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
April 18th., 2017
Volume 22, Issue 07
Dear Friends and Partners,
Hope you had a Happy Easter. Here are a few updates from the news below.
South Central Edmonton: Forest Heights, 4-Unit Cashflow
Turbo
charge your portfolio. For those wanting a low risk investment in a
great A+ area with 4 renovated units under one roof - here it is. This
4-plex is steps from ravine and school and 5 minute drive to downtown 8
mins to U.O.A. 6 minutes to Hospital.This is property has many recent upgrades and offers 4 X 2 bedroom units. Stylishly renovated up and down with coin laundry in basement. 1963 built, 6 parking stalls and wide front yard.
Terrific access to local amenities in sought after Forrest Heights. 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 this highly rentable mature neighbourhood.
Comes complete with great tenants making this a totally turn-key property for you. Forest Heights is a mature neighbourhood that is convenient for tenants working downtown or attending UOA. 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 University.
Purchase price: $692,000
Total Investment: $156,400
Your Estimated 5 Year Profit $90,462
Your pre-tax Total ROI is 58% or 12% per year
These 4 (non-conforming) 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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Jobs data more good news for Alberta but concerns remain
By Gordon Kent, Edmonton Sun, April 20th., 2017
Edmonton is sharing in Alberta's recent strong job growth as the city continues to recover from tough times created by the crash in oil prices.
The capital region gained 6,400 jobs last month, part of the province's unexpectedly large increase of 20,400 positions that was concentrated mainly in the categories of finance, insurance, real estate, rental and leasing; wholesale and retail trade; and manufacturing. READ MORE HERE
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New startups optimistic despite sluggish economy Alberta economy
By Kyle Bakx, CBC News, April 4th, 2017
Aja Horsley was working a stable job as an agriculture researcher for a Calgary college when she decided to leave and launch a startup. Seven months ago she entered the business of selling honey, and she is now selling her product on store shelves in every province in the country.
Horsley is one of a number of entrepreneurs spurning the downturn to start a new business, according to city data.
In fact, she credits some of her sweet success to the sluggish Calgary economy: it compelled her to try her absolute hardest. GRAB THIS ARTICLE
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Two Alberta economies: 20,000 new jobs, but not much for laid-off energy workers
By Reid Southwick, Calgary Herald, April 7th, 2017
The latest jobs report spins a tale of two economies in Alberta.
Statistics Canada’s labour market survey for March shows that 63,000 people — roughly the population of Medicine Hat — have been unemployed for six months or longer.
There haven’t been this many workers out of a job for so long since before the recession began. It suggests the pain of mass layoffs in the oilpatch continues to be felt by many Alberta families.
FOLLOW 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.
“Spring is Nature’s way of saying “Let’s Party!”.” -Robin Williams
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.
