All Forum Posts by: Robert Musallam

Hi @Raquel Pea 

I wouldn't say all hope is lost. There will always be people who have issues an all-cash offer will solve. Having said that, I'm not sure what you're marketing plan looks like but if you truly are feeling the pinch of the market, becoming an agent cannot hurt. 

Feel free to reach out if you have any questions on becoming an agent. I just passed the two year mark and it's been an interesting journey so far. I'd be happy to share some of my costly failures.

Good luck @Robert Nelson and @Mario Mendez

My first two years in the business were rough. I'm much better off now. Feel free to reach out if you need to bounce some ideas off of someone or before you commit marketing dollars to a "lead-gen" company.

Hey Steve S. I'd have to agree with Todd Plambeck fix the things most likely to give you a headache more often up front and attract a better tenant. Being pro active is better than reactive. All the best to you moving forward.

Ivan Zlatev welcome to BP! Lots of great folks for you to network with. All the best to you moving forward!

@Brian Beck

@Account Closed and @Arlen Chou are right. The two bay area properties will help you gain financial independence quicker while in your possession that if you sell them now to buy anything in Tennessee. 

As a realtor, my business is to sell real estate, however my real obligation is to advise you. I'd hold on to these two and use them strategically to your (un)fair advantage. Best of luck to you.

Hey @Brian Garlington. Welcome to BP!

@Mike D'Arrigo does work in Indianapolis. He's a good person to connect with on that front. Best of luck on your out of state investing!

Hey @David A. Vasquez II

Welcome to BP! Lot's of good information for you to consume here to get started. If you haven't already, jump into the podcasts and start listening to real, on the ground investors talk about what & how they do what they do. It will really help you identify an investment strategy that best suits you.

Be sure to connect with a ton of people here too, especially at the local meet ups. It will absolutely benefit you in the long run.

Best of luck to you on your home purchase and future investments!

Hey @Jon Quijas Welcome to BP! 

I always tell my clients, if you can invest here then you should. But based on your information, you'd need a property to truly cash flow right away in order for you to qualify for it financially. That may be tough to do locally in a 2-4 unit. 5+ isn't completely out of the question with 260k down but that's a step you must be willing to take. 

Either way Jon, you're in an enviable position. And you've come to the best place to ensure you'll make the best, most informed decision for your future. Best of luck to you moving forward!

Btw, I can vouch for @Mike D'Arrigo on the out of state investing. He's a good dude.

Ricardo Meza I agree. Get the seller to credit you an agreed upon amount at close of escrow. Then hire someone yourself to resolve the issue. Just curious, How much are they offering as a credit? Don't know if you've written your offer yet (and I'm not sure if you're representing yourself or being represented) but I'd be reducing my purchase price in addition to the credits received - if the situation warrants it. Are there multiple offers? Are you paying cash? If not, A Seller can only credit you so much to approve the loan. If the seller credits too much for an issue, the lender may be unable to complete the loan due to the foundation being an issue. Hope that helps. And, if you're representing yourself and want some additional eyes on the disclosures, etc...feel free to reach out. Good luck!

Hey @Raluca Ciobanu Welcome to BP! 

If I were you, I'd consume as many podcasts as possible. They can provide a lot of information that you'll most likely apply to your first deal. Also, connect with as many people as possible.

Best of luck on your future investments!