Edmonton Real Estate Investor: October 2011

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!

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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

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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

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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

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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.

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

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

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.

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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

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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

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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

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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.