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 14th., 2015
Volume 18, Issue 5
Dear Friends and Partners,
With the sudden burst of warm weather in Edmonton, it feels like spring is almost here. I took my youngest son to Home Depot last weekend to buy wood, seeds and soil for our new vegetable garden.
We also took some sprouting strawberry seeds and transferred them to little pots where we’ll grow them until we can ‘harden’ them and transplant outside after the threat of frost is gone.
This preparation to plant and the act of planting reminds me of quotes about planting a dollar, nurturing it to a business or an investment.
With that said are you ready for a little financial quiz? It’ll take you about 5 minutes and the results are insightful and fun to read: Pro Profs Money Quiz
Central Edmonton: Allendale 5-Unit Cash-flow
This 5-unit, 1940 built mixed-use commercial multi-family property is located in the heart of Allendale . Near U.O.A., Strathcona School, Hospital and fast access to downtown and the Whitemud this is a terrific location boating many parks in a desirable, mature neighbourhood.
This property has front entrances to the main suites as follows; 1X 3BD, 2X 1BD, 2X Bachelor. This property was built as a dwelling and commercial units (2).
It has recently had Safe Housing upgrades as well as interior upgrades. This will become a turn-key deal. The property has a double car garage and driveway. Excellent access to downtown, transit and parks.
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 Grant MacEwan. 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: $635K
Total Investment: $139,925K.
Your Estimated 5 Year Profit $76,000K.
Your pre-tax Total ROI is 55% or 11% per year
These 5 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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Oil Prices: Freaking investors out for 150 years and counting
By Tyler Crowe , Motley Fool, February 17th, 2015
The entire oil and gas industry has pretty much maneuvered from crisis to crisis since its inception.
Whenever I read or watch financial media coverage of oil prices lately, the image that comes to mind is a bunch of kids who just ate half their weight in candy, washed it down with a gallon of Red Bull, and then run around the playground at warp speed. They both move so fast and sporadically that is almost impossible to keep up with them. Here is just a small example of headlines that have been found at major financial media outlets in just the past week:
Citi: Oil Could Plunge to $20, and This Might Be ‘the End of OPEC’
OPEC sees oil prices exploding to $200 a barrel
Oil at $55 per barrel is here to stay
Gas prices may double by year’s end: Analyst
FOLLOW THIS ARTICLE
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Eklund’s Millions: Real Estate/Reality star visits Edmonton
By Laura Severs, Edmonton Journal, March 6th, 2015
EDMONTON - "It was a million-dollar moment for Edmonton’s burgeoning million-dollar home market.
Fredrik Eklund, New York City’s top agent for 2014 according to industry publication The Real Deal, was on hand to share his secrets for success with Edmonton’s real estate movers and shakers.
A sold-out crowd of 300 turned out at the Fairmont Hotel Macdonald on Saturday, Feb. 28 to hear advice from the star of the hit reality real estate TV series Million Dollar Listing New York. They also showed up to find out how they could take Edmonton’s housing sector to the next level.
But the secret, said Eklund, is that there’s no silver bullet."
“The unglamorous answer is to work harder than anyone else,” “The only thing you have is yourself; the more I’m me, the more successful I am.” Fredrik Eklund
READ MORE HERE
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Edmonton Economy to see slight growth
By Dave Lazzarino, Edmonton Sun, March 3rd, 2015
Edmonton council heard Tuesday that the local economy may be more resilient than the province is making it sound.
The city's chief economist, John Rose, admitted that the provincial arithmetic that points to a $7 billion budget hole is sound, but it isn't the only number to consider.
"I wouldn't say (premier Prentice) is exaggerating their fiscal circumstances; they've got a major problem and they need to address it," said Rose. "Perhaps what might be pointed out in a little bit more positive way is that they've got a $6 billion contingency fund they're sitting on. What's happening with that?”
GRAB THIS STORY
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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.
“My philosophy is that if I have any money I invest it in new ventures and not have it sitting around." - Richard Branson
Warm Regards,
Todd and Danielle Millar
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P.S. Stay ahead by checking out Danielle's daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
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