All Forum Posts by: Wendy He

Hi my business partner and I want to start an LLC partnership (in PA) for acquiring properties in PA. Anyone can suggest a local attorney here for drafting LLC agreements and other legal issues? Thanks.

Thanks Michael. 

To Timothy, my business partner lives in NJ and he will go through most of the operations.

Can anyone recommend an experienced East Stroudsburg area eviction attorney or firm? Just purchased a foreclosure and need someone to work with the previous homeowner who still lives there.

Thanks.

Thanks for all your valuable inputs. I will definitely take some of the advices and start looking around.

I am late to the game and just like everyone else, I wish I had purchased property back in 2012 when we first moved here. We currently rent but we prefer to buy and own. Here is my dilemma; I would love to buy in the bay area, especially the San Jose area or Peninsula but the prices are still very high and cash flow sucks. Together with a friend, I have been actively analyzing the individual trend of real estate and population movement in various markets of the US and try to invest with him together (Didn't start yet). We can only front $150k ish for purchasing but if I use it to purchase something in the bay area, all the money is tied up with my home and we will never be able to invest in cashflow properties elsewhere. If we continue renting and use the money for investment in other markets, it is still an inconvenience to not have a home, let alone all those tax benefits of having a mortgage. Not trying to time the market, but I do want to take advantage of this low interest rate and potential volatility around this election.

Here are some facts about us.

1. We are both basic academics with low pay compared to people in the Tech sector in this area. (our pay could increase when we change jobs but due to the high tax and cost of living, it is insignificant)

2. We are would-be first time home owners. We have good credit scores 750+. We have a lot of credit cards but never carry balance. (could be a downside)

3. We live below our means and save as much as we could (Still lives happily, thanks to free travel and hotels from credit card offers). I am good with money and personal finance. (For example, each year a major bank credit card would give us up to $30000 0APR, 0% fee balance transfer offers and in the past I only put the money in CDs or Stock Market indices)

4. I am entrepreneur- and investor-minded and I don't see myself as working 9-5 job for the rest of my life (currently I am).

6. I have knowledge about real estate and investing through books and videos but that is pretty much it.

So the question: to buy or not to buy in the bay area? What to buy? SFH or 3+ room condos/townhomes? It would be nice to rent one unit out.

Your thoughts would be highly appreciated!

I would not recommend Raise.com. I have purchased $1000+ worth of Target giftcards from them and the balance was 0 on several cards a week after. Had to call Target, Raise and threatened a police report before Raise refunded me.  There is always risk in purchasing discounted gift card. My recommendation is to purchase from a reputable source and USE THEM IMMEDIATELY.

A lot of these giftcards are purchased with stolen credit cards. The retailers can terminate the card anytime. Be careful.