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All Forum Posts by: Noah Bacon

Noah Bacon has started 127 posts and replied 686 times.

Post: What was your regular day time job while you started acquiring properties?

Noah Bacon
ModeratorPosted
  • Property Manager
  • Lansdale, PA
  • Posts 826
  • Votes 1,054

I was a Sales Support Rep for a health insurance company when I closed on my first house. Needless to say insurance was not for me, and I pursued a career in real estate!

Post: New Member from South Carolina

Noah Bacon
ModeratorPosted
  • Property Manager
  • Lansdale, PA
  • Posts 826
  • Votes 1,054

H Adelaide! 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!

Post: Looking to connect with Investors in the Houston area

Noah Bacon
ModeratorPosted
  • Property Manager
  • Lansdale, PA
  • Posts 826
  • Votes 1,054

Hey Noah! Great name!

I'd heck 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.

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.

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!

Our Rehabbing & House Flipping Forum can be found here for you specifically as well!

Please let me know if you have any questions getting started!

Post: New Member - Post BPCon (Best way to get started on here)

Noah Bacon
ModeratorPosted
  • Property Manager
  • Lansdale, PA
  • Posts 826
  • Votes 1,054

Hey AJ!

What was your favorite session at BPCON this year? 

What investment strategy are you interested in learning more about? 

I would be more than happy to help point you in the right direction, and I am really excited to hear your plans for Cancun next year at BPCON 2024!!

Post: Last month rent vs security deposit. Which is better

Noah Bacon
ModeratorPosted
  • Property Manager
  • Lansdale, PA
  • Posts 826
  • Votes 1,054

No, I don't charge last month's rent upfront. I charge security deposit and first months rent at move in. I outline a lease break fee if the tenants want to move out early instead of charging last months rent upfront.

Post: Last month rent vs security deposit. Which is better

Noah Bacon
ModeratorPosted
  • Property Manager
  • Lansdale, PA
  • Posts 826
  • Votes 1,054
Quote from @John Gross:
Quote from @Noah Bacon:

Hey John! 

The security deposit is crucial and covers the cost of damages or repairs, I would not waive the deposit.

For last month rent being charged up front, I understand the concern of charging the tenants too much up front with the deposit, first months rent, and last months rent. I would clearly outline a lease break fee if the tenants want to move out early instead of charging last months rent upfront. Collecting last months rent gives you peace of mind that they will not leave early without paying, but if you have a lease break fee in your lease it would cover you. 

Dan, Thanks so much for the response I really appreciate it. If I am charging $1200 a month for a small one bedroom apartment. How much would you typically charge for the deposit?

 I would charge one months rent typically!

Post: New Member from Houston, TX

Noah Bacon
ModeratorPosted
  • Property Manager
  • Lansdale, PA
  • Posts 826
  • Votes 1,054

Hi Blandine! 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.

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

Post: Real Estate Rookie Ready To Take Action!

Noah Bacon
ModeratorPosted
  • Property Manager
  • Lansdale, PA
  • Posts 826
  • Votes 1,054

Hi Kiara! 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!

Post: Newbie! Where can I start?

Noah Bacon
ModeratorPosted
  • Property Manager
  • Lansdale, PA
  • Posts 826
  • Votes 1,054

Hey Ifey! 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!

Post: Learning Real Estate Investing

Noah Bacon
ModeratorPosted
  • Property Manager
  • Lansdale, PA
  • Posts 826
  • Votes 1,054

Hey Mayra! 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!