Market Snapshot

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


June 1st., 2016
Volume 20, Issue 10

Dear Friends and Partners,

Here we are starting into June. It is said that kids age you. What I interpret that to mean is that ‘kids make you aware of time.’. You begin to measure the year in terms of school, birthdays and sports events; that is a great blessing. How ever you count it, here we are.

The market has stayed relatively buoyant, all things considered. The recent uptick in oil and a strengthening CDN dollar are helping too. Rents have plateaued for the time being. Through good management and a lot of hustle, you can stay rented. Prices have softened considerably in certain neighbourhoods where inventory is ample. In the 4-10 unit multifamily market, you'll still need to hunt out the good (location & priced) deals. Edmonton and Alberta remain in a precarious position for the short-term (1-2+ years) but the long-term outlook is strong.

- Please note the next issue of our newsletter will be July 1st 2016. But don’t you worry; visit our Blog to stay updated until then! - 

North Glenora: Renovation Deal - Side by Side: 4-Unit + Cashflow

Turbo charge your portfolio. Great area, non-conforming soon to be 4-unit (side by side duplex style) is 7 minutes to downtown; in the heart of North Glenora.This property can apply for legal suite zoning and upgrades to make legal.

This is property is in fair shape and can have upgrades done using a PPI strategy to add legal suites and upgrades. 1954 built, newer roof, some windows, kitchen and laundry. Terrific access to local amenities in sought after North Glenora. Includes a double garage and has a large lot.

Purchase price to include reserve fund and extensive renovation budget to build lower suites - rolled into mortgage. This property will shine! This is a turn-key deal. Excellent access downtown and in the highly rent-able and desirable neighbourhood of North Glenora.

Comes complete with great tenants making this a totally turn-key property for you.  North Glenora is a mature neighbourhood that is convenient for tenants working downtown and attending Grant MacEwan. 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 includes projected $60K in renovations.

Purchase price: $625,000
Total Investment: $149,240
Your Estimated 5 Year Profit $51,330
Your pre-tax Total ROI is 50% or 10% 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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Gary Lamphier: Toronto transplant John Rose now Edmonton’s economic guru

By Gary Lamphier, Edmonton Journal, May 20th., 2016

After spending seven years abroad with Canada’s Foreign Affairs Department and more than two decades with some of North America’s largest consulting firms, John Rose had an epiphany.

It was early 2010, he was in his late 50s, his marriage was over, his children had grown up. His house had grown quiet. “Basically, I woke up one day and the nest was empty. I’d been in Toronto for 23 years and I thought, ‘What am I doing here?'”

“So I started looking around for other opportunities. Then I saw this ad for the City of Edmonton and I thought, well, I’d been consulting to municipal and regional governments for decades, so maybe it would be nice to be on the other side.”   READ MORE HERE 

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Alberta Oilsands future appears strong economists say

By Gordon Kent, The Edmonton Sun, May 18th, 2016

The future of the oilsands looks bright despite the economic and environmental challenges they’ve faced over the last 18 months, a University of Alberta energy expert said Wednesday.
Oil prices that now hover between $45 US and $50 US a barrel are projected to rise to $80 US a barrel within five years, helping spur an extra one million barrels in daily oilsands production by 2030, said Carmen Velasquez, executive director of energy programs at the Alberta School of Business.

While that rise — to 3.5 million barrels of raw bitumen a day from the 2.5 million produced last year — is lower than earlier projections, expenses are also going down, she told an Economics Society of Northern Alberta luncheon.   GRAB THIS ARTICLE


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Calgary Film Center opens for business

By Melissa Ramsay, Global News, May 19th, 2016

The Calgary Film Centre opened its doors on Thursday, bringing hope to Alberta’s oil-battered economy.

The facility, located at 5750 76 Avenue S.E., features three sound stages; one 20,000-square-feet, one 18,000-square-feet and one 12,000-square-feet.   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.

“We know what we are, but know not what we may be.” -William Shakespeare

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.

Love him or loathe him...

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


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.

Serious Value - Cash Cow 6 Unit Property - Excellent Return

I very rarely send out properties to my potential partners without knowing their exact criteria and having a target property profile in place.

However... An exceptionally well performing property is just becoming available. A property that in my mind will be an invaluable asset to your portfolio.

Without any hype or baloney you can enter into this profitable 6 unit building if you move quickly. The contract that I have on it ends 2/18/11 and then it will be listed publicly.

Tap into your equity, use your LOC or cash.

This is a 100% Turn-Key investment.

Property Details:

- 1971 Built 6 suiter.
- 6 kitchens, 6 bathrooms, 6 private entrances, 4 laundries en-suite, 2 shared (communal) laundry areas
- Shows a 10/10
- Recent upgrades (roof and interior)
- Good area in Central North East Edmonton neighborhood across from greenbelt. 3 minutes from the Yellowhead highway
- Fully tenanted
- $25K UNDER MARKET VALUE

5 Year Estimated Profits Based on 3% Appreciation:

- Your approximate 5 year pre-tax return is $94,554.00
- 77% ROI on Your Money: 15% Per Annum
- Monthly net cashflow is $1294.00

(Profits are calculated AFTER your initial capital has been returned)

Requirements:

- Partner must be able to qualify for $400K mortgage (this can be arranged)
- $122.3K Initial investment (includes downpayment, reserve fund, legal and repair)
- Approximate 5 year term

Actions Required:

- Call 1-888-780-5940 to speak directly with Todd regarding JVP structure to proceed
- Email info@glennsimoninc.com with your contact details and best time to call
- Full detailed pro-forma with pictures will be supplied

If you have a friend or colleague that you think can benefit from this investment, I welcome your personal introductions.

Thank you,

Todd Millar-

Get Money in Your Pockets - Great Cashflowing 4 Plex

West Central, Edmonton: Cashflowing Four-Plex In Queen Mary Park

Turbo charge your portfolio. Upgraded character 4-plex with separate entrances. There are two 3 bedroom upper suites with 1200 sqft each and private upper entry, coved ceilings and newer carpet. The two lower 1 bedroom suites have approximately 800 sqft.+ each private rear entry through landscaped, fenced yard. Tenants love the location with access to UOA, Grant MacEwan, hospital and transit. There have been many recent upgrades including new hot water tank and roof. There is also an oversized double detached garage generating extra revenue. These pictures show the detail and care that went into building this home.

Comes complete with great tenants making this a totally turn-key property for you. Convenient West Central area with easy access to LRT, Downtown and Yellow Head Highway. Excellent neighborhood that demands high resale value and rents. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this home in relation to Edmonton's mature core.

Produces $769 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.


Poised for massive growth. These 4 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: 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!

Purchase price: $565K Total Investment: $127K. Your Estimated 5 Year Profit $84K. Your pre-tax Total ROI is 66% or 13% per year + $769 Cash Flow in Your Pocket Every Month

“Get into action and realize secure, long-term profits” 

Already producing a great RETURN.
Visit for the full FEATURE sheet and call 1-888-780-5940 to get started.




-Please remember: All investments carry RISK. Be sure to seek your own independent legal advice-

3 Days of Head Stretching

Dear Friends and Partners,


This past weekend was the opposite of spending time in the jungle getting your head shrunk, it was investing your time in the city getting your head s-t-r-e-t-c-h-e-d. I was at the REIN Multi-family investing event with many of you and had a fantastic time. For those that didn't get a chance to attend, you missed out seeing many dynamic speakers and some timely information.



We took a bus trip around Edmonton, St. Albert and Beaumont where we heard the local mayors speak about the economic fundamentals of the towns. Even if these areas aren't your targets, it is always good to hear what is happening and get your feet on the ground.



As the bus weaved its way through Edmonton, there were many neighborhoods we passed where our properties are within a minute's walk away- a testament to the diligence and system we use to select our properties for you.



Highlighting Saturday's event for me was Derek Lobo's presentation. Derek is North America's leading multi-family lease and marketing specialist. He touched on methods he uses to scour the market and pluck investment nuggets from. Thomas Beyer of Prestigious Properties (owner of a 1200 unit portfolio) also shared his insights into determining value and the stress involved in owning real estate. 



Topping of the weekend was Terry Paranych - one of the most engaging, dynamic and off the wall folks in the real estate industry. Terry is a phenomenal marketer and salesman. He has created a portfolio of Edmonton properties that generate in excess of $100K positive cashflow per month. Read that last line again if you didn't catch it.... $100K per month positive cashflow. Terry gives back a lot and is a great guy to boot!

North East Edmonton: Cashflowing 6-Plex In Gentrifying Neighborhood

Turbo charge your portfolio. In the slow and steady neighborhood of Eastwood you'll find a good mix of suites in this apartment building. There is 1 X 3 bedroom suite, 3 X 2 bedrooms, and 2 X 1 bedrooms. Suites have had new flooring and some upgrading. Each apartment is separately metered and there are six individual, energized parking stalls. The suites are legal, conforming and well located near shopping and the LRT. There is a shared coin laundry down generating extra revenue. These pictures show the front and side of the building, with additional care the curb appeal and value can be increased. 



Comes fully tenanted making this a totally turn-key property for you. Convenient North East area with easy access to LRT, Downtown and Ring Road. Working class neighborhood that is desirable for renters and potential re-salability value. HUGE upside potential due to the great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's improving North East-side.



Produces $1665 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.



Poised for massive growth. These 6 suites rent for top dollar and have everything arranged, including financing structure and incredible tenants. Your investment includes: 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!



Purchase price: $650K Total Investment: $161K. Your Estimated 5 Year Profit $117K. Your pre-tax Total ROI is 72% or 14% per year + $1665 Cash Flow in Your Pocket Every Month



“Get into action and realize secure, long-term profits” 

Already producing a great RETURN. Visit for the full FEATURE sheet and call 1-888-780-5940 to get started.



-Please remember: All investments carry RISK. Be sure to seek your own independent legal advice-

"Begin today, so that tomorrow you are no longer dreaming you are achieving" -Don Campbell



Kind Regards,



Todd and Danielle Millar