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
November 15th., 2012
Volume 13, Issue 6
Dear Friends and Partners,
Fantastic news last week about Fort Saskatchewan's $5.7B up-grader approval. Work is slated to start as early as spring 2013 and requires 3000 full time jobs for three years - and there will be a job spin off creating an additional 3000+ support/industry jobs.
I remember these same headlines in 2003 starting to creep in. I think the growth spurt this time will be more manageable than the sharp increase and decline we had last time around. So, position yourself well, we've got a lot of green-lights lining up ahead.
Renovation Special - South Central Edmonton: 4-Suite Cashflow Property in Avonmore
Here's a renovation special that offers value and will turbo charge your portfolio. We've added all costs to renovate and calculated post-reno projections - currently renovations have not been started. Soon to be: Upgraded 1965 built suited side by side bungalow with separate entrance to lower suites. Upgraded upper suites are a 1 X 2bd and 1 X 3bd fully self contained, bright units. Renovations at time of purchase include flooring, paint and appliances. The lower units each have a 1 bedroom 900 sqft suite. Features down include new bathrooms, tiles, counters and flooring. Features include en-suite laundry. The yard is a divided and fenced. There is a double detached garage with automatic door and opener, bringing additional revenue. Additional upgrades after purchase will include new windows and exterior/upper suite modernization. 10 minutes to U.O.A., 5 Mins to Whyte Ave, Bonnie Doon and Downtown. Fast access to the Yellowhead and Whitemud via Wayne Gretzky Drive, on bus routes. These pictures are pre-renovation.
Comes complete with great tenants making this a totally turn-key property for you. Convenient South central area with easy access to transit and downtown. Avonmore is an established and desirable neighbourhood featuring highly rentable area; solid value and stable rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's trendy South side.
Produces $397.22 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $575K Total Investment: $132,120K. Your Estimated 5 Year Profit $72,069.88K. Your pre-tax Total ROI is 55% or 11% per year + $397.22 Cash Flow
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!
=========================
Communities Around New Upgrader Project looking Forward To Economic Impact
By Julia Parish, CTV News Canada, November 8th 2012
On Thursday, Sturgeon County officials said a major upgrader project, with significant economic spinoffs, has been confirmed – and construction is set to start in early 2013.
Officials said the joint project called the North West Redwater Partnership Sturgeon Refinery Project (NWR) was announced by partners North West Upgrading Inc. and Canadian Natural Upgrading Limited.
Once it’s finished, the project will be billed as the world’s first clean bitumen upgrader, and the first one to be built in the province in decades.
“This is the first upgrader that’s been done in Alberta in the last nearly thirty years,” Energy Minister Ken Hughes said. “This is a very important step forward.”
In a release, Sturgeon County Mayor Donald Rigney said the project was the result of ten years of work with the team behind the project. GRAB THIS STORY
===============
Energy Sector Grapples With Acute Labour Shortage
By Yadullah Hussain, Financial Post, October 29th 2012
Any legitimate job offering $80,000-plus as a starting salary should be an easy sell to students in these troubled economic times, right? Wrong.
“Even in Alberta there is a poor connection in the K-12 education system to find balanced information about the oil and gas industry,” says Cheryl Knight, executive director and chief executive of the Petroleum HR Council of Canada. “The environmental messaging is much more attractive and probably easier to make interesting for students everywhere. It is a key problem that our industry faces, even just outside my door.”
The Calgary-based organization, partly funded by the Government of Canada’s Sector Council Program and supported by prominent bodies such as the Canadian Association of Petroleum Producers, says this is just one of a number of challenges facing the energy industry. FOLLOW THIS ARTICLE
===============
Edmonton's low Unemployment Rate Second Only To Regina's
By Edmonton Journal, November 2nd 2012
EDMONTON - The city’s unemployment rate remained the second lowest in the country in October, according to Statistics Canada.
Unemployment in the Edmonton census metropolitan area (CMA) dipped 0.2 percentage points from the previous month to 4.3 per cent, the federal agency said. It’s the second month in a row that Edmonton has posted the nation’s second-lowest jobless rate among CMAs. Only Regina, at 3.9 per cent, was lower in October.
The federal agency said Alberta had the lowest unemployment rate in Canada in October, at 4.5 per cent. That was up 0.1 percentage points from September. READ MORE HERE
===============
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.
"Sometimes the poorest man leaves his children the richest inheritance." -Ruth E. Renkel
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.
P.P.S. Don’t forget to visit our website and take advantage of the Resource Tools and product section including REIN's #1 real estate books and Quick Start homestudy sets at a discount. Get your copy of the Canadian Success Stories book and the 2010-2014 Top Ten Investment Towns of Alberta and Ontario.
No comments:
Post a Comment