Glenn Simon Inc

July 09, 2009 09:29 ET

Real Estate investment options widen - money no longer a must

Attention: Business/Financial Editor, News Editor EDMONTON/ALBERTA/REAL ESTATE--(Marketwire - July 9, 2009) - The current economic downturn is time to celebrate for some who see opportunity amidst crisis and are buying first homes or investment properties. Housing prices have dropped, faltered and started to pick up again. Historically low interest rates make mortgage payments within the grasp of many people. Low prices and low rates are generally signs to buy. However, what if you don't have the down payment?

Owning revenue property provides investors with a stream of cash flow and potentially large payouts. The biggest hurdle for many Canadians is finding the funds to purchase revenue property. Thanks to tighter lending restrictions there are other ways for you to get into real estate investing.

An Alberta based company, Glenn Simon Inc., is helping would-be-investors to get started without going into debt. How? Qualify for the mortgage on a revenue property, and then hold it for the investment period. Over the investment the mortgage holder will receive a percentage of the cash flow. When the property sells, usually after 5-7 years, they receive 10% of the final profit.

"If you have good credit and a steady job you are now in the driver's seat when it comes to investing in Edmonton, Alberta." says Glenn Simon Inc owner Todd Millar.

"The key is to find properties that pass an extensive screening and produce positive cash flow every month", Millar says. His company finds, manages and sells the property, which means the mortgage holder is free to cash their share of the rent income and spend their time as they like. They get the benefit of being a landlord without the time demands.

"It's important to note, that all mortgages and property purchases strictly adhere to federal and provincial lending laws and are completely transparent," Millar stresses
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