Dear Friends and Partners,
I always find spring inspirational. Yeah, sure, maybe it is the seeds sprouting, warmer weather or the determined bits of green fighting through the slush. Whatever it is, it prompts me to redefine, renew and improve. I like to go through my systems and protocols to see what is working, what’s not and what can be improved upon. Constant learning is essential as is setting ‘fresh eyes’ upon your daily actions.
Whether you like Louis C.K.’s brand of humour or not, you can hear is honesty and frustration coming through in the jokes. But, forget him as a comedian for a second and read this article about what he did and the uncomfortable choices he made without certainty - that got him where he is today; that is a great story. It’s a spring story too.
"Louis CK turned down $500,000 a year from Conan in the early 90s so he could go broke instead. Conan wanted to hire him as head writer of his show. Every step of the way in the 20 years since he put a challenge in front of himself that seemed impossible and it was until he passed it. Now he’s the best comedian ever. One can argue with that but one can argue about anything. He was offered the job of head writer at one of the hottest comedy shows in the world. He would’ve grown from that and be set for life." Read more here
West Edmonton: Jasper Park Legal 4-Unit Cash-flow
Turbo charge your portfolio. This legal 4-unit, 1962 built, RA-7 zoned property is located directly across from school and park in Jasper Park. Near Telus World of Science, Edmonton Zoo, NAIT, Hospital and fast access to downtown and on either the Yellowhead or Whitemud. This property has front entrances to the 4 X1 BD and a parking pad for six cars.
This property was purpose built and is in good condition. It is rare to find a legal 4-pled for this price. Investment capital includes $15K budget slated for further renovations to modernize and improve value and rent-ability. All suites have own laundry. This is a turn-key deal. Excellent access to downtown, transit and parks.
This property comes complete with great tenants making this a totally turn-key property for you. Jasper Place is a mature area that is a desirable for tenants working in the city or attending NAITS west-side campus. HUGE upside potential due to the RA-7 zoning of the building, great purchase price, strong economic fundamentals and the proximity of this property in relation to Edmonton's desirable growing core.
Purchase price: $449K
Total Investment: $108,500K
Your Estimated 5 Year Profit $60,697K.
Your pre-tax Total ROI is 56% 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!
What to do when Alberta’s housing boom turns to bust
By Gary Marr, Financial Post, March 23rd, 2015
The economic downturn in Alberta is nothing new to Ryan Griffiths. The technician who works for the Ford Motor Co. in Airdrie, just north of Calgary, gets paid piecemeal based on every job he does. When the economy started to slow in 2008, he had to figure out how to make ends meet. “That’s the running joke around here: How did you get through it last time?” said Mr. Griffiths, 45.
The simple answer is: save enough money so you have a cushion when times are bad. Most planners suggest savings should cover your living costs for three to six months. The worst answer is: to do what some people appear to be considering right now, panicking. FOLLOW THIS ARTICLE
Under clouds of economic gloom, Alberta entrepreneurs defend turf
By Anwar Ali, The Globe and Mail, March 19th, 2015
In the face of negativity swirling around the economy, Albertan entrepreneurs are steadfastly defending their turf, albeit with a little dose of reality.
Economic predictions are getting worse as GDP growth steadily declines. The provincial government’s current 2015 growth forecast, 0.6 per cent, is well below the previous estimate. The Conference Board of Canada has even warned that Alberta may stagger into a recession this year, its ability to recover contingent on the oil industry. READ MORE HERE
Nearly half of Alberta consumers say economy remains strong
By Mario Toneguzzi, Calgary Herald, March 6th, 2015
The latest ATB Consumer Economic Pulse survey found that 47 per cent of Albertans in late February saw the province’s economy as strong despite the uncertain climate with lower oil prices.
That’s up by two percentage points from the previous survey in early February.
But their thoughts about the future economic outlook are not as positive. 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.
“Positive thinking will let you use the ability which you have, and that is awesome." - Zig Ziglar
Todd and Danielle Millar
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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.