Los Angeles Real Estate Blog

Buy Income property in Silver Lake and get help paying your mortgage

Buy Income property in Silver Lake  and get help paying your mortgage. If you are currently renting a home or apartment in Silver Lake or Echo Park and are considering buying your first property, does it have to be single family home?  

Why not start off with an income property instead of a house and stop throwing money away on rent?  Your landlord has been letting you pay his mortgage, why not let somebody help you pay yours instead?  Qualifying to buy 2 to 4 units is not much different than getting a mortgage for a single family home. PLUS, some of the income generated by the unit(s) you are not occupying yourself can be counted towards your own income to qualify you for a higher purchase...

Pets and Real Estate Don't Mix

Pets and Real Estate Don't Mix
 
Whether you're buying or selling a home here in Silver Lake, pets and real estate simply don't mix.
If you're selling a house, the best thing to do is take your pets with you when you vacate for showings. If that's not possible, they need to be contained in a kennel or a kennel cage.
Why? Three reasons.
Some prospective buyers are deathly afraid of dogs and cats. If your pet is loose in the house, they won't come in. And truthfully, you shouldn't want them to.
Most dogs believe it's their duty to protect their home and family. That means even the friendliest dog might decide to take a bite out of an "intruder." The liability is such that even if the buyers want to go in, the agent might refuse to allow it.
The second reason is that "pet people" will focus on the pet instead of the house....
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