Mid Month Check-Ups

Alberta Oil Sands Investment Real Estate News®
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., 2013
Volume 15, Issue 2

Dear Friends and Partners,

With CMHC's news of placing caps on rental property lending, it has made some markets busier. It'll prompt fence-sitters to buy, but may not affect the strategy of a long term buy and hold investor.

In our Edmonton market for example, small apartments and suited properties have been really tight. The townhouse market on the other hand is flat. Certain neighbourhoods attract more buyers than others as do price points.

People often forget that Edmonton can be a seasonal market and that extra effort is required to market to tenants and buyers during certain periods of the year.


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!
=========================


Yedlin: $12B Pipeline 'Fantastic' News for Canada

By Deborah Yedlin, Calgary Herald, August 2nd, 2013

When asked how he was, entering the second floor room for the TransCanada press conference to announce the company's Energy East pipeline on Thursday morning, chief executive Russ Girling offered an understated grin and replied, "Not so bad."

Given what Girling went on to announce - that the $12-billion (before adding in the value of the existing line) project is not only going ahead but has been upsized from the original 850,000 barrels a day to 1.1 million bpd - "Fantastic!" accompanied by a high five might have been more along lines of how he was really feeling.  FOLLOW THIS ARTICLE


===============

13 Awesome Things You Didn't Know Were Made in Canada

By Lucy Izon, The Reader's Digest, August 8th 2013

Forget Labatt’s beer and maple syrup. Canadians have created plenty of awesome and strange stuff, and here are 13 things you probably didn’t know were proudly made in Canada.
While hockey players and great beer may be Canada’s favourite exports, there are actually tons of great Canadian products used around the world every day. And while everybody knows the telephone was invented in Canada, how many people know that 95 per cent of the world’s Lentils come from Saskatchewan, or that we make more submarines than most countries combined? Check out this strange and surprising list of Canada’s most fascinating exports, and let us know what we forgot in the comment section below.  GRAB THIS STORY

 
===============

Lamphier: Energy East project shifts focus away From from Keystone XL and Obama

By Gary Lamphier, Edmonton Journal, August 1st, 2013

EDMONTON - Has U.S. President Barack Obama finally overplayed his hand by blindly reciting the green lobby’s spin, and stubbornly blocking TransCanada’s long-delayed Keystone XL pipeline?

It’s starting to look that way. After years of empty talk, other viable export options for Alberta’s growing supplies of bitumen are now beginning to gain real traction, undercutting Keystone XL’s strategic importance. If one or more of the proposed pipelines to Canada’s east and west coasts proceed, Obama will soon have to explain to security-conscious Americans why he poo-pooed the thousands of jobs Keystone XL would have created, while handing China, India and other Asian customers the keys to the world’s third-largest oil reserves, right next door in Canada.  READ MORE HERE


 
 ===============


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.

"The authentic self is the soul made visible."  - Sarah Ban Breathnach

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.