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
June 1st., 2012
Volume 12, Issue 7
Dear Friends and Partners,
Do you know where you can find Canada's lowest inflation rate? Right here in Alberta, with Calgary at 0.09%. And the second lowest rate of inflation is Edmonton, at 1%. Canada's national rate of inflation is 2%. With lower taxes and higher incomes this makes Alberta one of the most affordable provinces to live, according to the RBC's Affordability Index. There are arguments for an increasing inflation rate (home values go up/capital gains: more renters) and for a slowing rate (renters turn into buyers: more affordable to buy/better value). Either way you slice, with a strong economy you are doing well.
I was at a great event where Richard Dolin was presenting. His topic was loosely about branding. It made me think - what is Alberta's brand? Is it an economic powerhouse, festival city, home to the youngest workforce, a wild entrepreneurial hotbed with untamed natural beauty? Or is it the only place to go when you need a job, home to polluting oil sands, money-hungry businesses and a too-high murder rate? I would argue that Alberta is a wonderful place to live, full of opportunity and clearly agree with the former positive 'brand'. But what the brand really is is what the majority of people believe it to be and talk about it being.
Brands change, grow and morph according to the underlying 'truth' of the brand. You'll find many people who live in Alberta because they love it, thousands of tourists who visit it because of its splendor. You'll also find homesick camp workers with drug problems that ache to get out. Richard presented the idea that YOU are your brand. What you do everyday, what you do at work, on the street, with your family and friends is who and what people think of you: your brand. A more familiar word is 'reputation'. As society becomes increasingly tech oriented perhaps we will find websites that review our personal brands as we peruse other brands online? No wait...Facebook, LinkedIn, Singles, My Space, etc..
===============
North Central Edmonton: 2-Suite Cash flow Bungalow
Turbo charge your portfolio. Upgraded 1965 built suited bungalow with separate entrance to lower suite. Upstairs you'll find a stylishly finished 1150 sqft, 3 bedroom suite with upgraded windows, appliances and new carpet. The lower unit has a 2 bedroom 900 sqft suite. Features down include new laminate, windows, and shared laundry area. There is a shared, fenced yard, and a 2 car detached garage with automatic door and opener, bringing in additional revenue. Some upgrades include new fence and concrete parking pad. 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 North central area with easy access to transit and downtown. Kensington is an 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 $315.30 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $336K Total Investment: $79,456.00K. Your Estimated 5 Year Profit $44,221.00K. Your pre-tax Total ROI is 56% or 11% per year + $315.30 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!
=========================
Construction On Condo Towers Overlooking River Could Soon Start
By Gordon Kent, Edmonton Journal, May 24th 2012
EDMONTON - Construction of long-delayed condo towers overlooking the North Saskatchewan River valley could start by year’s end under a proposal to reduce the size of the project.
Zoning for a 1,000-unit development near Jasper Avenue and 85th Street, now called the Edgewater, was approved in 2009, but as the economy sagged, it wasn’t feasible, architect Brad Kennedy says.
“The original project was based on a different time and economics of what potentially could be sold in that area, including some high-end units,” he said Thursday. GRAB THIS STORY
===============
Western Leaders to Talk Environment, Energy and Tom Mulcair
Canadian Press, May 27th 2012
The environment, energy and federal NDP Leader Tom Mulcair are on the agenda Tuesday when leaders of the western provinces and territories get together.
"There is going to be an emphasis on environmental regulation," said Alberta Premier Alison Redford, who will host the meeting in Edmonton.
"British Columbia wants to talk about families and community development and (Saskatchewan) Premier (Brad) Wall and I want to continue to advance the Canadian energy strategy agenda." READ MORE HERE
===============
Oil The Wheels Of Creativity, Alberta
By Todd Hirsch, Globe and Mail, May 23rd 2012
It’s been said that necessity is the mother of invention. But if my biology is correct, a mother alone isn’t enough – you also need a father. And the father of invention is creativity.
Take Alberta’s energy patch. For all the bad press it gets from uninformed critics, its engineers and geologists are rather creative when they need to be. Applications of innovative solutions abound. Think of the steam-assisted gravity drainage technology in the oil sands, which uses much less water and no tailings ponds. Or the achievements in human safety, which have produced a record that is among the best in the world. Or the technology around carbon capture and storage, which is waiting only for a suitable price on carbon to be economically feasible. 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.
"A hunch is creativity trying to tell you something." -Frank Carpa
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.
2 comments:
This is a nice property. I like the feature of this house. Big thanks for sharing this with us.
Zummi
This can be a great investment. How I wish to have that kind of property in the future. Thank you and keep posting.
Post a Comment