Browsing reddits realestateinvesting sub makes you appreciate BiggerPockets

Browsing reddits realestateinvesting sub makes you appreciate BiggerPockets

Real Estate Agent · Chicago, IL · Member since 2017 · 2k+ posts · 2k+ votes

I have made several great connections on BP from contractors to many millions in closed deals from house hacker clients. I even met my business partner on here who started as one of my realtor clients and we are now on our 2nd project together. BP doesn't hide real names of users which adds validity to whats posted on here and I think this site does a good job of keeping guru spam out. But then comes Reddit haha I have never seen a group of bigger losers in my life. Most of their deal numbers posted make no sense and it seems many are completely lying under hidden usernames. I posted a few deal diaries on Reddit and got 3 client leads all were complete junk, one I swear I heard his mom yelling at him in the background during our call, another was talking about building a huge portfolio of rental properties when had $0 in savings. I was trying to be nice and just explain that you can't actually manage real estate if you have no money and no experience. Even if manage to find a crazy deal with instant equity to cover your down payment (unlikely) still need reserves to safely repair and manage it. 

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Scott TrenchPro Member
Rental Property Investor · Denver, CO · Member since 2014 · 2k+ posts · 6k+ votes
2y

I think there is real value in the real estate subreddit. I go there from time to time. But, I agree that there is not enough chasing away or direct questioning of people who post questionable stuff, and I think it is easier to be just plain old mean from behind the safety of anonymity. 

Sometimes I wonder if a couple of the folks that @Mindy Jensen and @Noah Bacon have banhammered from BiggerPockets have migrated there. 

Either way - we welcome folks from that subreddit, and encourage folks on here to check it out as yet another source of valuable information. 

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  • Scott TrenchPro Member
    Rental Property Investor · Denver, CO · Member since 2014 · 2k+ posts · 6k+ votes
    2y

    I think there is real value in the real estate subreddit. I go there from time to time. But, I agree that there is not enough chasing away or direct questioning of people who post questionable stuff, and I think it is easier to be just plain old mean from behind the safety of anonymity. 

    Sometimes I wonder if a couple of the folks that @Mindy Jensen and @Noah Bacon have banhammered from BiggerPockets have migrated there. 

    Either way - we welcome folks from that subreddit, and encourage folks on here to check it out as yet another source of valuable information. 

  • Noah BaconPro Member
    Property Manager · Lansdale, PA · Member since 2021 · 844 posts · 1k+ votes
    2y

    I review the subreddit inconsistently as well, but find myself frustrated with the lack of identity due to anonymous accounts. 

    We even tightened our standards in the BiggerPockets Facebook groups last year due to increase of post/deals/stories that make you scratch your head and think "Is this story fabricated?" We love to maintain an open dialogue on the BP forums and will continue to allow our community to hold every single member accountable for their remarks, especially those whose validity is in question.

    We will always welcome our users with open arms, allow you to consume the content you seek on our site, but we ask you give truthful information around your real estate endeavors and accounts!

  • Real Estate Agent · Washington DC · Member since 2016 · 847 posts · 656 votes
    2y
    Quote from @Henry Lazerow:

    I have made several great connections on BP from contractors to many millions in closed deals from house hacker clients. I even met my business partner on here who started as one of my realtor clients and we are now on our 2nd project together. BP doesn't hide real names of users which adds validity to whats posted on here and I think this site does a good job of keeping guru spam out. But then comes Reddit haha I have never seen a group of bigger losers in my life. Most of their deal numbers posted make no sense and it seems many are completely lying under hidden usernames. I posted a few deal diaries on Reddit and got 3 client leads all were complete junk, one I swear I heard his mom yelling at him in the background during our call, another was talking about building a huge portfolio of rental properties when had $0 in savings. I was trying to be nice and just explain that you can't actually manage real estate if you have no money and no experience. Even if manage to find a crazy deal with instant equity to cover your down payment (unlikely) still need reserves to safely repair and manage it. 

    I have basically a litany of complaints about the way biggerpockets has evolved in recent years and yet it is still by far the single best place to discuss real estate on the internet.
  • Mindy JensenPro Member
    BiggerPockets Money Podcast Host · Longmont, CO · Member since 2014 · 7k+ posts · 10k+ votes
    2y
    Quote from @Jack Seiden:
    Quote from @Henry Lazerow:

    I have made several great connections on BP from contractors to many millions in closed deals from house hacker clients. I even met my business partner on here who started as one of my realtor clients and we are now on our 2nd project together. BP doesn't hide real names of users which adds validity to whats posted on here and I think this site does a good job of keeping guru spam out. But then comes Reddit haha I have never seen a group of bigger losers in my life. Most of their deal numbers posted make no sense and it seems many are completely lying under hidden usernames. I posted a few deal diaries on Reddit and got 3 client leads all were complete junk, one I swear I heard his mom yelling at him in the background during our call, another was talking about building a huge portfolio of rental properties when had $0 in savings. I was trying to be nice and just explain that you can't actually manage real estate if you have no money and no experience. Even if manage to find a crazy deal with instant equity to cover your down payment (unlikely) still need reserves to safely repair and manage it. 

    I have basically a litany of complaints about the way biggerpockets has evolved in recent years and yet it is still by far the single best place to discuss real estate on the internet.

     Hey Jack. I'd love to hear more about this.

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