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
October 15th., 2014
Volume 17, Issue 6
Dear Friends and Partners,
Lot’s of big announcements these past few weeks. The city centre is growing fast with more and more new buildings coming on. Even if half come to fruition, the city scene will be positively changed forever.
On the energy front there have been some significant developments in transportation and the European energy bill, both of which you can read below. Stay informed, get active and don’t miss the opportunity Edmonton is offering.
BTW - REIN is hosting its ACRE event in Edmonton October 25th. If you are just starting DIY real estate investing, you won’t want to miss this. Find more info about it HERE.
Central Edmonton: Inglewood 4-Unit Cashflow (Purchase Plus Improvement Deal)
Turbo charge your portfolio. This 1950 built Raised-Bungalow-Style 4-Plex is located in the heart of Inglewood, minutes from trendy 124th and downtown. The airport revitalization project is sending ripples of improvement throughout this area. Easy access to the Yellowhead as well as many parks and schools to enjoy in this character -rich neighbourhood.
This property has front entrances to the 2 X 2BD main floor units and lower entrances for the 2X 1BD suites.
This property was built as a RF3 duplex and is noted as having lower-level suites in the tax assessment. This is a purchase plus improvement deal, meaning that we wrap the ($25K) renovations into a new mortgage.
Ensuite laundry to be added. Property has 1 x double detached garage . Excellent access to downtown, transit and St. Albert.
Comes complete with great tenants making this a totally turn-key property for you. Inglewood is a great mature area that is a desirable for tenants working in the city or attending NAIT.
HUGE upside potential due to the quality of the building, great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core. Purchase price factors in renovations.
Purchase price: $664,000K
Total Investment: $152,930K
Your Estimated 5 Year Profit: $86,096.28K
Your pre-tax Total ROI is 56% 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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Hicks: There is no transportation crisis for Alberta
By Graham Hicks, Edmonton Sun, September 26th., 2014
If there's a looming transportation crisis for Alberta oil, why have Suncor and its partners committed $10 billion to the new Fort Hills oilsands project?
Why is Exxon-Imperial Oil full speed ahead on its $8.9 billion expansion of Kearl Lake, even as Phase I is just getting up to speed?
Let's not be stupid. Nobody puts that kind of money into any business, without 100% certainty the product will get to market.
Yet we keep hearing, time after time, that without new pipelines west (Northern Gateway) and south (Keystone XL), much of Alberta's oil will be trapped with no way out.
Here's the reality, as explained to me by a few veterans of the oil transport business. FOLLOW THIS ARTICLE
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Oilsands victory in Europe - but how will they get it there?
By Daniel Schwartz, CBC News, October 9th, 2014
The Canadian government and the oil industry can clearly claim a victory after Tuesday's announcement by the European Commission that it will not go ahead with a proposal that would have labelled oilsands oil as emitting more greenhouse gases than conventional oil production.
But the reality is that very little Alberta oil gets sold to European countries right now, and getting oilsands oil there should still be more of a challenge — especially at a competitive price.
Although the European decision will be disappointing for many environmental groups, it "provides a signal that Europe is open for business," says Nathan Lemphers, an independent oilsands policy analyst. READ MORE HERE
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How Alberta’s oil patch teamed up with the ‘little guys’ for an end run around Obama
By Rebecca Penty, Hugo Millar, Andrew Mayeda and Edward Greenspon, Bloomberg News, October 7th, 2014
So you’re the Canadian oil industry and you do what you think is a great thing by developing a mother lode of heavy crude beneath the forests and muskeg of northern Alberta. The plan is to send it clear to refineries on the U.S. Gulf Coast via a pipeline called Keystone XL. Just a few years back, America desperately wanted that oil.
Then one day the politics get sticky. In Nebraska, farmers don’t want the pipeline running through their fields or over their water source. U.S. environmentalists invoke global warming in protesting the project. President Barack Obama keeps siding with them, delaying and delaying approval. Keystone has become a tractor mired in an interminably muddy field. 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.
“Nearly all men can stand adversity, but if you want to test a man’s character, give him power.." - Abraham Lincoln
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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