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.
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