All Forum Posts by: Joshua Chen

Thanks for the responses all! I'll see what I can do at Riverside.

@Todd Lee I'll definitely contact you this week to take up activities in Oklahoma

I originally wanted to do real estate investments out of state at Oklahoma, but I'm realizing that doing this is quite difficult for a first-timer. I think I should wait until sometime later when I move to Oklahoma to do that. For now, I'm thinking of investing in my local area.. does anyone know if Riverside, CA is a feasible market for real estate investments?

When getting ready to close one's first deal as a newcomer, what are some steps to take to minimize the risk involved?

Welcome to BP, Justin! I've actually been looking into the OKC area because my best friend lives there. Let me know if you want to talk! 

Ah I see, that makes sense

I'll try to use my judgment and gut instinct

What is a bank versus a credit union? What are the advantages and disadvantages of each? Can you be a part of both at the same time? And what are their respective implications on financing for real estate?

Sorry if this is a dumb question, but do contractors that you hire for rehab have to be in the area your property is at?

Hey everyone! Has anyone thought of creative ways to generate cashflow, besides the standard rental payments coming in from tenants? (mostly referring to buy and hold on this) I know that laundry money is a well-known one. I also brought up this idea of putting in a pinball machine to the property in this other post I made, which seemed to be popular among people..

Do rentals need rehab the same way flips do? And if they do, is it usually the same degree of rehab?