All Forum Posts by: Noah Bacon

Hi Israel! 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) Go to the Search bar, and look for some local members in your area! Reach out to a few of the folks, perhaps those with hundreds or thousands of posts in this forum, and connect. You can do that here.

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!

Hi Jordan! 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) Go to the Search bar, and look for some local members in your area! Reach out to a few of the folks, perhaps those with hundreds or thousands of posts in this forum, and connect. You can do that here.

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!

Hey Andrew!

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.

Hey Marissa!

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 Benjamin! 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) Go to the Search bar, and look for some local members in your area! Reach out to a few of the folks, perhaps those with hundreds or thousands of posts in this forum, and connect. You can do that here.

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!

Pace Morby, author of Wealth Without Cash, will be taking over one of BiggerPockets social media accounts to answer all of your creative finance questions, and discuss subject to and seller finance strategies!

Where do you want to see Pace do a Q&A next week?

⬇ Creative Finance Questions? Reply below ⬇

 Great question!

I house hack in Colorado Springs and have done a condo and a townhome in the last 2 years. 

In my experience, the biggest red flags will all be answered in the HOA rules, regulations, bylaws, and covenants. My biggest concerns when I was looking were parking and my exit strategy. 

1. Parking: Make sure that your tenants have assigned parking spots, or you will be making the sacrifice of parking off site. Most condos/townhomes will assign you one or two parking spots, so make sure you are following these rules, as the HOA can impose many headaches for you parking additional vehicles.

2. Exit Strategy: Since you are likely renting by room while you are living in the property, make sure you have an exit strategy revolved around renting the property out entirely or selling. Most HOAs will have specific verbiage on short term or "vacation like rentals" where they will require your to rent out your entire property for a minimum duration.

Long story short, make sure to look over the HOA docs closely before you close, as you may have many of your concerns addressed in these documents. Condos and Townhomes are going to be more strict with rules and regulations than a SFH, but if you are willing to educate yourself and adhere to the rules set in place, you can have an easier entry based on price while running a successful long term rental!

Hi Christian!

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.

Welcome to BiggerPockets Question of the Week!

Conor Dougherty, a reporter at The New York Times who covers housing and real estate, would like to hear from members of the BiggerPockets community!

So many of our users have been able to make a living or significantly supplement their income by becoming real estate entrepreneurs, and now interest rates have made that harder and even put some in a squeeze.

We are looking for members to reply with how their Real Estate Investing Strategy has changed due to rising interest rates.

How have raising interest rates changed your investment strategy?

-Are you buying less rentals?

-Are you buying more rentals?

-What new creative strategies are you using to acquire properties?

- Did you keep your investment strategy the same?

Reply to this post with your recent REI strategy changes, if any, and you'll have a chance to be featured on New York Times!

I can't wait to see everyone there!