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All Forum Posts by: Joshua Chen

Joshua Chen has started 44 posts and replied 175 times.

Post: Best book(s) for creative financing strategies

Joshua ChenPosted
  • Investor
  • Riverside, CA
  • Posts 185
  • Votes 26

Brandon Turner's book on investing with no and low money down is pretty nice

Post: Cheap Form of Marketing

Joshua ChenPosted
  • Investor
  • Riverside, CA
  • Posts 185
  • Votes 26

Meeting people while walking the dog is an interesting marketing tactic

Post: Analysis Paralysis

Joshua ChenPosted
  • Investor
  • Riverside, CA
  • Posts 185
  • Votes 26

To evaluate whether a property is a good deal, you can use some general rules of thumb. The three main general rules of thumb emphasized here at BiggerPockets are the 2% rule, 50% rule, and 70% rule. You can search them up for more details on what they mean. Of course, due diligence and in-depth research will still have to be done - the general rules of thumb are only meant to save time in sorting through the countless numbers of deals you look at. If a deal satisfies general rules of thumb, it means you may have a good potential worth looking more closely at.

Post: Which Marketing Material is King?

Joshua ChenPosted
  • Investor
  • Riverside, CA
  • Posts 185
  • Votes 26

If you choose to use the direct mail route, yellow letters generally have a higher response rate than traditional postcards due to the personal natures of them.

Post: My First Post

Joshua ChenPosted
  • Investor
  • Riverside, CA
  • Posts 185
  • Votes 26

Welcome to BiggerPockets, Stephan! I would recommend doing research on the market you'd want to do your deal in. That way you will have the appropriate contextual information to work with, for example, being able to verify whether that multi-unit property is truly not likely to appreciate in value over time.

Post: Funding first flipper

Joshua ChenPosted
  • Investor
  • Riverside, CA
  • Posts 185
  • Votes 26

Welcome to BiggerPockets, Robert! hm.. what do you mean by "flipper" ?

Post: Outstanding Colleague Requests

Joshua ChenPosted
  • Investor
  • Riverside, CA
  • Posts 185
  • Votes 26

This might be kind of a dumb question, but I think I accidentally sent out too many outstanding colleague requests.. does anyone know how to withdraw sent-out requests that are still pending?

Post: Business Credit

Joshua ChenPosted
  • Investor
  • Riverside, CA
  • Posts 185
  • Votes 26

What is the difference between business credit and your personal credit?

Post: Real Estate as a Business

Joshua ChenPosted
  • Investor
  • Riverside, CA
  • Posts 185
  • Votes 26

What is the difference between doing real estate as a business and just individually investing in real estate?

Post: Creating an investment plan

Joshua ChenPosted
  • Investor
  • Riverside, CA
  • Posts 185
  • Votes 26

Hey all! How did you guys go about creating your investment plans? Anybody have interesting stories with that?