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.
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