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.
5 comments:
Growing raspberry bushes in your garden is something! I love raspberries! :D Anyway, the West Central Edmonton property is amazing! I love the interior and the ambiance with those beautiful lights. :)
A straight forward article for investing and entering in real estate business. Find it so informative, Right way for investors. Property for sale
Hi Minerva, Sadly I don't like raspberries as much as the boys do. I do love Saskatoon berries which grow wild in Alberta.
The 3plex is amazing and in a great area!
Thanks for stopping by.
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.
Good article and a nice summation of the problem. My only problem with the analysis is given that much of the population joined the chorus of deregulatory mythology given vested interest is inclined toward perpetuation of the current system and given a lack of a popular cheerleader for your arguments I'm not seeing much in the way of change.
duvet covers
Post a Comment