Tag Archives: buy

Real Estate Investing w/ Alex Deacon: The Best Time Of The Year To Buy Real Estate

DHREA 01/11/2018

 

In his latest segment, “The Deacon of Real Estate” Alex Deacon discusses the best time of the year to buy real estate! Everyone has an opinion, but what do the numbers say? Does your market’s inclement weather or busy summers affect the supply and demand? Alex breaks down those questions, and much, much more!

 

 

Don’t miss the final Alex Deacon Real Estate Workshop of 2018!!! We’ve opened up the room for extra seating due to our growing attendance. Click below to connect with Alex on MeetUp.com, network with nearly 600 other Real Estate Professionals, and RSVP to the November workshop!

Virtual Bus Tour of Current and past rehabs

Saturday, Nov 10, 2018, 10:00 AM

Hampton Inn Bridgeville
150 Old Pond Rd Bridgeville, pa

28 Members Attending

We have done a few actual bus tours in the past but with the strong turnout I dont like to have to turn down folks due to the high volume of requests. Our next workshop in November we will do a virtual tour of some current and past projects and show you where to spend your money wisely and where you can and cant cut corners in order to stay profita…

Check out this Meetup →

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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Beautiful brick home at 209 Augusta in Mt. Washington is SOLD!

DHREA 28/09/2018

This wonderful brick home at 209 Augusta in Mt. Washington has been sold! Congratulations to the buyer!

 

 

 

 

 

Alex Deacon’s next Real Estate Workshop is a can’t miss! Click below for details regarding our special guest speaker Josh Caldwell, and to RSVP to Alex’s most requested event!

How to find and analyze my next RE Investment

Saturday, Oct 13, 2018, 10:00 AM

Hampton Inn Bridgeville
150 Old Pond Rd Bridgeville, pa

26 Members Attending

This is our most widely asked for workshop. We do this a few times a year and it will contain the steps you can take right now with very little experience. You can implement these steps and start using them in your day to day investment journey. We will discuss and hit on a few very important ideas on how to do the following 1. Where to look for …

Check out this Meetup →

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 Tuesday: What comes first, the sale or the purchase?

DHREA 11/09/2018

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

 

You may be wondering if there is a right order to buying and selling a home when you’re already a homeowner. For example, would it be better to sell first and then shop for a new home?

Or maybe it’s best to buy first then sell your current home?

This blog will help you to understand the advantages of each scenario as well as a creative alternative.

A lot has changed since the last time you applied for a home loan. Your income, your FICO score, and even how you apply for a home loan is different!

What To Consider When You Buy First:

One of the main perks of buying first is that you can take your time to shop around, similar to the way it was when you first bought your home. You can visit as many open houses as it takes to find just the right one without any pressure to rush your decision.

You can also take your time to plan the move, make any repairs or upgrades, and even move your stuff little by little instead of packing it all in one moving day. Changing your address, turning on utilities, and making changes to childcare and school can also be coordinated with ease when you buy first.

On the other hand, there may some overlap in mortgage payments if you don’t sell your current home within a month of buying your new home. If the possibility of carrying both mortgages sounds like too much of a burden then buying before selling may not be for you.

You’ll also want to consider that your income and debts affect how much you qualify for. In other words, it will be difficult to get approved for a new home loan if your income can’t support two mortgages.

What To Consider When You Sell First:

Selling your home first means that you’ll have your equity free and on hand, ready to make an offer on the next house. In a competitive market, having cash on hand is a significant advantage.

You’ll also save money by not having to pay two mortgages and utilities at the same time. It can even seem pretty wasteful to pay double when in reality you are living only one home.

While avoiding paying double would be ideal, you should know that there may be some overlap. For example, you will likely have temporary housing in an apartment while you shop for your new home. In this case, you’ll probably pay a month or so of rent plus your mortgage.

But this is still a better scenario than paying for two mortgages for an indefinite amount of time. Remember that when you buy first, you are at the mercy of other homebuyers. If instead, you’re renting, the worst that can happen is that you pay a fine for breaking the lease early.

Plus there’s also the feeling of being rushed to find a home. When you sell first and are renting an apartment, there’s a sense of urgency to buy quickly and stop “throwing money away” towards rent. 

The Homebuying-and-Selling Alternative

We’ve given you the pros and cons of both selling-first and buying-first scenarios.

Now we want to share an alternative to both: make an offer that is dependent on selling your current home.

This is called a “contingent offer.”

The main benefit is that it bridges your current home to your future home so that you avoid double mortgage payments and the need to rent an apartment.

You may be wondering what to use as a down payment if it’s tied up in the equity of your current home. A possible solution is to take a home equity line of credit (HELOC), and use it to cover the down payment while still paying the mortgage on your current home.

Whether you buy or sell first, it requires quite a bit of coordination, especially when it comes to qualifying for a new home loan. Find out the expert advice you need and learn more about your options by contacting Tara Mortgage Services today!

 

 

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
510 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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Contingent! 209 Augusta St in 15211!

DHREA 10/09/2018

Sitting only 2 blocks from Grandview and another great flip opportunity for the client, this fantastic ranch on Augusta St in Mt. Washington is now contingent!

Join Alex Deacon’s Workshop group on MeetUp.com for the latest updates on his free workshops, and the chance to connect with over 500 real estate professionals!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
510 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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#UnderContract: Multi-Unit/Grand Home at 307 2nd St in 15139!

DHREA 08/09/2018

This wonderful property with enormous upside in Oakmont is now under contract! Click the above picture for full property details!

 

We’re officially over 500 real estate professionals in Alex Deacon’s Workshop group!!! Click the box below and network with like-minded individuals, and be the first to gain access for information on Alex’s next workshop! 

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
510 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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*REPOST* Free Pittsburgh Real Estate Investor Workshop with Alex Deacon!

DHREA 28/02/2018

This is a must attend if you are serious about maximizing your profits in the business of RE investment. Alex Deacon has nearly 30 years in the RE investment world and owns a sales brokerage and property management company. He buys and sells 3-4 properties a month. If you flip, buy and hold or wholesale there is a lot to know when it comes to your income tax return. We will share with you some of the secrets about using the new tax code to its full benefit by doing it correctly and in a way that will most likely keep you in line with the IRS and out of their cross hairs. We will have one of the best CPA’s in the State, Matt Stevans speaking on the topic.

He has nearly 30 years in the business and runs his own firm specializing in small business, personal and Real Estate investors. The first hour I will discuss analyzing a deal for long term buy and hold and show you the true ROI and how in the long run Real Estate is hard to beat when it comes to true long-term ROI.

The next Hour Matt Stevans will discuss how to use the new tax code to your benefit and what you should do and more importantly SHOULD NOT DO when filing your tax return.

• What to bring
Bring business cards and get ready to network with other investors and expand on your knowledge.
Remember you don’t have to be the smartest person in the room but you should network with them.

 

To RSVP please visit our meetup site!

Maximize your profits. Avoid the pitfalls and traps hidden in the new tax code

Saturday, Mar 10, 2018, 10:00 AM

Hampton Inn Bridgeville
150 Old Pond Rd Bridgeville, pa

15 Members Attending

• What we’ll do This is a must attend if you are serious about maximizing your profits in the business of RE investment. If you flip, buy and hold or wholesale there is a lot to know when it comes to your income tax return.We will share with you some of the secrets about using the new tax code to its full benefit by doing it correctly and in a wa…

Check out this Meetup →

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