All Forum Posts by: Robert Musallam

Hey @Bryan Nunes

Welcome to BP! Sounds like you've already gained some experience--thanks for sharing! See you around the forums!

Hey @Ben Rice Welcome to BP! Dig into those podcasts, download and read the free resources, and you'll be ahead of 90% of aspiring investors out there.

Best of luck to you as you get started!

Hey @Hai G.

 Welcome to BP and congrats on your two purchases! Sounds like you've done pretty well so far! 

My advice would be to seek out areas of the still developing bay area. I'm shamelessly a fan of downtown San Jose (and surrounding areas) and think that there's decent money still to be made there long term. It certainly depends on what type of investment you're looking for (multi vs single family) but I would keep my eyes open for any duplex/triplex in these areas.

Feel free to reach out with any questions. Either way, best of luck on your future investments!

Hey @Brian Tremaine Welcome to BP! Lot's of great folks here to help you make the right decisions. Best of luck to you on you future investments and see you around the forums!

Hey @Gary F.

I would have to agree with @David Schach. Your mortgage payment may be really low (which may be all you're looking to get out of this transaction) but your actual cash on cash return would be really terrible.

If I were you (and looking to to maximize my investment potential) I would still consider selling and buying into the duplex but not putting nearly as much down. Then with the remaining funds, allocate some to a secondary investment property (which could be something an hour or so away--think Hollister, Monterey or Salinas) where your dollar can travel a little father for similarly sized units. In other words, why use all your cash to buy one when it's more than possible to buy at least two leveraged out.

Feel free to reach out if you have any questions and best of luck on whichever route you decide!

@Ari Maguire

A long time ago I used to play with the Chiefs in DDD, I now play with French Toast in DD and Breaking Chad in CCC. I'm sure we've crossed paths before. I love hockey, can't get enough of it!

It would be cool to connect down at Stanleys some time...we should make it happen!

Hey @Ari Maguire Welcome to BP! It's great to hear you've been digesting all that BP has to offer. It's a great community!

I too am a fellow hockey player. I play DD and CCC. We should connect at Stanley's some time, have a drink and talk Sharks and RE investing in this market--not sure which one will be more frustrating :).

Best of luck on your future investments!

Hey @Thomas Seay welcome to BP! You're definitely in the right place to learn ALL things real estate.

I would suggest you check out the BP store http://www.biggerpockets.com/store and get a copy of the Book on Flipping Houses & The Book on Estimating Rehab costs. Very detailed and very informational for the novice flipping investor. 

As for acquiring more rental properties, (in my opinion) it's best to team up with an agent who understands the market in the areas you're looking to invest in. They should also have a team ready to assist you in every phase of the transaction (lender, inspectors, etc...) Furthermore, that agent should be able to find & analyze the deal for you as opposed to the other way around. 

If you have any questions about our market, please do not hesitate to ask. And best of luck on your future investments!

@Account Closed

 Hey Joey, anything north of San Jose on the peninsula side will be expensive.  Alameda county is fairly priced, with the exception of Fremont, which is getting more and more expensive. Morgan Hill/Gilroy and farther south Hollister (which is at the one hour commute mark) are definitely more affordable.

If you/your friend has any questions, please feel free to ask.

@Carson Sweezy

 She could consider a condo in downtown SJ for around that price. The commute to Mountain View through Foster City would be about 25-35 minutes from there. I'd also be happy to help her find a rental if she would like some assistance. Feel free to reach out.