All Forum Posts by: Noah Bacon

@Jay Hinrichs the Q and A followed immediately after the webinar last night! 

Hi @Yann Feunang!

The Q&A is Exclusive for Pro Members. If you would like to ask Scott a question now, please check out our Pro Membership here to join!

Hey Nelson!

That is a fantastic book, and like you, I read Brandon's books when getting started on my real estate investing journey. 

I would highly recommend checking out What Painless Rental Property Management Looks Like to help your journey get started as a self managing landlord. RentRedi is standard with a BiggerPockets Pro Membership if you are looking to upgrade to Pro after watching! 

Hey Megan!

Have you been practicing your deal analysis with the Rental Property Calculator? As a Pro Annual Member, you get unlimited calculator reports to become a master at analyzing deals!

On each field on the Rental Property Calculator, there are help fields with our suggestions if you are stuck. For your question on Vacancy Rates:

Vacancy rate is the cost of the property sitting empty due to tenant turnover. This number can vary depending on the area, so consult with a local property manager or landlord as to the local norms. Typical vacancy rates are between 3%-10% of the gross monthly rent, but again, that can depend on the area.

If you are looking to connect with Wholesalers and want more information on that specific stategy, I would check out the Wholesaling Forum Topic!

WOW! What a story and turn of events, talk about the power of networking on full display right here!

Hi Angelo! Welcome to BiggerPockets and thanks for joining!

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. 

I would check out Dave Meyer's 2024 Housing Market Predictions to help you decide on the market you are going to invest in. Let me know what market you think is right for you after listening!

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Hi Will!

The lease agreement benefit is only available to Pro annual members. Free members and Pro monthly members can purchase lease agreement packages for $99 per state.

To set up access to RentRedi, please select ‘manage my properties’ on the Pro benefits page (https://www.biggerpockets.com/pro/welcome)

Please contact [email protected] for further support on activating the account. 

Hey Bailey!

I would check out Dave Meyer's 2024 Housing Market Predictions to better inform your decision. Let me know what market you think is right for you after listening!

If you are looking to cashflow while house hacking, you are going to be looking for much lower price points that will certainly come with many projects to update the property. 

You can certainly go wrong house hacking, but the strategy should be one of most low risk tactics for newer investors as you are the landlord in the property you are also residing in. To me, it makes more sense to buy and be negative on the cashflow while you are house hacking. I would comp your property as if you are not living in it to get a better idea if you're going to have a good deal when you move out. Rental rates typically do rise YOY, but if you are using future rent projections it is a good idea to get a historical data of rent growth in the area you are investing in.