Edmonton Real Estate Investor: snow in real estate

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 14th., 2013
Volume 15, Issue 9

Dear Friends and Partners,

It's been an eventful few weeks. We've watched the world pay tribute to Nelson Mandela passing, have taken part in some amazing charity drives, heard about energy expansions, new projects going up and of course have shoveled, shoveled and shoveled the snow... In less than an hour I will wade out to look at an unlisted 4-Plex and write an offer on another one in the Westside of Edmonton.

Once again, Edmonton and the province of Alberta seem to be revving the engines for a hot new year. If you follow the real estate cycles, you'll see that 2015 should lead into a time of increasing values provided the economy holds steady. With rates very low and an influx of workers, the stars are once again lining up for property investors...

Do what I do at year end: make a killer plan of what you're going to achieve. Write out your financial, health, travel, family and business goals plus a quarterly plan of how you're going to implement them. Review your biggest hits, and your stumbles of this past year and make changes where needed.

And, most importantly, before you do all that, take the time to thank those in your life that you are grateful for. Take a break over the holidays and CONNECT with someone you care about.

I'd like to thank you for reading, supporting and taking the time to work and play with us this year. Wishing you a wonderful holiday season and a tremendous 2014.
Todd and Danielle -

= Happy Holidays! We will be closed between December 20th and January 6th. Your newsletter will resume from January 15th 2014. Have a blessed season and gracious New Year. =

North East Edmonton: 4-Unit Cashflow Property in Baldwin

Turbo charge your portfolio. This legal-4plex is located in the mature and transitional area of Baldwin. Upgraded in 2000 this 1973built property has a common front entrances for all suites as well as common back entrance to suites and coin-laundry.

There are 3 X 3 BD and 1 X 2BD. Newer boiler. Suites are in good condition, but will require modernizing by our reno team. This property has been rented to long-term, senior citizen tenants.

You'll find a double detached garage, adding extra income. Spacious upper units have original hardwood, some upgraded fixtures and paint. Good access to Belvedere LRT, Fort Road and downtown. Fast access to bus routes and Saskatchewan Drive.

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 rent-able; 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: $640K
Total Investment: $148,418K
Your Estimated 5 Year Profit: $82,026.58K
Your pre-tax Total ROI: 55% 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!

=========================

Lamphier: Edmonton is job central in Canada

By Gary Lamphier, The Edmonton Journal, December 6th, 2013
EDMONTON - Just how hot is the Edmonton region’s jobs juggernaut?

Well, consider this: “Over the past year, fully one of every 10 new jobs created in Canada has been created in the metro Edmonton region,” says John Rose, the City’s chief economist. “That’s truly remarkable.”

With a population of 1.2 million people, this region accounts for just 3.4 per cent of Canada’s 35 million residents. Yet it generated new jobs at a pace on par with a region of 3.5 million people, roughly the size of greater Montreal. FOLLOW THIS ARTICLE

===============

Alberta Economy Fastest Growing in Canada

Forecast 3.4% Annual Growth in 2014

By Mario Toneguzzi, The Calgary Herald, December 9th, 2013

CALGARY - Alberta has been the largest contributor to economic growth in the country for three consecutive years, outpacing the much larger economies of Central Canada, says a new report released Monday by the Conference Board of Canada.
And the board’s Provincial Outlook: Autumn 2013 report said Alberta will have the fastest growing provincial economy in 2014 with 3.4 per cent year-over-year growth.

Alberta will have the fastest growing provincial economy in 2014.

“Alberta’s outlook is so exceedingly bright right now in the context of all the risks that we’re seeing going on in the world. We’re seeing Alberta coming off two years of exceedingly strong growth,” said Todd Crawford, senior economist with the board. “And 2013, 2014, we’re going to see GDP growth of 3.2 per cent, 3.4 per cent over the next two years. GRAB THIS STORY

===============

http://www.bbc.co.uk/news/business-25054229

Booming Canada Recruits British and Irish Workers

By Ayesha Bhatty Clough, BBC News, December 4th, 2013

Visit any construction site in Calgary and you're likely to find some British and Irish workers, says Adrian Bourne, the boss of a company that supplies electricians in the Canadian city.
Out of the 200 people that Mr Bourne has on his books, 70 are from the UK and Republic of Ireland.

Mr Bourne, who is originally from Manchester, England, says he could do with dozens more from across the Atlantic.

"If we put an ad in a [local Canadian] paper, we may get one response," says the president of Unitech Electrical Contracting.

"[As a result], instead of bidding on three projects, we bid on one," says Mr Bourne, whose men are all busy working on the Calgary airport expansion, new office towers, schools, hospitals and retirement homes. "The number one question we get when closing a tender is, 'Have you got enough labour?'" he adds. 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.

"The best of all gifts around any Christmas tree: the presence of a happy family all wrapped up in each other." - Burton Hillis

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.

to this

? picture courtesy of It's lovely! I'll take it!

Does snow make everything ok? Remember the first heavy snowfall of the year. You're out walking with warm mitten clad hands, toasty boots and a gut full of cocoa or perhaps a nice cognac for those so inclined. As you walk you can hear the crunch-crunch-crunch of snow underfoot.

You look around everything appears clean and pretty. Even the broken down house on the corner looks better, the garbage in the yard hidden away by the cover of a dreamy blanket.

If you live in B.C., it rains the next day and all the crud comes back up to the surface and looks twice as bad as it did before. Maybe the rain made it dirty, or maybe on some level you feel betrayed by the sudden and uncontrollable image shift.

Either way it is just snow and a dirty yard. If my mom were out walking, which is pretty unlikely as she hates the cold, she'd just see snow and hate it for what it is. That's because she likes the hot South African sun and can't relate to our Canadian winters.

But, it is all perspective. Especially in the current real estate and rental market.

That brings me back round to that broken down house. If you want to sell it or rent it, you need to make it warm and inviting. Tidy it up until it shines and find a way to add value to it - for both the prospective tenant or buyer. There are a lot of listings on the market now and tenants have a pick of the best and challenge landlords to lower the rents - which many feel forced to do.

When you look at that same paint peeling, rotten fenced, broken windowed home from an investors perspective - you can see opportunity. An opportunity to help a seller, and possibly a tenant, find a place to live in once you have done the needed repairs to turn that house into a home.

I guess I answered my own question. Snow can make a dirty house clean and you can make a crappy house a home with the right attitude and ability to see what can be instead of what sometimes is.

Now, if I could only find a way to make my mom think snow is great....