If you thought that real estate education events couldn’t possibly be both fun AND informative, then you’ve got to come out and join REIN™ as they host one of Ontario’s most compelling real estate investment weekend of the year!
Field Trip - On Friday June 15th, REIN™ will be loading up a convoy of motor coaches with both Members and Guests, and touring a few hand-picked areas of the GTA for a closer look at some of the region’s better-performing investment neighbourhoods. We’ll be paying particular attention to prices, rents, tenant profiles, job growth, and infrastructure improvements in these areas – so that you’ll know exactly what to look for when considering your own investment property. If you like learning in a fun, informal, and social environment, then Click Here to reserve your seat on the bus!
Raising Capital - Then, plan to join REIN™ and our panel of experts as we spend a full day uncovering the solution to the single most common challenge that real estate investors face; “I don’t have enough money to start/grow my portfolio!” This is a not-to-be-missed event, since every investor needs to learn how to raise other people’s money, whether it’s $50k for the next downpayment, or $500k to get you and your partners into a multi-family deal. Click here to find out how you can attend this event, scheduled for the International Centre on Saturday, June 16th. Click here to find out more
Friday, May 18, 2012
Tuesday, May 15, 2012
Temper the Boom
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
May 15th., 2012
Volume 12, Issue 6
Dear Friends and Partners,
As the economy heats up in the West we’re seeing more ‘good news stories’. And it’s long overdue that we share these stories. However, it’s important to temper every up cycle with cautions that often get thrown aside during a growth spurt. In Alberta, oil and energy still play a major role to our economy. The diversification that we have in the Alberta market is well distributed in many sub categories from nanotechnology to healthcare, from agriculture to manufacturing.
These economies will grow tremendously over the next 30 years and will give Alberta a much more even keel when we enter the down cycles. Nonetheless, the Keystone pipeline and the Kitamat pipeline are important issues to consider as this growth cycle takes hold, as are mortgage rates. There is a great opportunity to position yourself with stress-tested revenue properties and buy right for the next 5-7-10-20 year cycles.
A mortgage stress test is when you run a series of scenarios of how your property will perform when rates increase and if rents drop. This helps you manage and mitigate potential ups and downs that will occur when the market softens. Buy right, buy now, manage well and have a clear exit strategy and you can take advantage of this next cycle which is forecasted to be steady and more balanced than the last one – but not without its challenges.
If you have specific questions about building, managing or exiting a revenue property portfolio, email our office and we can schedule a time to discuss.
===============
West Central Edmonton: Cashflow 4Unit
Turbo charge your portfolio. Upgraded 1978 built 4-plex with separate entrance to lower suites. 2 stylishly finished 3 bedroom upper suites with tall, newer cathedral windows. 2 upgraded, 2 bedroom 900 sqft lower suites. All suites are carpeted and feature en-suite laundry. The upper suites have dishwashers and some ceramic tile in kitchens. There is a shared fenced yard and a 4 car detached garage with automatic door and opener, bringing in additional revenue. Some upgrades include newer roof and HWT. 10 minutes to NAIT, Grant MacEwan and Downtown. Fast access to the Yellowhead and 137th Ave., and on the bus routes. These pictures show the detail and care that went into building this quality property.
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. Established neighborhood featuring strong rental base; 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 improving downtown area.
Produces $913 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $630K Total Investment: $151K. Your Estimated 5 Year Profit $112K. Your pre-tax Total ROI is 73% or 14% per year + $913 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: 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!
=========================
Farmers Looking To Cash In On Surging Demand
By Carry Tate, Globe and Mail, May 13th 2012
Beyond the oil patch, Canada’s West has China to thank for its economic prosperity. The Asian giant is gobbling up grains and oilseeds at an enormous pace, helping push prices sky high.
Hoping prices will remain strong, farmers are now aggressively planting the next crops to cash in on the surging demand.
But the planting frenzy has some agriculture experts worried. If the harvest proves bountiful, prices could be set for a big tumble.
In Canada, farmers are expected to plant a record canola crop, which would be the industry’s sixth consecutive record canola crop. This comes after the oilseed flirted with record prices a few weeks ago. Soybean acreage is forecast to set a new high, and Ontario farmers are on track to break their 1981 corn-for-grain record, according to Statistics Canada’s March farm survey. GRAB THIS STORY
===============
Alberta Leads Economic Way: Report
By Mario Toneguzzi, Calgary Herald, May 3rd 2012
CALGARY — Alberta’s economy significantly outperformed the national average in 2011, as rising oil production fuelled 5.2 per cent real GDP growth, according to the Provincial Monitor report released Thursday by BMO Economics.
The report said the province should remain atop the Canadian leaderboard this year, with growth running 1.5 percentage points above the national average at 3.4 per cent.
“The energy sector continues to drive growth in the province, with oil production up 9.8 per cent in 2011 despite some temporary disruptions,” said Robert Kavcic, economist with BMO Capital Markets, in a statement. “Crude bitumen production rose 12 per cent, and the province is expecting growth of more than 10 per cent annualized in the next three years.” READ MORE HERE
===============
West Coast Pipeline Key To Canada's Interests, Economist Says.
By Dave Cooper, Edmonton Journal, May 9th 2012
EDMONTON — With Alberta’s Western Canadian Select crude trading at $30 a barrel less than world oil prices, Canada must build a new pipeline to the West Coast for the sake of its economic health, says Scotiabank economist Patricia Mohr.
“Imagine the cost to the economy. We have a lot of congestion (at Cushing, Okla.) and are overly reliant on U.S. Midwest refineries. If they go down there is no where for the crude to go,” Mohr told the Canadian Institute of Mining, Metallurgy and Petroleum national conference on Wednesday.
To paint a picture of how important oil has become to the Canadian economy, Mohr presented her team’s latest export estimates. FOLLOW THIS ARTICLE
===============
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.
"Believe it can be done. When you believe something can be done, really believe, your mind will find the ways to do it. Believing a solution paves way to solution." -David Joseph Schwartz
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 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
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
May 15th., 2012
Volume 12, Issue 6
Dear Friends and Partners,
As the economy heats up in the West we’re seeing more ‘good news stories’. And it’s long overdue that we share these stories. However, it’s important to temper every up cycle with cautions that often get thrown aside during a growth spurt. In Alberta, oil and energy still play a major role to our economy. The diversification that we have in the Alberta market is well distributed in many sub categories from nanotechnology to healthcare, from agriculture to manufacturing.
These economies will grow tremendously over the next 30 years and will give Alberta a much more even keel when we enter the down cycles. Nonetheless, the Keystone pipeline and the Kitamat pipeline are important issues to consider as this growth cycle takes hold, as are mortgage rates. There is a great opportunity to position yourself with stress-tested revenue properties and buy right for the next 5-7-10-20 year cycles.
A mortgage stress test is when you run a series of scenarios of how your property will perform when rates increase and if rents drop. This helps you manage and mitigate potential ups and downs that will occur when the market softens. Buy right, buy now, manage well and have a clear exit strategy and you can take advantage of this next cycle which is forecasted to be steady and more balanced than the last one – but not without its challenges.
If you have specific questions about building, managing or exiting a revenue property portfolio, email our office and we can schedule a time to discuss.
===============
West Central Edmonton: Cashflow 4Unit
Turbo charge your portfolio. Upgraded 1978 built 4-plex with separate entrance to lower suites. 2 stylishly finished 3 bedroom upper suites with tall, newer cathedral windows. 2 upgraded, 2 bedroom 900 sqft lower suites. All suites are carpeted and feature en-suite laundry. The upper suites have dishwashers and some ceramic tile in kitchens. There is a shared fenced yard and a 4 car detached garage with automatic door and opener, bringing in additional revenue. Some upgrades include newer roof and HWT. 10 minutes to NAIT, Grant MacEwan and Downtown. Fast access to the Yellowhead and 137th Ave., and on the bus routes. These pictures show the detail and care that went into building this quality property.
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. Established neighborhood featuring strong rental base; 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 improving downtown area.
Produces $913 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $630K Total Investment: $151K. Your Estimated 5 Year Profit $112K. Your pre-tax Total ROI is 73% or 14% per year + $913 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: 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!
=========================
Farmers Looking To Cash In On Surging Demand
By Carry Tate, Globe and Mail, May 13th 2012
Beyond the oil patch, Canada’s West has China to thank for its economic prosperity. The Asian giant is gobbling up grains and oilseeds at an enormous pace, helping push prices sky high.
Hoping prices will remain strong, farmers are now aggressively planting the next crops to cash in on the surging demand.
But the planting frenzy has some agriculture experts worried. If the harvest proves bountiful, prices could be set for a big tumble.
In Canada, farmers are expected to plant a record canola crop, which would be the industry’s sixth consecutive record canola crop. This comes after the oilseed flirted with record prices a few weeks ago. Soybean acreage is forecast to set a new high, and Ontario farmers are on track to break their 1981 corn-for-grain record, according to Statistics Canada’s March farm survey. GRAB THIS STORY
===============
Alberta Leads Economic Way: Report
By Mario Toneguzzi, Calgary Herald, May 3rd 2012
CALGARY — Alberta’s economy significantly outperformed the national average in 2011, as rising oil production fuelled 5.2 per cent real GDP growth, according to the Provincial Monitor report released Thursday by BMO Economics.
The report said the province should remain atop the Canadian leaderboard this year, with growth running 1.5 percentage points above the national average at 3.4 per cent.
“The energy sector continues to drive growth in the province, with oil production up 9.8 per cent in 2011 despite some temporary disruptions,” said Robert Kavcic, economist with BMO Capital Markets, in a statement. “Crude bitumen production rose 12 per cent, and the province is expecting growth of more than 10 per cent annualized in the next three years.” READ MORE HERE
===============
West Coast Pipeline Key To Canada's Interests, Economist Says.
By Dave Cooper, Edmonton Journal, May 9th 2012
EDMONTON — With Alberta’s Western Canadian Select crude trading at $30 a barrel less than world oil prices, Canada must build a new pipeline to the West Coast for the sake of its economic health, says Scotiabank economist Patricia Mohr.
“Imagine the cost to the economy. We have a lot of congestion (at Cushing, Okla.) and are overly reliant on U.S. Midwest refineries. If they go down there is no where for the crude to go,” Mohr told the Canadian Institute of Mining, Metallurgy and Petroleum national conference on Wednesday.
To paint a picture of how important oil has become to the Canadian economy, Mohr presented her team’s latest export estimates. FOLLOW THIS ARTICLE
===============
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.
"Believe it can be done. When you believe something can be done, really believe, your mind will find the ways to do it. Believing a solution paves way to solution." -David Joseph Schwartz
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 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
Mother's Day
I had such a great Mother's Days with all the boys. When asked what I wanted I had a stroke of genius and said I wanted my car cleaned. My car isn't quite a garbage dump but you can certainly find a few cupcake wrappers and a lot of crumbs without too vigorous a search. We all got at it and my car looked great after.I was treated to breakfast, lunch and even dinner and got a beautiful dwarf pine for the front of my "goth" house. We topped the day hanging outside eating Crave Cupcakes while watching Ronan run through the sprinkler.
Perfection.
Saturday, May 12, 2012
Real Estate Riches
I forgot that we contributed to this book until a friend mentioned that we were in it. Check us out on page 118 Take a look here
Tuesday, May 08, 2012
Dogs, dogs, dogs.
Do you rent to them? Not dogs directly but the people that own them? I'm starting to have reservations. Of course finding a niche and making it your own can help increase your rents or fees you charge thus increasing income. However, is the pet fee you take or the slightly increased rent you charge worth the post Rover clean up?How about this:
"This flooring is damaged beyond repair by a large dog. Pets such as dogs and cats can cause significant damage to a house, such as scratching, clawing, spraying, defecation and urination. Pets can generate allergens in persons sensitive to pet dander, fur, etc. Carpeted floors may need removal; hardwood floors may be permanently stained or damaged requiring repair, refinishing or replacement. Masonry floor surfaces may require chemical cleaning, neutralizing odors, and the application of a sealer to control odors. Pets can cause flea infestation in carpets and furniture and house requiring fumigation." Ace Home Inspection Inc.
Is that about $250 in the non-refundable pet fee or $50 more per month in rent? Try a few thousand dollars. I had to Ozone a townhouse to remove the smell of cat urine it cost about $1800.
I live by an off leash dog area and hear all the time - "My dog is friendly he won't bite anyone!" Only to have to grab my toddler out of the way as the dog jumps repeatedly on his back. I also got bit by a "friendly dog". My point if your tenant's dog is as quiet, old perfect as the tenants say then great! If not be prepared for some big bills or lots of diligence on your part to limit the damage.
Thursday, May 03, 2012
This and That
I've been so busy with numerous jobs that I haven't had a chance to post other than the newsletter. Added to this is the still wonky schedule of a newborn. I'm not getting much exercise and that may be why my brain is working as well as it should. Everyone knows the pitfalls of sleep deprivation but maybe being stuck at a desk all day brings down brain function as well. Read More Here
Mortgage rates are still at an incredible low and banks are vying for you to go with them by offering some good deals. Read about the 10 year rate which allows you to lock in to a great rate for the long term. Definitely a savvy move! Click here to read more
Not really new news - oilsand's projects valued in hundreds of billions of dollars to the Alberta economy. Jump
Edmonton gets an A- from EEDC
"Edmonton has a remarkable economic story. In 2011, our economy grew and showed momentum, and we are poised for a bright future," says Gilbertson. "Combine that with our quality of life, we are well on our way to becoming recognized as one of the world's top mid-sized cities." Read More
Mortgage rates are still at an incredible low and banks are vying for you to go with them by offering some good deals. Read about the 10 year rate which allows you to lock in to a great rate for the long term. Definitely a savvy move! Click here to read more
Not really new news - oilsand's projects valued in hundreds of billions of dollars to the Alberta economy. Jump
Edmonton gets an A- from EEDC
"Edmonton has a remarkable economic story. In 2011, our economy grew and showed momentum, and we are poised for a bright future," says Gilbertson. "Combine that with our quality of life, we are well on our way to becoming recognized as one of the world's top mid-sized cities." Read More
Tuesday, May 01, 2012
Mixed Messages
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
May 2nd., 2012
Volume 12, Issue 5
Dear Friends and Partners,
My family and I were enjoying a BBQ two Sundays ago. The weather was perfect, the grass was staring to green and the smell of grilled squid and beef sirloin filled our backyard. My son was having a great time running around and was clearly excited by the cooking action. I asked him a question..
Me: "Why do you like BBQ's?"
My son: "Because they're hot and you get fired up and die."
His answer was pretty awesome and we all busted a gut laughing and we realized that sometimes the message gets through, but garbled. I had explained how BBQs work and the dangers of playing near one. I also shared the benefits of the cooking style and why we like to cook outside. He got the main message and put his own spin on it, as we often do.
So, what's the message in the Edmonton market? The real estate market is heating up and lots of properties are coming on but not all with good value. I have been screening 20+ a week and viewing anywhere from 3-5.
There may be some sizzle and there is definitely a lot of fat. You have to sift through the wieners to find the fillet, without getting burned.
Get out there and buy selectively with low rates, a healthy economic outlook and good value - you have an excellent opportunity to build or add to your portfolio now.
===============
West Central Edmonton: Cashflow 4Unit
Turbo charge your portfolio. Upgraded 1978 built 4-plex with separate entrance to lower suites. 2 stylishly finished 3 bedroom upper suites with tall, newer cathedral windows. 2 upgraded, 2 bedroom 900 sqft lower suites. All suites are carpeted and feature en-suite laundry. The upper suites have dishwashers and some ceramic tile in kitchens. There is a shared fenced yard and a 4 car detached garage with automatic door and opener, bringing in additional revenue. Some upgrades include newer roof and HWT. 10 minutes to NAIT, Grant MacEwan and Downtown. Fast access to the Yellowhead and 137th Ave., and on the bus routes. These pictures show the detail and care that went into building this quality property.
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. Established neighborhood featuring strong rental base; 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 improving downtown area.
Produces $913 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $630K Total Investment: $151K. Your Estimated 5 Year Profit $112K. Your pre-tax Total ROI is 73% or 14% per year + $913 Cash Flow
Poised for massive growth. These 4 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!
=========================
Alberta's Economic Boom is Back
Province Leads Country in Growth in 2011
By Mario Toneguzzi, Calgary Herald, April 27, 2012
CALGARY — Alberta topped all Canadian provinces in 2011 with the strongest economic performance, according to Statistics Canada.
The federal agency reported Friday that real domestic product advanced 5.2 per cent in 2011 after a 3.3 per cent increase in 2010.
It was the highest economic growth rate in Alberta since 6.2 per cent in 2006.
Douglas Porter, deputy chief economist with BMO Capital Markets, said the growth rate for 2011 was above and beyond what BMO estimated.
“It’s not a complete shock given some of the other indicators we’ve seen recently. The province is leading the rest of the country by a country-mile in terms of job growth recently and we’re seeing an echo of that in retail sales as well,” he said. “What’s driving it? Simply put is the strength in oil prices and the rapid rise in production in the province and alongside of that we’re seeing large population inflows into the province.”
Is it safe to say the boom is back? GRAB THIS STORY
===============
New Fashion Retailers Hiring, Apple Store Expanding
By Bill Mah, Edmonton Journal, April 30, 2012
EDMONTON - Tag is the latest retailer opening in Edmonton as the region continues to attract expanding Canadian and foreign chains.
The Montreal-based company is opening its first western Canadian store in the former Future Shop location at Calgary Trail and 34th Avenue. The Tag store is expected to open at the end of June or beginning of July, said spokeswoman Laurie Murphy.
Tag stores sell women’s, men’s and children’s fashion and outerwear and housewares. There are locations in Montreal, London, Ont., Hamilton and Dartmouth. READ MORE HERE
===============
Ewart: Business As Usual For Oilpatch After Tory Win
By Stephen Ewart, Calgary Herald. April 25, 2012
With a divisive election campaign over in Alberta, it's time to get back to business as usual for the oil and gas industry.
The four-decade-old Progressive Conservative dynasty was able to survive a staunch challenge from the political right and endured Monday as Premier Alison Redford delivered a 12th consecutive majority government for her party.
Despite some election night drama - Energy Minister Ted Morton lost his seat - it is essentially status quo for the oilpatch. FOLLOW THIS ARTICLE
===============
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.
"Management is doing things right; leadership is doing the right things." - Peter Drucker
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 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
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
May 2nd., 2012
Volume 12, Issue 5
Dear Friends and Partners,
My family and I were enjoying a BBQ two Sundays ago. The weather was perfect, the grass was staring to green and the smell of grilled squid and beef sirloin filled our backyard. My son was having a great time running around and was clearly excited by the cooking action. I asked him a question..
Me: "Why do you like BBQ's?"
My son: "Because they're hot and you get fired up and die."
His answer was pretty awesome and we all busted a gut laughing and we realized that sometimes the message gets through, but garbled. I had explained how BBQs work and the dangers of playing near one. I also shared the benefits of the cooking style and why we like to cook outside. He got the main message and put his own spin on it, as we often do.
So, what's the message in the Edmonton market? The real estate market is heating up and lots of properties are coming on but not all with good value. I have been screening 20+ a week and viewing anywhere from 3-5.
There may be some sizzle and there is definitely a lot of fat. You have to sift through the wieners to find the fillet, without getting burned.
Get out there and buy selectively with low rates, a healthy economic outlook and good value - you have an excellent opportunity to build or add to your portfolio now.
===============
West Central Edmonton: Cashflow 4Unit
Turbo charge your portfolio. Upgraded 1978 built 4-plex with separate entrance to lower suites. 2 stylishly finished 3 bedroom upper suites with tall, newer cathedral windows. 2 upgraded, 2 bedroom 900 sqft lower suites. All suites are carpeted and feature en-suite laundry. The upper suites have dishwashers and some ceramic tile in kitchens. There is a shared fenced yard and a 4 car detached garage with automatic door and opener, bringing in additional revenue. Some upgrades include newer roof and HWT. 10 minutes to NAIT, Grant MacEwan and Downtown. Fast access to the Yellowhead and 137th Ave., and on the bus routes. These pictures show the detail and care that went into building this quality property.
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. Established neighborhood featuring strong rental base; 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 improving downtown area.
Produces $913 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $630K Total Investment: $151K. Your Estimated 5 Year Profit $112K. Your pre-tax Total ROI is 73% or 14% per year + $913 Cash Flow
Poised for massive growth. These 4 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!
=========================
Alberta's Economic Boom is Back
Province Leads Country in Growth in 2011
By Mario Toneguzzi, Calgary Herald, April 27, 2012
CALGARY — Alberta topped all Canadian provinces in 2011 with the strongest economic performance, according to Statistics Canada.
The federal agency reported Friday that real domestic product advanced 5.2 per cent in 2011 after a 3.3 per cent increase in 2010.
It was the highest economic growth rate in Alberta since 6.2 per cent in 2006.
Douglas Porter, deputy chief economist with BMO Capital Markets, said the growth rate for 2011 was above and beyond what BMO estimated.
“It’s not a complete shock given some of the other indicators we’ve seen recently. The province is leading the rest of the country by a country-mile in terms of job growth recently and we’re seeing an echo of that in retail sales as well,” he said. “What’s driving it? Simply put is the strength in oil prices and the rapid rise in production in the province and alongside of that we’re seeing large population inflows into the province.”
Is it safe to say the boom is back? GRAB THIS STORY
===============
New Fashion Retailers Hiring, Apple Store Expanding
By Bill Mah, Edmonton Journal, April 30, 2012
EDMONTON - Tag is the latest retailer opening in Edmonton as the region continues to attract expanding Canadian and foreign chains.
The Montreal-based company is opening its first western Canadian store in the former Future Shop location at Calgary Trail and 34th Avenue. The Tag store is expected to open at the end of June or beginning of July, said spokeswoman Laurie Murphy.
Tag stores sell women’s, men’s and children’s fashion and outerwear and housewares. There are locations in Montreal, London, Ont., Hamilton and Dartmouth. READ MORE HERE
===============
Ewart: Business As Usual For Oilpatch After Tory Win
By Stephen Ewart, Calgary Herald. April 25, 2012
With a divisive election campaign over in Alberta, it's time to get back to business as usual for the oil and gas industry.
The four-decade-old Progressive Conservative dynasty was able to survive a staunch challenge from the political right and endured Monday as Premier Alison Redford delivered a 12th consecutive majority government for her party.
Despite some election night drama - Energy Minister Ted Morton lost his seat - it is essentially status quo for the oilpatch. FOLLOW THIS ARTICLE
===============
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.
"Management is doing things right; leadership is doing the right things." - Peter Drucker
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 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
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