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
October 1st., 2012
Volume 13, Issue 3
Dear Friends and Partners,
My last newsletter was about sharpening the saw. I hope that you took some time away to do just that, as I did. One thing I learned is that it is tough to sharpen anything but your nerves while driving an Edinburgh roundabout with crying kids in the car. But, maybe on some level I was at least resting another part of my brain by being fully engaged in the moment.
Danielle and I met many interesting people on our trip to Scotland and France. We were asked a lot of questions about emigrating to Canada, the price of a home and what salaries range from. It seems that the majority of folks living in major cities such as London, Paris and Edinburgh (not surprisingly) found it toughest to get ahead.
The price of owning a home is exorbitant in comparison to the median salary; akin to buying a home in downtown Vancouver. Folks that own their own home, enjoy the lifestyle they have, or live in a rural setting where expenses can be more affordable, didn't necessarily want to move. However, there was an undeniable current of interest in moving to Canada. Several people we met knew not only of the Rockies in Alberta, but of the oil sands. Their opinion was one of opportunity, not the common environmentally-negative one that we hear about in the media.
Shortly before we left we tenanted a property with a fellow from Aberdeen, Scotland. He was hired in the U.K. to work in the oil and gas field for an open contract. He immediately sees the benefit and opportunity of living in Edmonton from his salary, quality of housing, accessibility, friendliness of people and the chance to get ahead. We have something special in our city, making it important to grow and diversify for generations to come. Renovation Special
Bonnie Doon, Edmonton: 4-Suite Cashflow Property
Here's a renovation special that offers value and will turbo charge your portfolio. We've added all costs to renovate and calculated post-reno projections - currently renovations have not been started. Soon to be: Upgraded 1971 built suited side by side bungalow with separate entrance to lower suites. Upstairs you'll find two upgraded 1100 sqft, 3 bedroom suites per side with some upgraded windows, appliances and new laminate. The lower units each have a 2 bedroom 850 sqft suite. Features down include new carpet, windows, and shared laundry area. The yard is a divided, shared, fenced area, and there is a double detached garage with automatic door and opener, bringing additional revenue. Some upgrades include new windows and paint. 10 minutes to U.O.A., 5 Mins to Whyte Ave. and Downtown. Fast access to the Yellowhead and Whitemud via Wayne Gretzky Drive, on bus routes. These pictures are pre-renovation.
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 $485.57 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $600K Total Investment: $139,479 K. Your Estimated 5 Year Profit $83,680. Your pre-tax Total ROI is 60% or 10% per year + $485.57 Cash Flow
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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Calgary, Edmonton To Lead Economic Growth As Energy Investment Remains Strong
By Mario Toneguzzi, Postmedia News, September 18th 2012
"Without a doubt, I expect that Alberta is going to be the envy of the country moving forward into closing out 2012 and into 2013"
CALGARY — Calgary and Edmonton are forecast to be the fastest growing economies in Canada over the next four years, according to the Conference Board of Canada’s Metropolitan Outlook-Autumn 2012 released Tuesday.
“Energy-related investment in Alberta is expected to stay vibrant throughout the next four years. For instance, about $29-billion worth of energy-related projects are now underway in the province, and nearly $86-billion worth of projects are proposed for the future,” said Mario Lefebvre, Director, Centre for Municipal Studies, for the board. GRAB THIS STORY
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Lamphier: Professors From Top Business Schools Flock To University Of Alberta
By Gary Lamphier, Edmonton Journal, September 21 2012
EDMONTON - They come from some of the leading business schools on the planet — institutions that command the same level of respect as corporate heavyweights like Apple, IBM and Google.
Indeed, three of them — Columbia, Oxford’s Said Business School and Pennsylvania’s Wharton School — rank in the top 10 and six are listed in the top 50. And now, thanks to an intensive recruiting drive over the past year, a whole crop of new additions from these big-name institutions are faculty members at the University of Alberta’s School of Business.
We’re talking about A-list B-schools here, such as Columbia, Wharton, Penn State, Vanderbilt, Oxford, Rochester, Indiana and Illinois. Every one of these schools holds down a spot in the Financial Times’ 2012 rankings of the top 100 MBA programs in the world. READ MORE HERE
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Army Of Innovators Lines Energy's Road to Success
By James Berkow, Financial Post, September 11th 2012
The challenges facing Canada’s energy industry — to turn one of the most energy-and emissions-intensive resource extraction processes in the world into something more environmentally sustainable — dwarf the innovation hurdles facing other industries. To overcome them, an interconnected army of innovators is key.
“People always ask me why this is so hard,” said Robert Donahue, a consulting research engineer at the Syncrude Ltd. research-and-development (R&D) centre focusing on the restoration of depleted mine sites to their natural state, and a former University of Alberta geotechnical engineering professor. “I tell them I’m trying to reconstruct the earth and I’m trying to do it without geological time on my side. I need to do it in human time.” 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 wise man should have money in his head, but not in his heart." -Jonathan Swift
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.
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