I was reading the Globe and Mail online today when a link on the side caught my eye. The title "Could investment in a second property go sideways?" I chuckled. If you have to ask then you shouldn't be buying a second property...
However, there are so many "Real Estate Riches" seminars that tell you how great real estate is (which it is) showing the insane returns possible (which there are) because of the leverage a mortgage allows. The allure is strong but the hours, days and years of WORK after the thrill of buying your investment is almost never covered.
I want to tell you, as a seasoned investor, that the most important thing you should think about when you buy a second property is it going sideways - and what your Plan A, B, C to X will be.
When you can handle any situation that your property throws at you, you are a real estate investor.
Bad Things that have happened in my rentals:
Floods
Mould
Death ( Natural and Unnatural)
Evictions
Destruction
No rent
Huge Renovations
Tenant Bankruptcy
Midnight Moves
Good things that have happened in my rentals:
Exponential ROI
Excellent tenants that improved the property
Insurance Funds coming through
Helping tenants become homeowners
Getting my initial investment out and still having the property
Mortgage free ownership
Cashflow every month
Repairs on or under budget
Increase in flexibility/time/freedom
It's ying and yang! No investment is all up and no down. That's just a life fact and yes - it even applies to investments.
Showing posts with label 10 things I didn't know about Edmonton Alberta real estate investments. Show all posts
Showing posts with label 10 things I didn't know about Edmonton Alberta real estate investments. Show all posts
Friday, July 12, 2013
Saturday, December 15, 2012
Happy Holidays!
Alberta Oil Sands Investment Real Estate News®
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., 2012
Volume 13, Issue 8
Dear Friends and Partners,
With the Holiday Season upon us make sure to spend time with your loved ones. You can't succeed if you don't recede from your work. It's the only way to get a clear picture on where you are and where you are going. So, instead of burning the midnight oil why not sit back relax and drink some eggnog.
Check out the December issue of Canadian Real Estate Wealth Magazine for the 2013 Property Forecast. You'll find our outlook on Alberta along with two other experts in the province.
From our family to yours, we wish you a happy, healthy Holiday Season and prosperous New Year! Our newsletter will resume from January 15th 2013.
North Central Edmonton: 6-Suite Cashflow Property in Kilarney
Turbo charge your portfolio. Upgraded 1969 built 1 and a half story 6 unit property with separate entrance to lower suites. Most units upper units have been renovated. You'll find spacious 3 X 2bd upstairs and bright 3 X 1bd units downstairs. Renovations at time of purchase include new roof, 2 HWT and furnaces. The 3 lower units are each 700 sqft 1 bedroom suites. Features down include some new tiles and flooring. There is common laundry down. The yard is large and partially fenced. Additional upgrades after purchase will include new windows and exterior/upper suite modernization. 5 minutes to Yellowhead, 15 to Fort Saskatchewan, 10 minutes to downtown and NAIT. Fast access to the Wayne Gretzky Drive and on bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient North central area with easy access to transit and downtown. Kilarney is a mature and desirable family neighbourhood that will benefit from the downtown airport ripple effect. 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 improving North East.
Produces $415.11 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $595K Total Investment: $138,918K. Your Estimated 5 Year Profit $75,410.23K. Your pre-tax Total ROI is 54% or 11% per year
These 6 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!
=========================
Northern Alberta's Robust Economy Focus of Talks with Harper's Cabinet Ministers
EDMONTON - Many Canadians don’t realize how vital the Alberta oilsands are to the national economy, and the need for a public dialogue based on facts is critical to the success of the industry, says the co-author of a report by a leading financial advisory firm.
“The oilsands are going to be the economic engine for the country for the foreseeable future, for the next 25 to 30 years, and it is akin to the impact of building the national railway in the 1880s,” said Marc Joiner, a partner at Deloitte in Toronto.
The firm’s report, Gaining Ground in the Sands 2013, outlines 10 obstacles and opportunities and cites the need for a national debate and some kind of unified action and direction, perhaps along the lines of the Canadian energy strategy being promoted by Alberta Premier Alison Redford.
If federal cabinet ministers Jason Kenney, Maxime Bernier and Ed Fast didn’t fully appreciate just how much northern Alberta’s oilsands-driven economy is contributing to Canada’s GDP, or the magnitude of the region’s pressing labour force needs, they do now.
A delegation of Edmonton business and educational leaders travelled to Ottawa last week, where they delivered that message in spades in private meetings with several senior members of the Harper government.
They included representatives from the Prime Minister’s Office, as well as Immigration Minister Kenney, Bernier (the Minister of State, Small Business and Tourism), and Fast, the Minister of International Trade, Minister of Asia-Pacific Gateway. GRAB THIS STORY
===============
Edmonton Tops Numbeo Quality Of Life Index, Beats Calgary, Montreal, Toronto and Vancouver
By The Huffington Post, December 3rd 2012
Edmonton beat all Canadian cities, and ranked third in the world in a Quality of Life analysis conducted by Numbeo. The festival city beat Calgary, Montreal, Toronto and Vancouver, and ranked third only to Berlin and Zurich in the index. FOLLOW THIS ARTICLE
===============
Edmonton Winning Economic Battle with Calgary
By Calgary Herald, November 30th 2012
EDMONTON - Edmonton’s economy and housing market have been improving and are outperforming Calgary on several fronts, according to an analysis from the Conference Board of Canada.
These yardsticks include faster economic and house price growth this year, along with more housing starts in four of the past five months. The city’s housing markets should remain buoyant, fuelled by healthy population advances, said Robin Wiebe, senior economist with the board’s Centre for Municipal Studies. 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.
"Once you make a decision, the universe conspires to make it happen." -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===
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.
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., 2012
Volume 13, Issue 8
Dear Friends and Partners,
With the Holiday Season upon us make sure to spend time with your loved ones. You can't succeed if you don't recede from your work. It's the only way to get a clear picture on where you are and where you are going. So, instead of burning the midnight oil why not sit back relax and drink some eggnog.
Check out the December issue of Canadian Real Estate Wealth Magazine for the 2013 Property Forecast. You'll find our outlook on Alberta along with two other experts in the province.
From our family to yours, we wish you a happy, healthy Holiday Season and prosperous New Year! Our newsletter will resume from January 15th 2013.
North Central Edmonton: 6-Suite Cashflow Property in Kilarney
Turbo charge your portfolio. Upgraded 1969 built 1 and a half story 6 unit property with separate entrance to lower suites. Most units upper units have been renovated. You'll find spacious 3 X 2bd upstairs and bright 3 X 1bd units downstairs. Renovations at time of purchase include new roof, 2 HWT and furnaces. The 3 lower units are each 700 sqft 1 bedroom suites. Features down include some new tiles and flooring. There is common laundry down. The yard is large and partially fenced. Additional upgrades after purchase will include new windows and exterior/upper suite modernization. 5 minutes to Yellowhead, 15 to Fort Saskatchewan, 10 minutes to downtown and NAIT. Fast access to the Wayne Gretzky Drive and on bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient North central area with easy access to transit and downtown. Kilarney is a mature and desirable family neighbourhood that will benefit from the downtown airport ripple effect. 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 improving North East.
Produces $415.11 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $595K Total Investment: $138,918K. Your Estimated 5 Year Profit $75,410.23K. Your pre-tax Total ROI is 54% or 11% per year
These 6 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!
=========================
Northern Alberta's Robust Economy Focus of Talks with Harper's Cabinet Ministers
EDMONTON - Many Canadians don’t realize how vital the Alberta oilsands are to the national economy, and the need for a public dialogue based on facts is critical to the success of the industry, says the co-author of a report by a leading financial advisory firm.
“The oilsands are going to be the economic engine for the country for the foreseeable future, for the next 25 to 30 years, and it is akin to the impact of building the national railway in the 1880s,” said Marc Joiner, a partner at Deloitte in Toronto.
The firm’s report, Gaining Ground in the Sands 2013, outlines 10 obstacles and opportunities and cites the need for a national debate and some kind of unified action and direction, perhaps along the lines of the Canadian energy strategy being promoted by Alberta Premier Alison Redford.
If federal cabinet ministers Jason Kenney, Maxime Bernier and Ed Fast didn’t fully appreciate just how much northern Alberta’s oilsands-driven economy is contributing to Canada’s GDP, or the magnitude of the region’s pressing labour force needs, they do now.
A delegation of Edmonton business and educational leaders travelled to Ottawa last week, where they delivered that message in spades in private meetings with several senior members of the Harper government.
They included representatives from the Prime Minister’s Office, as well as Immigration Minister Kenney, Bernier (the Minister of State, Small Business and Tourism), and Fast, the Minister of International Trade, Minister of Asia-Pacific Gateway. GRAB THIS STORY
===============
Edmonton Tops Numbeo Quality Of Life Index, Beats Calgary, Montreal, Toronto and Vancouver
By The Huffington Post, December 3rd 2012
Edmonton beat all Canadian cities, and ranked third in the world in a Quality of Life analysis conducted by Numbeo. The festival city beat Calgary, Montreal, Toronto and Vancouver, and ranked third only to Berlin and Zurich in the index. FOLLOW THIS ARTICLE
===============
Edmonton Winning Economic Battle with Calgary
By Calgary Herald, November 30th 2012
EDMONTON - Edmonton’s economy and housing market have been improving and are outperforming Calgary on several fronts, according to an analysis from the Conference Board of Canada.
These yardsticks include faster economic and house price growth this year, along with more housing starts in four of the past five months. The city’s housing markets should remain buoyant, fuelled by healthy population advances, said Robin Wiebe, senior economist with the board’s Centre for Municipal Studies. 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.
"Once you make a decision, the universe conspires to make it happen." -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===
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.
Tuesday, November 01, 2011
Start With Why
Alberta Oil Sands Investment Real Estate News®
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 1st., 2011
Volume 11, Issue 4
Dear Friends and Partners,
I listened to the audio book 'Start With Why' by Simon Sinek last week. It was pretty good. I didn't find it new or groundbreaking, but it was a good refresher. The premise of Simon's book is that all great leaders and companies have a big, clear WHY of what they are doing. This 'Why' attracts other people that identify with it. For example, here at Glenn Simon Inc. we have a catch phrase that reads "Making you successful, one property at a time". Good, clear catchy - if not super original. But the 'why' behind the late hours, long days, relentless management and due diligence resonates more like this… "
Why we created GSI and decided to work with partners is because we like to play with our kids, share a sunny afternoon with our family, travel by tuk-tuk to Denpasar with friends, eat delicious foods, create more time (to do as we like), take pictures, enjoy art, nature, the sky, adventure, grow and regrow our money, write and contribute, sponsor children, give a family a chance to rent or buy a home that they otherwise didn't have, live out loud, connect with cool, like minded, positive people - who are also doing the same, take initiative, take control and nimbly steer our own ship in the direction that resonates with our beliefs." If that Why sounds unstructured, there is a concrete set of business goals that we continually use to measure and match it.
The 'How' is by investing and managing specific pieces of real estate, very carefully. The 'What' we offer is the ability for other folks who find resonance in what we do and whom have their own unique 'Why" get on-board and leverage their time and their money to reach their 'Why'. So, what is your 'Why' and are you living it or on the path to reaching it?
===============
West Central Edmonton: Cashflowing Three-Plex In Inglewood
Turbo charge your portfolio. Legal upgraded 1960 built 3-plex with separate entrance to all units. The main floor is massive with nearly 1900 sqft of beautifully designed space, including 3 bedrooms, dining, kitchen and living room. There are 2 large 1 bedroom self contained suites downstairs. You'll find coin operated laundry on the lower floor and main floor has its own laundry. Both lower suites have their own furnace and are legally built to city code. All suites are well maintained with the main floor having some luxury touches and the basements remaining simple, nice and functional. Outside is professionally landscaped, fenced and complete with parking for 2 cars plus a double detached garage. 20 minutes to U.O.A. and 10 minutes to Grant MacEwan, NAIT and Downtown. This property has good holding value and cash-flow.
Comes complete with great tenants making this a totally turn-key property for you. Convenient West Central area with easy access to transit and downtown. Excellent established neighbourhood featuring many heritage homes; 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 developing core.
Produces $ positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $449K Total Investment: $103,498K. Your Estimated 5 Year Profit $54,039.65K. Your pre-tax Total ROI is 52% or 10% per year + $400.64 Cash Flow Every Month
Poised for massive growth. These 3 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, 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!
===============
Ottawa Announces Details Of $1B Program to Improve Army Light Armoured Vehicles
By The Canadian Press, October 21st, 2011
EDMONTON - A big part of the Canadian army's fleet of light armoured vehicles is getting a billion-dollar makeover to make them tougher, safer and more mobile.
Public Works Minister Rona Ambrose announced details Friday of the plan to upgrade 550 LAV IIIs so they can better withstand deadly roadside bombs and mines.
Ambrose said the $1.06 billion contract awarded to General Dynamics Land Systems-Canada will protect jobs at plants in Edmonton and London, Ont., and with the company's suppliers across the country.
"They will maintain 2,400 jobs across the country. These are very high-value, high-skilled jobs," Ambrose said while standing beside one of the green, 17-tonne vehicles.
"But most importantly, this upgraded equipment will make sure our men and women in uniform are safer on the battlefield." FOLLOW THIS ARTICLE
===============
Harper Sees Keystone Pipeline Prevailing with Jobs Over Nebraska
By Theophilos Argitis and Bradley Olson, Bloomberg, October 23rd 2011.
Canadian Prime Minister Stephen Harper says U.S. approval of Keystone XL, a proposed 1,661-mile pipeline from Alberta to Texas, is a “no brainer” because demand for oil and jobs will overwhelm opposition from Nebraska lawmakers.
“The need for energy in the U.S. is enormous, the alternatives for the U.S. are not good, on every level,” Harper, 52, said in a Bloomberg Television interview. Harper said he’s “confident” the pipeline will be built.
The promise of jobs will outweigh protests over the $7 billion pipeline, the prime minster said in a Sept. 21 interview. At a time when almost one in 10 Americans is unemployed, TransCanada Corp. (TRP) expects to create 20,000 jobs to build the pipeline, Chief Executive Officer Russell Girling told reporters on Oct. 7. Work for suppliers and indirect staff related to Keystone would add 118,000 jobs, according to Michigan Representative Fred Upton, who heads the House Energy and Commerce Committee. READ MORE HERE
================
Surviving and Thriving in a Sustainable Economy
Chris Turner tells stories of cities adopting new power generating methods
By Sheila Pratt, Edmonton Journal, October 22nd 2011
For oil-soaked Albertans, there are some eye-popping moments in Chris Turner's new book, The Leap, a fascinating tour of countries and places already making the transition to a renewable, low-carbon economy.Start with Turner's visit with Harald Muller and Barbara Braun, middle-class urban homeowners in Freiburg, Germany.
Their 10-yearold townhouse operates like a small power generator thanks to a bank of solar panels on the south slope of the roof. That solar energy provides more power than the family needs, so they put it back on the grid and make money on the sale - about $5,000, in fact. It didn't take long to pay off solar panels - he checked their power bills - and it made Turner wonder: Why can't we do that here? 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.
"When I chased after money, I never had enough. When I got my life on purpose and focused giving of myself and everything that arrived into my life, then I was prosperous." - Abraham/Hicks
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 home-study sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
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 1st., 2011
Volume 11, Issue 4
Dear Friends and Partners,
I listened to the audio book 'Start With Why' by Simon Sinek last week. It was pretty good. I didn't find it new or groundbreaking, but it was a good refresher. The premise of Simon's book is that all great leaders and companies have a big, clear WHY of what they are doing. This 'Why' attracts other people that identify with it. For example, here at Glenn Simon Inc. we have a catch phrase that reads "Making you successful, one property at a time". Good, clear catchy - if not super original. But the 'why' behind the late hours, long days, relentless management and due diligence resonates more like this… "
Why we created GSI and decided to work with partners is because we like to play with our kids, share a sunny afternoon with our family, travel by tuk-tuk to Denpasar with friends, eat delicious foods, create more time (to do as we like), take pictures, enjoy art, nature, the sky, adventure, grow and regrow our money, write and contribute, sponsor children, give a family a chance to rent or buy a home that they otherwise didn't have, live out loud, connect with cool, like minded, positive people - who are also doing the same, take initiative, take control and nimbly steer our own ship in the direction that resonates with our beliefs." If that Why sounds unstructured, there is a concrete set of business goals that we continually use to measure and match it.
The 'How' is by investing and managing specific pieces of real estate, very carefully. The 'What' we offer is the ability for other folks who find resonance in what we do and whom have their own unique 'Why" get on-board and leverage their time and their money to reach their 'Why'. So, what is your 'Why' and are you living it or on the path to reaching it?
===============
West Central Edmonton: Cashflowing Three-Plex In Inglewood
Turbo charge your portfolio. Legal upgraded 1960 built 3-plex with separate entrance to all units. The main floor is massive with nearly 1900 sqft of beautifully designed space, including 3 bedrooms, dining, kitchen and living room. There are 2 large 1 bedroom self contained suites downstairs. You'll find coin operated laundry on the lower floor and main floor has its own laundry. Both lower suites have their own furnace and are legally built to city code. All suites are well maintained with the main floor having some luxury touches and the basements remaining simple, nice and functional. Outside is professionally landscaped, fenced and complete with parking for 2 cars plus a double detached garage. 20 minutes to U.O.A. and 10 minutes to Grant MacEwan, NAIT and Downtown. This property has good holding value and cash-flow.
Comes complete with great tenants making this a totally turn-key property for you. Convenient West Central area with easy access to transit and downtown. Excellent established neighbourhood featuring many heritage homes; 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 developing core.
Produces $ positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $449K Total Investment: $103,498K. Your Estimated 5 Year Profit $54,039.65K. Your pre-tax Total ROI is 52% or 10% per year + $400.64 Cash Flow Every Month
Poised for massive growth. These 3 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: renovation costs, 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!
===============
Ottawa Announces Details Of $1B Program to Improve Army Light Armoured Vehicles
By The Canadian Press, October 21st, 2011
EDMONTON - A big part of the Canadian army's fleet of light armoured vehicles is getting a billion-dollar makeover to make them tougher, safer and more mobile.
Public Works Minister Rona Ambrose announced details Friday of the plan to upgrade 550 LAV IIIs so they can better withstand deadly roadside bombs and mines.
Ambrose said the $1.06 billion contract awarded to General Dynamics Land Systems-Canada will protect jobs at plants in Edmonton and London, Ont., and with the company's suppliers across the country.
"They will maintain 2,400 jobs across the country. These are very high-value, high-skilled jobs," Ambrose said while standing beside one of the green, 17-tonne vehicles.
"But most importantly, this upgraded equipment will make sure our men and women in uniform are safer on the battlefield." FOLLOW THIS ARTICLE
===============
Harper Sees Keystone Pipeline Prevailing with Jobs Over Nebraska
By Theophilos Argitis and Bradley Olson, Bloomberg, October 23rd 2011.
Canadian Prime Minister Stephen Harper says U.S. approval of Keystone XL, a proposed 1,661-mile pipeline from Alberta to Texas, is a “no brainer” because demand for oil and jobs will overwhelm opposition from Nebraska lawmakers.
“The need for energy in the U.S. is enormous, the alternatives for the U.S. are not good, on every level,” Harper, 52, said in a Bloomberg Television interview. Harper said he’s “confident” the pipeline will be built.
The promise of jobs will outweigh protests over the $7 billion pipeline, the prime minster said in a Sept. 21 interview. At a time when almost one in 10 Americans is unemployed, TransCanada Corp. (TRP) expects to create 20,000 jobs to build the pipeline, Chief Executive Officer Russell Girling told reporters on Oct. 7. Work for suppliers and indirect staff related to Keystone would add 118,000 jobs, according to Michigan Representative Fred Upton, who heads the House Energy and Commerce Committee. READ MORE HERE
================
Surviving and Thriving in a Sustainable Economy
Chris Turner tells stories of cities adopting new power generating methods
By Sheila Pratt, Edmonton Journal, October 22nd 2011
For oil-soaked Albertans, there are some eye-popping moments in Chris Turner's new book, The Leap, a fascinating tour of countries and places already making the transition to a renewable, low-carbon economy.Start with Turner's visit with Harald Muller and Barbara Braun, middle-class urban homeowners in Freiburg, Germany.
Their 10-yearold townhouse operates like a small power generator thanks to a bank of solar panels on the south slope of the roof. That solar energy provides more power than the family needs, so they put it back on the grid and make money on the sale - about $5,000, in fact. It didn't take long to pay off solar panels - he checked their power bills - and it made Turner wonder: Why can't we do that here? 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.
"When I chased after money, I never had enough. When I got my life on purpose and focused giving of myself and everything that arrived into my life, then I was prosperous." - Abraham/Hicks
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 home-study sets at a discount. Get your copy of the Canadian Success Stories book and the 2011 Top Ten Investment Towns of Alberta and Ontario.
Thursday, July 07, 2011
Cornerstone Project - II
I'm continuing my Cornerstone Project basement suite development series. Please read the first post here.
In order to get funding for the Cornerstone Project you have to provide a series of documents. Most are relatively easy to get together but timing is crucial especially with the permit.
What you need:
1. Two itemized estimates of the total construction cost of the proposed suite - easy enough it would seem. If you have contractors you trust and use regularly have them come by and took a look. We actually had 8 contractors come through to get 2 quotes that ranged by about $15k. Make sure you get a lot of estimates so you have a good idea of what's out there and what is inline for costs.
2. Copy of Development Permit and Building Permit/ Electrical Permit - This one takes A LONG time. Think 4 to 8 weeks. If you think you'll get the suite up and be rented withing 6 weeks it's ambitious. The permit requires a lot of documents of it's own so prepare well, reserve a lot of time and plan for 2-month turnover before you can even start renos.
A) Development Permit and Building Permit for the City of Edmonton requirements:
i. Pictures from all angles of the property
ii. The Real Property Report - it must show 3 parking spots NOT including street parking (I know)
iii. A drawing of the space to be renovated including
-size and uses of all rooms
-locations of doorways
-floor to ceiling height
-direction the doors open
-window size and locations
-location of smoke alarms and carbon monoxide detectors in main suite, basement suite, furnace room and top of exit stairwell
-plumbing and electrical changes
-construction materials
There must also be a true to scale drawing of the main floor above the suite. Our contractor did a basic drawing and I finished off all the details. I'm pretty artistically challenged and my walls didn't line up but as long as you "do your best" they will accept it ~ within reason of course.
The permit cost a total of $724.88 $260 of that is basic fee for Secondary Suite built within and Existing House and the rest depends on the cost of your renos.
Electrical Permit - generally the contractor pulls this.
3. Copy of land title or a valid offer to purchase to confirm the ownership of the property - an accepted offer is great or if you've owned the property for a while get title from the Registry office.
4. Copy of a current property tax notice/assessment - we just squeaked by on this as the vendors had not paid any taxes for 2011. Taxes are due by June 30 of the tax year and our closing date was June 24th. We went down to city hall and paid the arrears of course funds were credited to us in the sale. Make sure your taxes are up to date.
5. Confirmation of project financing - simply a bank statement showing you have the funds.
If you take away anything from this it's give yourself enough time to get the permit.
In order to get funding for the Cornerstone Project you have to provide a series of documents. Most are relatively easy to get together but timing is crucial especially with the permit.
What you need:
1. Two itemized estimates of the total construction cost of the proposed suite - easy enough it would seem. If you have contractors you trust and use regularly have them come by and took a look. We actually had 8 contractors come through to get 2 quotes that ranged by about $15k. Make sure you get a lot of estimates so you have a good idea of what's out there and what is inline for costs.
2. Copy of Development Permit and Building Permit/ Electrical Permit - This one takes A LONG time. Think 4 to 8 weeks. If you think you'll get the suite up and be rented withing 6 weeks it's ambitious. The permit requires a lot of documents of it's own so prepare well, reserve a lot of time and plan for 2-month turnover before you can even start renos.
A) Development Permit and Building Permit for the City of Edmonton requirements:
i. Pictures from all angles of the property
ii. The Real Property Report - it must show 3 parking spots NOT including street parking (I know)
iii. A drawing of the space to be renovated including
-size and uses of all rooms
-locations of doorways
-floor to ceiling height
-direction the doors open
-window size and locations
-location of smoke alarms and carbon monoxide detectors in main suite, basement suite, furnace room and top of exit stairwell
-plumbing and electrical changes
-construction materials
There must also be a true to scale drawing of the main floor above the suite. Our contractor did a basic drawing and I finished off all the details. I'm pretty artistically challenged and my walls didn't line up but as long as you "do your best" they will accept it ~ within reason of course.
The permit cost a total of $724.88 $260 of that is basic fee for Secondary Suite built within and Existing House and the rest depends on the cost of your renos.
Electrical Permit - generally the contractor pulls this.
3. Copy of land title or a valid offer to purchase to confirm the ownership of the property - an accepted offer is great or if you've owned the property for a while get title from the Registry office.
4. Copy of a current property tax notice/assessment - we just squeaked by on this as the vendors had not paid any taxes for 2011. Taxes are due by June 30 of the tax year and our closing date was June 24th. We went down to city hall and paid the arrears of course funds were credited to us in the sale. Make sure your taxes are up to date.
5. Confirmation of project financing - simply a bank statement showing you have the funds.
If you take away anything from this it's give yourself enough time to get the permit.
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