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Dec
13

PECO Electric Rates Going Up

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PECO Electric Rates Going Up
What you can do to save

What happens after Jan. 1? Are the rates going to jump 30% like some of the Chicken Little posts on the DIG Answer Line have been suggesting for the last couple of years? The quick answer is no. PECO’s rates are going up 5%.

If you stay with PECO, you’ll now be charged a market price for power, set at 9.92 cents per kilowatt-hour through March and the rate is slated to adjust each quarter. The 5 percent increase you’ll face in January is the result of regulators’ decisions to raise PECO’s distribution rate and its flat-fee monthly “Customer Charge.”

Where is your electricity going to come from? PECO will still be your regulated utility, required as always to maintain the power lines and other equipment that make a modern electric system function. You’ll still call PECO about outages, and PECO will still send you your bill.

How much can I save by switching? Some marketers are muddying the waters by saying that power prices are about to rise 30 percent – conveniently ignoring that Peco’s generation charges were kept artificially low by the cap. Still, the potential savings are real, if modest.

Right now, some alternative suppliers are offering fixed prices, guaranteed for a year,  that can save you more than a penny per kilowatt-hour vs. PECO’s 9.92-cent price – formally known as its “price to compare.”

The typical PECO customer uses about 750 kilowatt-hours per month. At that level, a customer could save about $7.50 per month or $90 a year – more than offsetting PECO’s projected $6 increase. Higher-end customers could save even  more.

How do I find a supplier? You may get calls or direct-mail offerings, or even pitches from friends, neighbors, or relatives – some suppliers are using multilevel-marketing methods.

Your best bet? See the Comparing Electricity Providers chart on this page or go to a reliable website like the ones maintained by the PUC (http://www.papowerswitch.com/shop-for-electricity/shop-for-your-home/by-distributor/peco-energy/rs/)

or the Office of Consumer Advocate (www.oca.state.pa.us/Industry/Electric/elecomp/ElectricGuides.htm). Each lists more than a dozen alternative suppliers.

Whichever you choose, you need to remember that either choice does not do anything to reduce the amount of electricity that is used by the household.

Regardless of the choice of suppliers, there are hundreds of ways to reduce the amount of energy used in a home, most of which cost nothing or next to nothing and are very, very simple to do. Check out this website for some of those:

http://www.dailyhomerenotips.com/energy-conservation

Categories : Real Estate News
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Published: Friday, October 15, 2010

By Evan Brandt ebrandt@pottsmerc.com

POTTSTOWN — In the face of impassioned comment from both sides of the issue, Borough Council Tuesday unanimously adopted new rental rules which some say are a long overdue measure to get poorly maintained rental properties under control.

Landlords argue the rules could drive all the “good” landlords out of town.

The new provisions require certain lease addendums which limit the number of people in a rental residence and require tenants to prevent “disruptive conduct,” which can permit the landlord to “immediately terminate the lease.”

Other rules, nearly all of which are based on an ordinance recently adopted in Gettysburg, require a nearby property manager for absentee landlords and require landlords to be up-to-date on fees, fines and taxes.

Rental licenses must now be renewed annually. Properties without a rental license cannot legally be occupied.

In the area of water, sewer and trash fees, council also unanimously adopted Tuesday night a change to borough policy that allows for the water to be shut off at rental properties where landlords have not paid their water and sewer bill — an action that was, until recently, restricted to owner-occupied properties.

The unpaid bills by landlords had piled up to more than $700,000 over the years, and at the insistence of the Pottstown Borough Authority, which owns the water system and employs the borough to manage billing, borough staff put together a procedure to shut the water off at delinquent properties that does not violate landlord-tenant laws.

Recently, Pottstown Borough Council President Stephen Toroney told a group of concerned property owners that the landlord with the most unpaid bills — Marc Simmons, who owed more than $40,000 — settled up with the borough after receiving a registered letter that kicked off the new shutoff procedure.

There was no lack of input to Borough Council prior to Tuesday night’s vote, as 12 people stepped up to the microphone during the meeting.

In the case of the landlords, they universally said the new rules are too strict and would have the opposite effect than the one desired by council — that the new rules would drive the “good landlords” out of town and just leave the “bad” ones.

“The flavor of this ordinance .. I don’t know why, but it just seems like it’s open season on landlords,” said landlord Anthony Porreca.

He said the same stringent property maintenance rules should be applied to homeowners as will be applied to rental properties.

Landlord John Owens said, “I understand it’s supposed to target the negative ones, but the side effect is that it will affect the good landlords, that will look at these heavy-handed things and probably end up going to other areas.”

Bonnie Pappas, a Realtor, said she is frustrated because she finds there is a “large pool of investors who tell me, ‘Don’t show me anything in Pottstown. It’s too hard to work there.’”

She said many landlords “are tired of being tarred and feathered in the media, or on websites,” and that the new rules council adopted have the potential to “turn some good landlords into bad ones.”

Landlord Anil Dhem said given the borough’s poor record of enforcing current regulations, he does not see that Pottstown has adequate staff in the code enforcement department to enforce any of the new regulations.

Landlord Mike Mumma said he understands the results council wants, and sympathizes with them, but said, “This ordinance goes about it the wrong way. It’s going to send people away.”

Activist Katy Jackson was joined by North Charlotte Street residents Anne Ettore and Jon Caron, all of whom outlined difficulties they have encountered because of residents of rental properties in their neighborhood.

“I know there’s a lot of heat on landlords right now and I know there’s a lot of landlords here tonight, and I feel sorry for you because there are some slumlords here in Pottstown,” said Caron. “The properties are unkept. The buildings are in poor condition. No background checks are done. Criminals, I mean, some of these people would rent out to Charles Manson.”

“We’re trying to take back our neighborhoods. We’re confronting these people. The police are called and they tell us to stay in the house or go on the back porch,” said Ettore.

“We are tired of not being able to sit and enjoy our front porches and being able just to talk, peacefully,” she said.

Jackson, who is active with the groups Code Blue and Citizens for Pottstown Revitalization, said while she supports the new regulations, she also supports more active policing and more aggressive code enforcement by the borough.

“It was never our intention at Citizens for Pottstown Revitalization or Code Blue to see the good landlords run from our community,” Jackson added. “We want them to stay. We want to work with them and we value their input into the process.”

Categories : Real Estate News
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Today’s Real Estate Market is Full of Fantastic Opportunities!

DIG is thrilled to welcome Wendy Patton who will be joining us for our General Meeting on Thursday, September 30, and ALL DAY on Saturday, October 2nd.

She is recognized as the global expert when it comes to Lease Options and she is going to be sharing her secrets with you.

I know, you may be thinking:

  • Do I have enough money to buy houses?
  • Is my credit good enough?
  • What if I can’t sell when I want?

You are certainly not alone with these questions.

Wendy will show you how to overcome all of these challenges when you attend our upcoming seminar on October 2nd.

CLICK HERE to register now!

These are indeed challenging times but they offer great rewards to those who will take advantage of the abundant opportunities.

Learn how to seize the moment and change your life in every way!

Take the first step towards the life you deserve!

Reserve your spot now to:

LEARN HOW TO PUT $5,000 – $10,000 IN YOUR BANK ACCOUNT WITHIN 29 DAYS!

CLICK HERE NOW to begin your future!

Categories : Events
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Have you heard the news about the turbulent times in Real Estate?

Despite the news – Do you realize today’s Real Estate Market holds the very best opportunities?

Did you know that Real Estate has made more millionaires than anything else in the history of our great country?

Billionaire J. Paul Getty says “…Buy when everyone else is selling and sell when everyone else is buying…”

Billionaire Warren Buffet says “..Be fearful when others are greedy and greedy when others are fearful..”

DIG is sure you will agree that our country is loaded with fear and that being a buyer in today’s market is scary. What if we could show you a safer way to buy real estate today – would you be interested? Of course you would and that is why DIG has invited a very good friend, Wendy Patton, to share her strategies with you. Wendy is a global expert on Lease Options and is THE EXPERT in buying properties with none of your own money or credit. Wendy teaches how to minimize the risk in every transaction.

Unfortunately, the current economic situation has made it challenging to buy houses with traditional methods and that is exactly why Wendy is one of the most sought after teachers today.

You may be thinking:

  • What if I don’t have any money to buy houses?
  • What if I don’t have good credit to qualify for loans?
  • What if I get stuck with a house and can’t sell or rent?

You must understand that you are not alone with these questions.

Wendy will show you how to overcome these challenges on October 2nd.

CLICK HERE to register now!

DIG fully understands you may feel these are scary times but these times also present the best and the most profitable opportunities.

Don’t you owe it to yourself and your family to learn everything you can and to take advantage of the current opportunities? We at DIG are sure that you have heard that within each challenge lies an opportunity and Wendy will show you the safest way to take advantage of the current opportunity.

Now is the time to seize the moment, turn the tables and turn your current challenges into opportunities that will give you the income you deserve.

To take the first step, join DIG on October 2nd to LEARN HOW TO PUT $5,000 – $10,000 IN YOUR BANK ACCOUNT WITHIN 29 DAYS!

CLICK HERE to register now!


Categories : Events
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‘PUT THOUSANDS OF DOLLARS OF PROFIT IN YOUR POCKET WITHOUT DOING THE WORK YOURSELF! MORE PROFIT IS LOST IN THE FIX UP OF PROPERTIES THAN ANY OTHER AREA! PETE WILL TEACH YOU HOW TO BECOME MORE SUCCESSFUL IN YOUR INVESTMENT CAREERS BY TEACHING YOU HOW TO SAVE TIME, MONEY & INCREASE THE VALUE AND EQUITY OF YOUR PROPERTY’ by Pete Youngs

TWO DAY WORKSHOP

Bus tour With MR. REHAB, Pete Youngs

On Saturday you will spend the day with Mr. Rehab– Pete Youngs touring houses that need rehab. He will teach you how to do a home inspection– see beyond what you think you see, and learn to look for the less obvious repairs that could make or break a good deal. He will explain what needs to be done and how to do it the easy way and SAVE money doing it.

On Sunday Pete will take you on a tour of HOME DEPOT to show you some of his BEST SECRECTS. After a tour of tools and materials that can help you save $’s Pete will bring you back to the classroom and give you hands on-PERSONAL– training on how to use these new ideas to increase your profits.

You don’t want to miss this opportunity to learn from the best. Seats are limited and are on a first come basis. Sign up EARLY to save your spot. Get a DISCOUNT if you sign up for BOTH DAYS

CLICK HERE TO REGISTER

Spend Two Days learning from the best!

Pete Youngs aka Mr. Rehab

Date: Saturday October 23rd   Time: Registration 8:00 AM – Bus Leaves at 8:30am

The bus is leaving from “TBD”. After the tour, we will be having lunch at the Golden Coral in Mt. Ephriam, NJ, and workshop to follow.

Date: Sunday October 24th Time: Registration 8:00 AM

We will meet in the Lumber/Building Materials Department at the Willow Grove Home Depot, 2250 Easton Road, Willow Grove, PA 19090. (PA Turnpike exit 343). After the tour, we will be having lunch at the Ft. Washington Holiday Inn, 432 W. Pennsylvania Ave., Ft. Washington, PA 19034 (PA Turnpike exit 339). The hands-on workshop will follow.

CLICK HERE TO REGISTER

Categories : Events
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From the desk of John Hepner:

It is that time again.  This month I am suggesting a great CD for everyone.  As you may be aware, commercial real estate is down.  One of our members Phil Falcone has just published a new book – ADDICTED TO REAL ESTATE and Phil has made the transition from residential to commercial.    In honor of this event, this month I am featuring a CD from April 2006.  That meeting featured DENNIS CLINE speaking on Commercial Real Estate.

For those of you that have not been around for 30 years, Dennis is one of the founding members of DIG.  Yes that means all the way back to 1978.  Dennis is a real estate broker, property manager, teacher, and all around very knowledgeable guy.  You don’t get better.  This is your chance to hear Dennis for $10.  Yes that is right $10.  I told you last month to save your change each day.  Now it is time to put that capital to work.  Commercial real estate is different from residential real estate.  You now can learn from an expert and adjust your plan for the future.

Remember the DIG CD club is designed to highlight a great CD each month.  How many current members were not members 4.5 years ago.  This is your opportunity to listen to a great meeting from the past.  The knowledge is timeless.  Also, I have asked if Dennis will be at the meeting.  He said unless there is a last minute change, he will be there.  Here is the chance to continue your autographed collection.  I believe if you ask, Dennis will be happy to autograph your copy of the CD.  There will be 25 copies at the meeting for your purchase.  Last month, we had 25 copies of Marc Halpern and at the end of the meeting there were only 2 left.  I am sure that everyone enjoyed Marc’s CD and I am also sure you will enjoy Dennis’s CD.  Where else can you spend more than an hour learning from someone with over 30 years of experience.  I know I and other people have posted that DIG membership is priceless.  It is and one of the reasons is the work and effort of Dennis Cline.  Now is your chance to learn from decades of experience.  How often do you get to learn from someone who has been investing in real estate for over thirty years.  I can not stress enough the opportunity to learn from Dennis.  He is one of the few members who have been members longer than me and it seems like forever.  (well since 1981 anyway)   Show up early and get your CD, you will not be disappointed, and then enjoy the trade show.  It truly will be  a win/win night.

Now the hook for this month.  You may wonder why I chose to feature a 4 year old CD.  That is because the information can be used anytime in your bag of tricks.  In 2002, I used a technique that I learned at DIG from twenty years ago.  I had never used that technique previously.  Surprisingly it worked and I made approx. $50,000 on that deal within a year or so.  Would you like to know what trick I used?  Last month, we sold 22 of Marc’s CDs.  If we sell 23 to 25, I will post the technique on the Answerline.  So now, you not only get great advice from Dennis, a possible autograph, but another trick for you bag of tricks.  All for the LOW LOW PRICE of $10.  We are talking about 30 cents a day.  Continue saving your daily change as the great CDs will continue to be highlighted each month.

- John

Categories : Uncategorized
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Pottstown

Your help needed to counter anti-landlord activists

It seems, thanks to fellow DIG members and the Pottstown Mercury, the borough is starting to rethink how they write these new ordinances. I was hoping some more people would reply, but it is in the past. Pottstown investors need some help once again. There is a small group of activist running 2 blogs. Code Blue, and Save Pottstown. I need to ask you to read the following quote, go on to their sites and speak your feelings. I find them discriminatory and offending, and we need to stand against them. I believe it is due to their lobbying at Boro hall that this ordinance started in the 1st place. Go to www.pottsmerc.com and read the posts by DaisyBeGreen on the 2 threads on July 6th and July 9th concerning landlords and these ordinances. She is one of the instigators involved. We need to show power in numbers to let them know we will not allow this slander to continue. Please google code blue pottstown, then link to the save pottstown site and post how offensive you find them. If we can get the people of Pottstown to stop reading their blogs, we can diffuse their offensive tactics to turn homeowners against landlords. Please help!!

Doug Campbell

The article which was in the Pottstown Mercury can be found at http://www.pottsmerc.com/articles/2010/07/09/news/srv0000008784431.txt

Note: You don’t  need to be from Pottstown to post your comments. This kind of legislation creeps from place to place to eventually affect us all.  We should all be posting to get the other side heard from.

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Jul
22

Buy CD’s from past DIG meetings

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“The CDs from past Diversified Investor Group (DIG) meetings are available for purchase for $10 each.  This is a huge bargain.  Going thru the past few years of DIG meetings will give you a treasure trove of ideas, money making tips, etc.  You have national speakers and a plethora of local speakers working in this area.  Even if you are on a budget as many are today, save $10 per month and this will enable you to increase your income.  $10 a month is about 33 cents a day.  I am sure you can save that to increase your knowledge, income and/or time in the future.” - John Hepner

CLICK HERE to see what CD’s are currently available for purchase.

Categories : Real Estate
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Jul
22

Speed Networking with DIG

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SPEED NETWORKING is back at DIG. After the success of our Holiday Party Networking event last year we knew we needed to reintroduce “speed networking.”

Register NOW!

This is a great time to sit one-on-one with the LOCAL experts at DIG. We have some new experts this time around as well as some of the old favorites. Bring a guest and plenty of business cards and enjoy the fun.

Here is the line up so far:

  • Don Beck-Landlording
  • Bill Kratz- Successful Wholesaling
  • Dennis Cline-Creative financing
  • Rich Heller- 1031 Tax exchanges
  • Anil Dham- Commercial RE
  • Tom Gilles- Section 8
  • Marc Sherby- Sheriff Sales
  • Mike Mumma-Public adjuster, Repair expert
  • Raymond Lemire-OPM, Private financing
  • Jim Kilgannon- Foreclosures
  • Marc Halpern- Lease- option
  • Jim Bennett- Hard Money lending
  • Don Rotanz- Rehabbing to rent or flip
  • John Hepner– Taxes and tax strategies
  • Bruce Shaw – Real Estate Law, Title issues
  • David Artigliere- Home inspections and 203K Financing options
  • David Witsen- REO Expert, Short sales, Investor friendly realtor
  • Doug and Deb Campbell- Recovering from Fire in your investment properties
  • Jeremy Ricci-‘investor Gadget’- Tech to grow your RE Business
  • Phil Falcone- Getting Rich using Phil’s Strategy of Residential to Commercial RE
  • Greg Davis-Environmental Liabilities AND Getting Started in RE
  • John Erdek- RE Law, LLC’s Partnerships and Corporations (oh MY!)
  • Patty Burgess- Shortsale expert, Back to back Shorts
  • Kathy Gilmore- Realtor, Business and Life Coach, Wholesaler, rehabber

Also, all attendees will be automatically entered for their chance to win a $100 gift card!

“Phenomenal line-up!!! Great diversity of topics that covers almost every aspect of RE investing!!! This type of meet-ing represents a combination of networking and education at its best. This has even more huge value for many newer investors, especially those who are somewhat shy, who would otherwise not get the opportunity to get one-on-one answers from experienced local experts. If I were not a speed netwoker myself, I would line up to absorb wisdom from everyone on the list. DIG membership is already the most cost-effective investment a local investor can make. This event enhances the DIG membership decision as a slam dunk!” – Marc Halpern

Categories : Events, Real Estate
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OWN YOUR LIFE THROUGH REAL ESTATE INVESTING

If you are enrolled in DIG’s R.E.A.D. Program or have access to the Answer Line, then you will certainly have had the pleasure of learning from Marc Halpern. Marc is the co-Author of  “We Buy Houses, Sometimes” . Not only is his book hard to put down but Marc is also  an engaging speaker!

Marc has a PHD and is a full time Chemist, but don’t let that scare you away! He is also a successful part- time investor. Marc’s topic ‘Own your Life through Real Estate Investing’ is a simple logical approach to combining Life and Real Estate investing.  Learn Marc’s process to achieving happiness while securing your financial well being, utilizing the tools of motivation, and take control of your life!!

Also, don’t miss the Mid-Year Market Up-date with DIG’s own Market expert, Kathy Gilmore. Kathy will give you an overview of where the Real Estate  market has been for the last year. You need to know your market and follow the trends so you know what price to buy at and when to buy. Kathy will give you CURRENT market info right off the MLS!!

Kathy Gilmore is a DIG member, a PA licensed real estate agent with Keller Williams, a certified Business and Personal Results Coach, and has been an active real estate investor for the past 8 years. She can be reached through her website at www.reallifecoachingsite.com.


** DO NOT MISS THIS OPPORTUNITY!  You will NOT be disappointed!**

CLICK HERE TO REGISTER NOW!

Categories : Events
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