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
December 16th., 2015
Volume 19, Issue 10
Dear Friends and Partners,
Wishing you and yours a wonderful Holiday Season! We’ll be off to share the festive season with our loved ones out west. Take the time to enjoy, celebrate, listen, talk, laugh and reflect. Come back healthy and refreshed for the New Year.
Thank you for all your help and support, Todd & Danielle Millar.
Happy Holidays - we will be closed from 12/18/15 - 1/11/16. Newsletters will resume 1/15/16.
South Central Edmonton: Hazeldean 2-Unit Cashflow
Great, 1200 sqft bungalow with suite; a winner to add to any portfolio. 1957 built, located a few blocks from 99th St., on an inner road insulated from traffic. Terrific access to local amenities in trendy Hazeldean. Walking distance to schools, transport and close to downtown. This property has separate entrances to each suite; 1 X 3 bd up and and 1 X 2 bd, there is also a double garage and small driveway.
This property has a tried and true layout and was built to last. Included in purchase price is an estimated $30K in renos to legalize suite and make the property shine! This is a turn-key deal. Good access to downtown and in a highly rentable and desirable neighbourhood.
Comes complete with great tenants making this a totally turn-key property for you. Hazeldean is a mature neighbourhood that is desirable for tenants working in the South and downtown. 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: $380,000
Total Investment: $90,120
Your Estimated 5 Year Profit $51,057
Your pre-tax Total ROI is 56%
These 2 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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Calgary faces uncertainty, opportunity in 2016 after oil prices collapse
By Ian Bickis, The Globe and Mail, December 7th, 2015
A year into the global oil price plummet, and Calgary’s boom-and-bust economy is decidedly leaning towards bust.
Home prices are down, unemployment is up, food bank usage is climbing, and no one knows when things might turn around with oil below $40 (U.S.) a barrel on Monday from highs of well over $100 less than two years ago. GRAB THIS STORY
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Jim Grey, Oil patch legend, says crude may fall to $30 a barrel
A veteran of Alberta’s oil patch weighs in on the future of the oil business
By Peter Armstrong, CBC News, December 10th, 2015
The price of oil dipped below $37 a barrel on Thursday. CBC News asked oilpatch veteran Jim Gray what is driving the price down.
Gray got his start in the industry in 1956 when oil was $1.35 a barrel. Over time, he established Canadian Hunter Exploration as one of the country's most successful natural gas producers. He's been a fixture of the industry for decades and is considered a kind of sage elder for an industry that is once again reeling from hard times.
A volatile combination of factors is dragging prices down, including persistent oversupply and OPEC's decision to hold the course on production levels. But Gray says a more fundamental shift is at hand. READ MORE HERE
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Gary Lamphier: Alberta’s carbon tax no game-changer, oilsands critic says
By Gary Lamphier, Edmonton Journal, December 8th., 2015
Mark Jaccard, professor of sustainable energy at Simon Fraser University, is one of Canada’s most influential experts on energy economics and climate change policy.
Jaccard, a vocal critic of the fossil fuel industry, has long opposed expansion of Alberta’s oilsands, and new pipelines to the West Coast.
The Journal interviewed Jaccard after he addressed the Economics Society of northern Alberta’s annual economic outlook conference in Edmonton last week. Here is a condensed version of the interview: FOLLOW THIS ARTICLE
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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.
“Never let a good crisis go to waste.” -Winston Churchill
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 daily blog at Edmonton Real Estate Investor for all your cutting edge market news and information.
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