The Nick Chaconas Experience

A Journey of Wealth & Well-Being

From "aha" to "oh crap ," I'm sharing everything on my journey as an investor.

My name is Nick Chaconas. Just an ordinary guy who decided I wanted something more.

"My family deserves better. I'm capable of so much more. I'm tired of living a mediocre life as I trade time for money."

That's how it all started. I was sick and tired of the life I was living, with all the wrong dialogue playing on repeat in my head.

In early 2021 I committed to leave the life of "just being a realtor" behind and become a real estate investor .. and to document the journey from brand new real estate investor to having consistent $20,000+ months!

blog image

Expect the Unexpected

April 18, 20241 min read

As I traverse the world of real estate investing, the only certainty - not unlike death and taxes - is uncertainty.

Every property has it's own unique circumstances, whether related to the owner or the property or both.

It's a bit like those choose-your-own-adventure books I loved when I was a kid.

For instance, a seemingly straightforward deal can suddenly require complex negotiations due to undisclosed property damages or legal entanglements from previous owners.

I've learned the importance of expecting the unexpected and staying agile. Just recently, with my Catalfa property, it appeared to be a prime deal at a competitive price so I jumped at the opportunity and locked it up with a contract.

However, as I documented recently (Will She Be Mine?), I learned the seller was 4 months behind on his mortgage payments and owed the utility company $7,000 on top of the roller coaster ride I had securing financing for the project!!!!

This could have derailed many investors, but anticipating such hiccups allowed me to act swiftly to reassess the deal's viability or negotiate ideal terms.

In this dynamic market, adaptability is key. Being prepared to pivot and adjust my strategies has been crucial. Each obstacle is an opportunity to learn and grow stronger in my investment approach.

By expecting and embracing the unpredictability, I continually refine my ability to foresee potential risks and leverage opportunities, keeping me ahead in the game, not only in business, but in all area of life.

Back to Blog

Invaluable Tools of the Trade

ASSET CONTROL SPECIALIST, Start Your Investing Journey

GRIT, Defeat the Lesser Self - (Mind, Body, Business, Relationships transformation)

PARTNER, Guaranteed implementation - (at least 10:1 ROI)

CODE OF THE HEROIC SELF, Become Hard(er) to Kill Every Day

By reading this, you agree to all of the following: You understand this to be an expression of opinions and not professional advice. You are solely responsible for the use of any content and hold Tsakona Media & Investments LLC and all members and affiliates harmless in any event or claim. If you purchase anything through a link in this email, you should assume that we have an affiliate relationship with the company providing the product or service that you purchase, and that we will be paid in some way. We recommend that you do your own independent research before purchasing anything.

© 2024 Tsakona Media & Investments LLC | 14732 Chisholm Landing Way, North Potomac, MD 20878