All Forum Posts by: Elena Z.

Whats the rationale behind this prohibition? how can i still buy elsewhere if i cant afford my neighborhood where i rent? Do i need conventional loan with 20% down? Or maybe just get a piece of land?

Hi. Is it possible to buy property while continuing to rent? I cant afford to buy where i live, but can in other markets or more remote areas. Does it mean being precluded from being able to take advantage of various first time home buyer or downpayment assistance program? Thanks.😇

Oh my, thanks for a thoughtful post and the pointers to ponder over.. I wonder whether there is any regional preference as to which  insurance company to go with and whether your agent have to be from the same locale. I might PM members who responded in this thread once I brush up on this topic a bit more.

Some people complain that they cannot sell townhouses/condos down the road when they want to increase their family and move on. No willing buyers. I guess this does not apply to really hip and trendy areas in the coveted zipcodes. 

Thanks for the input, guys. I could not find a link to Mr. Rutckowski LI blog, though.

 I am a total rookie when it comes to LI. What is the agent's role in it, do you HAVE to go through them? I talked to one and he reminded me of a "used car salesman". Initially my instincts were telling me whole life is what makes sense: aren't you more likely to die when you are old plus the investment option?  but I guess price difference makes it not worth it. unfortunately, some folks may be risk averse to invest in stock market or other risky things so as to become self-insured in old age. I was planning to focus on real estate investing as my retirement plan. 

Hello,

I am looking to purchase life insurance for the first time in my life. From my law school classes I vaguely remember that whole life insurance is the bad one and  term life insurance is the good one hahaha. I need insurance at least for the duration of the mortgage. (30 years) but also to take care of one among my dependents who is disabled (not sure how much it takes to start a trust fund for them). Of course we can never know how long we or our dependents are gonna live for but I would appreciate some ideas as far as where to start looking and should i also consider  a life insurance with an investment component to it as my first life insurance.

Hello,

I am looking to buy my first home in Los-Angeles or Orange county, which is in a state of RE bubble right now. Housing is very expensive, but one has to start somewhere. Currently renting but plan to live in CA for the rest of my life because I switched careers (from law to modeling and acting). I am not rich as of yet. Houses I can afford are not in very attractive areas. The only way to buy into a more or less desirable area is to buy a condo or a townhouse. But I am worried that a starter home idea means buying and then trying to sell down the road while being fleeced by RE agents in transaction fees again an again as well as having hard time finding a buyer (somehow SFR houses unlike townhouses are more popular and sell fast). Or is it better to rent until one can buy a house he or she likes to live for the rest of one's life if one likes access to a garden or backyard as well as much needed privacy and noise isolation.