Listen, I am not want to step on anyone’s dreams. I am a dreamer myself. But if a deal looks too good to be true, then it most likely is. You have to be an optimistic person, but you also have to sprinkle in some skepticism. Look at each deal with both eyes wide open. Sometimes sleeping on it does wonders. The next day you may see that investment in an entirely different light. The question I am asked a lot has to do with risk. Once you really know what you are doing in this business (or any for that matter) the risk is reduced to nearly zero. I buy a lot of property and I probably lose $$$ on 1 out of 10, but that is always factored in when I make the decision to move forward. The key is to limit your failures. Especially when you are just starting out. You want to move slow and be careful. Then you will over time (a long time) become the investor you dreamed of being. Its not easy. If you read a book or take some experts course and they make it sound easy…run the other way.
Winter storms aren’t uncommon in the Northeast and here in Pittsburgh. One prime example is the massive storm of 2010, known as Snowmageddon.
Now in its eighth anniversary, folks are still reminiscing about the February 2010 storm that wreaked havoc in cities from the West Coast to the East Coast, but most notably the Mid-Atlantic. The storm caused more than 40 fatalities, including deaths in Mexico as well as the United States.
Pittsburgh was the first major city to experience part of the nor’easter’s heaviest snow, raking in 11.4 inches on Feb. 5 and an additional 9.7 inches on the 6th (that’s 21.1 inches in two days)!
Three days later, almost 8 more inches of snow fell over a two-day span.
Snowmageddon is currently ranked as the fourth largest snowstorm on record, just behind the March blizzard of 1993 in which 25.3 inches of snow fell.
The 2010 storm dropped heavy and wet snow on cities across the state, which caused more damage to trees and power lines compared to the infamous blizzard of 1993. Power was out for thousands of people in southwestern Pennsylvania for a week or more.
In the end, the city of Pittsburgh spent several weeks clearing out. The cost of the clean-up from Snowmageddon, as well as the storm immediately following, added up to more than $5 million.
We have had an overwhelming response to this workshop! Due to the demand, were are able to open up the attendance to 50! At this point we have 30+ confirmed for Saturday, but there are quite a few that did not RSVP.
If you plan on attending, PLEASE RSVP through Alex Deacon’s Meetup site, however we are able to accommodate as many as 50 in case of overflow. Also, please plan to stay up to an hour after the workshop is completed. You’ll be given an opportunity to network and talk in more detail about the workshop or other Real Estate investment related topics.
Hope to see you Saturday!
Retire In 15 Years With Real Estate Investments. Take Action NOW!
• WHAT WE’LL DO The workshop will be revolving around the long term step by step plan to ensure retirement within 15 years through investing in real estate. We will cover some of the sort term strategies like flips and wholesaling most of our focus will be on the master plan to start today with long term buy and hold business plan and setting yourself up to ensure success not failure. Its a very simple and easy plan to implement but it does take time, patience and hard work.
We had a great workshop last month. We worked on setting our real estate goals, and how to approach goal setting as a daily practice. We had over 20 “Weather Warriors” who braved really bad snow and ice last month! This month is a MUST if you want to learn a retirement strategy and a plan to put it into motion! Please bring guests and feel free to ask questions. You can arrive as early as 9:30 and leave as late as 12:30 to network and speak with me and some other folks in the group. I look forward to seeing you there!
Where: The Hampton Inn on 150 Old Pond Road in Bridgeville.
For many of us, coffee is an absolute must if we want to be productive human beings. And even though coffee isn’t bad for you, it might not be the best drink to have every morning. Instead, cacao is a nutrient-rich superfood that can reduce stress and lower blood pressure naturally. Doesn’t that sound like a good way to start your day?
Raw cacao is loaded with chemicals called flavonoids, which act like antioxidants and bring with them many benefits for your cardiovascular system. One of flavonoid’s heart health perks is to lower blood pressure, and this is due to the fact that they make veins and arteries more flexible.
It might sound too good to be true, but a German study found that women who enjoyed a piece of dark chocolate every day also powered their blood pressure.
A daily serving of dark chocolate doesn’t just keep your blood pressure levels in check. It also helps to reduce stress, too. According to this Swedish study, in just two weeks, a daily serving of dark chocolate, highly stressed individuals showed a significant reduction in the stress hormone, cortisol.
So, what kind of dark chocolate should you eat to get these amazing cacao benefits? Raw cacao powders are optimal, and can be added to breakfast smoothies. Or, you can add raw cacoa nibs to your yogurt or snacks. Otherwise, chocolate bars are an obvious choice, but be sure to avoid ones with added sugars. A chocolate bar with at least 70% cocoa is a good place to start.
With snow and ice in the forecast for the morning commute around the Steel City, the odds of a slippery commute are pretty high. While we won’t be looking at blizzard levels of snow (knock on wood), chances of morning irritation are still roughly 99%. Plus, it’s always better to be safe than sorry. For a more detailed listing of tips and strategies, refer to our blog written back in November.
Here are some quick tips to remember, and please be safe in the morning!
BE PREPARED: Clear ice and snow off the car before you start driving. Snow left on top of the car can slide off and obstruct your vision and that of those around you. Stock the car with blankets, food and water. Don’t forget your phone, and make sure you have a full battery when you leave the house.
TAKING HILLS: Get some momentum before you start up a hill, and let it carry you to the top. Avoid hitting the gas pedal on the way up because it can cause your wheels to spin. Once you’re at the top, reduce your speed and descend slowly.
SKID RECOVERY: If your car starts to skid, steer it in the direction you want the car to go. Avoid slamming or pumping the brake pedal.
IF YOU GET STUCK: Stay with the vehicle and don’t walk outside in severe weather. Keep the dome light on, because it uses a small amount of electricity and attach brightly colored cloth to the window. Conserve gas by turning the engine on only periodically to warm the car. Again, make sure the tailpipe is clear of snow.
“The Deacon of Real Estate” Alex Deacon is back to discuss the pros and cons of “sheriff sales”! Alex explains how you can overcome obstacles to find the best deals, and evaluates the risk/reward ratio of the unique bidding market. Give The Deacon a listen, and find out if sheriff sales are right for you!
So often I get questions from investors, inexperienced and experienced, about specific legal or IRS issues. You should not be getting free advice from people who are not specialists in these fields. Some of the most expensive advice is the free advice. Surround yourself with a great team of advisers. Just like any supper successful entrepreneur. If you want to save time and money you are going about it the wrong way. For example, recently I read a post about an investor being sued by the “bla bla bla” for the reason of “Bla Bla Bla”. The details don’t really matter. They were being sued. What part of that did they not get? They were posting in a forum for advice. Is that insane or am I over reacting? Seek out your local adviser in the matter. In this case, you’re not going to ask your plumber or mailman, or post it online and expect to get advice you can hang your hat on. You may want to contact an ATTORNEY. Build your team, take advice from local highly successful mentors who can help you build your team, and then have some trust. The bigger you grow, the more lawsuits you are going to have. It’s the nature of the American Dream.
Every February 2, all eyes turn to a small central Pennsylvania borough as winter-weary Northeasterners await weather guidance from the predictive rodent. It’s a 132-year-old tradition that is held every year at the location known as Gobbler’s Knob and conducted by top hat-donning members of the Inner Circle of the Punxsutawney Groundhog Club, according to the official Pennsylvania tourism website. The idea is, the groundhog wakes up from hibernation on the 2nd, and if it sees its shadow, there will be six more weeks of winter. If it doesn’t, warmer weather is just around the corner. (He saw his shadow…he’s no longer our friend. 😉 )
Groundhog Day Facts:
This tradition started in Europe as Candlemas Day, an early Christian holiday involving candles. Germans who settled in Pennsylvania in the 1700s brought the custom to America.
Pennsylvania’s Punxsutawney Phil is the most well known, but more than a dozen states celebrate with their own groundhogs, such as Georgia’s General Beauregard Lee and Buckeye Chuck in Ohio.
Also, a fun fact about groundhogs: They are the same thing as woodchucks. If you knew this already, it seems laughably obvious. If you didn’t, your mind may be blown a little. It’s never too late to learn things.