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 15th., 2012
Volume 12, Issue 8
Dear Friends and Partners,
I receive Steve Chandler's Imindshift newsletter weekly. Steve is a tremendous force when it comes to creative thinking, and stark reality checks. He's able to look at himself with blunt honesty and then push through until he gets to the (sometimes unpleasant) core of personal challenge. For our mid-month update, I wanted to send you an excerpt from Steve's email all of which is Steve Chandler's personal content on Imindshift.
"Most people never run far enough on their first wind to find out they've got a second. Give your dreams all you've got and you'll be amazed at the energy that comes out of you." ~ William James
"Find a path and stay on it. Don't quit. Keep walking. You will arrive. You will get tired and winded, but the second wind will always kick in for you when your body, which is bluffing, realizes you are not going to quit. Choose a path and stay on it.
We place too high a value on comfort. We have lost the old fashioned work ethic. No one has ever written a book (though I have been tempted)called Great Moments in Human Comfort.
But a mind shift can turn it back in an instant.Now you are working for the pleasure of working.And because you didn't quit, you got your second wind and now you pass everyone else because they never even know what a second wind is." Steve Chandler
I hope you find this snippet from Steve Chandler's newsletter as insightful as I did.
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NORTH EDMONTON 2 SUITE CASH-FLOW BUNGALOW
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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!
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Alberta Booming Again As It's Forecast To Lead Country In Economic Growth
Real GDP increase of 4% this year
By Mario Toneguzzi, Calgary Herald, June 12th 2012
CALGARY — Alberta will be the country’s leader in economic and employment growth in the next two years, says a report released Tuesday by RBC Economics.
The report said Alberta will see real GDP growth of 4.0 per cent this year followed by 3.9 per cent next year while employment growth will be 2.8 per cent this year and 2.6 per cent in 2013.
The province will top all provinces in both categories in each of the two years with the exception of GDP growth in 2013 which will tie it for the best in the country with Saskatchewan. GRAB THIS STORY
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Home Affordability in Top Markets Deteriorates: RBC
David Paddon, Canadian Press, May 29th 2012
Royal Bank of Canada says home ownership was less affordable in most major Canadian cities during the first quarter, although Calgary and Edmonton bucked the trend. In Calgary, by contrast, only about 36.7 per cent of pre-tax income would be required to pay for a standard bungalow – unchanged from the previous study – and in Edmonton the index improved by 0.4 percentage point to 32.4 per cent. READ MORE HERE
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Alberta Shows Economic Strength
By Myke Thomas, Calgary Sun, June 16th 2012
CALGARY, AB - Economic indicators in Alberta have grown stronger in 2012 and should remain strong going forward, according to the latest RBC Economics Provincial Outlook.
The province leads the nation in most economic performance indicators, by a wide margin in several instances, and RBC expects Alberta’s real GDP to grow at a rate of 4% this year and 3.9% next year. 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.
"A victory without danger is a triumph without glory." -Pierre Corneille
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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