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
August 15th., 2012
Volume 13, Issue 2
Dear Friends and Partners,
I am going to work on my brain fitness this summer, I'm going to sharpen the saw. Maybe you're familiar with me talking about this throughout the year and how I often take a break during summer and winter to totally un-plug. Even though I know the benefits of exercising, taking a rest, stimulating my mind or simply just unplugging - I don't always do it. It's easy to get caught up in the day, putting out the fires or planning for tomorrow. Inevitably when you get caught in this moment of rush and frustration you make mistakes, and are never playing at your highest level. Some symptoms of overwhelm include over-scheduling, missing an appointment, being distracted, frustrated, stubbing your toe (just happened to me), over eating, skipping meals or missing regular exercise. The rub is that the busier we are the more we need to put time aside to de-stress. Otherwise you'll be forced into de-stressing by sitting with an icepack on your toe, just like I am. Here's a great link to Sharpening The Saw.
= Please note: We'll be closed for summer holidays from August 31st - September 19th. There will not be a September issue of the newsletter. Newsletters resume October 1st. Enjoy the summer! =
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Transitional Area - North Central Edmonton: 4-Suite Cashflow Property in Killarney
*This isn't one of my target areas but it offers value to turbo charge your portfolio.*
Upgraded 1960 built suited side by side bungalow with separate entrance to lower suites. Upstairs you'll find two upgraded 1900 sqft, 2 bedroom suites per side with upgraded windows, appliances and some laminate. The lower units each have a 1 bedroom 850 sqft suite. Features down include new carpet, windows, and shared laundry area. The yard is a shared, fenced area, and a 3 car detached garage with automatic door and opener, bring in additional revenue. Some upgrades include new windows and paint. 15 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 $668.15 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $598K Total Investment: $136,756K. Your Estimated 5 Year Profit $84,230.45K. Your pre-tax Total ROI is 62% or 12.4% per year + $668.15 Cash Flow Every Month
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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Lamphier: Edmonton's Tech Success Fly Under The Radar
Smaller, Younger Companies Responsible For Lion's Share Of Growth.
By Gary Lamphier, Edmonton Journal, July 30th 2012
EDMONTON - The tech sector seems to excel at creating overhyped duds, from RIM to Nortel to Facebook.
Chalk it up to stock market hucksterism and a bad habit of over-promising and under-delivering.
I’ve written about the trend many times — often to the chagrin of the sector’s diehard boosters.
But TEC Edmonton boss Chris Lumb has long insisted there is a more positive side to the tech sector saga, and now he has the numbers to prove it.
Lumb’s agency — a joint venture between the University of Alberta and Edmonton Economic Development Corp. (EEDC) — recently completed an online survey of 74 junior tech firms in the capital region. GRAB THIS STORY
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Pipelines Remain Economy's Lifeline
By Opinion Editorial, Edmonton Sun, August 1st 2012
According to Natural Resources Canada, the country's crude oil and natural gas pipeline network is over 700,000 kms in length and extends to all provinces and territories except P.E.I. and Nunavut.
The safety record of this huge and vital national energy distribution system for the past few decades is impressive, but the reality is not every drop gets to its intended destination. Accidents are going to happen.
Recently Enbridge, Canada's largest operator of pipeline systems, has been accused of carelessness in its handling of a number of spills that have occurred in both Canada and the United States. READ MORE HERE
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NWT Premier Throws Support Behind Alberta Over Pipeline
By Josh Wingrove, Globe and Mail, August 5th 2012
EDMONTON - Bob McLeod knows pipeline battles.
The Northwest Territories Premier and former industry minister is a long-time champion of the stalled Mackenzie Valley natural gas pipeline, a project four decades in the making and still far from fruition. His territory’s oil and gas reserves remain largely stranded despite rich potential – a linchpin, as he sees it, to drive the North’s economy for a generation to come. But only if they can get them to market.
This year, Alberta and British Columbia have sparred over the $6-billion Northern Gateway pipeline, with B.C. threatening to scuttle it without a bigger slice of the revenues.
Now Mr. McLeod has waded into the fray, warning the impact ripples far beyond those two provinces. Without cross-border pipelines, the North will suffer too, leading Mr. McLeod to support Alberta’s hopes for a Canadian energy strategy at premiers’ meetings in Halifax and go public with overtures of exporting through the North, not the West. FOLLOW THIS ARTICLE
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Please note: We'll be closed for summer holidays from August 31st - September 19th. There will not be a September issue of the newsletter. Newsletters resume October 1st. Enjoy the summer! =
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.
"To sit in the shade on a fine day, and look upon verdure is the most perfect refreshment." -Jane Austin
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 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
