Edmonton: the Oil Capital of Canada

 December 2007

 

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Welcome to the Edmonton Revenue Property Investors Monthly Newsletter

It's time again and the monthly association meeting of our group has arrived. For those of you new to this e-mailing here are the particulars.

            Once a month on the second Tuesday of each month a like-minded group of real estate investors meet on the second floor at Rosie’s Restaurant. Located at the corner of 105 St. and 80 Ave.  Arrivals at 6:30 and the meeting starts at 7:00 pm. You are cordially being invited to attend. Attendees are required to pay $10 at the door. There is no annual membership charge yet. All attendees and visitors are asked to buy $5 worth of food to support the use of Rosie’s Restaurant 2nd floor meeting room, and please generously tip your server, this helps to support our free use of the meeting room. Please bring a few of your used real estate or self help books that you no longer require to donate to our library or door prizes.  If you park to the east of Rosie’s in the strip mall parking lot, please pick up a free parking pass from the bar to put on your windshield. 

            Each meeting is different as we may bring in special guest speakers for each meeting. Each speaker is uniquely qualified in his or her own specific field of expertise. Even a seasoned investor will be pleasantly surprised with the knowledge gained from attending our meetings. We encourage all attendees to participate at the meetings by asking our speakers your pertinent questions. We need and appreciate your input at all meetings. Like-minded investors can and do learn and help each other to achieve success.

               We really do look forward to seeing you and please bring a friend to our next meeting. If you have a friend that you feel would like to be put on our e-mail list send their e-mail to me.  


THIS MONTH WILL BE A SPECIAL

SEASONAL PARTY MEETING

OUR SPECIAL GUEST WILL BE 

AN ENTERTAINER

PLENTY OF NETWORKING 

DOOR PRIZES AND GIVE

AWAY'S FOR ALL!!!


           We will also be talking about the real estate market, landlording, present housing prices and trends for Edmonton real estate, and many more topics. If you have any real estate for rent or for sale please make up some hand outs to give to any attendees and be prepared to stand up and tell us about your handouts. Please network and socialize with the other members and guests before and after the meeting. If you want to list your for rent or for sale real estate online please visit  Rentex Homes  and  Buy Sell Rent Ads ...register and post your properties.  Please visit our approved contractors site  Bookmark this list as it is not easy to navigate to it from our home page. If you know good contractors email me and I will add them to the site.  I am still looking for good south side apartment and commercial buildings, if you hear of any please contact me ASAP!!

If you have any questions at all please e-mail me at admin@rentexhomes.com or call me at 780-433-1481 regarding any of the above.

    See you all at the next meeting,

    Your cordial President, Les Michaelson  

About the Author: Les Michaelson has been an Edmonton Real investor since 1978. His interests are in the hands on operation of acquiring managing and selling of revenue properties of all types. 

HIGHLIGHTS FROM OUR LAST MEETING

Edmonton Revenue Property Investors Association

The Edmonton  Revenue Property  Investors  Association  meeting  was held  Tues, Nov.13. with 3  speakers.        Graydon Pease talked  about investing  in a new resort  development  outside  Canmore,  in Deadmans Flats. Copperstone  Resort will  consist of  3 phases having 1 and 2  bedrooms which will be rented out with a 65 to 75 %  occupancy.  He predicted that Canmore will be the  next  Aspen  and Whistler.                                        

Lyle Mortimer of  Stuart + Craig Financial Corp, stated that  they are private money lenders. They  look at the equity in the property  to secure the loan. He suggests  that  when  dealing with  banks to put more than 25 % down  so that you will be above the guidelines and qualify  easier.                                                             

Greg Douglas of  RPM Solutions Enviro Specialists  talked about  mould  inspection. He focuses on moisture issues,continuing leakage of water and high humidity. Tub surrounds,copper plumbing.kitchen sinks, melamine countertops eavestroughs ,roof  flashings and landscaping are problem areas. A good caulking  job in  bathrooms is important.Greg looks for the least expensive  way to repair and uses enviro friendly products. A spot clean treatment costs about  $200, a whole house can be $3000 to $6000. Removal  of everything is not required  80% of the time. Beware of  contractors  that  suggest  that. Mould  inspections for  a house purchase cost $595 and take  about  2 hours.   Les   talked  about  the housing market, stating that it is a buyers market. High inventory, approx  10,000 units on MLS and  total monthly sales  nosedived. Get out there and negotiate.

Walter Rooyakkers


Hi,my name is Gary and I recently attended a Robert Allen "Creating Wealth with Real Estate"training program in Calgary.One of the points that was stressed to us was to get involved with real estate investment networking.Your association was listed in a resource directory.I was wondering if your could help me get involved in some kind of network that would help me further my knowledge and hopefully lead to an investment career.Please send me any information that would help or when the next time your group meets I would like to attene if possible.

Thank you

Gary B. E.


This months Real Estate News Articles And Links

Tenants will pay power costs
Edmonton Journal - Edmonton,Alberta,Canada
EDMONTON - One of the city's biggest landlords will install utility sub-metering in several Edmonton apartment buildings, startling tenants who will now ...

Little Shop of Horrors
Edmonton Sun - Alberta, Canada
Monthly sales reports from the Edmonton and Calgary real estate boards added to the gloom about the Alberta pcs unmanageable boom. Edmonton Real Estate ...

Moving on up to a deluxe container in the sky
CBC New Brunswick - New Brunswick,Canada
Two Edmonton companies are proposing to ease Alberta's affordable housing crisis with units made from cargo containers more commonly seen stacked on the ...

Oilpatch braces for new arrivals
Toronto Star - Ontario, Canada
"We're paid a good wage, but if I didn't share (the apartment), two-thirds of my take-home would go to putting a roof over my head," said Morrison. ...

Calgary's tax increase could be half Edmonton's
Edmonton Sun - Alberta, Canada
The mayors of both cities earlier this year asked the province for the power to tax things like real estate transactions. But Mandel has since backed down 

Credit crunch won't affect real estate, lasalle says
National Post - Toronto,Ontario,Canada
"Residential real estate has become overheated in many markets around the world and, as this bubble deflates, underlying economies are also put at risk," it ...

Alberta Labour group says foreign workers forced to pay illegal ...
The Canadian Press -
EDMONTON - A government program to lure foreign workers to Alberta to fill a huge job vacuum has turned into a vehicle for broken promises, shady operators ...

vancouver apartment building costs up 14%
Vancouver Sun - British Columbia, Canada
the cost of apartment-building construction in metro vancouver rose almost 14 per cent over the past 12 months, far ahead of national rate, ...


Thanks for reading our entire newsletter...see you at our next meeting!!!

Copyright -  Edmonton Revenue Property Investors Association 2007
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