• Why You Should Be Investing in Multi-Family Homes in 2020 Why You Should Be Investing in Multi-Family Homes in 2020

    1 comment / Posted on by Rosemary Rivera

    Why You Should Be Investing in Multi-Family Homes in 2020

    Multi family homes proved to be quite the investment in 2019, and this trend is continuing into the new year. If you’ve been hearing a lot of buzz around investing in multi family homes, it’s all for good reason. Any investor looking for some serious cash flow and a more diversified portfolio in 2020 will definitely find these as a multi family real estate investor.

    Why Investing in Multi Family Real Estate Has It's Benefits

    Over the years, experts have promoted multi family investing as the best way to invest money. Now it might not be the right strategy for just anyone, but the fact still remains- investing in multi family homes definitely has its benefits. Here are a couple.

    Growing Your Investment Portfolio

    The best investment property for your portfolio is one that generates bigger returns faster. Multi family homes are the best type of income properties for building wealth. For instance, investing in a duplex or triplex is much quicker than going with a single family rental in which you would have to allocate your time and energy for each separate unit.

    Financing

    Investing in multi family homes may require a larger start-up capital, but getting approved for mortgage loans is actually much easier for commercial multi family properties. Lenders are more comfortable approving loans for a multi-unit property, in which there will be multiple tenants. This is because multi family housing lessens the dependency of cash flow on just one tenant. There’s just less risk involved from a lender’s point of view.

    ...

    Multi family homes proved to be quite the investment in 2019, and this trend is continuing into the new year. If you’ve been hearing a lot of buzz around investing in multi family homes, it’s all for good reason. Any investor looking for some serious cash flow and a more diversified portfolio in 2020 will definitely find these as a multi family real estate investor.

    Why Investing in Multi Family Real Estate Has It's Benefits

    Over the years, experts have promoted multi family investing as the best way to invest money. Now it might not be the right strategy for just anyone, but the fact still remains- investing in multi family homes definitely has its benefits. Here are a couple.

    Growing Your Investment Portfolio

    The best investment property for your portfolio is one that generates bigger returns faster. Multi family homes are the best type of income properties for building wealth. For instance, investing in a duplex or triplex is much quicker than going with a single family rental in which you would have to allocate your time and energy for each separate unit.

    Financing

    Investing in multi family homes may require a larger start-up capital, but getting approved for mortgage loans is actually much easier for commercial multi family properties. Lenders are more comfortable approving loans for a multi-unit property, in which there will be multiple tenants. This is because multi family housing lessens the dependency of cash flow on just one tenant. There’s just less risk involved from a lender’s point of view.

    ...

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  • Four Essential Components of a Strong Offer Four Essential Components of a Strong Offer

    1 comment / Posted on by Steven Rivera

    Four Essential Components of a Strong Offer

    If you’re in the process of shopping for a home, you likely want to know how to make your offer stand out from the crowd. We’ve put together four components that you can use to your advantage when putting together a strong offer. Read on to learn how to put together an offer that will undoubtedly capture the sellers’ attention.

    Offer Price

    This is one component of an offer that everyone knows about, even if they’ve never been through the process before. However, as the buyer, it might be less of a big deal than many people make it out to be.

    From the sellers’ perspective, the offer price makes a huge difference. The proceeds that they receive from at settlement are the only benefit that they get from the sale of their home. That money could be what they’re relying on to carry them through retirement or possibly these funds may be needed for the sale of their new home. In either case, it is likely that the sellers have a firm bottom line that they need to meet.

    However, as the buyer, you’re a bit more protected from the impact of a higher offer price. Any increase in price will be rolled into your mortgage and you’ll pay for it over the life of the loan. It will likely only make a small difference in your monthly payment.

    Keep this in mind as you put your offer together. While you ultimately have to be comfortable with the amount you agree...

    If you’re in the process of shopping for a home, you likely want to know how to make your offer stand out from the crowd. We’ve put together four components that you can use to your advantage when putting together a strong offer. Read on to learn how to put together an offer that will undoubtedly capture the sellers’ attention.

    Offer Price

    This is one component of an offer that everyone knows about, even if they’ve never been through the process before. However, as the buyer, it might be less of a big deal than many people make it out to be.

    From the sellers’ perspective, the offer price makes a huge difference. The proceeds that they receive from at settlement are the only benefit that they get from the sale of their home. That money could be what they’re relying on to carry them through retirement or possibly these funds may be needed for the sale of their new home. In either case, it is likely that the sellers have a firm bottom line that they need to meet.

    However, as the buyer, you’re a bit more protected from the impact of a higher offer price. Any increase in price will be rolled into your mortgage and you’ll pay for it over the life of the loan. It will likely only make a small difference in your monthly payment.

    Keep this in mind as you put your offer together. While you ultimately have to be comfortable with the amount you agree...

    Read more

  • Consider Your Pets When Buying a Home Consider Your Pets When Buying a Home

    0 comments / Posted on by Steven Rivera

    Consider Your Pets When Buying a Home

     

    If you have dogs, cats, or other pets in your family, you'll want to take their needs into account when you're looking to buy a house. Yes,really. Your furry friends might seem easygoing, but certain homes—and neighborhoods—are more pet-friendly than others.

    Here are some things to consider that often get overlooked; keep them in mind when looking for place where you and your pets can live in peace.

     

    1.  Consider the local pet laws.

    Even if you own a piece of property, it's not guaranteed that your pets will be welcomed there.  Depending on the number and the breed, there may be restrictions especially within an HOA condo development.  

    Some considerations

    • Some HOAs or condo developments restrict the number or type of pets you can have, or spell out how your pet must be restrained in common areas
    • In condo developments, there is often a limit on the number of pets per unit.
    • If you have a breed that tends to bark a lot, find out if your HOA enforces any noise ordinances.

     

    2. Check out the yard and fencing.

    Having a yard where pets can roam is amazing, of course, but keep in mind that if you want to keep your pets in (or other critters out), you'll have to have a fence—or build one.

    There may be zoning laws that only allow underground electric fencing, restrictions on the size or materials allowed for outdoor kennels or dog runs, and most neighborhood zoning will not allow animals to run free, so if you’re looking for a country setting, always...

     

    If you have dogs, cats, or other pets in your family, you'll want to take their needs into account when you're looking to buy a house. Yes,really. Your furry friends might seem easygoing, but certain homes—and neighborhoods—are more pet-friendly than others.

    Here are some things to consider that often get overlooked; keep them in mind when looking for place where you and your pets can live in peace.

     

    1.  Consider the local pet laws.

    Even if you own a piece of property, it's not guaranteed that your pets will be welcomed there.  Depending on the number and the breed, there may be restrictions especially within an HOA condo development.  

    Some considerations

    • Some HOAs or condo developments restrict the number or type of pets you can have, or spell out how your pet must be restrained in common areas
    • In condo developments, there is often a limit on the number of pets per unit.
    • If you have a breed that tends to bark a lot, find out if your HOA enforces any noise ordinances.

     

    2. Check out the yard and fencing.

    Having a yard where pets can roam is amazing, of course, but keep in mind that if you want to keep your pets in (or other critters out), you'll have to have a fence—or build one.

    There may be zoning laws that only allow underground electric fencing, restrictions on the size or materials allowed for outdoor kennels or dog runs, and most neighborhood zoning will not allow animals to run free, so if you’re looking for a country setting, always...

    Read more

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