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
August 1st., 2011
Volume 10, Issue 9
Dear Friends and Partners,
My buddy Greg texted me last Wednesday to see if I was in town so that we could meet for dinner. After a few messages back and forth I picked up the phone to continue the conversation and clarify our plans; so much can get missed in a text. I like meeting up with Greg whenever and wherever I can, he is always on the go. Earlier this year Greg took his design company public and has been the center of a media storm promoting his corporation and vision - He's a charismatic, busy and eligible bachelor too.
We met up at a local kid friendly cafe so that my wife and son could join in the conversation, Greg and Danielle have been friends for years, too. We listened to Greg's stories of how rival companies jetted him to NYC and London in hopes of courting a business deal or buyout. Greg also spent 1 month traveling around Buenos Aires, learning the 'true-tango'. We sipped our organic juices and then started hitting the espressos as the Latin American stories heated up.
It was a great visit and man, did we have a case of FOMO on the way home.... I know that my friend has a bit of FOMO too when he sees our family life, especially as he's stepping into his mid-40's. To be in absolute serenity may be to live in the now; be happily in the moment. But, it isn't always that way when you are constantly striving to be, do or have something more or better; be it spiritual or physical. Essentially FOMO is the modern version of keeping up with the Joneses, it is simply augmented, or even agitated, by technology.
You may not suffer from the Fear Of Missing Out, but like anyone at some point you may find yourself pining for a week (or a year) away on the desert island of your dreams. Every summer I like to take time off and focus away from my business and into the outdoors and family activities. I aim to incorporate that into everyday I have, but often don't. Enjoy YOUR summer and remember to take time off for you.
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West Central Edmonton: Cashflowing Three-Plex In Westmount
Turbo charge your portfolio. Upgraded 1948 built 3-plex with separate entrance to all units. 3 stylishly finished suites; One 2 bedroom unit on main, plus one upgraded 650 sqft. 2 bedroom suites down and a very cool 2 bedroom suite on the top floor. The upper suites have laminate, fresh paint and original hardwood. There is a common laundry room in basement. The lower unit has new paint, brand new tub and toilet as well. Lower suite walks out to a private grassy, fenced yard. There is a 2 car detached garage with brand new door and opener bringing in additional revenue. 10 minutes to NAIT, Grant MacEwan and Downtown. Fast access to Yellowhead Highway and on the bus routes. These pictures show the detail and care that went into building this quality home.
Comes complete with great tenants making this a totally turn-key property for you. Convenient Central area with easy access to transit and downtown. Excellent established neighborhood 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 $440 positive cash flow per month using an investor's mortgage plan - taking advantage of current low rates.
Purchase price: $384K Total Investment: $115K. Your Estimated 5 Year Profit $56K. Your pre-tax Total ROI is 49% or 10% per year + $440 Cash Flow in Your Pocket 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!
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Edmonton To Get 440 Affordable Housing Units
By Keith Gerian, Edmonton Journal. July 21st 2011
EDMONTON - Five Edmonton-area affordable housing projects moved closer to groundbreaking Thursday when the federal and provincial governments announced a joint $43-million investment toward construction costs.
The projects in Edmonton, Spruce Grove and Beaumont are expected to create 441 new apartment units offering rents below market value to low-income residents. FOLLOW THIS ARTICLE
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Canadian Oil; Ethical, and Sensible
By Jullien Russell Brunet, Glob and Mail. Tuesday July 19th, 2011
While the Canadian government worries about the country’s dependence on oil exports to the U.S., the security of future sales there and developing a national energy strategy, the Fraser Institute’s Mark Milke offers Americans a stark choice: It's us, or someone much more unsavoury. In short, a study released Tuesday by the Vancouver-based think tank argues that “attempts to restrict U.S. imports of Canadian oil ignore the reality of U.S. dependence on foreign oil and could force America to buy oil from repressive governments.”READ MORE HERE
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Economy Tops Agenda For Premiers' Meeting
By Jason Fekete, Calgary Herald. July 19th, 2011
EDMONTON - Ed Stelmach heads to Vancouver this week for his final Council of the Federation conference as Alberta premier, where he’ll join provincial and territorial leaders trumpeting cornerstones of his time in office: capitalizing on Canadian resources and tapping Asian markets. The economy in its many facets — jobs, investment and trade — is a top agenda item at the annual summer meeting of Canada’s 13 premiers, which runs Wednesday through Friday. 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.
"Even if you are on the right track, you'll get run over if you just sit there." -Will Rogers
Warm Regards,
Todd and Danielle Millar
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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 2011 Top Ten Investment Towns of Alberta and Ontario.
