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
December 15th., 2012
Volume 13, Issue 8
Dear Friends and Partners,
With the Holiday Season upon us make sure to spend time with your loved ones. You can't succeed if you don't recede from your work. It's the only way to get a clear picture on where you are and where you are going. So, instead of burning the midnight oil why not sit back relax and drink some eggnog.
Check out the December issue of Canadian Real Estate Wealth Magazine for the 2013 Property Forecast. You'll find our outlook on Alberta along with two other experts in the province.
From our family to yours, we wish you a happy, healthy Holiday Season and prosperous New Year! Our newsletter will resume from January 15th 2013.
North Central Edmonton: 6-Suite Cashflow Property in Kilarney
Turbo charge your portfolio. Upgraded 1969 built 1 and a half story 6 unit property with separate entrance to lower suites. Most units upper units have been renovated. You'll find spacious 3 X 2bd upstairs and bright 3 X 1bd units downstairs. Renovations at time of purchase include new roof, 2 HWT and furnaces. The 3 lower units are each 700 sqft 1 bedroom suites. Features down include some new tiles and flooring. There is common laundry down. The yard is large and partially fenced. Additional upgrades after purchase will include new windows and exterior/upper suite modernization. 5 minutes to Yellowhead, 15 to Fort Saskatchewan, 10 minutes to downtown and NAIT. Fast access to the Wayne Gretzky Drive and on bus routes.
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. Kilarney is a mature and desirable family neighbourhood that will benefit from the downtown airport ripple effect. Highly rentable area; 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 North East.
Produces $415.11 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $595K Total Investment: $138,918K. Your Estimated 5 Year Profit $75,410.23K. Your pre-tax Total ROI is 54% or 11% per year
These 6 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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Northern Alberta's Robust Economy Focus of Talks with Harper's Cabinet Ministers
EDMONTON - Many Canadians don’t realize how vital the Alberta oilsands are to the national economy, and the need for a public dialogue based on facts is critical to the success of the industry, says the co-author of a report by a leading financial advisory firm.
“The oilsands are going to be the economic engine for the country for the foreseeable future, for the next 25 to 30 years, and it is akin to the impact of building the national railway in the 1880s,” said Marc Joiner, a partner at Deloitte in Toronto.
The firm’s report, Gaining Ground in the Sands 2013, outlines 10 obstacles and opportunities and cites the need for a national debate and some kind of unified action and direction, perhaps along the lines of the Canadian energy strategy being promoted by Alberta Premier Alison Redford.
If federal cabinet ministers Jason Kenney, Maxime Bernier and Ed Fast didn’t fully appreciate just how much northern Alberta’s oilsands-driven economy is contributing to Canada’s GDP, or the magnitude of the region’s pressing labour force needs, they do now.
A delegation of Edmonton business and educational leaders travelled to Ottawa last week, where they delivered that message in spades in private meetings with several senior members of the Harper government.
They included representatives from the Prime Minister’s Office, as well as Immigration Minister Kenney, Bernier (the Minister of State, Small Business and Tourism), and Fast, the Minister of International Trade, Minister of Asia-Pacific Gateway. GRAB THIS STORY
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Edmonton Tops Numbeo Quality Of Life Index, Beats Calgary, Montreal, Toronto and Vancouver
By The Huffington Post, December 3rd 2012
Edmonton beat all Canadian cities, and ranked third in the world in a Quality of Life analysis conducted by Numbeo. The festival city beat Calgary, Montreal, Toronto and Vancouver, and ranked third only to Berlin and Zurich in the index. FOLLOW THIS ARTICLE
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Edmonton Winning Economic Battle with Calgary
By Calgary Herald, November 30th 2012
EDMONTON - Edmonton’s economy and housing market have been improving and are outperforming Calgary on several fronts, according to an analysis from the Conference Board of Canada.
These yardsticks include faster economic and house price growth this year, along with more housing starts in four of the past five months. The city’s housing markets should remain buoyant, fuelled by healthy population advances, said Robin Wiebe, senior economist with the board’s Centre for Municipal Studies. READ MORE HERE
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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.
"Once you make a decision, the universe conspires to make it happen." -Ralph Waldo Emerson
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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