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?
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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 $ 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!
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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
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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
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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
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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.
"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
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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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