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All Forum Posts by: Robert Musallam

Robert Musallam has started 7 posts and replied 277 times.

Post: New investor - Silicon Valley / San Jose CA

Robert MusallamPosted
  • Investor
  • San Jose, CA
  • Posts 294
  • Votes 113

Welcome @UV Singh

You're definitely in the right place. The folks here are mighty helpful, so don't be afraid to reach out if you need anything.

Best of luck to you!

Post: Wholesalers in the bay area?

Robert MusallamPosted
  • Investor
  • San Jose, CA
  • Posts 294
  • Votes 113

Hey @Shannon Wright Could I please get your list as well?

Post: Looking for a good mortgage broker

Robert MusallamPosted
  • Investor
  • San Jose, CA
  • Posts 294
  • Votes 113

Hey @Kaz M.

I second @Naveed Q. you should contact @Chris Mason

Anyone else I can tag in this post ;)

Post: New Member from California

Robert MusallamPosted
  • Investor
  • San Jose, CA
  • Posts 294
  • Votes 113

Hey @Christine Roush Welcome to BP!

I know what it's like to struggle at the beginning. Feel free to reach out, I'd be happy to share some strategies that worked well for me in SJ.

Best of luck to you!

Post: New Member from the Bay Area!

Robert MusallamPosted
  • Investor
  • San Jose, CA
  • Posts 294
  • Votes 113

Hey @Henry LiChi Welcome to BP!

Best of luck on your future investments!

Post: Putting down less than 20% in SF Bay Area

Robert MusallamPosted
  • Investor
  • San Jose, CA
  • Posts 294
  • Votes 113

@Ben Rice

That depends on your personality and your long term goals. I'm a fan of owning more doors, while also not against living next to my tenants in order to own more doors. For me the decision is easy, I'd buy a multi and if I didn't like the living situation I'd move out in a year. I can rent that unit and then go shop for either another multi or a SFR.

In regards to a multi being hard to carry when/if a vacancy were to occur...If you're doing the calculations correctly and assigning a value to vacancy every month (and actually saving that money) then a vacancy shouldn't hurt when it happens.

Post: Real Estate Agent for Turnkey Properties?

Robert MusallamPosted
  • Investor
  • San Jose, CA
  • Posts 294
  • Votes 113

@Spencer Hsu

An agent may have more local area knowledge than you and therefore can ask the right questions to the turn key provider. So, before you decide to invest in a particular area, do your research so you know what sorts of questions to ask and be sure to search/ask about the Turn Key provider on BP to make sure they have a good rep.

You definitely don't need an agent. Keep the community posted and we'll be happy to answer or guide you in any way.

Post: Loan Officer

Robert MusallamPosted
  • Investor
  • San Jose, CA
  • Posts 294
  • Votes 113

Hey @Nicholas Calciano Welcome to BP!

You're in the right place to get connected! Help your fellow BP members out by answering questions in the forums and you're sure to connect with potential customers!

Best of luck to you!

Post: Aspiring RE Investor in Bay Area

Robert MusallamPosted
  • Investor
  • San Jose, CA
  • Posts 294
  • Votes 113

Hey @Tim Hsu Welcome to BP!

Nice job on the first investment property! Now go get the next 100!

Best of luck!

Post: Putting down less than 20% in SF Bay Area

Robert MusallamPosted
  • Investor
  • San Jose, CA
  • Posts 294
  • Votes 113
Ben Rice From my understanding, Yes. Lenders can only use the data to help you qualify if its real, not pro forma. Chris Mason may be able to correct me if I'm wrong.