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
November 15th., 2013
Volume 15, Issue 7
Dear Friends and Partners,
This year we took our boys to the Remembrance Day laying of the wreath at the City Hall Cenotaph in Edmonton. Both of our fathers fought in World War II. It's a unique topic to explain to 5 and 2 year olds, respectively.
Later at the Prince of Wales Armouries, our sons were able to play interactive games based on the amazing amount of memorabilia on display. Very informative, eye opening and fun for all. We saw an amazing snuff box that looked like this.
While growing up I really didn't stop to reflect much about the war. I found this year was different; maybe because I have kids, maybe because of the world now. Nonetheless it was a great learning experience and a time to pay respect.
Not to be a total downer this newsletter, but with typhoon Haiyan that hit the Philippines, here is a great link to TRIPLE your giving power if you so choose too. UNICEF*
*For every dollar donated by individual Canadians to UNICEF Canada from November 9th to December 8th, 2013, the Government of Canada will contribute a dollar up to $100,000. UNICEF’s generous corporate supporters will be matching all donations for Typhoon Haiyan in the Philippines, excluding the Government of Canada donation match, up to $25,000.
Turbo charge your portfolio. This legal-4plex is located in the mature and transitional area of Baldwin. Upgraded in 2000 this 1964 built property has a common front entrances for all suites as well as common back entrance to suites and coin-laundry.
There are 3 X 2 BD and 1 X 1BD. Boiler was replaced 8 years ago. Suites are in good condition, but will require modernizing by our reno team. This property has been rented to longterm, senior citizen tenants.
You'll find a double detached garage, adding extra income. Spacious upper units have original hardwood, some upgraded fixtures and paint. Good access to Belvedere LRT, Fort Road and downtown. Fast access to bus routes and Saskatchewan Drive.
Comes complete with great tenants making this a totally turn-key property for you. Convenient north east area with easy access to transit and downtown. Baldwin is a mature/transitional area. Highly rent-able; 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: $640K
Total Investment: $148,418K
Your Estimated 5 Year Profit: $82,026.58K
Your pre-tax Total ROI: 55% or 11% per year
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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Yedlin: Energy literacy gaps need remedial filling
By Deborah Yedlin, Calgary Herald, November 13th, 2013
In the absence of gatherings such as first ministers meetings, it's become apparent to both provincial and business leaders that if differences are to be solved and a spirit of co-operation achieved to the benefit of the country, it is up to them to make sure it happens.
We have been seeing signs of this in recent months: The strong support shown by New Brunswick premier David Alward for Premier Redford's Canadian Energy Strategy and Ontario's Premier Kathleen Wynne stating while in Calgary several weeks ago, that she recognized the importance of the industry to her province's economy and that it would be hypocritical for her not to support a Canadian energy strategy for that reason.
More recent signs include the framework agreement governing pipelines crossing from Alberta into British Columbia, in return for B.C. supporting the Canadian Energy Strategy initiative and, on Tuesday, a trade mission organized by the Board of Trade of Metropolitan Montreal arrived in Calgary to explore opportunities for collaboration - either in Alberta, in Quebec, or both. FOLLOW THIS ARTICLE
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Jim Flaherty projects $3.7B surplus for 2015-16
By Susan Mas, CBC News, November 12th, 2013
"We'd like to see the Keystone XL pipeline built, so would a majority of Americans. I hope that comes to pass because that would very much help us with commodities exports," Flaherty said. GRAB THIS STORY
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B.C.'s Montney natural gas basin estimated to be world class
By Gordon Hoekstra, The Vancouver Sun, November 6th, 2013
VANCOUVER — A joint federal-provincial government report released Wednesday estimates there are huge, greater-than-expected natural gas resources in the important Montney gas basin that straddles British Columbia and Alberta.
The B.C. government claims the Montney estimate more than doubles the amount of natural gas resources in British Columbia, which will help underpin the province’s effort to launch a new liquefied natural gas (LNG) export industry to Asia.
The Montney contains 449 trillion cubic feet of natural gas — inferred from geological data — that can be extracted economically, according to the study conducted with the co-operation of the National Energy Board, B.C. Oil and Gas Commission, the Alberta energy regulator and the newly created B.C. Ministry of Natural Gas Development. 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 isn't as serious as the mind makes it out to be." –Eckhart Tolle
Warm Regards,
Todd and Danielle Millar
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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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