All Forum Posts by: Noah Bacon

Hey Austin! Welcome to BiggerPockets and thanks for joining!

Here are some tips for networking and making the most of your account.

1) I'd fill out your profile fully before you do anything else! As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio. Particularly be sure to include your goals for real estate investing so that folks can help you.

2) Follow your favorite forum topics and set up keyword alerts! Adding keywords related to your investment strategy or market locations can be updated in your settings. You’ll receive notifications when there is conversation in the forums you follow or if a user mentions those keywords—so keep them updated often!

3) Check out some of the local meetups that you can find in this forum! There are so many so be sure to filter by your location.

4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!) for real estate investors available to all BiggerPockets members!

5) Consider meeting with a few agents in your area even if you are just getting started! An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do.

6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

Hope this helps! Please reach out with any questions you may have!

Hey Patrick! Welcome to BiggerPockets and thanks for joining!

Here are some tips for networking and making the most of your account.

1) I'd fill out your profile fully before you do anything else! As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio. Particularly be sure to include your goals for real estate investing so that folks can help you.

2) Follow your favorite forum topics and set up keyword alerts! Adding keywords related to your investment strategy or market locations can be updated in your settings. You’ll receive notifications when there is conversation in the forums you follow or if a user mentions those keywords—so keep them updated often!

3) Check out some of the local meetups that you can find in this forum! There are so many so be sure to filter by your location.

4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!) for real estate investors available to all BiggerPockets members!

5) Consider meeting with a few agents in your area even if you are just getting started! An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do.

6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

Hope this helps! Please reach out with any questions you may have!

Hey Jacob!

Before you jump 2 feet into the Real Estate Investing world, I challenge you to find a balance of continuing your drive toward real estate while improving your position at your current role. Like you, I was frustrated with my first job out of college, wanted to get running out the gates as a full time investor, but found out quickly that dropping my W-2 at such a young age would be very detrimental to my finances. 

If you are not happy in your current role and/or company, there is no shame in pivoting your career into something that attracts you and positions you for long term growth. But, quitting your W-2 to become a full time investor without having any real estate assets will make it exponentially harder to get started. Lenders will be looking for stable income over an extended period of time, and you can actually use your 4 years of college in addition to your current job as qualification to your first mortgage. 

Before you consider transitioning out of your role to become a real estate investor, get your first property under your belt and you will know almost immediately if the demand and drive it takes consistently is the right place for you to put your focus more regularly. I see too often that aspiring investors think real estate will be a much more passive source of income than your job, but I can almost guarantee you that you will extremely active especially when starting out. 

I love where your head is at with becoming more active in this space, but do not let that activity drop your output at your current role. Figure out how you can grow into a role that satisfies you, continue your drive into making a name for yourself in the real estate space, and you will absolutely benefit from the fruits of your labor if you take consistent action over the long term.  

Many of us get frustrated self managing and seek a property manager for various reasons.

For me, it was a combination of problem tenants for one of my properties, then a few months later I moved across the country and came to the conclusion that hiring a full time PM would be my best course of action to maximize efficiency on my properties. What was your main reason?  

Let us know in the poll below!

 Whoops! You can find it at this link. You will find it under the heading "Market Data"

 Yes. Your all inclusive ticket includes your conference ticket, luxurious accommodation and all-inclusive dining options that let you choose from 17 gourmet restaurants and 11 bars, plus 24-hour room service!

Hey Marco! Welcome to BiggerPockets and thanks for joining!

Here are some tips for networking and making the most of your account.

1) I'd fill out your profile fully before you do anything else! As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio. Particularly be sure to include your goals for real estate investing so that folks can help you.

2) Follow your favorite forum topics and set up keyword alerts! Adding keywords related to your investment strategy or market locations can be updated in your settings. You’ll receive notifications when there is conversation in the forums you follow or if a user mentions those keywords—so keep them updated often!

3) Check out some of the local meetups that you can find in this forum! There are so many so be sure to filter by your location.

4) Review Dave Meyer’s The State of Real Estate Investing Report 2024 (in your resource page as a member of BiggerPockets!) for real estate investors available to all BiggerPockets members!

5) Consider meeting with a few agents in your area even if you are just getting started! An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do.

6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

Hope this helps! Please reach out with any questions you may have!

Hi Ashley,

Our Editorial Director @Account Closed and I actually wrote articles very recently about our reasons for selling or keeping our primary residences as rentals that you should check out!

Brian decided to sell his property and take the proceeds into his next primary, and I decided to rent my property out at a loss monthly.

My loss monthly is very similar to your $200 / month and you may find a few reasons you weren't thinking about that would help impact your tough decision on renting or selling!

 Hi Kathy!

You can find the worksheet on the Resource Hub found here! It is located under the header "Analyzing Deals"

Thank you for the post, @Edward Condon!

I do have to agree with @Chris Seveney that this forum topic is one of the lower trafficked forums, which may make the split not as effective, and instead of breaking them up into their own individual topics it may be more appropriate to dissolve the topic entirely and keep the discussions for Tax Liens and Mortgage Notes under the Real Estate Private Lending Forum.

I will leave the topics alone for now, monitor the activity over the next few weeks to see if there is an increased demand in these topics, and keep you informed if there is an update to the topic(s)!