Tuesday, January 14, 2014

It could be today....

January 14th., 2014
Volume 15, Issue 10

Dear Friends and Partners,

Welcome to our first issue of 2014.

As you might know I belong to Steve Chandler's group Wealth Warrior. Here is a great quote that he included in his last email that I think reflects well the start of the year.

"You can start over today. You can see when it was that you decided you didn't make a difference, make note of it, and then begin as if you no longer had a past at all. How do I know this? Because I just did it today!"  

Steve goes on to say that we should take what we do (whatever that may be) and add expression to it.

 I create a 1-year goal setting strategy and then implement each quarter into my daily agenda. I review the progress at each quarter's end and see what I need to continue forward with, what has been achieved and what needs to be dropped. The last part is key; something need to be dropped. I'll look at my targets and add Steve's wisdom to the ones that I have trouble reaching, sort of seeing it in a new light.

How about you, are you excited for the New Year or is everyday just another day on the calendar? It just may be and if that day is lived 100%, then that's a fabulously satisfying goal to have reached.

I think we're going to have a good year in Single Family Residential properties and multifamily sales here in Edmonton. Supply is tight for well priced, quality multifamily. SFR and suited houses will be good buys this year. Provided the purchase price supports rent when stress tested (rents fall/rates increase).

I think town houses and condos will remain flat making it a good time to buy and a competitive time to sell. If selling, you need to have your property stand out in the crowd by being well renovated as well as well priced. Take advantage of the lower mortgage rates and strategically build your portfolio with the intention to have it weather both the good times and the bad.

North East Edmonton: 4-Unit Cashflow Property in Belvedere

Turbo charge your portfolio. This legal-4plex is located in the mature and transitional area of Belvedere. Partially upgraded in 2000, this 1969 built property has a common front entrances for all suites as well as common back entrance to suites and coin-laundry. There are 3 X 2 BD and 1 X 1BD.  Suites are in fair condition, but will require modernizing by our reno team.

This property has been rented to longterm, senior citizen tenants. Rear parking pad for 6 cars. Spacious upper units have newer carpet, some upgraded fixtures and paint. Good access to Belvedere LRT, Fort Road and downtown. Fast access to bus routes and Saskatchewan Drive. (This is part of a 4X 4-Plex property package located in transitional areas of Belvedere and Baldwin )

Comes complete with great tenants making this a totally turn-key property for you. Convenient north east area with easy access to transit and downtown. Baldwin is a mature/transitional area. Highly rentable; solid value and increasing rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.

Purchase price: $625K
Total Investment: $146K.
Your Estimated 5 Year Profit: $82K.
Your pre-tax Total ROI is 56% or 11% 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!


Edmonton economy coming up in roses 2014 - expert

By Editor, The St. Albert Leader, January 2nd, 2014

Everything is coming up roses in Edmonton, says the city’s chief economist.

In a year-end interview last week, John Rose said the city had another stellar year on the job front.  Employment growth should come in the three per cent range for this past year, significantly higher than the national average, he said.

Over the past year, one of every 10 jobs created in Canada has been created in the metro Edmonton region.  FOLLOW THIS ARTICLE


How Alberta's supercharged economy defies the laws of price inflation

By Todd Hirsch, The Globe and Mail, January 3rd, 2014

Most of us were taught that price inflation is driven by a fundamental imbalance: too much money chasing too few goods.
In Canada, the data seem to support this theory. Real economic growth wallowed below 2 per cent for most of last year, and average weekly earnings rose a paltry 1.4 per cent in the year to October, 2013. Not surprisingly, consumer price inflation in Canada is benign. Over the past twelve months, the annual inflation rate has averaged a mere 1.3 per cent. 


Lamphier: Arena project good for Edmonton - but better for Katz

By Gary Laphier, Edmonton Journal, January 9th, 2014

EDMONTON - It’s no secret: I’ve never been a big fan of the deal the city cut with Daryl Katz to build a new downtown arena.
In my view, the pact gives the Oilers’ billionaire owner virtually all of the financial upside from the project, in return for shouldering only a fraction of the costs.

My views haven’t changed. If anything, the deal looks even more lopsided with each passing month.

Under terms of Rogers Communications’ blockbuster 12-year, $5.2-billion deal to secure exclusive Canadian TV rights to the National Hockey League announced last month, the Oilers will receive $8.9 million a year, starting with the 2014-2015 season.  GRAB 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.

"Write it on your heart that everyday is the best day of the year." - Ralph Waldo Emerson

Warm Regards,

Todd and Danielle Millar


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 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.

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