All Forum Posts by: Joshua Chen

Welcome to BiggerPockets, Jonathan! One important thing to do is to network a lot, form a lot of connections with people. You never know when a potential lead or deal will come from someone who you met. 

What does "CC" stand for? I'm guessing "LOC" is "line of credit"

I think I sort of get what you mean by "infinite return," but it's more like "passive income" though. Although, technically, you could get an "infinite" return if you did something like a no down payment, 100% financed deal (since the amount you invested would be 0, and divide by 0 gives you infinity return on investment).

I would recommend first getting yourself properly educated in real estate. Since you have access to the Internet, you can access a host of valuable resources such as videos, blogs, websites, webinars, and e-books - all of which will provide you the information you need. BiggerPockets is a great place to get started and network with other real estate investors! Later, when you're getting ready to close your first deal, it is possible to do so even if you don't have money to invest. The general term for this is "creative financing" (you can search it up). It's not that you don't bring money to the table, but that you bring other people's money (ie OPM) to the table. There's actually a directory of authentic hard money lenders here at BiggerPockets, up at the toolbar under the "Resources" tab. It is possible to buy property outside your country, but I would not recommend doing that as a newcomer. Property management in another state is difficult enough already, let alone another country.

hm.. it's like asking if you can be greedy for wanting to do a lot of work. You do reap the profits from work you do, but I'm not sure if that's "greedy," because you're also working for it. It could be greedy if you *only* do it because you want the profits and you don't care at all about the work you do.

Ah yeah, I saw that Youtube video about the newly-released Apple Watch product! It looks quite comfortable, portable, and easy to use based on what people were saying about it.

For place to hold onto the money, I would recommend thoroughly researching the details of those various options you could take. You generally want the ones with higher rate of return on your money (ie higher interest rates). High liquidity (ease of access to the money) is also important though, because you never know when you will need the money for an impromptu deal that came out of nowhere. Money market funds are considered to be highly liquid. As for whether to invest a lump sum or split the sum, you'd want to run some calculations and make an educated guess as to which will give you a higher rate of return on your money. It is worth noting though that splitting the sum may reduce your risk because you're allocating your money to multiple sources rather than putting all your eggs in one basket (ie diversification).

Sorry about your situation. I don't know if this will work, but.. you could consider explaining to the hospital the difficult position you're in? They might be understanding about it

A big disadvantage of partnership to consider is the possibility of disagreements over the general direction of the business. Depending on how well you do conflict-resolution, this can be less of a problem.

Most people's responses will probably have something to do with financial freedom