Tuesday, September 27, 2016
Wednesday, September 21, 2016
Linked In - "Why I think oil and natural gas are indispensible for the forseeable future"
It's very, very easy to forget how you got to where you are. Success, comfort and complacency can lead to amnesia regarding the amount of hard work and frugality it took to get to that level of success. (Think the anti vaccination movement for example)
".....Those of us in the industry know the products we develop are indispensable to the economies of the world. And so, even as we work our way through this low-price environment, we’re confident in the future.
During my 36 years with Chevron, oil prices have dropped 50 percent or more five times. In the most recent fall, oil went from a high of just over $115 a barrel to under $50 a barrel in just six months. When prices fall, industry pulls back on investment and scales back the workforce in line with activities. Ours is a long-term business, so we know that eventually supply and demand will come back into balance and prices will stabilize. The global economy depends on it.
The energy we produce enables light, heat, mobility, mechanized agriculture, modern communications, the health system that keeps us well, and the many electronic devices that keep us connected and entertained. It’s also the feedstock for everything from crayons to contact lenses, not to mention the basis of our roads and runways." Linked In Executive Editor Dan Roth
Read more here
".....Those of us in the industry know the products we develop are indispensable to the economies of the world. And so, even as we work our way through this low-price environment, we’re confident in the future.
During my 36 years with Chevron, oil prices have dropped 50 percent or more five times. In the most recent fall, oil went from a high of just over $115 a barrel to under $50 a barrel in just six months. When prices fall, industry pulls back on investment and scales back the workforce in line with activities. Ours is a long-term business, so we know that eventually supply and demand will come back into balance and prices will stabilize. The global economy depends on it.
The energy we produce enables light, heat, mobility, mechanized agriculture, modern communications, the health system that keeps us well, and the many electronic devices that keep us connected and entertained. It’s also the feedstock for everything from crayons to contact lenses, not to mention the basis of our roads and runways." Linked In Executive Editor Dan Roth
Read more here
Monday, September 19, 2016
"Don(na) Notley" and her windmills
At a cost of $10.5 Billion and bringing a whopping 7200 jobs. The windmills of Alberta seem set to waft a bad smell around the province.
"On Wednesday, NDP Environment Minister Shannon Phillips announced a plan to build 5,000 megawatts of additional “green” energy capacity in Alberta by 2030.
Be prepared to dig really deep into your pockets for this one. If the NDP are able to achieve this goal, it will only be because much of the $10.5-billion price tag is squeezed out of taxpayers." Read full article here
Can't wait to pay for this initiative and hopefully it produces more than the 4% of energy that Europe gets.
"On Wednesday, NDP Environment Minister Shannon Phillips announced a plan to build 5,000 megawatts of additional “green” energy capacity in Alberta by 2030.
Be prepared to dig really deep into your pockets for this one. If the NDP are able to achieve this goal, it will only be because much of the $10.5-billion price tag is squeezed out of taxpayers." Read full article here
Can't wait to pay for this initiative and hopefully it produces more than the 4% of energy that Europe gets.
Friday, September 16, 2016
For the first time landlord ( or 60th)
Even a seasoned landlord can forget the basics and start sliding into home base with their properties and that's when you get tagged out. I'm WAY to nice with arrears and I've had some spectacularly successful collections it's also gone the other way. That's why I hire out collections now. It's not my forte.
Some of the points are pretty basic you should KNOW exactly what your proprety will cashflow (or not) before you find it. That means all expenses. Otherwise what are you buying?
It's pretty solid advice because life is full of Murphy's Law moments....
What I Wish I Knew Before Buying Rental Property - Holly Johnson
Buying the right rental properties is a challenge in itself, but the act of being a landlord is by far the hardest part. However, owning rental properties can be the key to a great deal of profit and financial freedom if you do things the right way from the start – or at least learn from your mistakes along the way.
I wouldn’t change anything about our story, but I do wish I had known more about the business before we got started. If you are considering buying rental property, I hope you can learn from my mistakes instead of learning things the hard way. READ MORE HERE
Some of the points are pretty basic you should KNOW exactly what your proprety will cashflow (or not) before you find it. That means all expenses. Otherwise what are you buying?
It's pretty solid advice because life is full of Murphy's Law moments....
What I Wish I Knew Before Buying Rental Property - Holly Johnson
Buying the right rental properties is a challenge in itself, but the act of being a landlord is by far the hardest part. However, owning rental properties can be the key to a great deal of profit and financial freedom if you do things the right way from the start – or at least learn from your mistakes along the way.
I wouldn’t change anything about our story, but I do wish I had known more about the business before we got started. If you are considering buying rental property, I hope you can learn from my mistakes instead of learning things the hard way. READ MORE HERE
Thursday, September 15, 2016
Nanny on Canada
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
September 15th., 2016
Volume 21, Issue 5
Dear Friends and Partners,
There is a fine balance to what we can control and what we should control. Simple things (can) become complicated when we add more government. As a landlord, these three topics struck me lately; landlords being responsible for delinquent tenant’s utility bills, tenants who are in abusive relationships being able to sever their leases without penalty and vacant home owners possibly facing tax penalties for buying a home and not renting it out or living in it.
All of these issues are important; people should be held accountable for paying their utility (and rent) bills. Women in abusive relationships should get help/alternate housing when fleeing a harmful situation and perhaps speculative real estate investors should face a levy when buying up real estate - the last one is a grey area.
What I find a conundrum is - why is the landlord the one to have to pick up the tab and pay out of his/her pocket to facilitate these social ideals/necessities?
The unforeseen consequences vary from landlords tightening up who they rent to, crafting leases to protect themselves (which won’t under RTDS scrutiny), tenants in non-abusive relationships exploiting the laws by lying to landlords to break leases, or absentee homeowners getting into the rental market without the knowledge of how to price a rental or manage one - potentially resulting in losses to tenants and other landlords through improper management (at the result of avoiding a tax penalty).
What do you think? Comment here.
Central NW Edmonton: Inglewood, Legal 6-Unit Cashflow
Turbo
charge your portfolio. For those wanting a low risk investment in a
great area with 6 units under one roof - here it is. 6-unit with 4,208
sqft, steps from Westmount mall and school.
Five minutes to Downtown, 4 minutes to Hospital, 15 to UOA all in trendy Inglewood. This is property has many recent upgrades and offers self contained units. 3 X 1 bedroom units, 2 X 2 BD and 1 bachelor suite. 1966 built, R7 zoned building. 6 Parking stalls and large lot.
Terrific access to local amenities in sought after Inglewood. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in the highly rentable mature neighbourhood of Inglewood.
Comes complete with great tenants making this a totally turn-key property for you. Inglewood is a mature neighbourhood that is convenient for tenants working in downtown or NW Edmonton. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and Misericordia Hospital.
Purchase price: $625,000
Total Investment: $171,000
Your Estimated 5 Year Profit $93,057
Your pre-tax Total ROI is 54% or 11% per year
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!
=========================
Alberta’s food sector booming as oil sector finds its feet
By Todd Hirsch, Globe and Mail, September 8th., 2016
Still dazed by oil’s price collapse in 2014, Alberta’s economy is gradually finding its feet. All eyes have been fixed on the drama playing out in the oil patch, but all the while other sectors have been quietly developing new products and markets.
The biggest surprise has been Alberta’s burgeoning food sector. In an ironic twist that many didn’t see coming a decade ago, the province has returned to its original roots in agriculture – but this time it’s producing consumer food products for the 21st century and finding lucrative markets around the world. It’s not just for wheat, canola and cattle. It is for niche products such as organic honey, high-protein bison, award-winning gin, unprocessed cereal products and high-value greenhouse vegetables. READ MORE HERE
===============
Crude oil to carrots: Geothermal makeover eyed for Alberta’s old wells
By Reuters, August 9th, 2016
Disused oil and gas wells dotting Canada’s energy heartland may bear fruit for Alberta’s farmers under a proposal to use waste heat from the idle facilities to allow crops to grow, even in the country’s harsh winter conditions.
Provincial legislator Shaye Anderson wants the Alberta government to allow an old well to be converted to geothermal energy to heat an 8,000-square-foot greenhouse. Currently the wells can only be used for extracting hydrocarbons. GRAB THIS ARTICLE
===============
Cannon: Alberta First: Answering the global call-to-action on energy research
By Elizabeth Cannon & David H. Turpin, Calgary Herald, September 10th, 2016
Alberta and its universities are at a critical juncture. Alberta’s geography and history have made the energy industry a pillar of the province’s economy, and energy research and innovation a focus of its universities for decades. Researchers have been examining ways to discover, access and expand Alberta’s resources since the 1920s when Karl Clark patented a process for separating and recovering oil from the oilsands. In the last decade alone, more than 90 per cent of the world’s oilsands research publications have come from Canadian universities and research agencies, the majority from the University of Alberta and University of Calgary, with many of them resulting in major efficiencies and reductions to the environmental impacts of the industry. FOLLOW THIS STORY
===============
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.
“ Tough times never last, but tough people do.” - Robert H. Schuller
Warm Regards,
Todd and Danielle Millar
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
September 15th., 2016
Volume 21, Issue 5
Dear Friends and Partners,
There is a fine balance to what we can control and what we should control. Simple things (can) become complicated when we add more government. As a landlord, these three topics struck me lately; landlords being responsible for delinquent tenant’s utility bills, tenants who are in abusive relationships being able to sever their leases without penalty and vacant home owners possibly facing tax penalties for buying a home and not renting it out or living in it.
All of these issues are important; people should be held accountable for paying their utility (and rent) bills. Women in abusive relationships should get help/alternate housing when fleeing a harmful situation and perhaps speculative real estate investors should face a levy when buying up real estate - the last one is a grey area.
What I find a conundrum is - why is the landlord the one to have to pick up the tab and pay out of his/her pocket to facilitate these social ideals/necessities?
The unforeseen consequences vary from landlords tightening up who they rent to, crafting leases to protect themselves (which won’t under RTDS scrutiny), tenants in non-abusive relationships exploiting the laws by lying to landlords to break leases, or absentee homeowners getting into the rental market without the knowledge of how to price a rental or manage one - potentially resulting in losses to tenants and other landlords through improper management (at the result of avoiding a tax penalty).
What do you think? Comment here.
Central NW Edmonton: Inglewood, Legal 6-Unit Cashflow
Turbo
charge your portfolio. For those wanting a low risk investment in a
great area with 6 units under one roof - here it is. 6-unit with 4,208
sqft, steps from Westmount mall and school.Five minutes to Downtown, 4 minutes to Hospital, 15 to UOA all in trendy Inglewood. This is property has many recent upgrades and offers self contained units. 3 X 1 bedroom units, 2 X 2 BD and 1 bachelor suite. 1966 built, R7 zoned building. 6 Parking stalls and large lot.
Terrific access to local amenities in sought after Inglewood. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in the highly rentable mature neighbourhood of Inglewood.
Comes complete with great tenants making this a totally turn-key property for you. Inglewood is a mature neighbourhood that is convenient for tenants working in downtown or NW Edmonton. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and Misericordia Hospital.
Purchase price: $625,000
Total Investment: $171,000
Your Estimated 5 Year Profit $93,057
Your pre-tax Total ROI is 54% or 11% per year
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!
=========================
Alberta’s food sector booming as oil sector finds its feet
By Todd Hirsch, Globe and Mail, September 8th., 2016
Still dazed by oil’s price collapse in 2014, Alberta’s economy is gradually finding its feet. All eyes have been fixed on the drama playing out in the oil patch, but all the while other sectors have been quietly developing new products and markets.
The biggest surprise has been Alberta’s burgeoning food sector. In an ironic twist that many didn’t see coming a decade ago, the province has returned to its original roots in agriculture – but this time it’s producing consumer food products for the 21st century and finding lucrative markets around the world. It’s not just for wheat, canola and cattle. It is for niche products such as organic honey, high-protein bison, award-winning gin, unprocessed cereal products and high-value greenhouse vegetables. READ MORE HERE
===============
Crude oil to carrots: Geothermal makeover eyed for Alberta’s old wells
By Reuters, August 9th, 2016
Disused oil and gas wells dotting Canada’s energy heartland may bear fruit for Alberta’s farmers under a proposal to use waste heat from the idle facilities to allow crops to grow, even in the country’s harsh winter conditions.
Provincial legislator Shaye Anderson wants the Alberta government to allow an old well to be converted to geothermal energy to heat an 8,000-square-foot greenhouse. Currently the wells can only be used for extracting hydrocarbons. GRAB THIS ARTICLE
===============
Cannon: Alberta First: Answering the global call-to-action on energy research
By Elizabeth Cannon & David H. Turpin, Calgary Herald, September 10th, 2016
Alberta and its universities are at a critical juncture. Alberta’s geography and history have made the energy industry a pillar of the province’s economy, and energy research and innovation a focus of its universities for decades. Researchers have been examining ways to discover, access and expand Alberta’s resources since the 1920s when Karl Clark patented a process for separating and recovering oil from the oilsands. In the last decade alone, more than 90 per cent of the world’s oilsands research publications have come from Canadian universities and research agencies, the majority from the University of Alberta and University of Calgary, with many of them resulting in major efficiencies and reductions to the environmental impacts of the industry. FOLLOW THIS STORY
===============
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.
“ Tough times never last, but tough people do.” - Robert H. Schuller
Warm Regards,
Todd and Danielle Millar
Tuesday, September 06, 2016
Started at the top, now we're here...
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
September 6th., 2016
Volume 21, Issue 4
Dear Friends and Partners,
It’d be easy to bemoan the economy and you’d think I’m doing that with the selection of news picks below. But, in fact I’m not. If there is one thing about Albertans, it's their resilience. Through hardship and challenging financial times, strong businesses has been forged. Alberta will rise like a Phoenix from the fire… and for now it is tough. I’m hopeful that 2017 Q2 will start to show some stability. If oil improves, that will smooth out the ride. In the meantime you can see what the young ones are starting up...
Central NW Edmonton: Inglewood, Legal 6-Unit Cashflow
Turbo charge your portfolio. For those wanting a low risk investment in a great area with 6 units under one roof - here it is. 6-unit with 4,208 sqft, steps from Westmount mall and school.
Five minutes to Downtown, 4 minutes to Hospital, 15 to UOA all in trendy Inglewood. This is property has many recent upgrades and offers self contained units. 3 X 1 bedroom units, 2 X 2 BD and 1 bachelor suite. 1966 built, R7 zoned building. 6 Parking stalls and large lot.
Terrific access to local amenities in sought after Inglewood. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in the highly rentable mature neighbourhood of Inglewood.
Comes complete with great tenants making this a totally turn-key property for you. Inglewood is a mature neighbourhood that is convenient for tenants working in downtown or NW Edmonton. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and Misericordia Hospital.
Purchase price: $625,000
Total Investment: $171,000
Your Estimated 5 Year Profit $93,057
Your pre-tax Total ROI is 54% or 11% per year
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!
=========================
Has Alberta’s economy hit bottom?
By Andrea MacLean, CTV Calgary, August 22nd., 2016
After more than 100 years providing Calgary with western wear and surviving many recessions and depressions, a Calgary landmark is closing its doors. The current economic downturn has proven to be too tough to weather says Brian Guichon, owner of Riley & McCormick.
“Our customer base is the downtown people who wear the western lifestyle and there’s 20,000 fewer of them living and working downtown Calgary,” said Guichon. “You just look at the numbers – our sales are going down. It’ll be a few years before it comes back and can we wait that long?” READ MORE HERE
===============
Alberta’s financial troubles deepen as deficit swells by $500M
Shrinking provincial economy to take biggest 2-year hit since the early 80’s
By Kim Trynacity, CBC News, August 23rd, 2016
Alberta's already record deficit is projected to grow by more than $500 million, due mainly to the financial impact of the May wildfires in Fort McMurray, according to the province's latest quarterly update.
The latest fiscal update, delivered Tuesday by Finance Minister Joe Ceci, cites the wildfires as the main factor pushing the deficit $527 million higher to $10.9 billion. GRAB THIS ARTICLE
===============
More economic woe for Alberta as housing investments drop by a third
By Emma Graney, Edmonton Journal, August 22nd, 2016
Investment in Alberta’s housing markets has nosedived, another sign of the province’s shuddering economy.
Statistics Canada numbers released Monday show investment in housing construction in Alberta has dropped 30 per cent since June 2015, to $641 million from close to a billion dollars.
That’s the biggest drop of any province. Only Nunavut’s housing market took a bigger hit.
Alberta’s bucked the national trend, which saw an 8.7-per -cent increase year over year, to $4.4 billion in June. FOLLOW THIS STORY
===============
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.
“When you have confidence, you can have a lot of fun. When you have a lot of fun, you can do amazing things.” -Joe Namath
Warm Regards,
Todd and Danielle Millar
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
September 6th., 2016
Volume 21, Issue 4
Dear Friends and Partners,
It’d be easy to bemoan the economy and you’d think I’m doing that with the selection of news picks below. But, in fact I’m not. If there is one thing about Albertans, it's their resilience. Through hardship and challenging financial times, strong businesses has been forged. Alberta will rise like a Phoenix from the fire… and for now it is tough. I’m hopeful that 2017 Q2 will start to show some stability. If oil improves, that will smooth out the ride. In the meantime you can see what the young ones are starting up...
Central NW Edmonton: Inglewood, Legal 6-Unit Cashflow
Turbo charge your portfolio. For those wanting a low risk investment in a great area with 6 units under one roof - here it is. 6-unit with 4,208 sqft, steps from Westmount mall and school.Five minutes to Downtown, 4 minutes to Hospital, 15 to UOA all in trendy Inglewood. This is property has many recent upgrades and offers self contained units. 3 X 1 bedroom units, 2 X 2 BD and 1 bachelor suite. 1966 built, R7 zoned building. 6 Parking stalls and large lot.
Terrific access to local amenities in sought after Inglewood. Purchase price to include reserve fund and light renovation budget to make it standout - rolled into mortgage. This is a turn-key deal. Excellent access downtown and in the highly rentable mature neighbourhood of Inglewood.
Comes complete with great tenants making this a totally turn-key property for you. Inglewood is a mature neighbourhood that is convenient for tenants working in downtown or NW Edmonton. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton’s growing centre and Misericordia Hospital.
Purchase price: $625,000
Total Investment: $171,000
Your Estimated 5 Year Profit $93,057
Your pre-tax Total ROI is 54% or 11% per year
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!
=========================
Has Alberta’s economy hit bottom?
By Andrea MacLean, CTV Calgary, August 22nd., 2016
After more than 100 years providing Calgary with western wear and surviving many recessions and depressions, a Calgary landmark is closing its doors. The current economic downturn has proven to be too tough to weather says Brian Guichon, owner of Riley & McCormick.
“Our customer base is the downtown people who wear the western lifestyle and there’s 20,000 fewer of them living and working downtown Calgary,” said Guichon. “You just look at the numbers – our sales are going down. It’ll be a few years before it comes back and can we wait that long?” READ MORE HERE
===============
Alberta’s financial troubles deepen as deficit swells by $500M
Shrinking provincial economy to take biggest 2-year hit since the early 80’s
By Kim Trynacity, CBC News, August 23rd, 2016
Alberta's already record deficit is projected to grow by more than $500 million, due mainly to the financial impact of the May wildfires in Fort McMurray, according to the province's latest quarterly update.
The latest fiscal update, delivered Tuesday by Finance Minister Joe Ceci, cites the wildfires as the main factor pushing the deficit $527 million higher to $10.9 billion. GRAB THIS ARTICLE
===============
More economic woe for Alberta as housing investments drop by a third
By Emma Graney, Edmonton Journal, August 22nd, 2016
Investment in Alberta’s housing markets has nosedived, another sign of the province’s shuddering economy.
Statistics Canada numbers released Monday show investment in housing construction in Alberta has dropped 30 per cent since June 2015, to $641 million from close to a billion dollars.
That’s the biggest drop of any province. Only Nunavut’s housing market took a bigger hit.
Alberta’s bucked the national trend, which saw an 8.7-per -cent increase year over year, to $4.4 billion in June. FOLLOW THIS STORY
===============
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.
“When you have confidence, you can have a lot of fun. When you have a lot of fun, you can do amazing things.” -Joe Namath
Warm Regards,
Todd and Danielle Millar
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