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All Forum Posts by: Noah Bacon

Noah Bacon has started 127 posts and replied 686 times.

Post: New investor seeking advice sell or rent

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

Hi Kareen,

Our Editorial Director @Account Closed and I actually just wrote articles 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 isn't near $2k / month, but you may find a few reasons you weren't thinking about that would help impact your tough decision on renting or selling! 

Post: First time REI and feeling my way to taking action

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

Thank you Noah, that's a great start and have already begun some level of all the seps you mentioned.
Your profile looks great! Let me know if you have any questions or need any additional help getting set up👍

Post: First time REI and feeling my way to taking action

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

Hey Geremy! 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: Hello BiggerPockets! New PRO here

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

Hey Ben! 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: Making connections to make a Team/ Community

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

Hey Solomon! 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: Join BiggerPockets x BadAss Real Estate Investors in Denver!

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

BiggerPockets and BadAss Real Estate Investors are teaming up for the 6th annual meetup extravaganza! This is the perfect opportunity to network and connect with others in your area.

Date: August 5

Time: 6:00 PM to 8:30 PM MDT

Venue: Ironton Distillery - 3636 Chestnut Pl, Denver

Get Your Tickets Now

What's in Store?

🗣️ Mingle with like-minded investors and make valuable connections that could lead to your next big deal.

🔥 Discuss hot topics and strategies to make the most of today's market conditions.

🍻 Your ticket includes admission to the event + (1) drink ticket to keep the good vibes flowing.

No specific real estate investing strategy or experience level is required – this event is open to all.

Get Your Ticket Now and get ready to network, strategize, and have a blast with BiggerPockets and BadAss Real Estate Investors. See you there!

Post: 🎉 BPCON Registration is Now Open! 🎉

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

If anyone is thinking about going (and HAS NOT bought a ticket) and wants to share a room let me know.  Originally booked for 2 people (with 2 beds) but looks like my second won't be able to attend (check in Oct 4 & check out Oct 9).  We would split the price and I could change the 2nd attendee to whomever.  Let me know your thoughts.  Thanks


 Thanks for sharing, Zachary!

We do have another discussion here for users looking for roommates, if you'd like to copy any information there as well!

Post: Here’s Why Brian Made a Big Mistake and Why I’m Never Selling

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

Looks Like both of you have two different Risk reward models and also different scaling models.

Leverage is king.  He should be able to take his forget $80,000 profit today and beat your $1mm gain 30 years from now. He should be able to 10x your gain.  But he will have taken more risk.  Maybe.  

Whatever fits your model and you can sleep with is the correct answer.  


 Thanks for reading, Henry!

Trying to hypothesize a future HELOC or Refinance became too far fetched with guessing on property value, future APR, taxes, etc. I only discuss sitting on the property for the next 30 years. Is this my intention? Probably not, but I wanted to create a linear path to compare selling vs. renting.

I would certainly take the $80k to reinvest comparing to sitting on the equity over 30 years, but for the sake of my head not exploding with inflated numbers in the future, I wanted to only argue what it would look like to not touch the debt on the property as well. 

Post: BiggerProblems: Podcast Interviewing Scammers and Liars - Brian Luebben

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

Hi Alton,

Thank you for bringing this to our attention. We take these matters very seriously and deeply regret any distress or inconvenience this may have caused.

At BiggerPockets, we strive to provide valuable and trustworthy content to our community. We were unaware of the guest's involvement in any questionable activities at the time of the interview. We are committed to maintaining the highest standards of integrity and transparency, and this situation falls short of those standards.

We are currently investigating the matter and will be taking appropriate actions, including removing the episode in question.

Your feedback is crucial in helping us uphold the quality and reliability of our content. If you have any further concerns or suggestions, please do not hesitate to reach out to me directly at [email protected].

Thank you for being a valued member of the BiggerPockets community.

Post: New pro member

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

Hi Renu! 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!