All Forum Posts by: Noah Bacon

 I would check FB Marketplace, join a few local FB Housing Groups, and Craigslist to get an idea of what rates private landlords are offering. You won't have much luck using Zillow, Realtor.com, etc. because the listings are for the entire unit or property. I'd highly recommend joining local FB Housing Groups as you will be able to understand what landlords are charging and get an idea of what tenants are looking for. 

 Hey Alodie!

Follow your favorite forum categories 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!

 Hey Juan! 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 categories 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 this comprehensive 64 page deck on the state of the 2023 housing market (in your resource page as a member of BiggerPockets!) for real estate investors put together by Dave Meyer and available for 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!

What is the 1% Rule in Real Estate? 

The 1% rule is a real estate investment guideline indicating the minimum monthly rent you must charge your tenant to break even on a rental property. The rule states that your rent should be at least 1% of your property’s sale price.

The 1% rule or guideline is a helpful tool, but should not be your main metric of success when analyzing an investment property. This guideline has shifted over the years as property values and interest rates have increased, but the guideline should be a good initial indicator if a property will or will not cash flow.

If you are looking for more information about the 1% rule or alternative analysis metrics commonly used in real estate, go check out 1% Rule In Real Estate: What It Is And How It Works!

Do you still use the 1% rule when running the numbers on a property? 
Are your properties currently meeting the 1% rule? 

BiggerPockets has been inundated with "reviews" of Pace Morby and his SubTo community. Unfortunately, they are posted in the wrong forums.

We ask that users keep these discussions in one place so members can find them. If you wish to share your experience, or if you are a reader looking to learn more, please visit the Real Estate Guru Book & Course forum and join the discussion!

Here's a discussion of Pace Morby specifically.

BiggerPockets has been inundated with "reviews" of Pace Morby and his SubTo community. Unfortunately, they are posted in the wrong forums.

We ask that users keep these discussions in one place so members can find them. If you wish to share your experience, or if you are a reader looking to learn more, please visit this discussion of Pace Morby specifically.

BiggerPockets has been inundated with "reviews" of Pace Morby and his SubTo community. Unfortunately, they are posted in the wrong forums.

We ask that users keep these discussions in one place so members can find them. If you wish to share your experience, or if you are a reader looking to learn more, please visit this discussion of Pace Morby specifically.

 Hey Ethan!

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.

 Hi Jim,

I recommend checking out Lender Finder, a free and easy way to quickly find and compare investor-friendly lenders who specialize in your unique investment strategy. With Lender Finder you can:

• Find investor-friendly lenders on your terms
• Do more deals with a quick search solution
• Tap into a trusted network with ratings and reviews

 Hey Jade! 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 categories 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 this comprehensive 64 page deck on the state of the 2023 housing market (in your resource page as a member of BiggerPockets!) for real estate investors put together by Dave Meyer and available for 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!