• 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

  • Are You Using Seller Financing For Real Estate Deals Are You Using Seller Financing For Real Estate Deals

    1 comment / Posted on by Steven Rivera

    Are You Using Seller Financing For Real Estate Deals

    Seller financing (also known as owner financing) is a concept in real estate investing that a lot of people are not familiar with. It is a great thing to be implemented because it is beneficial for everyone that is involved. 

    The first thing to know about seller financing is that the subject property must be free and clear. If the property is not free and clear then seller financing is out of the picture. If you can't find a good property that is free and clear there is the option of "subject to" financing which we will discuss another day.

    The next thing to know is that a great benefit to seller financing is that you eliminate dealing with the bank. The deal is strictly between you and the seller. Not having the bank middle-man the deal is good for both parties. 

    So you may ask yourself the question of once you find a free and clear property that you like, what do you do? You and the seller negotiate a deal and create a promissory note that states how much money the seller is going to lend you followed by interest rates, a payment schedule, and consequences of default. You are actually setting up a mortgage, but it is with the seller, not the bank. After you negotiate a deal and the property is in your name you are ready to start rehabbing the property. 

    Investor Benefits

    NO MONEY DOWN!

    Almost all real estate deals will require a down payment. Owner financing...

    Seller financing (also known as owner financing) is a concept in real estate investing that a lot of people are not familiar with. It is a great thing to be implemented because it is beneficial for everyone that is involved. 

    The first thing to know about seller financing is that the subject property must be free and clear. If the property is not free and clear then seller financing is out of the picture. If you can't find a good property that is free and clear there is the option of "subject to" financing which we will discuss another day.

    The next thing to know is that a great benefit to seller financing is that you eliminate dealing with the bank. The deal is strictly between you and the seller. Not having the bank middle-man the deal is good for both parties. 

    So you may ask yourself the question of once you find a free and clear property that you like, what do you do? You and the seller negotiate a deal and create a promissory note that states how much money the seller is going to lend you followed by interest rates, a payment schedule, and consequences of default. You are actually setting up a mortgage, but it is with the seller, not the bank. After you negotiate a deal and the property is in your name you are ready to start rehabbing the property. 

    Investor Benefits

    NO MONEY DOWN!

    Almost all real estate deals will require a down payment. Owner financing...

    Read more