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
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March 1st., 2016
Volume 20, Issue 4
Dear Friends and Partners,
What’s in a network? You may have heard it said that if you add up the net worth of your 5 closest friends and divide, you get an amount equal to your own net worth. Now, that applies to money. But I bet it also stretches into values…
Your 5 closest friends probably have similar values to you when it comes to raising kids, managing their money, health and lifestyle. This can be either a very good thing or a really bad thing - in general terms. I know some of my best friendships are with smart folks that I don’t always agree with, but with whose opinions I respect.
Lately I have been expanding my network; talking to different people, collaborating on ideas and getting exposed to new idea or ways of thinking. I challenge you to do the same. Start with a local group, LinkedIn or an interest group that you’ve been keen to learn more about. See what this brings to you…
Prince Rupert Bungalow: 2 Legal suites, cash-flow central
Turbo charge your portfolio. Great, 2-unit bungalow, 7 minutes from downtown; a winner to add to any portfolio. 1952 built, meticulously maintained. Terrific access to local amenities in mature Prince Rupert. New furnace, electric panels and suite upgrades. This property has a legal 2 bd suite down and 3 bd on the main, plus over-sized single garage and pad. This property has a tried and true layout and is built to last. Purchase price includes reserve fund and small renos to make the property shine! This is a turn-key deal. Excellent access downtown and in the highly rent-able and desirable neighbourhood of Prince Rupert.
Comes complete with great tenants making this a totally turn-key property for you. Prince Rupert is a mature neighbourhood that is convenient for tenants working downtown and attending NAIT. 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: $385,000
Total Investment: $88,500
Your Estimated 5 Year Profit $54,760 Your pre-tax Total ROI is 62% or 12% per year
These 2 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!
The world is on the cusp of a golden age for natural gas
By Jesse Snyder, Alberta Oil, February 16th, 2016
These are the factors that could quicken — or inhibit — the rise of "the fossil fuel of the future”
“Natural gas is a fuel of the future,” wrote Daniel Yergin in his 2011 opus The Quest: Energy, Security and the Remaking of the Modern World. At the time, the notion that natural gas would eventually overtake coal – and even oil – as the most widely consumed fossil fuel in the world was not new. But it was just beginning to take on a new level of certainty. That same year the International Energy Agency (IEA) raised the question in its annual World Energy Outlook, which it called, “Are We Entering A Golden Age of Gas?” It predicted that by 2035 global natural supplies would need to grow by 1.8 trillion cubic meters per day from their current level in order to meet demand – a figure that is three times the current production of Russia. THIS ARTICLE
Gary Lamphier: How much money has flowed out of Alberta to Ottawa? A lot.
By Gary Lamphier, Edmonton Journal, February 19th, 2016
If you’re still wondering why oil-rich Alberta doesn’t have a massive sovereign wealth fund like Norway, consider this.
Alberta is a province, not a country. Ergo, we don’t get to keep all the wealth we generate in this province. Not even close.
I realize this runs counter to the preferred narrative in Canada, where politicians and media types insist Alberta either “put all its eggs in one basket” by failing to diversify its economy (hello Christy Clark), or that Albertans “spent like drunken sailors” during boom times.
Sure, there’s some truth to those arguments. But the far bigger reason why Alberta isn’t rolling in filthy lucre is that we are part of a federation called Canada. GRAB THIS STORY
Kristina McLean: Memo from Alberta’s economic front lines
By Kristina McLean, Edmonton Journal, February 21st., 2016
I recently passed a milestone, not an achievement by any means, nonetheless it is one that stands out for me in my profession. I delivered my 200th layoff notice in less than six months.
As I sit and provide the “You are now unemployed” letter to this employee, a father and husband, a grown man whose eyes well with tears, I realize that he is suffering the consequences of the government’s lack of effort, the international oil and gas markets egotistical tactics and the now unrealistic Alberta dream.
This employee who has dedicated his career and life to what began as the oil and gas advantage, striving towards excellence in his work, has now been told in a mere five-minute meeting that his job is over. Feeling his efforts a waste and contributions a failure, this employee has to go home and deliver the same unsettling news to his wife and children. READ MORE HERE
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Your success continues EVERYDAY, let me help you build for tomorrow.
“Adopting the right attitude can convert a negative stress into a positive one.” - Hans Selye
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.
Alberta Oil Sands Investment Real Estate News®