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
April 15th., 2013
Volume 14, Issue 5
Dear Friends and Partners,
A crow was sitting on a tree, doing nothing all day. A small rabbit saw the crow, and asked him, "Can I also sit like you and do nothing all day long? The crow answered: "Sure, why not." So, the rabbit sat on the ground below the crow, and rested. All of a sudden a fox appeared, jumped on the rabbit, and ate it.
Management Lesson:
To be sitting and doing nothing, you must be sitting very, very high up.
I was reminded of this parable while watching my two sons play; I watch my older son do things that immediately are copied by the 17 month old with completely different and often disastrous results. Such is life.
It reminds me to keep me that what others are doing isn't necessarily good for me. I have to weigh every choice that comes my way and determine it's future effect on my portfolio/life/waistline.
If only that rabbit had weighed his options just a little longer...
South Central Edmonton: 4-Suite Cashflow Property in Bonnie Doon
Turbo charge your portfolio. Upgraded 1965 built 4 unit property with separate entrance to lower suites. Upper units have been renovated and using our PPI strategy the lower units are upgraded at purchase, and costs wrapped into mortgage. You'll find 2 X spacious 2 bd units upstairs and 2 X bright 1 bd units downstairs. There is common laundry for the lower units and upper suites have en-suite laundry. Each unit has its own exterior storage locker as well. There is also a double detached garage adding cashflow. Excellent location directly across from Bonnie Doon mall on a small side road, 1 block north of Whyte Avenue. 5 minutes to Rowland Drive and ravine, with routes to the Yellowhead and Whitemud minutes away, 10 minutes to downtown and UOA. Fast access to Wayne Gretzky Drive and on all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient south central area of Bonnie Doon with easy access to transit and downtown. Bonnie Doon is a mature, sought after area near the university and Whyte ave. Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable south side.
Purchase price: $625K Total Investment: $145,601K. Your Estimated 5 Year Profit $77,327K. Your pre-tax Total ROI is 53% or 11% per year + $400 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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Momentum Builds for Alberta Oil Pipeline to East Coast TransCanada asks producers to sign take-or-pay contracts
By Dan Healing, Calgary Herald, April 2nd 2013
CALGARY — A multibillion-dollar project to send Alberta oil to the East Coast won federal political support on Tuesday and will likely also be supported by producers, an analyst says.
Calgary-based TransCanada Corp. — the energy transporter trying to build the Keystone XL pipeline to Texas — announced it will hold a binding open season on its proposed Energy East Pipeline to gauge shipper support.
The project, estimated to cost between $5 billion and $6 billion, would involve converting part of its existing west-to-east natural gas Mainline to carry oil from Alberta to Quebec, with a new extension to the port city of Saint John, N.B., where it would be able to access export markets where oil currently fetches higher prices. GRAB THIS STORY
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The Oil Sands are an Amazing Story Canada's Not Telling
By Todd Babiak, Globe and Mail, March 1st 2013
How Green Was My Valley, the novel by Welsh writer Richard Llewellyn, is about a young man born into a village of black air, of strikes, of deadly explosions. At the end, you’re keen to accompany the hero, Huw Morgan, out of the coal mines.
More than 50 years earlier, Émile Zola had come to similar conclusions in Germinal.
The novelists and filmmakers who adapted these two works for cinema focused on people – particularly the miners. They were sad, happy, passionate, defeated, pure, compromised, creative, dull, intelligent, stupid.
That is, alive. FOLLOW THIS ARTICLE
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Alberta's Bold Plan to Cut Emissions Stuns Ottawa and Oil Industry
By Shawn McCarthy and Nathan Vanderklippe, Globe and Mail, April 4th 2013
The Alberta government has quietly presented a proposal to sharply increase levies on carbon production and force large oil-industry producers to slash greenhouse gas emissions by as much as 40 per cent on each barrel of production, a long-term plan that has surprised Ottawa and industry executives with its ambition.
Alberta Environment Minister Diana McQueen stunned a recent meeting in Calgary attended by senior oil executives and her federal counterpart, Peter Kent, with the proposal, which goes well beyond anything Ottawa or the companies contemplated, industry and government sources said Wednesday.
The three sides are engaged in intense negotiations, with the industry warning that regulations that are too onerous could undermine the competitiveness of the oil sands sector as it seeks international investment to drive production growth. 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.
"Life takes on meaning when you become motivated, set goals and charge after them in an unstoppable manner." -Les Brown
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 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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