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 29th, 2017
Volume 23, Issue 04
Dear Friends and Partners,
I hope that summer been good to you. Did you take time to be with family, friends and make memories? If not now, then when. I’ve bought a ton of new audio books in a range of subjects that I hope to expand and enlighten myself with or at least, be entertained.
Fall is here and for some of us (like me) that means kids have already been in school for a few weeks and the routine has kicked into gear. Don’t get stuck though - as we finish up Q3 and get ready to enter Q4 you’ll want to continue planning and building for the new year.
We see interest rates moving upward, but still well low for great revenue buys. We see the same with property - multifamily is tighter than 6 months ago, but there are always deals if you know what to look for.
We're are transitioning our newsletter to mid-month only. The next newsletter will be November 15th, 2017. There will be more blog posts so keep an eye out there.
Central SE Edmonton: King Edward Park, Legal 4 Unit - Cashflow
Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. Despite being on a busy road, this 4-Plex attracts renters for its location. Zoned RF 4 and near the proposed LRT route, this is a great rental and long term money maker. It's a 10 minute drive to downtown and 12 minutes to U.O.A & Hospital. This property has undergone many upgrades including mechanical, windows, flooring and interior upgrading.
Well sized 3 X 2 bedroom & 1 X 1 bedroom units. Has coin laundry area as well. Built in 1966, massive parking pad, zoned RF4 and wide front yard. Terrific access to local amenities in sought after King Edward. Purchase price to include minor renovation budget to upgrade exterior to make it standout - all rolled into mortgage. This is a turn-key deal. Excellent access downtown and in this highly rent-able mature neighbourhood.
Comes complete with great tenants making this a totally turn-key property for you. King Edward Park is a mature neighbourhood that is convenient for tenants working downtown or attending U.o.A 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.
Purchase price: $721,000
Total Investment: $203,350
Your Estimated 5 Year Profit $87,665
Your pre-tax Total ROI is 43% or 8.6% 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!
=========================
Alberta’s evolving economy spins a new tale of recovery
By Claire Young, Calgary Herald, September 22nd., 2017
It turns out that when spiders go up into space, they eventually figure out how to spin webs without the help of gravity. The first webs are a bit messy and don’t work, but then the spiders adapt to new methods.
The capacity of adapting to new or unforeseen circumstances that shift the fundamentals for how work gets done is also seen in the human world, adapting to disruptors in the work world. That’s the topic of ATB Financial’s senior economist Todd Hirsch’s new book, Spiders in Space — Successfully Adapting to Unwanted Change.
It was also a thread in his economic forecast presented at the Building Industry and Land Development Alberta’s annual conference in Jasper on Sept. 15.
The price of oil crashing reverberated around Alberta, causing a fundamental shift. READ MORE HERE
=========================
Billions of dollars spent downtown changing perceptions, survey suggests
By Claire Theobald, Edmonton Journal, August 30th., 2017
A new Downtown Business Association survey suggests billions of dollars invested in Edmonton’s downtown are changing public perceptions of the area while highlighting challenges ahead as the city looks to double the number of people living in the core.
“We’ve been doing a lot of work and putting a lot of money and time and significant investment into making downtown a more inclusive and inviting place, and we’re seeing that pay off,” said Ian O’Donnell, executive director of the Downtown Business Association (DBA), speaking at the Matrix Hotel at 10640 100 Ave. on Wednesday. GRAB THIS ARTICLE
=========================
Edmonton to bid on ‘tasty morsel’ $5 Billion Amazon headquarters
By Catherine Griwkowsky, Edmonton Journal, September 8th., 2017
Online retail giant Amazon is looking for a second North American headquarters and Edmonton is hoping to be its home.
The Seattle-based business is looking to open what it calls Amazon HQ2, a $5-billion construction project that could bring with it 50,000 jobs.
Mayor Don Iveson said the Amazon request for proposals is a “tasty morsel” that made his ears perk up Thursday.
“If they’re looking for assets like great talent, affordable downtown real estate, one of the best machine learning and artificial intelligence shops in the world just down the train line from the university, I think we have a great case to make,” Iveson said. 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.
“Life is too short to be living someone else’s dream..” - Hugh Hefner
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 our next newsletter is November 15th, 2017!
