It's never as hard as you think

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


March 15th., 2014
Volume 16, Issue 4

Dear Friends and Partners,

For our mid-month newsletter ponder, or put into action, this thought by the great, Steve Chandler:

"Nothing is ever as hard as the mind makes it when thinking about it in advance. Nobody would ever get any results if they stayed in their minds, thinking about what has to be done in the future. Results happen when the mind is left behind in favor of fresh, exciting, creative action.

    Nobody cares what you think. No one cares what you are committed to. Only action communicates with others. Only action commands attention."


North West Edmonton: 6-Plex Cashflow Apartment

Turbo charge your portfolio. This legal 6-plex is located minutes from Grant MacEwan University Centre for Arts and Communications. Upgraded in 2006, this 1965 built property has a common front entrances for all suites as well as common back entrance to suites and coin-laundry. There are 6 X 1 BD units.  Suites are in good condition, but will require some modernizing by our reno team upon vacancies. This property is currently fully tenanted with M-T-M leases. Rear parking pad for 6+ cars. Spacious upper units have newer carpet, some upgraded fixtures and paint. Unbeatable access to Grant MacEwan, West Edmonton Mall, bus routes and major artery roads to downtown.

*Please note* 6-Plex buildings do require specific financing conditions and down payments are 35% or greater in many cases.

Comes complete with great tenants making this a totally turn-key property for you. Convenient West Jasper location with easy access to transit and downtown. 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 Grant MacEwan building/future development.

Purchase price: $650,000
Total Investment: $252,296
Your Estimated 5 Year Profit $108,820.50
Your pre-tax Total ROI is 43% or 8.6% per year (Lower return due to 35% down payment)


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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Job growth has flatlined across the country - except in Alberta

By Jamie Sturgeon, Global News, March 12th, 2014

The February jobs report released by Statistics Canada last week is driving home a trend experts have been taking note of: Alberta’s economy is leaving the rest of the country in the dust.
While last month’s labour force survey painted a dismal jobs picture across much of the country, Alberta was the major exception.

A potent energy sector is the engine of a provincial economy that is booming, registering a pop of 18,000 jobs or 3.8 per cent last month while the rest of the country laboured under lacklustre or even negative job growth.  FOLLOW THIS ARTICLE


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Alberta promises cash, interest-free loan for Edmonton LRT expansion

By Dave Lazzarino, Edmonton Sun, March 11th, 2014

Mill Woods residents may have a new way to get downtown as soon as 2020 as the last financial spike for the Valley Line LRT was driven home Tuesday.
Premier Alison Redford and Edmonton Mayor Don Iveson met at Churchill Station with numerous fellow politicians in tow to announce a solution to the city’s $365 million shortfall for the $1.8-billion LRT line construction.

“Edmonton told us we needed more. Our caucus told us we needed more. And we listened,” said Redford, before outlining how the province will be providing $600 million toward the rail line that will run from Mill Woods to downtown.

The details involve the city being eligible for $250 million in Green Trip funding, a further $150 million to match federal grant dollars and a $200 million 10-year, no-interest loan from the province.  GRAB THIS STORY

 
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Canada’s best places to live

By Melissa Ramsay, Global News, March 12th, 2014

CALGARY – A city in Alberta has been named Canada’s best place to live by Money Sense magazine.
St. Albert, located northwest of Edmonton on the Sturgeon River, topped the magazine’s annual list for the very first time.

It nabbed the esteemed spot thanks to several factors, such as boasting some of the highest incomes in the country, its unemployment rate — which sits at just above four per cent — and crime rates which are steadily falling.

In addition, officials say while winters in St. Albert can be skin-splittingly cold, it’s at least sunny all year round.  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.

“In the realm of ideas everything depends on enthusiasm… in the real world all rests on perseverance. "  - Johann Wolfgang von Goethe

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.

When your house goes "Snap, Crackle and Pop"

Over the last few days we've had some pretty cold weather in Edmonton. I don't think it's unseasonably cold but after plus temperatures in January, we're all surprised by winter's return.

The other night I was sitting by the fireplace when a loud cracking boom came from the wall beside me.  I got up and looked out the windows and suspiciously at the wall. It happened about 4 other times that night. When the roof didn't cave in I realized it was some kind of settling in the house and Googled the phenomena.  This is what I found:

"Ottawa Police received numerous calls reporting gunshots, noise bylaw violations and feared break-and-enters when the thermometre dropped drastically in late January. While most of these were false alarms, many residents were awakened by noises of unknown origin. The source may have been the very enclosure that protected the residents; their houses were quaking.

In extreme cold weather conditions we can learn rudimentary lessons in physics. Materials that make up our buildings change with their environment. In the winter, all exposed materials will slowly shrink as the temperature falls. In addition, fibrous or porous materials, such as wood, will also give up moisture to the surrounding dry winter air, accentuating their shrinking or contraction. In the spring, as the environment warms and the air gains moisture, wood will gradually swell and expand to its “normal” size and proportions." 

Get the final answer at Carlton Now

Keeping cool when markets get hot

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


March 1st., 2014
Volume 16, Issue 3

Dear Friends and Partners,

I received an email from an investment group based overseas. The email stated that “Property prices have gone up 37% this year!” it went on to say that now is the time to invest.

There is nothing wrong buying quality assets, that cash-flow after stress tests, are in solid areas and offer value. There is something really wrong with buying a property in a frothy market, with sketchy economic fundamentals (if any) just because, well the market is rising. If you are an experienced flipper and are willing to gamble on buying near the peak, that may be a risk you are willing to take.

For me, I want to invest in assets that can weather economic storms, are well priced and deliver value even when the economy is in a down-cycle. I’ve reflected on that a lot lately; our market here in Edmonton is good and moving into an upward trend, it still means that one has to buy right. Even if that means letting other investors pay a premium to own an asset.

Keep your head in a hot market, but do pull the trigger and buy at the price that makes sense.


North West Edmonton: 6-Plex Cashflow Apartment

Turbo charge your portfolio. This legal 6-plex is located minutes from Grant MacEwan University Centre for Arts and Communications. Upgraded in 2006, this 1965 built property has a common front entrances for all suites as well as common back entrance to suites and coin-laundry. There are 6 X 1 BD units.  Suites are in good condition, but will require some modernizing by our reno team upon vacancies. This property is currently fully tenanted with M-T-M leases. Rear parking pad for 6+ cars. Spacious upper units have newer carpet, some upgraded fixtures and paint. Unbeatable access to Grant MacEwan, West Edmonton Mall, bus routes and major artery roads to downtown.

*Please note* 6-Plex buildings do require specific financing conditions and down payments are 35% or greater in many cases.

Comes complete with great tenants making this a totally turn-key property for you. Convenient West Jasper location with easy access to transit and downtown. 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 Grant MacEwan building/future development.

Purchase price: $650,000
Total Investment: $252,296
Your Estimated 5 Year Profit $108,820.50
Your pre-tax Total ROI is 43% or 8.6% per year (Lower return due to 35% down payment)


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!



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

Edmonton on the rise as building permits boom, says city’s chief economist

By Dan Barnes, Edmonton Journal, February 6th, 2014

Look out Calgary, Edmonton is building momentum, along with all those houses, condos, office towers, industrial warehouses and storefronts.
In fact, with a staggering value of $5.53 billion, 2013 was either the biggest year for building permits in the Edmonton census metropolitan area, or in the top three, according to the city’s chief economist John Rose. And the city is gaining fast on Calgary, which reported $6.04 billion in permit value for 2013.

“Right now, we’re neck and neck,” said Rose. “Typically we’ve been behind Calgary. We’re doing very, very well indeed.”

And, if the building permit for the proposed Katz Group tower that will house all Edmonton city employees is issued in 2014, there could be a change at the top.  FOLLOW THIS ARTICLE

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Alberta’s business leaders and consumers optimistic
But small drop in confidence about economy

By Mario Toneguzzi, Calgary Herald, February 6th, 2014

CALGARY - Alberta business leaders and consumers remain optimistic overall despite the latest PwC Business and Consumer Confidence Index showing a small drop in confidence in the economy since November.

PwC said responses from business leaders about economic confidence has fallen compared with November (2.8 per cent decrease). Confidence in current business conditions has declined by 7.9 per cent in January after an upward trend. Optimism about future employment decreased by 4.9 per cent compared with November, continuing the downward trend.

“There’s a bit of a near-term caution and that’s reflected by the downward trend in the current business conditions index which is an indicator of what people think today,” said Ian Gunn, Alberta Private Company Services Leader at PwC in Calgary. The good sign is the long-term view is positive and actually increased slightly.”  GRAB THIS STORY

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Alberta annual retail sales growth best in Canada despite drop in December
“Extreme weather” and Black Friday keep sales under November total

By Mario Toneguzzi, Calgary Herald, February 21st, 2014

CALGARY - While retail sales dropped in Alberta in December due to cold weather and November Black Friday promotions, the province still led the country with the highest annual growth rate as sales reached $6.2 billion for the month.
Statistics Canada reported Friday that sales in Alberta fell by 1.1 per cent from November and they were down 1.8 per cent across the country to $40.2 billion.

But on a year-over-year basis, retail sales were up by 7.3 per cent in Alberta, which was the highest in the country, and by 3.4 per cent in Canada.

Wayne Renick, president and chief executive of Jersey City, a Calgary-based sports merchandising company, said the business did well in December and the first part of the new year is promising thanks to the Olympics taking place.  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.

“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." - Robert G. Allen

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.