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.
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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!
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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
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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.
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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
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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.
"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.
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