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
March 1st., 2012
Volume 12, Issue 1
Dear Friends and Partners,
Did you use Leap Day to your advantage? I've never thought much of this extra day that comes once every 4 years. The concept of adding a leap year in the calendar was introduced by the Egyptians. This was mainly because the solar calendar and the man-made calendar didn't match. Fair enough, just like we have Daylight Savings time in Canada.
But look at this sneaky trick that was played on the Jamaicans; Explorer Christopher Columbus used the lunar eclipse of 29 February 1504 to his advantage during his final trip to the West Indies. After several months of being stranded with his crew on the island of Jamaica, relations with the indigenous population broke down and they refused to continue helping with food and provisions. Columbus, knowing a lunar eclipse was due, consulted his almanac and then gathered the native chiefs on 29 February. He told that God was to punish them by painting the Moon red. During the eclipse, he said that God would withdraw the punishment if they starting co-operating again. The panicked chiefs agreed and the Moon began emerging from its shadow. I guess you could argue that Chris Columbus was using all of his devices to save his skin.
I was curious to see who else was using Leap Year to their advantage in these modern times, and it turned out to be Disneyland. They had an explosive 24 hour event that was a massive success proving that crowds would line up at 10PM to ride all night long in the Magic Kingdom. Maybe you advertised a Leap Year special, offered a free training event or a special rental incentive for all leases signed or renewed on the 29th day of February? If you're able to offer something fun, new and helpful to folks, some will seize the opportunity - that's how we filled three suites yesterday ;)
South West Edmonton: Cashflowing Two-Suiter in Queen Alexandra
Turbo charge your portfolio. Upgraded 1948 built legal 2-plex with separate entrance to lower suite. 2 stylishly finished suites; 1345 sqft upper 4 bedroom unit with beautiful laminate, plus a spacious 2 bedroom 900 sqft. suite down. The upper suite has newer windows, electric fireplace, fresh paint and appliances. There is a common laundry room in basement too. The lower unit has new paint, windows, insulation and some newer appliances. Lower suite walks out to a shared fenced yard. There is a 2 car detached garage with automatic door and opener, bringing in additional revenue. 5 minutes to U.O.A., 20 mins to NAIT, Grant MacEwan and Downtown. Fast access to the Whitemud, Whyte Ave. 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 South West 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 trendy University area.
Produces $242 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $350K Total Investment: $82.3K. Your Estimated 5 Year Profit $42.4K. Your pre-tax Total ROI is 51% or 10.2% per year + $242 Cash Flow in Your Pocket Every Month
Poised for massive growth. These 2 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: impeccable tenant selection, 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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Economic and Political Power Shifting West
By Post Media News. February 17th 2012
To see the country moving West, you have only to board a flight from Montreal to Calgary and hear almost nothing but French spoken in the waiting area at the gate.
On a full Air Canada flight on a weekday in mid-February, these Quebecers weren’t going to Calgary for the Stampede, or to Banff to ski.
They were going to work in the oilpatch, where a person with a skilled trade — an electrician or a welder — makes well over $100,000 a year. It’s the same in Alberta’s housing industry, which is clamouring for carpenters and plumbers. READ MORE HERE
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Share Oilsands Supply Chain To Fight Shortages
Pooling Resources
By Christine Dobby, Financial Post. February 17th 2012
Known for its dramatic swings, the Alberta oil sands labour market is booming again.
Investments in the industry hit $20.7-billion in 2008 before stalling along with the global economy and slipping to $10.6-billion the following year, according to Statistics Canada.
But that number is steadily climbing, with $11.2-billion invested in 2010 and an estimated $14.3-billion last year.
Production of the non-conventional resource is projected to hit 2.4 million barrels per day (bpd) by 2014-15, up from 1.61 million bpd in 201011, according to the Alberta government's 2012 budget. GRAB THIS STORY
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CMHC Predicts Stable Canadian Housing Market
By Angela Mullholland, CTV News, February 13th, 2012
Canada's housing market will remain stable for at least two more years, Canada Mortgage and Housing Corp. predicted Monday, with the expected slow growth in the economy keeping house prices in check.
CMHC, the Crown corporation that insures Canadian mortgages, expects little change during 2012 in prices and sales of existing homes, as well as little change in new home construction.
Mathieu Laberge, deputy chief economist at the agency, says low interest rates will keep buyers buying, but the slow economy will put a damper on any price hikes.
"With the Canadian economy set to expand at a moderate pace and mortgage rates expected to remain low, activity levels in 2012 in both new home construction and sales of existing homes will stay close to levels seen in 2011," Laberge said in a CMHC statement. 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.
"Winning takes talent, to repeat takes character.." -John Wooden
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 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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