s compiled each year by Platts, a New York-based commodity research firm. GRAB THIS STORY
===============
Canada Defiant After U.S. Oil Pipeline Rebuff
By David Ljunggern, Reuters. Thursday November 10th, 2011
OTTAWA/CALGARY, Nov 10 (Reuters) - Canada will keep promoting crude from the tar sands of northern Alberta as a secure source of energy despite a U.S. decision to delay approval of a pipeline to carry the oil from Alberta to Texas, officials said on Thursday.
The Canadian government and the oil industry have limited options, however, as another controversial proposal to build a pipeline to export tar sands crude to Asian markets is just at the beginning of a lengthy review process.
The U.S. move to put off a decision on TransCanada Corp's proposed $7 billion Keystone XL pipeline for 18 months is a significant blow for Ottawa, which has strongly backed the project. READ MORE HERE.
================
Gains In Edmonton Home Prices No.2 In Country Over Last Decade
Average goes from $124,203 to $328,803 - Still $10,000 off national pace
By Dave Cooper, Edmonton Journal, November 8th 2011
A red-hot economy fuelled unprecedented price appreciation in Edmonton over the last decade, making the city Canada's secondstrongest-performing market - up 165 per cent since 2000, says a report release Monday by Re/Max.
Across Canada, the report says the average value of housing doubled to $339,030 in 2010 from $163,951 a decade earlier.
In Edmonton, the average price of a home climbed from $124,203 in 2000 to $328,803 in 2010, peaking in 2007 at $338,636. FOLLOW THIS ARTICLE
================
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Adversity causes some men to break; others to break records." - William Arthur Ward
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start home-study sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
November 15th., 2011
Volume 11, Issue 5
Dear Friends and Partners,
We're up again, no we're down again. Like a ball in the air, it has been tough to know exactly where it'll land - that has been our economy and politics of late. I suppose in a sense that is consistent. If you've been trying to figure out what Greece, Italy, France, Iran and the U.S.A. are going to do - don't. I have attached a quote at the bottom of this newsletter that offers sage advice for these uncertain times. Another good saying to practice now is "Hope for the best and plan for the worst". The Keystone pipeline is a good example, if we're not going to build it now; we can build it later. If not to the U.S.A., then to China. Use today to practice optimism like water; flow around your obstacles.
===============
West Central Edmonton: Cashflowing Three-Plex In Inglewood
Turbo charge your portfolio. Legal upgraded 1960 built 3-plex with separate entrance to all units. The main floor is massive with nearly 1900 sqft of beautifully designed space, including 3 bedrooms, dining, kitchen and living room. There are 2 large 1 bedroom self contained suites downstairs. You'll find coin operated laundry on the lower floor and main floor has its own laundry. Both lower suites have their own furnace and are legally built to city code. All suites are well maintained with the main floor having some luxury touches and the basements remaining simple, nice and functional. Outside is professionally landscaped, fenced and complete with parking for 2 cars plus a double detached garage. 20 minutes to U.O.A. and 10 minutes to Grant MacEwan, NAIT and Downtown. This property has good holding value and cash-flow.
Comes complete with great tenants making this a totally turn-key property for you. Convenient West Central area with easy access to transit and downtown. Excellent established neighbourhood featuring many heritage homes; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's developing core.
Produces $400.64 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $449K Total Investment: $103,498K. Your Estimated 5 Year Profit $54,039.65K. Your pre-tax Total ROI is 52% or 10% per year + $400.64 Cash Flow in Your Pocket Every Month
Poised for massive growth. These 3 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Lamphier: Economic Future Lies With Booming Asia
By Gary Lamphier, Edmonton Journal, November 7th 2011
EDMONTON - It’s all about Asia now. As is increasingly obvious, that’s where Canada’s economic future lies.
If you don’t get that, you can’t appreciate what we’ll need to do to sustain our comfy Canadian living standards or secure our kids’ economic futures in the years ahead.
The world has changed. When some 20 million Americans remain jobless two years into a recovery, and crisis-ridden Europe is forced to beg China for bailout money, you know it’s different this time.
Asia’s soaring economic clout is reflected in the changing makeup of the world’s 250 largest energy firms, a list that’s compiled each year by Platts, a New York-based commodity research firm. GRAB THIS STORY
===============
Canada Defiant After U.S. Oil Pipeline Rebuff
By David Ljunggern, Reuters. Thursday November 10th, 2011
OTTAWA/CALGARY, Nov 10 (Reuters) - Canada will keep promoting crude from the tar sands of northern Alberta as a secure source of energy despite a U.S. decision to delay approval of a pipeline to carry the oil from Alberta to Texas, officials said on Thursday.
The Canadian government and the oil industry have limited options, however, as another controversial proposal to build a pipeline to export tar sands crude to Asian markets is just at the beginning of a lengthy review process.
The U.S. move to put off a decision on TransCanada Corp's proposed $7 billion Keystone XL pipeline for 18 months is a significant blow for Ottawa, which has strongly backed the project. READ MORE HERE.
================
Gains In Edmonton Home Prices No.2 In Country Over Last Decade
Average goes from $124,203 to $328,803 - Still $10,000 off national pace
By Dave Cooper, Edmonton Journal, November 8th 2011
A red-hot economy fuelled unprecedented price appreciation in Edmonton over the last decade, making the city Canada's secondstrongest-performing market - up 165 per cent since 2000, says a report release Monday by Re/Max.
Across Canada, the report says the average value of housing doubled to $339,030 in 2010 from $163,951 a decade earlier.
In Edmonton, the average price of a home climbed from $124,203 in 2000 to $328,803 in 2010, peaking in 2007 at $338,636. FOLLOW THIS ARTICLE
================
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Adversity causes some men to break; others to break records." - William Arthur Ward
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start home-study sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Monday, November 14, 2011
High net worth people are different
I scanned this article today and initially I thought it was obvious. However, if you don't know how to manage your money then having and maintaining a high net worth will be hard. That's why you see lots of celebrities broke after years of making millions and millions of dollars.
"Calgary will and trust lawyer Coady Cormier has spent the past 13 years advising people who are worth more than $1 million on how to best protect that money. Along the way, he has noticed some trends in how that money is managed and the attitudes of the wealthy. Some of the observations are what one might expect."
Here they are:
- frugality
- good at controlling debt
- fewer divorces
- tolerance within couples ie to workaholics
- tendency to not be conspicuous consumers
- review portfolios, wills and insurance every 3 years
- deeper responsibility with financial planning
It's a great article read more HERE
"Calgary will and trust lawyer Coady Cormier has spent the past 13 years advising people who are worth more than $1 million on how to best protect that money. Along the way, he has noticed some trends in how that money is managed and the attitudes of the wealthy. Some of the observations are what one might expect."
Here they are:
- frugality
- good at controlling debt
- fewer divorces
- tolerance within couples ie to workaholics
- tendency to not be conspicuous consumers
- review portfolios, wills and insurance every 3 years
- deeper responsibility with financial planning
It's a great article read more HERE
First Snow in Edmonton
We had the first snow of the winter season over the weekend. It was beautiful to awaken to the fresh dusting that happened quietly while we slept.
The first snow is a great reminder that we'll be seeing this for the next 6 months and the real estate market is going to s-l-o-w down. Less tenants moving, although I did a move on New Year's Eve last year, less buyers looking. Sellers are out there but the prices are reflected in the season.
I've got one beautiful townhouse left to rent for December 1st and plan to have a baby this weekend. Then hope to batten my hatches for the weather, focus on our fine tuning our goals for 2012 and work on streamlining our portfolio.
The first snow is a great reminder that we'll be seeing this for the next 6 months and the real estate market is going to s-l-o-w down. Less tenants moving, although I did a move on New Year's Eve last year, less buyers looking. Sellers are out there but the prices are reflected in the season.
I've got one beautiful townhouse left to rent for December 1st and plan to have a baby this weekend. Then hope to batten my hatches for the weather, focus on our fine tuning our goals for 2012 and work on streamlining our portfolio.
Friday, November 11, 2011
November 11 Veterans and Babies
I never clued in that Remembrance/ Veterans Day was celebrated in the US on the same day we celebrate in Canada. Fallen war heroes are honoured in many countries today Take a look HERE
Another quick Google in my free time - Babies born on November 11, 2011 at 11:11:11. I was hoping to get this delivery date but my little guy isn't complying. Oh well, 11/22/11 is an auspicious date too.
And to round it off things you didn't know about 11/11/11.
Great way to sell a property!
I found this video/ad for an investment property in one of the areas we like to buy in. It's simple and effective.
Take a look HERE
Take a look HERE
Wednesday, November 02, 2011
Forbes ranks Canada #1 Best Country for Business
As an affluent, high-tech industrial society in the trillion-dollar class, Canada resembles the US in its market-oriented economic system, pattern of production, and affluent living standards. Since World War II, the impressive growth of the manufacturing, mining, and service sectors has transformed the nation from a largely rural economy into one primarily industrial and urban. The 1989 US-Canada Free Trade Agreement (FTA) and the 1994 North American Free Trade Agreement (NAFTA) (which includes Mexico) touched off a dramatic increase in trade and economic integration with the US, its principal trading partner.
Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great natural resources, skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007.
Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. During 2010, Canada's economy grew only 3%, due to decreased global demand and a highly valued Canadian dollar. Read More Here
Canada enjoys a substantial trade surplus with the US, which absorbs about three-fourths of Canadian exports each year. Canada is the US's largest foreign supplier of energy, including oil, gas, uranium, and electric power. Given its great natural resources, skilled labor force, and modern capital plant, Canada enjoyed solid economic growth from 1993 through 2007.
Buffeted by the global economic crisis, the economy dropped into a sharp recession in the final months of 2008, and Ottawa posted its first fiscal deficit in 2009 after 12 years of surplus. Canada's major banks, however, emerged from the financial crisis of 2008-09 among the strongest in the world, owing to the financial sector's tradition of conservative lending practices and strong capitalization. During 2010, Canada's economy grew only 3%, due to decreased global demand and a highly valued Canadian dollar. Read More Here
Tuesday, November 01, 2011
Start With Why
Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
November 1st., 2011
Volume 11, Issue 4
Dear Friends and Partners,
I listened to the audio book 'Start With Why' by Simon Sinek last week. It was pretty good. I didn't find it new or groundbreaking, but it was a good refresher. The premise of Simon's book is that all great leaders and companies have a big, clear WHY of what they are doing. This 'Why' attracts other people that identify with it. For example, here at Glenn Simon Inc. we have a catch phrase that reads "Making you successful, one property at a time". Good, clear catchy - if not super original. But the 'why' behind the late hours, long days, relentless management and due diligence resonates more like this… "
Why we created GSI and decided to work with partners is because we like to play with our kids, share a sunny afternoon with our family, travel by tuk-tuk to Denpasar with friends, eat delicious foods, create more time (to do as we like), take pictures, enjoy art, nature, the sky, adventure, grow and regrow our money, write and contribute, sponsor children, give a family a chance to rent or buy a home that they otherwise didn't have, live out loud, connect with cool, like minded, positive people - who are also doing the same, take initiative, take control and nimbly steer our own ship in the direction that resonates with our beliefs." If that Why sounds unstructured, there is a concrete set of business goals that we continually use to measure and match it.
The 'How' is by investing and managing specific pieces of real estate, very carefully. The 'What' we offer is the ability for other folks who find resonance in what we do and whom have their own unique 'Why" get on-board and leverage their time and their money to reach their 'Why'. So, what is your 'Why' and are you living it or on the path to reaching it?
===============
West Central Edmonton: Cashflowing Three-Plex In Inglewood
Turbo charge your portfolio. Legal upgraded 1960 built 3-plex with separate entrance to all units. The main floor is massive with nearly 1900 sqft of beautifully designed space, including 3 bedrooms, dining, kitchen and living room. There are 2 large 1 bedroom self contained suites downstairs. You'll find coin operated laundry on the lower floor and main floor has its own laundry. Both lower suites have their own furnace and are legally built to city code. All suites are well maintained with the main floor having some luxury touches and the basements remaining simple, nice and functional. Outside is professionally landscaped, fenced and complete with parking for 2 cars plus a double detached garage. 20 minutes to U.O.A. and 10 minutes to Grant MacEwan, NAIT and Downtown. This property has good holding value and cash-flow.
Comes complete with great tenants making this a totally turn-key property for you. Convenient West Central area with easy access to transit and downtown. Excellent established neighbourhood featuring many heritage homes; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's developing core.
Produces $ positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $449K Total Investment: $103,498K. Your Estimated 5 Year Profit $54,039.65K. Your pre-tax Total ROI is 52% or 10% per year + $400.64 Cash Flow Every Month
Poised for massive growth. These 3 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Ottawa Announces Details Of $1B Program to Improve Army Light Armoured Vehicles
By The Canadian Press, October 21st, 2011
EDMONTON - A big part of the Canadian army's fleet of light armoured vehicles is getting a billion-dollar makeover to make them tougher, safer and more mobile.
Public Works Minister Rona Ambrose announced details Friday of the plan to upgrade 550 LAV IIIs so they can better withstand deadly roadside bombs and mines.
Ambrose said the $1.06 billion contract awarded to General Dynamics Land Systems-Canada will protect jobs at plants in Edmonton and London, Ont., and with the company's suppliers across the country.
"They will maintain 2,400 jobs across the country. These are very high-value, high-skilled jobs," Ambrose said while standing beside one of the green, 17-tonne vehicles.
"But most importantly, this upgraded equipment will make sure our men and women in uniform are safer on the battlefield." FOLLOW THIS ARTICLE
===============
Harper Sees Keystone Pipeline Prevailing with Jobs Over Nebraska
By Theophilos Argitis and Bradley Olson, Bloomberg, October 23rd 2011.
Canadian Prime Minister Stephen Harper says U.S. approval of Keystone XL, a proposed 1,661-mile pipeline from Alberta to Texas, is a “no brainer” because demand for oil and jobs will overwhelm opposition from Nebraska lawmakers.
“The need for energy in the U.S. is enormous, the alternatives for the U.S. are not good, on every level,” Harper, 52, said in a Bloomberg Television interview. Harper said he’s “confident” the pipeline will be built.
The promise of jobs will outweigh protests over the $7 billion pipeline, the prime minster said in a Sept. 21 interview. At a time when almost one in 10 Americans is unemployed, TransCanada Corp. (TRP) expects to create 20,000 jobs to build the pipeline, Chief Executive Officer Russell Girling told reporters on Oct. 7. Work for suppliers and indirect staff related to Keystone would add 118,000 jobs, according to Michigan Representative Fred Upton, who heads the House Energy and Commerce Committee. READ MORE HERE
================
Surviving and Thriving in a Sustainable Economy
Chris Turner tells stories of cities adopting new power generating methods
By Sheila Pratt, Edmonton Journal, October 22nd 2011
For oil-soaked Albertans, there are some eye-popping moments in Chris Turner's new book, The Leap, a fascinating tour of countries and places already making the transition to a renewable, low-carbon economy.Start with Turner's visit with Harald Muller and Barbara Braun, middle-class urban homeowners in Freiburg, Germany.
Their 10-yearold townhouse operates like a small power generator thanks to a bank of solar panels on the south slope of the roof. That solar energy provides more power than the family needs, so they put it back on the grid and make money on the sale - about $5,000, in fact. It didn't take long to pay off solar panels - he checked their power bills - and it made Turner wonder: Why can't we do that here? GRAB THIS STORY
================
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"When I chased after money, I never had enough. When I got my life on purpose and focused giving of myself and everything that arrived into my life, then I was prosperous." - Abraham/Hicks
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start home-study sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
November 1st., 2011
Volume 11, Issue 4
Dear Friends and Partners,
I listened to the audio book 'Start With Why' by Simon Sinek last week. It was pretty good. I didn't find it new or groundbreaking, but it was a good refresher. The premise of Simon's book is that all great leaders and companies have a big, clear WHY of what they are doing. This 'Why' attracts other people that identify with it. For example, here at Glenn Simon Inc. we have a catch phrase that reads "Making you successful, one property at a time". Good, clear catchy - if not super original. But the 'why' behind the late hours, long days, relentless management and due diligence resonates more like this… "
Why we created GSI and decided to work with partners is because we like to play with our kids, share a sunny afternoon with our family, travel by tuk-tuk to Denpasar with friends, eat delicious foods, create more time (to do as we like), take pictures, enjoy art, nature, the sky, adventure, grow and regrow our money, write and contribute, sponsor children, give a family a chance to rent or buy a home that they otherwise didn't have, live out loud, connect with cool, like minded, positive people - who are also doing the same, take initiative, take control and nimbly steer our own ship in the direction that resonates with our beliefs." If that Why sounds unstructured, there is a concrete set of business goals that we continually use to measure and match it.
The 'How' is by investing and managing specific pieces of real estate, very carefully. The 'What' we offer is the ability for other folks who find resonance in what we do and whom have their own unique 'Why" get on-board and leverage their time and their money to reach their 'Why'. So, what is your 'Why' and are you living it or on the path to reaching it?
===============
West Central Edmonton: Cashflowing Three-Plex In Inglewood
Turbo charge your portfolio. Legal upgraded 1960 built 3-plex with separate entrance to all units. The main floor is massive with nearly 1900 sqft of beautifully designed space, including 3 bedrooms, dining, kitchen and living room. There are 2 large 1 bedroom self contained suites downstairs. You'll find coin operated laundry on the lower floor and main floor has its own laundry. Both lower suites have their own furnace and are legally built to city code. All suites are well maintained with the main floor having some luxury touches and the basements remaining simple, nice and functional. Outside is professionally landscaped, fenced and complete with parking for 2 cars plus a double detached garage. 20 minutes to U.O.A. and 10 minutes to Grant MacEwan, NAIT and Downtown. This property has good holding value and cash-flow.
Comes complete with great tenants making this a totally turn-key property for you. Convenient West Central area with easy access to transit and downtown. Excellent established neighbourhood featuring many heritage homes; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's developing core.
Produces $ positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $449K Total Investment: $103,498K. Your Estimated 5 Year Profit $54,039.65K. Your pre-tax Total ROI is 52% or 10% per year + $400.64 Cash Flow Every Month
Poised for massive growth. These 3 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Ottawa Announces Details Of $1B Program to Improve Army Light Armoured Vehicles
By The Canadian Press, October 21st, 2011
EDMONTON - A big part of the Canadian army's fleet of light armoured vehicles is getting a billion-dollar makeover to make them tougher, safer and more mobile.
Public Works Minister Rona Ambrose announced details Friday of the plan to upgrade 550 LAV IIIs so they can better withstand deadly roadside bombs and mines.
Ambrose said the $1.06 billion contract awarded to General Dynamics Land Systems-Canada will protect jobs at plants in Edmonton and London, Ont., and with the company's suppliers across the country.
"They will maintain 2,400 jobs across the country. These are very high-value, high-skilled jobs," Ambrose said while standing beside one of the green, 17-tonne vehicles.
"But most importantly, this upgraded equipment will make sure our men and women in uniform are safer on the battlefield." FOLLOW THIS ARTICLE
===============
Harper Sees Keystone Pipeline Prevailing with Jobs Over Nebraska
By Theophilos Argitis and Bradley Olson, Bloomberg, October 23rd 2011.
Canadian Prime Minister Stephen Harper says U.S. approval of Keystone XL, a proposed 1,661-mile pipeline from Alberta to Texas, is a “no brainer” because demand for oil and jobs will overwhelm opposition from Nebraska lawmakers.
“The need for energy in the U.S. is enormous, the alternatives for the U.S. are not good, on every level,” Harper, 52, said in a Bloomberg Television interview. Harper said he’s “confident” the pipeline will be built.
The promise of jobs will outweigh protests over the $7 billion pipeline, the prime minster said in a Sept. 21 interview. At a time when almost one in 10 Americans is unemployed, TransCanada Corp. (TRP) expects to create 20,000 jobs to build the pipeline, Chief Executive Officer Russell Girling told reporters on Oct. 7. Work for suppliers and indirect staff related to Keystone would add 118,000 jobs, according to Michigan Representative Fred Upton, who heads the House Energy and Commerce Committee. READ MORE HERE
================
Surviving and Thriving in a Sustainable Economy
Chris Turner tells stories of cities adopting new power generating methods
By Sheila Pratt, Edmonton Journal, October 22nd 2011
For oil-soaked Albertans, there are some eye-popping moments in Chris Turner's new book, The Leap, a fascinating tour of countries and places already making the transition to a renewable, low-carbon economy.Start with Turner's visit with Harald Muller and Barbara Braun, middle-class urban homeowners in Freiburg, Germany.
Their 10-yearold townhouse operates like a small power generator thanks to a bank of solar panels on the south slope of the roof. That solar energy provides more power than the family needs, so they put it back on the grid and make money on the sale - about $5,000, in fact. It didn't take long to pay off solar panels - he checked their power bills - and it made Turner wonder: Why can't we do that here? GRAB THIS STORY
================
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"When I chased after money, I never had enough. When I got my life on purpose and focused giving of myself and everything that arrived into my life, then I was prosperous." - Abraham/Hicks
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start home-study sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Tuesday, October 18, 2011
Alberta's Engine Starting To Purr
Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
October 15th., 2011
Volume 11, Issue 3
Dear Friends and Partners,
It's The Edmonton REIN ACRE event this weekend and it looks like its going to be a great one! I'll be attending a long with 400+ eager investors, both neophytes and veterans alike. There will be the usual solid line up of speakers and plenty of hands on scenarios to put your brain through.
The reason why I think this event will be a particularly good one, is the amount of calls and emails I got. Generally before an Edmonton based event I'll get a few emails and a couple of calls, but for this one the phone was ringing off the hook.
Most folks are newer investors looking to for advice on how to get started, some seasoned investors looking at a less demanding way to invest; JVP prospects and of course, associates and friends looking for a catch up session and chinwag. All are welcome. Hope to see you there too!
South Central Edmonton: Cashflowing Four-Plex In King Edward Park
Turbo charge your portfolio. Legal upgraded 1968 built 4-plex with separate entrance to all units. The three 3 bedroom suites are functionally built, large and open with newer appliances. The fourth 2 bedroom suite has been upgraded with newer kitchen and some laminate, fresh paint and original hardwood. There is a common paid laundry room in basement. The lower units have new paint. There is a small, grassy, fenced yard before the 10 parking stall pad. 15 minutes to U.O.A. and Grey Nuns. 20 minutes to Grant MacEwan and Downtown. Property is located on main road with fast access to Sherwood Park Freeway and on the bus routes. This property has good holding value and cash-flow. It requires some simple cleanup and modernizing (accounted for in purchase) to really make it shine.
Comes complete with great tenants making this a totally turn-key property for you. Convenient Central area with easy access to transit and downtown. Excellent established neighborhood featuring many heritage homes; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's developing core.
Produces $657 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $496K Total Investment: $126K. Your Estimated 5 Year Profit $65K. Your pre-tax Total ROI is 52% or 10% per year + $657 Cash Flow in Your Pocket Every Month
Poised for massive growth. These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Update: Alberta's Jobless Rate Dips 5.4% In September
Province continues to outpace rest of Canada in employment gains with fifth consecutive monthly increase
By Bill Mah, Edmonton Journal, October 7th 2011
EDMONTON - Alberta’s labour market continued to shine in September, gaining 8,600 jobs from August.
The provincial unemployment rate dipped 0.2 percentage points from August to 5.4 per cent, compared with 6.2 per cent in the same month last year.
The drop came even as the pool of people available or looking for work was up 3,500 for the month, according to Statistics Canada figures released Friday. GRAB THIS STORY
===============
Pipeline, Oilsands and Hydro Projects Drive Growth
Look to energy and infrastructure to create jobs: CIBC Economists
By Jeff Lewis, Alberta Oil, September 29th, 2011
Power plant, pipeline and oil sands expansion projects will drive economic growth in Canada as governments attempt to rein in debt and export markets turn sour, two economists at CIBC World Markets say. Investments in power generation, transmission and distribution, plus pipeline and oil sands expansions could create one million jobs between 2010 and 2030, according to a paper released this week by Benjamin Tal and Avery Shenfeld, CIBC deputy chief economist and chief economist, respectively. FOLLOW THIS ARTICLE
===============
Financial Malaise A Crisis of Confidence Multiplied By Three
By Ray Turchansky, Edmonton Journal, October 7th 2011.
TD Bank chief economist Craig Alexander began his recent talk to the Edmonton Chamber of Commerce with a warning.
"This presentation includes graphic charts and illustrations of financial risk, is pessimistic on the outlook, and may not be suitable for all audiences."
Alexander says we're having a crisis of confidence in three areas - the ability of European governments to deal with fiscal and financial problems; the ability of the United States to deal with its deficits; and the sustainability of the global economic recovery, especially that of the U.S.
He says the first crisis, in Europe, began with a flawed launch of the euro, which was done with a common currency, common central bank and common monetary policy, but without a common treasury with a fiscal arrangement of mandatory discipline for the 17 countries. RED MORE HERE
================
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Formal education will make you a living; self education will make you a fortune." - Jim Rohn
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
October 15th., 2011
Volume 11, Issue 3
Dear Friends and Partners,
It's The Edmonton REIN ACRE event this weekend and it looks like its going to be a great one! I'll be attending a long with 400+ eager investors, both neophytes and veterans alike. There will be the usual solid line up of speakers and plenty of hands on scenarios to put your brain through.
The reason why I think this event will be a particularly good one, is the amount of calls and emails I got. Generally before an Edmonton based event I'll get a few emails and a couple of calls, but for this one the phone was ringing off the hook.
Most folks are newer investors looking to for advice on how to get started, some seasoned investors looking at a less demanding way to invest; JVP prospects and of course, associates and friends looking for a catch up session and chinwag. All are welcome. Hope to see you there too!
South Central Edmonton: Cashflowing Four-Plex In King Edward Park
Turbo charge your portfolio. Legal upgraded 1968 built 4-plex with separate entrance to all units. The three 3 bedroom suites are functionally built, large and open with newer appliances. The fourth 2 bedroom suite has been upgraded with newer kitchen and some laminate, fresh paint and original hardwood. There is a common paid laundry room in basement. The lower units have new paint. There is a small, grassy, fenced yard before the 10 parking stall pad. 15 minutes to U.O.A. and Grey Nuns. 20 minutes to Grant MacEwan and Downtown. Property is located on main road with fast access to Sherwood Park Freeway and on the bus routes. This property has good holding value and cash-flow. It requires some simple cleanup and modernizing (accounted for in purchase) to really make it shine.
Comes complete with great tenants making this a totally turn-key property for you. Convenient Central area with easy access to transit and downtown. Excellent established neighborhood featuring many heritage homes; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's developing core.
Produces $657 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $496K Total Investment: $126K. Your Estimated 5 Year Profit $65K. Your pre-tax Total ROI is 52% or 10% per year + $657 Cash Flow in Your Pocket Every Month
Poised for massive growth. These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Update: Alberta's Jobless Rate Dips 5.4% In September
Province continues to outpace rest of Canada in employment gains with fifth consecutive monthly increase
By Bill Mah, Edmonton Journal, October 7th 2011
EDMONTON - Alberta’s labour market continued to shine in September, gaining 8,600 jobs from August.
The provincial unemployment rate dipped 0.2 percentage points from August to 5.4 per cent, compared with 6.2 per cent in the same month last year.
The drop came even as the pool of people available or looking for work was up 3,500 for the month, according to Statistics Canada figures released Friday. GRAB THIS STORY
===============
Pipeline, Oilsands and Hydro Projects Drive Growth
Look to energy and infrastructure to create jobs: CIBC Economists
By Jeff Lewis, Alberta Oil, September 29th, 2011
Power plant, pipeline and oil sands expansion projects will drive economic growth in Canada as governments attempt to rein in debt and export markets turn sour, two economists at CIBC World Markets say. Investments in power generation, transmission and distribution, plus pipeline and oil sands expansions could create one million jobs between 2010 and 2030, according to a paper released this week by Benjamin Tal and Avery Shenfeld, CIBC deputy chief economist and chief economist, respectively. FOLLOW THIS ARTICLE
===============
Financial Malaise A Crisis of Confidence Multiplied By Three
By Ray Turchansky, Edmonton Journal, October 7th 2011.
TD Bank chief economist Craig Alexander began his recent talk to the Edmonton Chamber of Commerce with a warning.
"This presentation includes graphic charts and illustrations of financial risk, is pessimistic on the outlook, and may not be suitable for all audiences."
Alexander says we're having a crisis of confidence in three areas - the ability of European governments to deal with fiscal and financial problems; the ability of the United States to deal with its deficits; and the sustainability of the global economic recovery, especially that of the U.S.
He says the first crisis, in Europe, began with a flawed launch of the euro, which was done with a common currency, common central bank and common monetary policy, but without a common treasury with a fiscal arrangement of mandatory discipline for the 17 countries. RED MORE HERE
================
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Formal education will make you a living; self education will make you a fortune." - Jim Rohn
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Friday, October 14, 2011
Finally some sense
I can never understand why anyone would want oil from the Middle East when safe, friendly Canada has billions of barrels of it. The green argument for me is easily overpowered by the terrorist/ethical argument. With companies like Cenovus and others leading the way in green technology what will happen when the oil sands improve their impact and still produce enough oil to meet North American needs with a bit left over? Anyway Canada and Alberta are doing very well economically now if only we could settle Europe.
Three excellent articles - the comments are always interesting.
Keystone Project would create jobs - boost economy - "While oil and gas are not the only ingredients required for America's energy independence and security, they will be vital to our nation's economic health for decades to come. Today, 60 percent of America's total energy needs depend on oil and natural gas, and more than 95 percent of the energy required to power America's transportation industry comes from oil and gas."
Greens want terror oil in your gas tank - "Although opponents argue the pipeline is inherently dangerous because of potential harm to farms, wildlife and water aquifers as it cuts across Montana, the Dakotas, Nebraska, Kansas, Oklahoma and Texas, in truth, the anti-XL campaign is aimed against expansion of the Alberta oil sands. Environmentalists claim production in the oil sands is contributing to greenhouse gas emissions, destroying the arboreal forests and killing migratory birds. On a recent visit, I saw no evidence of these claims. Indeed, relative to both the geographic and carbon footprints of most onshore and offshore oil production, the Alberta oil sands compare quite favorably."
Former Tory minister touts megaprojects to create jobs, boost economy - "If we are smart about this, we can build out our country, create jobs and still maintain one of the lowest debt-to-GDP ratios in the world. We don't need short-term stimulus spending, we need support for economic infrastructure that creates wealth," former environment minister Jim Prentice
Three excellent articles - the comments are always interesting.
Keystone Project would create jobs - boost economy - "While oil and gas are not the only ingredients required for America's energy independence and security, they will be vital to our nation's economic health for decades to come. Today, 60 percent of America's total energy needs depend on oil and natural gas, and more than 95 percent of the energy required to power America's transportation industry comes from oil and gas."
Greens want terror oil in your gas tank - "Although opponents argue the pipeline is inherently dangerous because of potential harm to farms, wildlife and water aquifers as it cuts across Montana, the Dakotas, Nebraska, Kansas, Oklahoma and Texas, in truth, the anti-XL campaign is aimed against expansion of the Alberta oil sands. Environmentalists claim production in the oil sands is contributing to greenhouse gas emissions, destroying the arboreal forests and killing migratory birds. On a recent visit, I saw no evidence of these claims. Indeed, relative to both the geographic and carbon footprints of most onshore and offshore oil production, the Alberta oil sands compare quite favorably."
Former Tory minister touts megaprojects to create jobs, boost economy - "If we are smart about this, we can build out our country, create jobs and still maintain one of the lowest debt-to-GDP ratios in the world. We don't need short-term stimulus spending, we need support for economic infrastructure that creates wealth," former environment minister Jim Prentice
Friday, October 07, 2011
Upcoming REIN Workshops - Learn HOW to Invest!
October 2011 Alberta REIN™ Workshops
Key Meeting Topics:
The Secrets of the Real Estate Cycle with Greg Head (Calgary Only)
The 7 Most Important Accounting Questions Answered (Edmonton Only)
Landlording Tips for Multi-Family Investing (Calgary Only)
Hot Calgary Neighborhoods with Veteran Investor & Realtor Randy Bett (Calgary Only)
'Tales From the Trenches' with Legal Eagle Barry McGuire (Calgary Only)
An In-Depth Look Of the Oil Sands with Don Thompson, Past President of the Oil Sand Development Group (Edmonton Only)
The Latest Banking News with Peter Kinch
And Much More!
For more details on the Alberta Workshops:
Calgary - Click Here
Edmonton - Click Here
Event Info:
Calgary Workshop
Date: Wednesday October 12th 2011
Location: Red & White Club - 1833 Crowchild Tr. NW
Time: 6:30pm - 10:30pm
Edmonton Workshop
*** (NOTE the different location for this month) ***
Date: Friday October 14th 2011
***Location: Mayfield Inn - 16615 109 Ave***
Time: 6:30pm - 10:30pm
Edmonton ACRE
Date: Saturday October 15th & Sunday October 16th
Location: Mayfield Inn - 16615 109 Ave
Time: 8:30am - 7:00pm
Register for ACRE™ - Click Here
Key Meeting Topics:
The Secrets of the Real Estate Cycle with Greg Head (Calgary Only)
The 7 Most Important Accounting Questions Answered (Edmonton Only)
Landlording Tips for Multi-Family Investing (Calgary Only)
Hot Calgary Neighborhoods with Veteran Investor & Realtor Randy Bett (Calgary Only)
'Tales From the Trenches' with Legal Eagle Barry McGuire (Calgary Only)
An In-Depth Look Of the Oil Sands with Don Thompson, Past President of the Oil Sand Development Group (Edmonton Only)
The Latest Banking News with Peter Kinch
And Much More!
For more details on the Alberta Workshops:
Calgary - Click Here
Edmonton - Click Here
Event Info:
Calgary Workshop
Date: Wednesday October 12th 2011
Location: Red & White Club - 1833 Crowchild Tr. NW
Time: 6:30pm - 10:30pm
Edmonton Workshop
*** (NOTE the different location for this month) ***
Date: Friday October 14th 2011
***Location: Mayfield Inn - 16615 109 Ave***
Time: 6:30pm - 10:30pm
Edmonton ACRE
Date: Saturday October 15th & Sunday October 16th
Location: Mayfield Inn - 16615 109 Ave
Time: 8:30am - 7:00pm
Register for ACRE™ - Click Here
Saturday, October 01, 2011
Things That Keep You Up At Night
Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
October 1st., 2011
Volume 11, Issue 2
Dear Friends and Partners,
"You know those nights when you really NEED a good sleep but your mind is too busy entertaining a nonstop tap dance of worry? I had one of those last night." said my friend Patrice. She looked it too. Big, crate paper creases pocketed her empty, bloodshot eyes. When she attempted to smile, the sides of her mouth mockingly retained the smile shape like a failed claymation doll made by a psychopathic child. I asked what kept my friend up and she said "Well, I can tell you what it wasn't.
It wasn't the new health development project that I'm trying to win a minority bid on. It wasn't my daughter's dental work to remove an impacted tooth and it wasn't that I have to decide between two excellent candidates for a senior position. It was none of that. What really kept me up all night was that I tailgated a driver who cut me off for two blocks, before blasting him with my horn and giving him the finger while passing. He looked backed at me with bewildered eyes as he tried to navigate the road ahead, clearly overwhelmed and frozen in fear. He looked about 87 in that really old way that conjures up a paradox of looking like a child at the same time of being withered and old."
Patrice said she felt like a real b____. The old man may well have been driving recklessly, should possibly have retired from the wheel years ago… but Patrice still felt her actions were wrong. What she felt was the taste of a stinging potent cocktail of guilt and shame served cold with a twist of remorse. We talked more about about worry and what keeps us up at night. Many times it IS the serious matters in life and other times it is the ones we see as trivial. The 'trivial' can often reveal more about ourselves than we think, especially when they have moral implications. For example, you feel right or justified in the decision you made, but somehow compromised one of your values during the delivery.
There are two books that Patrice and I discussed that help put worry in place. One is Dr. De Martini's book 'Count Your Blessings' and the other, Dale Carnegie's 'Stop Worrying and Start Living'. One habit that I've adopted is to make is my 'To do' list before bed for the next day so I can put a lid on the little worries that try to escape me. That way I can rest, knowing that I have a list to tackle the next day. Another help is to practice weighing serious decisions against your set of values. Somethings will be so obvious that your gut instantly knows.
Other decisions may be cloudy and shift through minutia - it's those ones that I take the time to reflect on and see if they align with my higher values. Of course you can't put all worries to bed, but hopefully you can give then some nap time.
===============
South Central Edmonton: Cashflowing 4-plex in King Edward Park
Turbo charge your portfolio. Legal upgraded 1968 built 4-plex with separate entrance to all units. The three 3 bedroom suites are functionally built, large and open with newer appliances. The fourth 2 bedroom suite has been upgraded with newer kitchen and some laminate, fresh paint and original hardwood.
There is a common paid laundry room in basement. The lower units have new paint. There is a small, grassy, fenced yard before the 10 parking stall pad. 15 minutes to U.O.A. and Grey Nuns. 20 minutes to Grant MacEwan and Downtown.
Property is located on main road with fast access to Sherwood Park Freeway and on the bus routes. This property has good holding value and cash-flow. It requires some simple cleanup and modernizing (accounted for in purchase) to really make it shine.
Comes complete with great tenants making this a totally turn-key property for you. Convenient Central area with easy access to transit and downtown. Excellent established neighborhood featuring many heritage homes; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's developing core.
Produces $657 per month positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $496K Total Investment: $126K. Your Estimated 5 Year Profit $65K. Your pre-tax Total ROI is 52% or 10% per year + $657 Cash Flow in Your Pocket Every Month
Poised for massive growth. These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Leveraging Our Greatest Asset
By Gary Lamphier, Edmonton Journal, September 17th 2011
When it comes to commerce, Edmonton is no slouch. This is a city that knows how to make a buck.
As my Journal colleagues have chronicled in this week's Edmonton Inc. series, the city's eclectic business activities contribute well over $150 million in dividends and income to city coffers every year. From power generation and water treatment to waste recycling, real estate, digging tunnels or investing, the city is a key player in the regional economy and beyond. GRAB THIS STORY
===============
Simons: Americans Could Ease Alberta labour Shortage
By Paula Simons, Calgary Herald, September 22nd, 2011
The economic news south of the border is grim. While Alberta has an unemployment rate of roughly five per cent, the U.S. unemployment rate is a little over nine per cent.
That’s only part of the story. California had an August unemployment rate of 12.1 per cent. In Nevada, it’s 13.4 per cent. Florida, Georgia, Rhode Island, Michigan, North and South Carolina — all have double-digit unemployment. Here, our economic issues are the opposite. Some 30 per cent of Albertans work in occupational categories that are already facing labour shortages. We’re shy of everything from long-haul truckers to nurses. FOLLOW THIS ARTICLE
===============
Rental Shortage Drives Up Shelter Use In Calgary
By Carla Ho, Calgary Herald, September 28th 2011
Calgarians make up the majority of the province’s emergency shelter users due to a lack of rental accommodations in the city, according to a new study by the University of Calgary’s School of Public Policy.
“A boom in Calgary, relative to elsewhere, attracts more people to move to Calgary,” said Ron Kneebone, a professor of economics and one of the authors of the study. “What they find when they get here is, there is simply not a large supply of rental accommodations, so they end up homeless and they end up in shelters.” READ MORE HERE
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"If I had my life to live over, I'd perhaps have more actual troubles but I'd have fewer imaginary ones." - Don Herold
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
October 1st., 2011
Volume 11, Issue 2
Dear Friends and Partners,
"You know those nights when you really NEED a good sleep but your mind is too busy entertaining a nonstop tap dance of worry? I had one of those last night." said my friend Patrice. She looked it too. Big, crate paper creases pocketed her empty, bloodshot eyes. When she attempted to smile, the sides of her mouth mockingly retained the smile shape like a failed claymation doll made by a psychopathic child. I asked what kept my friend up and she said "Well, I can tell you what it wasn't.
It wasn't the new health development project that I'm trying to win a minority bid on. It wasn't my daughter's dental work to remove an impacted tooth and it wasn't that I have to decide between two excellent candidates for a senior position. It was none of that. What really kept me up all night was that I tailgated a driver who cut me off for two blocks, before blasting him with my horn and giving him the finger while passing. He looked backed at me with bewildered eyes as he tried to navigate the road ahead, clearly overwhelmed and frozen in fear. He looked about 87 in that really old way that conjures up a paradox of looking like a child at the same time of being withered and old."
Patrice said she felt like a real b____. The old man may well have been driving recklessly, should possibly have retired from the wheel years ago… but Patrice still felt her actions were wrong. What she felt was the taste of a stinging potent cocktail of guilt and shame served cold with a twist of remorse. We talked more about about worry and what keeps us up at night. Many times it IS the serious matters in life and other times it is the ones we see as trivial. The 'trivial' can often reveal more about ourselves than we think, especially when they have moral implications. For example, you feel right or justified in the decision you made, but somehow compromised one of your values during the delivery.
There are two books that Patrice and I discussed that help put worry in place. One is Dr. De Martini's book 'Count Your Blessings' and the other, Dale Carnegie's 'Stop Worrying and Start Living'. One habit that I've adopted is to make is my 'To do' list before bed for the next day so I can put a lid on the little worries that try to escape me. That way I can rest, knowing that I have a list to tackle the next day. Another help is to practice weighing serious decisions against your set of values. Somethings will be so obvious that your gut instantly knows.
Other decisions may be cloudy and shift through minutia - it's those ones that I take the time to reflect on and see if they align with my higher values. Of course you can't put all worries to bed, but hopefully you can give then some nap time.
===============
South Central Edmonton: Cashflowing 4-plex in King Edward Park
Turbo charge your portfolio. Legal upgraded 1968 built 4-plex with separate entrance to all units. The three 3 bedroom suites are functionally built, large and open with newer appliances. The fourth 2 bedroom suite has been upgraded with newer kitchen and some laminate, fresh paint and original hardwood.
There is a common paid laundry room in basement. The lower units have new paint. There is a small, grassy, fenced yard before the 10 parking stall pad. 15 minutes to U.O.A. and Grey Nuns. 20 minutes to Grant MacEwan and Downtown.
Property is located on main road with fast access to Sherwood Park Freeway and on the bus routes. This property has good holding value and cash-flow. It requires some simple cleanup and modernizing (accounted for in purchase) to really make it shine.
Comes complete with great tenants making this a totally turn-key property for you. Convenient Central area with easy access to transit and downtown. Excellent established neighborhood featuring many heritage homes; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's developing core.
Produces $657 per month positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $496K Total Investment: $126K. Your Estimated 5 Year Profit $65K. Your pre-tax Total ROI is 52% or 10% per year + $657 Cash Flow in Your Pocket Every Month
Poised for massive growth. These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Leveraging Our Greatest Asset
By Gary Lamphier, Edmonton Journal, September 17th 2011
When it comes to commerce, Edmonton is no slouch. This is a city that knows how to make a buck.
As my Journal colleagues have chronicled in this week's Edmonton Inc. series, the city's eclectic business activities contribute well over $150 million in dividends and income to city coffers every year. From power generation and water treatment to waste recycling, real estate, digging tunnels or investing, the city is a key player in the regional economy and beyond. GRAB THIS STORY
===============
Simons: Americans Could Ease Alberta labour Shortage
By Paula Simons, Calgary Herald, September 22nd, 2011
The economic news south of the border is grim. While Alberta has an unemployment rate of roughly five per cent, the U.S. unemployment rate is a little over nine per cent.
That’s only part of the story. California had an August unemployment rate of 12.1 per cent. In Nevada, it’s 13.4 per cent. Florida, Georgia, Rhode Island, Michigan, North and South Carolina — all have double-digit unemployment. Here, our economic issues are the opposite. Some 30 per cent of Albertans work in occupational categories that are already facing labour shortages. We’re shy of everything from long-haul truckers to nurses. FOLLOW THIS ARTICLE
===============
Rental Shortage Drives Up Shelter Use In Calgary
By Carla Ho, Calgary Herald, September 28th 2011
Calgarians make up the majority of the province’s emergency shelter users due to a lack of rental accommodations in the city, according to a new study by the University of Calgary’s School of Public Policy.
“A boom in Calgary, relative to elsewhere, attracts more people to move to Calgary,” said Ron Kneebone, a professor of economics and one of the authors of the study. “What they find when they get here is, there is simply not a large supply of rental accommodations, so they end up homeless and they end up in shelters.” READ MORE HERE
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"If I had my life to live over, I'd perhaps have more actual troubles but I'd have fewer imaginary ones." - Don Herold
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Thursday, September 29, 2011
Alberta Population Pops
People are coming to Alberta. If you want a low salary, high unemployment and higher housing costs then you should stay away. As it is Alberta leads with highest salaries, employment and lowest housing costs.
Just today I showed a place to a family from Cape Breton -a father and 3 grown children all moved out here for work. I placed Chinese international students last month into a suite and a guy from Ontario who was transferred by work took a townhouse.
I'm seeing license plates from all provinces out here. It's really obvious that Alberta is a mecca for young skilled labour and those seeking a better quality of life.
Just today I showed a place to a family from Cape Breton -a father and 3 grown children all moved out here for work. I placed Chinese international students last month into a suite and a guy from Ontario who was transferred by work took a townhouse.
I'm seeing license plates from all provinces out here. It's really obvious that Alberta is a mecca for young skilled labour and those seeking a better quality of life.
Saturday, September 24, 2011
The Keystone X-L Pipe Conundrum
Good? Bad? What is your opinion of it? A North to South (Canada to USA route) and a West To East (Across AB and BC to Asia) will definitely improve the size of market and increase production.
Aside from potential environmental impact, which as always needs to be carefully weighed and protected, there is the issue that Peter Lougheed raises about jobs going South. While I can empathize with what he is saying, I wonder if Alberta has the manpower or can import enough well-priced labour to refine its own oil. Last time I checked we are often on the tipping point of a labour shortage.
Is there that much more benefit to refining once the refinery has been built? Remember we do have one new refinery being built now. It looks like a funnel south is a more viable option. Any ideas to add?
Aside from potential environmental impact, which as always needs to be carefully weighed and protected, there is the issue that Peter Lougheed raises about jobs going South. While I can empathize with what he is saying, I wonder if Alberta has the manpower or can import enough well-priced labour to refine its own oil. Last time I checked we are often on the tipping point of a labour shortage.
Is there that much more benefit to refining once the refinery has been built? Remember we do have one new refinery being built now. It looks like a funnel south is a more viable option. Any ideas to add?
Friday, September 23, 2011
Edmonton Hazeldean/Ritchie Cell Phone Tower
If you've ever been to the Mill Creek Ravine you'll know what a beautiful part of Edmonton it is. Ski, hiking, biking and running trails spread over the South Eastern part of Edmonton. The ravine itself is surrounded by tree-lined streets populated by 50's bungalows, schools and modern in-fills. All in all a very desirable area of Edmonton.
Sadly, these areas are being considered for a 6-storey cell tower, right next to a elementary school and a seniors home. The biggest irony there is an perfectly suited industrial area less than 10 blocks away.
We've got some rentals in the area and really, really don't want the cell phone tower. I understand the need for these towers but they should be in industrial areas - absolutely not next to schools in residential areas.
These communities aren't taking it laying down though:
"The proposed 25-metre cell phone tower is an eyesore and should be scrapped, say Hazeldean community members.
"You cannot tell me that a tower is going to be beautiful," said Kisa Mortenson who lives across the street from the site at 96th Street and 71st Avenue. "It's going to be way taller than anything else in the community.
"My children deserve better and so do I," she said.
About 120 people attended a meeting hosted by Rogers Communications and the city at the Hazeldean Community Hall Tuesday night, almost all upset with the proposal.
The tower will be located at the west side of the parking lot of the Good Samaritan Dr. Gerald Zetter Care Centre.
"It's at our cost to have this eyesore in this neighbourhood — to have our property values go down," said Shawn Roder. "You're going to recoup your money by telling people you have better coverage in this area."
The project is not a done deal, said Rogers spokesperson Marina Guy.
"We can decide to maybe change the location if that's possible," she said. "Or put up several smaller cell towers to meet the need."
Rogers has extended the deadline for feedback on the tower.
Last year, residents of the Westmount community successfully fought a cell phone tower proposed near the shopping mall.
Final approval for all cell phone towers is up to Industry Canada."
Watch the CBC coverage here - then go call/contact these people to NO to the Tower!
The ROGERS contact info is as follows:
Carol Robinson - Municipal Relations Specialist
carol.robinson@rci.rogers.com
Tel: 403-730-2627
Rogers Communications
#700, 500-4 Ave SW
Calgary, AB
T2P 2V6
Management at Rogers:
Nadir Mohamed
President and Chief Executive Officer
Rogers Communications Inc.
333 Bloor Street East
Toronto, Ontario
M4W 1G9
Contacts and emails are:
Kerry Diotte, Ward 11 City Councillor Kerry.Diotte@edmonton.ca
Jack Keaschuk, Development Planner, City of Edmonton Jack.Keaschuk@edmonton.ca
Mr. Badruddin Allidina, Spectrum Manager, Industry Canada Badruddin.allidina@ic.gc.ca
Christian Paradis, Minister of Industry Minister.industry@ic.gc.ca
Cathy Raftis, Director of City Wide Planning, Cathy.Raftis@edmonton.ca
Hon. Gene Zwozdesky, Minister of Health and Wellness, edmonton.millcreek@assembly.ab.ca
Sadly, these areas are being considered for a 6-storey cell tower, right next to a elementary school and a seniors home. The biggest irony there is an perfectly suited industrial area less than 10 blocks away.
We've got some rentals in the area and really, really don't want the cell phone tower. I understand the need for these towers but they should be in industrial areas - absolutely not next to schools in residential areas.
These communities aren't taking it laying down though:
"The proposed 25-metre cell phone tower is an eyesore and should be scrapped, say Hazeldean community members.
"You cannot tell me that a tower is going to be beautiful," said Kisa Mortenson who lives across the street from the site at 96th Street and 71st Avenue. "It's going to be way taller than anything else in the community.
"My children deserve better and so do I," she said.
About 120 people attended a meeting hosted by Rogers Communications and the city at the Hazeldean Community Hall Tuesday night, almost all upset with the proposal.
The tower will be located at the west side of the parking lot of the Good Samaritan Dr. Gerald Zetter Care Centre.
"It's at our cost to have this eyesore in this neighbourhood — to have our property values go down," said Shawn Roder. "You're going to recoup your money by telling people you have better coverage in this area."
The project is not a done deal, said Rogers spokesperson Marina Guy.
"We can decide to maybe change the location if that's possible," she said. "Or put up several smaller cell towers to meet the need."
Rogers has extended the deadline for feedback on the tower.
Last year, residents of the Westmount community successfully fought a cell phone tower proposed near the shopping mall.
Final approval for all cell phone towers is up to Industry Canada."
Watch the CBC coverage here - then go call/contact these people to NO to the Tower!
The ROGERS contact info is as follows:
Carol Robinson - Municipal Relations Specialist
carol.robinson@rci.rogers.com
Tel: 403-730-2627
Rogers Communications
#700, 500-4 Ave SW
Calgary, AB
T2P 2V6
Management at Rogers:
Nadir Mohamed
President and Chief Executive Officer
Rogers Communications Inc.
333 Bloor Street East
Toronto, Ontario
M4W 1G9
Contacts and emails are:
Kerry Diotte, Ward 11 City Councillor Kerry.Diotte@edmonton.ca
Jack Keaschuk, Development Planner, City of Edmonton Jack.Keaschuk@edmonton.ca
Mr. Badruddin Allidina, Spectrum Manager, Industry Canada Badruddin.allidina@ic.gc.ca
Christian Paradis, Minister of Industry Minister.industry@ic.gc.ca
Cathy Raftis, Director of City Wide Planning, Cathy.Raftis@edmonton.ca
Hon. Gene Zwozdesky, Minister of Health and Wellness, edmonton.millcreek@assembly.ab.ca
Monday, September 19, 2011
$15 Billion into Alberta from China
This
"Since the end of 2009, China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec) and China National Offshore Oil Corporation (CNOOC) all have made substantial investments in the Canadian energy sector with a particular focus on the Alberta oil sands development. The China Investment Corporation - a $300 billion sovereign wealth fund - opened its first overseas office in Canada early this year and chose Canada for its only energy sector equity investment..."
And This
"These fast-paced investment activities have occurred against the backdrop of a sustained high energy demand forecast from China in the coming years and sluggish prospects for economic recovery in the United States."
Bode well for Alberta.
China isn't the only foreign investor into Alberta but their economic growth and the first $15 Billion is certainly a great start. Read More Here
To read Alberta's economic snapshot for the week of September 17, 2011 GO HERE
"Since the end of 2009, China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec) and China National Offshore Oil Corporation (CNOOC) all have made substantial investments in the Canadian energy sector with a particular focus on the Alberta oil sands development. The China Investment Corporation - a $300 billion sovereign wealth fund - opened its first overseas office in Canada early this year and chose Canada for its only energy sector equity investment..."
And This
"These fast-paced investment activities have occurred against the backdrop of a sustained high energy demand forecast from China in the coming years and sluggish prospects for economic recovery in the United States."
Bode well for Alberta.
China isn't the only foreign investor into Alberta but their economic growth and the first $15 Billion is certainly a great start. Read More Here
To read Alberta's economic snapshot for the week of September 17, 2011 GO HERE
Friday, September 16, 2011
Risk and Rewards for Investors
"Some people see investors as reckless risk-takers, but the one-time lead Dragon in the Den, W. Brett Wilson, has a different impression. Shane Buckingham explains
Risk prevents many ordinary people from acting. Consumed with fear, they dwell only on the potential for failure instead of the potential returns a solid, albeit chancy, investment could produce.
Wilson, who made the bulk of his wealth in the oil and natural gas industry, started investing in real estate about 10 years ago in order to diversify his assets. But unlike his other ventures, his real estate investments aren't too risky. "I see a lot of people trade real estate, but I purchase properties on a buy-and-hold basis. I just like to put it away, so I don't have to spend a lot of time thinking about it. That's partly because I have partners that worry about, but, more importantly, it's because I believe in a long-term hold strategy." Read More
I've watched about 8 episodes of Dragon's Den and I love it. Sometimes I cringe at the pitches that some folks make or worse yet the wrath of some Dragons… Its entertaining and hopefully inspirational. Brett Wilson's new program sounds like it will follow a bit deeper the real 'risk and reward' that you face when you get in the game. Looking forward to this!
Thursday, September 15, 2011
Taking time to sharpen the saw
Alberta Oil Sands Investment Real Estate News®
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
September 15th., 2011
Volume 11, Issue 1
Dear Friends and Partners,
How did you spend your summer? Danielle, Ronan and I took a welcomed break and traveled through the Willmore Wilderness Park in northwestern Alberta. If you haven't been there, it is an awesome 1000 sq. mile section of rugged, wild land north of Jasper Park. We saw black bears, walked in pristine mountain valleys and dipped our toes into the chilly sulfur streams.
The days were hot and long. When we got back to the city we continued on with our home renovations (as well as the Cornerstone suite that we're doing) and gorged on the seemingly endless plump raspberries that our backyard bushes produce. As much as I love my work, I love to take time away and reflect upon it. I shared several balmy summer evening meals outside with a talented artist friend of ours. We also enjoyed a splendid visit with our close Japanese friends Mariko and Koji who flew all the way here to see us.
The change of location and spirited conversation helped me slow down and recharge the batteries. Returning from vacation the first thing I did was to sit down at my desk and write a top Ten Task list. I already had one before I went on holiday, but I was curious to see what my subconscious mind would deem the most important tasks. It was fascinating to see that the tasks remained the same but the order changed. The more creative tasks took priority and when I looked deeper at them, I could see that they held the greater value.
I hope that you came away from your 'holiday' with renewed insight and make a few breaks during your day to reflect and connect to what is important to you.
===============
West Central Edmonton: Cashflowing Three-Plex In Westmount
Turbo charge your portfolio. Upgraded 1948 built 3-plex with separate entrance to all units. 3 stylishly finished suites; One 2 bedroom unit on main, plus one upgraded 650 sqft. 2 bedroom suites down and a very cool 2 bedroom suite on the top floor. The upper suites have laminate, fresh paint and original hardwood. There is a common laundry room in basement. The lower unit has new paint, brand new tub and toilet as well. Lower suite walks out to a private grassy, fenced yard. There is a 2 car detached garage with brand new door and opener bringing in additional revenue. 10 minutes to NAIT, Grant MacEwan and Downtown. Fast access to Yellowhead Highway and on the bus routes. These pictures show the detail and care that went into building this quality home.
Comes complete with great tenants making this a totally turn-key property for you. Convenient Central area with easy access to transit and downtown. Excellent established neighborhood featuring many heritage homes; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's developing core.
Produces $440 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $384K Total Investment: $115K. Your Estimated 5 Year Profit $56K. Your pre-tax Total ROI is 49% or 10% per year + $440 Cash Flow in Your Pocket Every Month
Poised for massive growth. These 3 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Economic Ship Will Stay The Course
Government Focused On Debt Reduction, Financial Minister Says
By Gordon Isfeld and Keith Bonnel Postmedia News, August 20th, 2011
Canada's top financial leaders acknowledged Friday the country's economy is slowing but said they are ready to act if our major trading partners sink back into recession.
Finance Minister Jim Flaherty, appearing at a special parliamentary committee along with Canada's central banker, reiterated his call to "stay the course" and continue to work toward balancing the budget by 2014-15 as the best way to buffer Canada against the impact of a possible global downturn. GRAB THIS STORY
===============
Alberta's Theme Song - Take This Job and Love It
By Lorne Gunter, Calgary Herald, September 8th, 2011
Albertans are the workin'est people in Canada, by a fairly wide margin. And despite our rapidly increasing population (and thus our rapidly expanding workforce) we maintain the highest employment levels in the country and one of the lowest unemployment rates.
In general, this is true of all three Prairie provinces. Some of the old pioneering spirit of self-reliance still seems intact in Saskatchewan and Manitoba, too, along with a healthy dose of Protestant work ethic. FOLLOW THIS ARTICLE
===============
Opening Doors For Older Workers
Medicine Hat News Opinion, Thursday September 1st, 2011
If Alberta's economy grows according to forecast, the province could be facing a shortage of about 77,000 workers in the labour force by 2019.
That means older workers are going to be an increasingly valuable resource in the coming years. Some of them might not feel valuable if they've been victims of downsizing in the past few years as businesses struggled with economic difficulties. Fortunately, a new program launched in Lethbridge this summer is helping mature workers discover new paths back into the workforce. READ MORE HERE
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Diligence is the mother of good fortune." - Benjamin Disraeli
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Glenn Simon Inc., Suite 1217, 5328 Calgary Trail NW, Edmonton, Alberta, Canada. Tel 1-888-780-5940 Fax 1-888-276-4517
www.glennsimoninc.com email: info@glennsimoninc.com
September 15th., 2011
Volume 11, Issue 1
Dear Friends and Partners,
How did you spend your summer? Danielle, Ronan and I took a welcomed break and traveled through the Willmore Wilderness Park in northwestern Alberta. If you haven't been there, it is an awesome 1000 sq. mile section of rugged, wild land north of Jasper Park. We saw black bears, walked in pristine mountain valleys and dipped our toes into the chilly sulfur streams.
The days were hot and long. When we got back to the city we continued on with our home renovations (as well as the Cornerstone suite that we're doing) and gorged on the seemingly endless plump raspberries that our backyard bushes produce. As much as I love my work, I love to take time away and reflect upon it. I shared several balmy summer evening meals outside with a talented artist friend of ours. We also enjoyed a splendid visit with our close Japanese friends Mariko and Koji who flew all the way here to see us.
The change of location and spirited conversation helped me slow down and recharge the batteries. Returning from vacation the first thing I did was to sit down at my desk and write a top Ten Task list. I already had one before I went on holiday, but I was curious to see what my subconscious mind would deem the most important tasks. It was fascinating to see that the tasks remained the same but the order changed. The more creative tasks took priority and when I looked deeper at them, I could see that they held the greater value.
I hope that you came away from your 'holiday' with renewed insight and make a few breaks during your day to reflect and connect to what is important to you.
===============
West Central Edmonton: Cashflowing Three-Plex In Westmount
Turbo charge your portfolio. Upgraded 1948 built 3-plex with separate entrance to all units. 3 stylishly finished suites; One 2 bedroom unit on main, plus one upgraded 650 sqft. 2 bedroom suites down and a very cool 2 bedroom suite on the top floor. The upper suites have laminate, fresh paint and original hardwood. There is a common laundry room in basement. The lower unit has new paint, brand new tub and toilet as well. Lower suite walks out to a private grassy, fenced yard. There is a 2 car detached garage with brand new door and opener bringing in additional revenue. 10 minutes to NAIT, Grant MacEwan and Downtown. Fast access to Yellowhead Highway and on the bus routes. These pictures show the detail and care that went into building this quality home.
Comes complete with great tenants making this a totally turn-key property for you. Convenient Central area with easy access to transit and downtown. Excellent established neighborhood featuring many heritage homes; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's developing core.
Produces $440 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $384K Total Investment: $115K. Your Estimated 5 Year Profit $56K. Your pre-tax Total ROI is 49% or 10% per year + $440 Cash Flow in Your Pocket Every Month
Poised for massive growth. These 3 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, financial analysis, professional inspection, insurance, financing set-up, legal fees, basic accounting, reserve fund, CMA, bi-annual statements, strategic market planning to ensure successful entry and exit, plus much more!
===============
Economic Ship Will Stay The Course
Government Focused On Debt Reduction, Financial Minister Says
By Gordon Isfeld and Keith Bonnel Postmedia News, August 20th, 2011
Canada's top financial leaders acknowledged Friday the country's economy is slowing but said they are ready to act if our major trading partners sink back into recession.
Finance Minister Jim Flaherty, appearing at a special parliamentary committee along with Canada's central banker, reiterated his call to "stay the course" and continue to work toward balancing the budget by 2014-15 as the best way to buffer Canada against the impact of a possible global downturn. GRAB THIS STORY
===============
Alberta's Theme Song - Take This Job and Love It
By Lorne Gunter, Calgary Herald, September 8th, 2011
Albertans are the workin'est people in Canada, by a fairly wide margin. And despite our rapidly increasing population (and thus our rapidly expanding workforce) we maintain the highest employment levels in the country and one of the lowest unemployment rates.
In general, this is true of all three Prairie provinces. Some of the old pioneering spirit of self-reliance still seems intact in Saskatchewan and Manitoba, too, along with a healthy dose of Protestant work ethic. FOLLOW THIS ARTICLE
===============
Opening Doors For Older Workers
Medicine Hat News Opinion, Thursday September 1st, 2011
If Alberta's economy grows according to forecast, the province could be facing a shortage of about 77,000 workers in the labour force by 2019.
That means older workers are going to be an increasingly valuable resource in the coming years. Some of them might not feel valuable if they've been victims of downsizing in the past few years as businesses struggled with economic difficulties. Fortunately, a new program launched in Lethbridge this summer is helping mature workers discover new paths back into the workforce. READ MORE HERE
===============
I appreciate all your calls and emails. I'm looking forward to helping you with your next step towards building real wealth.
Your success continues EVERYDAY, let me help you build for tomorrow.
"Diligence is the mother of good fortune." - Benjamin Disraeli
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
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