Bill Posada

Go for it.... Let me tell you a few stories that may help you. I know a gal that target a highly desirable neighborhood that she liked. She target home owners that had lived in a home for a long period of time thus may be looking to down size. Her letter explained her objectives offering reasonable price to TBD and included a brief family scenario. Sure enough, an older couple responded and she bought a beautiful house at a reasonable price with no competition. There also was an older couple that wanted to sell their house but did not want to have a sell sign on it or listed....sure enough a friend of mine bought it for a reasonable price. Contact a Realtor and they could get you the name and address of the home owners.

Hope this helps you and good luck on your search. - Thu Apr 10 2008, 22:47

My experience with partnerships has shown the best is not to have one. Ok, partnerships do have their positive aspects, share of liability, reduce cash requirements, etc. I recommend you meet and develop a game plan for the partnership, how is it going work, who pays for what, what are each partner's responsibilities, etc. Two very important items to discuss....duration of partnership (2yrs, 5 yrs etc) and exit strategy.

Once those items have been figured out...see an attorney (a must) he/she will provide the appropriate documentation and advice to how to establish you’re holding venue. Team up with a "full time" realtor who will work with you over the years and assist you in buying and selling the property. Real estate fees are significant thus interview a few agents who will provide maximum service with reasonable costs. Remember all fees are negotiable. Finally, since this is a business venture get together with a lending broker for loan guidance.


Good luck on your investment, I am sure if planned well it will be very profitable over time. - Thu Apr 10 2008, 22:24

The answer to your question is simple; now is a good time to buy in LG and MS. I live in this community and think it is the greatest of place to live. Since these areas are highly desirable due to schools, community, well run city, low crime, etc buying a home in LG and MS is always a good move. Over time you will recognize a good return on your investment.

While most of California is currently in a "buyers market", Los Gatos, Monte Sereno, Saratoga and Palo Alto are still in a Seller's Market. Case in point: two homes in the area recently one had16 offers and the other 24 offers. The difference between the market last year and today is not all homes are obtaining multiple offers thus providing a buyer some latitude in obtaining concessions from the seller.

If you qualify to purchase a home in LG or MS I can't think of no better time than now. There is no crystal ball to tell us when the optimum time is is, thus the best time for you is when you are ready to make the move.

Good luck and I hope you become a member of our community. - Thu Apr 10 2008, 21:58

Hi Rajiv,
I suggest Santa Clara....my last investment was there about 6 months ago. The reason I choose Santa Clara include: Utilities, there are lower in Santa Clara than anywhere else because Santa Clara city buys the utilities at a discount and pass them over to the home owner. From Santa Clara your are short distance to San Jose, Sunnyvale, Mountain View, Palo Alto where there are many jobs thus you will find higher resale value and rental fees (should you ever rent your property) and Santa Clara is a well run city. They have a good tax base with a mixture of residential and commercial properties. All these items are a plus which north San Jose may not have. Good Luck - Thu Apr 10 2008, 21:36

Hi Adina,
I guess the best way to answer your question is: would you prefer to purchase a house surrounded by beautiful houses or ugly houses? That said, there are many factors when choosing a home such as curve appeal, location, schools, etc. General speaking a pie shape are more in demand because the lots are general larger. As the ugly house next door, it may not increase the value of your house as if you had a nicer home next door. Hope this helps. - Thu Apr 10 2008, 21:21