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
July 27, 2013
Volume 15, Issue 1
Dear Friends and Partners,
I'm inspired by triple-triple.
That's a meme started by a young Edmontonian that decided to pay forward 500 double-doubles at Tim Horton's. He inspired a trend that has seen at least three other people, in three other cities across Canada follow.
I am inspired by Danielle's 1000th blog post that she made last week. I am inspired by the seemingly un-ending fruit supply that my backyard (and ravine) yield.
I am inspired by the truth in the fact that 'people move to Alberta for work; rent for approximately 2 years, 20% move back to home province, 50% continue to rent and 30% buy their own home."
It's a good place to be. Be inspiring today.
Central West Edmonton: Reno-Deal 4-Plex Cashflow Property in Inglewood
Turbo charge your portfolio. This is a larger renovation deal that will add 2 new suites to the existing two units. Upgraded 1977 built legal duplex property with front and rear entrances to suites.
Two 3BD units have been upgraded and two 2 BD suites will be added, using our PPI strategy at purchase time and wrapping renovation costs into mortgage. You'll find 2 X 3BD units upstairs with attached garages and 2 X 2BD units downstairs. Spacious upper units shine with new laminate, fixtures and paint. The lower units to get full kitchen, bathroom, vanity and top of the line flooring.
Each unit to have en-suite laundry. Each unit has its own parking space, plus upper units have attached garages. Excellent location near the developing downtown core and in the sought after, mature area of Inglewood. A short walk to Coronation Park, Telus Centre and minutes to NAIT, Royal Alec and Down Town. Fast access to bus routes and Yellowhead.
Comes complete with great tenants making this a totally turn-key property for you. Convenient west central area with easy access to transit and downtown. Inglewood is an established, sought after neighbourhood. 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 growing core.
Purchase price: $510K
Total Investment: $141,745K.
Your Estimated 5 Year Profit $88,303K.
Your pre-tax Total ROI is 62% or 12% per year and Cash Flow in Your Pocket 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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The Canadian Economy's Two Great Blessings
By Alex Carrick, Reed Data, July 25th 2013
The Canadian economy has two great blessings: exceptional resource wealth and a relatively strong rate of population growth. The fact they are closely related is easy to overlook. Young immigrant workers needed to support a higher proportion of seniors are attracted by the job opportunities in raw materials and construction.
Alex Carrick, Reed Construction Data's Chief Economist Canada, shares insight into two of the the country's greatest assets. FOLLOW THIS ARTICLE
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What Debate? Canada is Ready for a Clean Energy Future
By Smith, Olewiler and Heintzman, The Globe and Mail, July 23rd 2013
Over the past year energy issues have featured heavily in political and public debate across the country. And Canadians might be forgiven for feeling confused (if they haven’t tuned out) given how polarized things have become:
Are we purveyors of “ethical oil” or “dirty oil?” Are we on track to fulfill our commitments to reduce carbon pollution and tackle climate disruption, or destined to fall short? Are we an emerging energy superpower or a laggard in the accelerating transition to a global low carbon economy?
All this conflict has only served to obscure important signals that should be guiding our leaders as they weigh how best to address Canada’s energy and climate challenges.
When Canada’s premiers met at the Council of the Federation in Halifax a year ago they kick-started the development of a Canadian energy strategy. GRAB THIS STORY
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Premiers Positive About Pipeline From Alberta to New Brunswick
By Adrian Morrow, The Globe and Mail, July 25th, 2013
The premiers promoting a west-east oil pipeline are “bullish” on its prospects after TransCanada Energy, the company behind the proposal, signalled it is moving closer to being able to build it.
The topic, however, had to be dealt with delicately at a Council of the Federation meeting in light of the disaster in Lac-Mégantic, Que., in which a train carrying crude oil derailed and blew up.
The pipeline would run from Alberta’s oil sands to refineries in Saint John, N.B., traversing six provinces. TransCanada has been working to secure commitments on oil shipments that would make the project viable, which it indicated is going well.
New Brunswick Premier David Alward was similarly optimistic, and said he has had good signs from the other provinces. 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.
"Dreams are often most profound when they seem the most crazy." -Sigmund Freud
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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