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 15th, 2017
Volume 23, Issue 06
Dear Friends and Partners,
The importance of being in the now and goals. I’ve found that I get the best results out of my life by planning. I write goals, actions steps and ‘get after it!’ I measure the goals quarterly and adjust as needed. This works for me. Another thing I’ve been trying to do more is ‘be in the moment’. Here’s the trick – you can make the moment last as long as you like. Doing this allows me to enjoy what I have accomplished while still being in the mode of doing more. I’m grateful and I’m active. Try it, if you’re not already doing it.
2018 is just around the corner. I hope that you'll aim high, reach your target and have fun along the way.
As mentioned earlier, we won’t be doing a twice monthly formatted newsletter as before. Instead we shall blog more often and occasionally send out updates via mailing list. So – you need to check in often if you want to follow us & what is happening in the Edmonton real estate investment market.
Wishing you the best of the holidays and the New Year ahead!
Thank you for all your support! Todd & Danielle Millar
Central SE Edmonton: Forest Heights, 4 Unit - Cashflow
Turbo charge your portfolio. Low risk investment in a great area that is surrounded by terrific, sought after neighbourhoods. This legal 4-Plex has independent addresses for each unit. It attracts renters who want a self contained suite in an easily accessible location. Zoned RF 4 and near the proposed LRT route, this is a great rental and longterm money maker. 12 minute drive to downtown 16 mins to U.o.A & Hospital.This property has undergone some upgrades but will need more to make it shine which will be combined into mortgage. Well sized with 4 X 3 bd units. 1960 built, double garage, massive lot, zoned RF4 with smaller front yard. Terrific access to local amenities in sought after Forest Heights. All major renos done - purchase price to include renovation budget to upgrade exterior/interior to make it standout - all 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 Height 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: $682,000
Total Investment: $161,000
Your Estimated 5 Year Profit $100,313
Your pre-tax Total ROI is 62% or 12% 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!
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Alberta’s oil sector is trying to recover and “make $50 oil work” but analyst Todd Hirsch says the slow growth may allow agriculture to expand with less competition for labourers.
By Barb Glen, Western Producer, December 7th., 2017
Southern Alberta’s focus on agriculture has cushioned it against the recession that devastated parts of the province where the energy sector was the economic engine.
Todd Hirsch, chief economist with ATB Financial, told those at the Alberta Irrigation Projects Association water conference Nov. 21 that agriculture has created a more consistent economic base in the south because of the sector’s ability to control costs and improve efficiency.
Though by some measures the recession is over in Alberta, Hirsch didn’t support that supposition in his keynote address.
READ MORE HERE
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Opinion: Alberta needs industry incentives to diversify the economy
By Lori Kent, Edmonton Journal, December 2nd., 2017
Alberta continues to endure the boom-and-bust struggle of a resource-based economy.
The benefits of diversifying Alberta’s economy are well-documented and most experts agree that economic diversification is imperative to the success of our province and our nation. Yet it is slow to be realized. Alberta has largely failed to attract new investment in energy-diversification projects, which has led to continued volatility in the economy, less opportunity for our children and less spending on social programs.
GRAB THIS ARTICLE
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Albertans could be about to lose billions, while banks reap a windfall
By Fenner Stewart, Financial Post, December 6th., 2017
Last month, the Supreme Court of Canada announced it would review a judgment of the Alberta Court of Appeal that threatens to eviscerate Alberta’s oil-well abandonment and reclamation program.
The Alberta court’s decision had blocked the Alberta Energy Regulator (AER) from ensuring that proceeds from the sale of a bankrupt exploration and production company’s wells are used to satisfy its outstanding environmental obligations. In short, the decision grants lenders the right to separate the wheat from the chaff when a borrower goes bankrupt.
The problem is that the chaff is the abandonment and reclamation of non-producing wells.
How dire is it that financing for the abandonment and reclamation of wells is lost?
BONUS: 2018 KEY CHARTS
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.
“Write it on your heart that everyday is the best day of the year.” -Ralph Waldo Emerson
Warm Regards,
Todd and Danielle Millar
===SPECIAL NOTICE: NO CASH, BUT GOOD CREDIT? CALL US TODAY TO LEARN HOW YOU CAN OWN INVESTMENT PROPERTY===
