Monthly Archives: July 2018

#TBT: How Pittsburgh Got It’s “H” Back

DHREA 19/07/2018

PittsburghHistoricalMarker

 

Thanks to the United States Board on Geographic Names, big cities and little towns alike lost a lot of character in the late 1800s. In 1891, with President Benjamin Harrison’s stamp of approval, the board decided to change a few things about how towns and cities should be named. One of the newly adopted rules impacted Pittsburgh, and in typical Pittsburgher fashion, we demanded we get “our” Pittsburgh back. Let’s all be honest with ourselves…Pittsburg, PA, just doesn’t seem right, does it?

One of the newly adopted rules read as such: “IN NAMES ENDING IN ‘BURGH,’ THE FINAL ‘H’ SHOULD BE DROPPED.”

The city was happily using that “h” for more than a century! We had  newspapers, baseball teams, and buildings already bearing the consonant. “Too bad”, said the committe. Thus, Pittsburgh became “Pittsburg”.

Never going quietly into the night, the city said, “Not so fast, my friend.” While most cities weren’t bothered enough to fight for their heritage, Pittsburgh wouldn’t make the change to “Pittsburg” quietly. The city was originally named to honor William Pitt the Elder, but it was General John Forbes who did the naming. His Scottish background is the reason for that extra “h” (think Edinburgh). To edit the spelling to the German “burg” was akin to editing the city’s founding.

After 20 years of complaints, the Board finally overturned their previous decision on Pittsburg(h)’s controversial consonant on July 19, 1911. Town representatives even got a little sassy when they announced victory, claiming they were from “Pittsburgh, a city in Pennsylvania (not Pittsburg)”.

Never change, Pittsburg. We mean…PITTSBURGH!!!

 

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Real Estate Investing w/ Alex Deacon: Balancing Your Portfolio

DHREA 19/07/2018

 

This week, “The Deacon of Real Estate” Alex Deacon discusses the art of balancing your portfolio. Everyone has their own style and technique to investing real estate, and Alex delivers tips and personal experiences to help you bring together the most successful portfolio you can!

 

 

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Alex Deacon Real Estate Networking Workshops

Carnegie, PA
467 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

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MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

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Bin There Dump That: www.PittsburghDumpsterRental.com

 

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#UPDATE: 5105 Holmes St has been SOLD!

DHREA 19/07/2018

 

This fantastic investment property with an amazing location in Lawrenceville is off the market!

 

 

Connect with Alex Deacon’s Real Estate Investment Networking Group on MeetUp.com! Click below!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
467 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

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MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

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Bin There Dump That: www.PittsburghDumpsterRental.com

 

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NEW LISTING! Fantastic investment opportunity with a great location at 3255 Pinehurst in Dormont!

DHREA 18/07/2018

 

LOCATION, LOCATION, LOCATION!! Don’t miss out of this amazing remodeled investment opportunity located in the heart of Dormont. This beautiful brick duplex offers gorgeous up and downstairs units. The spacious 1st fl has 2 bedrooms, 1 bath, living room, and a bonus sun room. The second floor offers 2 bedrooms, in addition to a smaller room that can be used for a bedroom, a great office space, or fabulous closet/ dressing room, 1 bath, a living room and a dining room. Each unit has perfectly updated kitchens with tall white shaker style cabinetry, butcher block counter tops and all new appliances. The bathrooms have porcelain tile tub surrounds, new vanities, and new fixtures. Each unit also has fresh paint, new hardwood and luxury vinyl plank flooring, new carpet, all new lightning fixtures/ ceiling fans. Conveniently located in this wonderful sought after walk-able community close to “T”, so many restaurants and cafes, with just a short walk to everything. CLICK HERE FOR FULL PROPERTY DETAILS!

 

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Alex Deacon Real Estate Networking Workshops

Carnegie, PA
467 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

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Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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New listing! Wonderfully updated home in 15120!

DHREA 18/07/2018

 

3716 Trautman in the Steel Valley School District is move-in ready, and a beautifully well-cared for home! This home has been updated from floor to ceiling over the past 8 years. There is a new roof, siding, and carpet on the first floor. The kitchen is very clean and walks off to a beautiful deck and decent sized yard. The home is very clean and there was a lot of work put into this home. If you like great outdoor living space this is perfect for you with a huge front porch and great deck. There is a long driveway that can fit about 4 cars. One block away is a gorgeous park that has swing sets, slides, and a baseball field. The bedrooms are spacious with large closets in each room. Click here for full property pictures and details!

 

 

Join over 460 other investors and connect with Alex Deacon’s Real Estate Networking Group today!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
467 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

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Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

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#TaraMTG Tuesdays: Starter Homes vs Forever Homes

DHREA 17/07/2018

(Every Tuesday we feature a blog from one of our fantastic affiliates, Tara Mortgage Services!)

 

When you’re a first-time homebuyer, the first thing on your mind is probably, “how much home can I afford?” and rightfully so! Knowing how much you qualify for is the first step to buying a home.

But here’s another crucial detail to consider: should you buy a starter home or a forever home? 

Starter Home vs Forever Home: What’s the Difference?

You can think of a starter home as a jumping off point in homeownership. When you buy a starter home, you probably don’t intend to live there for more than a few years. 

However, with a forever home, you’ll likely plan on living there for many years –maybe even for the rest of your life! So when comparing the two options, have in mind how time you intend to live in the home and how that fits into your goals.

Reasons to Choose a Starter Home

Potentially More Affordable Than a Forever Home

Condos and small houses are a favorite starter home among first-time homebuyers. A smaller house is likely to fit your budget better, and if you’re single or have a small family, a one to two-bedroom may be all you need anyway.

A lower-priced, modest home means a smaller downpayment too! When you pair that with an FHA loan that requires as little as 3.5% down, you can see why some are willing to sacrifice space (for a while, anyway) to buy a starter home.

Desire to Start Investing In Your Future

You’d think that a mortgage payment is more than rent, but often the opposite is true. Even if the overall house payment is slightly higher than your current rent, what you get in return is so much more.

You can think of a mortgage payment as an investment in your future, and with every payment, you own more and more of the house.

Plus the real estate market helps you out by possibly increasing the value of your home. Can your rent payment do that?

Improve Your Investment Without Commitment

Even if you don’t make any improvements to your home, the market could work in your favor and increase the value. But if you want to help it along, consider making some upgrades!

The key to home improvements in starter homes is to focus on those with a reasonable return on investment. So before you gut out the bathroom for a complete remodel, look into less drastic upgrades like replacing the tile and sink.

Another thing to consider, at least for style purposes, is to use designs that most appealing to homebuyers. So if you replace the kitchen countertop, consider a neutral colored granite instead of a stark black one. You’ll want to save those personal touches for your forever home.

Reasons to Choose a Forever Home

Have or Plan to Have a Family

Space for a growing family is one of the most common reasons to buy a forever home. A condo for a 2-3 person family might be okay for a while, but eventually, you’ll want more space in case you add to your family, you want a yard for the kids to play in, or even just a large enough dining area entertain.

It’s a Buyers Market

When market conditions are in your favor, you definitely want to consider a forever home versus a starter home. Not only will get more home for your money, but you’ll have the piece of mind that you got the best rate and a payment you can afford.

You’re Ready to Set Roots

It’s comforting to know that you won’t be moving any time soon. You can settle in, make lasting friendships with your neighbors, upgrade your home just the way you like it knowing that this is your home to do as you please.

Of course, you always have the option to sell to buy again!

When you buy a forever home with a loan with Tara Mortgage Services, you’ll know that you’ve got an amazing deal with a mortgage payment you can comfortably afford, and you can breathe a sigh of relief that you’re finally home.

Still not sure if you should buy a starter home or forever home? That’s okay! The most important thing is that you get pre-approved for a home loan first. You’ll still have time to think about what home to buy, but you don’t want to miss out on current low rates! Contact Tara Mortgage Services today!

 

 

Join Alex Deacon’s Real Estate Investing Networking group today!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
467 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

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Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

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Today in Pittsburgh History: 3 Rivers Stadium Opens!

DHREA 16/07/2018

ThreeRivers

The landscape of Pittsburgh’s North Shore has definitely changed over the past 15-20 years. Before PNC Park and Heinz Field book-ended a modernized North Shore, Pittsburgh’s sports fanatics flocked to the most infamous of what was called “cookie cutter” stadiums…Three Rivers Stadium. Make no mistake, PNC Park and Heinz Field were a pleasant addition to the Steel City’s recent modernization process, and have really helped to revitalize the North Shore. However, a conversation could be made that when Three Rivers Stadium was torn down, so was one of the most iconic sports venues in North American history. As beautiful as the new stadiums are, the vibe at Three Rivers Stadium was untouchable.

After a 29 month build process, which included several setbacks, Three Rivers Stadium finally opened on July 16th, 1970. The visiting Cincinnati Reds defeated the Pirates 2-1. The new facility, which cost $50 Million (roughly $355 Million today), was designed to hold both the Pirates and Steelers more efficiently than the legendary Forbes Field could. Forbes was still an incredible and breathtaking atmosphere for baseball, however many felt the “baseball first” design was holding Pittsburgh’s football team back from achieving success in the NFL. In the first 10 years of the stadium’s opening, the Pirates and Steelers delivered a combined 6 world championships. Maybe there was something to that sentiment after all!

Three Rivers Stadium was also the home of the short-lived Pittsburgh Maulers USFL franchise, as well as special event games for the University of Pittsburgh Panthers football team. The Panthers also called Three Rivers Stadium their home for the entire 2000 season.

Three Rivers was notorious for holding huge concerts as well. The biggest names in music played Three Rivers Stadium. Performers like U2, Guns N’ Roses, Pink Floyd, The Beach Boys, Led Zeppelin, The Who, Stevie Wonder, The Eagles, The Rolling Stones, Bruce Springsteen and the E. Street Band, and many, many more. The final concert at Three Rivers Stadium was held on the 40th anniversary of the stadium’s opening, when then pop sensation N’Sync performed on July 16th, 2000. We can look back and laugh at the act in question now, but the reality is even in Three Rivers’ final days, the stadium was drawing the largest acts in the world!

Three Rivers Stadium was also the first stadium in MLB and NFL to use “tartan turf”, or, artificial turf. A few years later, the turf was replaced with the then-branded “AstroTurf”.

We can all agree that in it’s final days, Three Rivers was ready to be replaced. While bittersweet, it was time. On February 11th, 2001, in front of an estimated 50,000 fans (some would say more) who braved a chilly Pittsburgh morning, the stadium was imploded at 8 o’clock in the morning. Cheers and tears flowed through the surroundings of the North Shore, as fans of all ages reminisced with generations of family and friends. In it’s short 30 year window in Pittsburgh history, Three Rivers Stadium unquestionably left an “immaculate” mark.

If you’re suddenly feeling nostalgic, you can amazingly still visit the (recently expired) Three Rivers Stadium website…HERE!

 

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Alex Deacon Real Estate Networking Workshops

Carnegie, PA
466 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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NEW LISTING! Great business opportunity with a great location in Scott Twp!

DHREA 16/07/2018

 

Your new location awaits! The former daycare features a large open floor plan with an office, kitchen and multiple restrooms. Outside it has a large parking lot, nice side yard was used as a play area and a shed. Could be used for many different uses. Click the picture above for full property details!

 

Join over 450 other like-minded investors….join Alex Deacon’s Real Estate Investing Group today!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
466 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Real Estate Investing w/ Alex Deacon: How To Quickly Evaluate A Real Estate Deal

DHREA 12/07/2018

 

 

In this long-form segment, “The Deacon of Real Estate” Alex Deacon discusses the tricks and tools you already have at your fingertips to help you quickly analyze a deal. Learn how to buzz through hundreds of properties in minutes to help maximize your time and energy. The Deacon explains how technology and knowledge of area can be the biggest weapons in your arsenal.

 

 

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Alex Deacon Real Estate Networking Workshops

Carnegie, PA
464 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Great Tips For Finding Your Property Line

DHREA 11/07/2018

 

Good fences may make good neighbors, but accidentally erecting one on a neighbor’s property can lead to hard feelings, or even a lawsuit. Whether you want to build an addition, figure out who’s responsible for tree removal, or plant a border hedge, you need to know where your yard legally ends and the next guy’s begins. Here, we’ve put together the most common methods for figuring this out. Some are simple and inexpensive, adequate for satisfying your curiosity. Others demand skills and will cost a few bucks, but may be necessary for certain construction projects. Read on to learn how to walk the line—and ensure that your house and landscaping stay on your side of it.

Check Sidewalks and Streetlights

Examine the lines that are cut in the sidewalk in front of your house. Often, the contractor who poured the sidewalk started and stopped on the property lines, so those cut lines may coincide with the edges of your property. As well, the appearance of the concrete on your side of the property may be slightly different from that on your neighbor’s side. Streetlights, too, are often placed on property lines. While these visual clues are good indications of property lines, if you intend to build or install something on your land, you’ll need additional verification.

Visit the Local Zoning Department

The zoning department is the municipal office that records plats: the maps, drawn to scale, that show land division. Unless your home was built more than a hundred years ago, you can probably obtain a copy of your block and lot plat for a minimal fee. This will give you the exact dimensions of your lot—in other words, the property you legally own—in relationship to other lots on your block.

Retrace the Surveyor’s Steps

When the surveyors were laying out the original plat, they determined a starting point for all the lots on your block. You can retrace the original surveyor’s steps by locating the starting point, which will be labeled on the plat as either the “common point” or the “point of beginning” (POB). It is often the center point of a side street. The original surveyor’s measurements will all be listed on the plat. With a long measuring tape, follow the plat as you would a treasure map, measuring your physical property as you go. Your measurements should correspond with the ones on the plat.

Locate a Hidden Survey Pin

Survey pins are thin iron bars, two to three feet long and sometimes capped with plastic, which the original survey crew inserted on the property lines. If you have access to a metal detector, move the device over the ground along the sidewalk to the curb to locate the survey pin. Pins may be buried just under the surface, or up to a foot below. A few days before you dig, however, you must call 811, the free, federally designated number that will route you to your local utility company. Ask the utility company to come out and mark any buried lines so you don’t unintentionally hit one. There’s no charge for this service, but if you damage a buried utility line, you could end up having to pay to repair it.

Beware of Moved Survey Pins

Survey pins are not foolproof markers. Over the years, previous owners, utility workers, or even a tree-removal company may have dug up a survey pin and reinserted it nearby, or just tossed it aside. Your actual property line, however, does not change just because someone messed with the survey pin. For example, if you locate survey pins 60 feet apart on opposite sides of your property but the plat says your lot is 50 feet wide, one of those pins may have been moved, and your property is still just 50 feet across.

Dig Out Your Deed for Additional Info

In older neighborhoods, property owners may have purchased or sold off portions of their yards. Locating a survey pin won’t give you this information, but the most recent legal description recorded on your deed will list any such changes. If you don’t have a copy of your deed filed with your homeowner records, get one at the register of deeds office, often located within your county courthouse.

Consider the Metes and Bounds Survey

If your deed features a metes and bounds survey—a survey that describes the exact distances and directions from one established point on your property line to the next—you’ll have all the information you need to locate your property lines. Unfortunately, this type of legal description is notoriously difficult to comprehend unless you’re a surveyor.

The metes and bounds survey cites a starting point, located at one of corners of your property. From there, the survey will give you detailed directions and distances to help you locate the rest of the corners and boundary lines of your property. It’s similar to a connect-the-dots game, except you do it on foot, not on paper. You’ll need a long measuring tape as well as a good-quality directional compass so you can move systematically from point to point.

You’ll find that a metes and bounds survey reads like a Bret Easton Ellis novel…quite confusing. A typical survey may tell you to “commence” from the point of beginning (POB), “running thence westerly 100 feet, thence southerly at an interior angle of 55 degrees to a point,” and so on until it brings you back to the original starting point.

Bring in a Professional Surveyor

Before you drive yourself too crazy with the metes and bounds survey, know that the only legally binding method to determine exact property lines (essential if you intend to build an addition to your house) is to have a professional survey. Local building codes will determine how close to your property line you can legally build. A professional survey could cost from a few hundred to more than a thousand dollars, depending on the size of your property and the complexity of the survey. Costly, perhaps, but adding to your dream house while keeping in your neighbors’ good graces is priceless!

 

Alex Deacon’s Real Estate Investment and Networking Group is rapidly growing! Join over 450 other realestate professionals today!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
464 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

 

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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