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
May 14th., 2013
Volume 14, Issue 6
Dear Friends and Partners,
Like him or hate him, Kevin O'Leary delivers some sage advice in his interview below, be certain to read it!
Spring has sprung and with it lots of activity in the housing market. Lots of new listings and for homes that are well prices ($300K-$340K) are selling fast. Townhouses continue to lag in pricing and multifamily are selling fast and for higher prices than last fall.
I have seen tax assessments jump a $100K for small multifamily in target areas - good for what you're holding, bad for what you want to buy.
Get positioned now as there are still bargains out there.
East Edmonton: Legal Triplex Cashflow Property near River Valley
Turbo charge your portfolio. Upgraded 1940 built legal 3 unit property with separate entrance to each suite. All units to be upgraded using our Purchase Plus Improvements strategy at purchase time and costs wrapped into mortgage. You'll find a spacious 4 BD main floor unit, a 3 BD + loft upper unit and a bright 2 BD unit downstairs. There is en-suite laundry for each unit as well.
Each unit has its own parking space and a double detached garage adds cash-flow. 2009 Safe Housing certificate approved. Excellent location a short walk to Ada Boulevard and surrounding River Valley. 7 minutes to downtown Edmonton, ravine, with routes to the Yellowhead and Wayne Gretzky Drive minutes away, 15 minutes to UOA and NAIT. Fast access to to all bus routes.
Comes complete with great tenants making this a totally turn-key property for you. Convenient east central area with easy access to transit and downtown. Highlands is a mature, sought after area near the River Valley. 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 River Valley.
Purchase price: $550,000K Total Investment: $127,135K. Your Estimated 5 Year Profit $76K. Your pre-tax Total ROI is 60% or 12% per year
These 3 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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Lamphier: From the Dragon's mouth: Kevin O'Leary talks oil, government and the Chinese economy
By Gary Lamphier, Edmonton Journal, May 2nd 2013
EDMONTON - He’s the flinty, blunt-spoken star of two hit TV shows: CBC’s Dragons' Den and ABC’s Shark Tank.
Along with business journalist Amanda Lang — whom he calls “the best-looking communist on television” — he also co-hosts CBC’s daily Lang & O’Leary Exchange.
Love him or loathe him — and there are plenty of folks in the latter camp — Kevin O’Leary’s snarling mug is everywhere these days.
Like hockey loudmouth Don Cherry or real estate mogul Donald Trump, O’Leary’s bombastic, in-your-face style has earned him a kind of cult celebrity status.
The founder of The Learning Co., which he sold to Mattel for nearly $4 billion in 1999, O’Leary chairs a billion-dollar mutual fund empire (O’Leary Funds), boasts his own line of award-winning wines (O’Leary Fine Wines), and is the best-selling author of The Cold Hard Truth on Men, Women & Money. FOLLOW THIS ARTICLE
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Alberta Forecast to Lead Economic Growth in 2014
By Mario Toneguzzi, Calgary Herald, April 30th 2013
Alberta's economy will be second to Newfoundland & Labrabor in terms of 2013 growth before leading the country next year, according to a new RBC Economics forecast.
It said Alberta's real growth domestic product will increase 3 per cent this year, with Newfoundland and Labrador at 5.1 per cent. Nationally, growth is forecast to be 1.8 per cent.
The RBC report says Alberta will best all provinces in 2014 with real GDP growth of 4.2 per cent.
Statistics Canada last week said Alberta, for a second straight year, led the country with growth of 3.9 per cent in 2012, compared with 1.8 per cent across the country. GRAB THIS STORY
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International Price Gap for Heavy Oil a Wasted Opportunity for Alberta
By Shawn McCarthy, Globe and Mail, May 2nd 2013
Heavy oil producers are receiving top dollar in international markets, even as Alberta oil sands producers face ongoing frustration in trying to reach the refiners who are eager to process their diluted bitumen.
Petroleos Mexicanos (Pemex) competes with Canadian heavy oil producers in the Gulf of Mexico, and its heavy Mayan crude is currently priced at $96 (U.S.) a barrel, $5 more than the trendsetting light crude, West Texas Intermediate, and nearly $30 more than Canadian heavy crude was fetching in the North American futures market. GRAB 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.
"The life of every man is a diary in which he means to write one story, and writes another." -James Matthew Barrie
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 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.
