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All Forum Posts by: Noah Bacon

Noah Bacon has started 127 posts and replied 686 times.

Post: First Rental Property

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

Hello, 

I am wanting to move out of my current home and rent it out. I plan on purchasing on a new home with a new mortgage. 

My question is... am I allowed to use potential future rental income from my current home so I can qualify for another mortgage? The area is nice and there are tons of rentals already so I have a very good idea of the market rent. 

Thanks!


 Hi Caleb!

If you have a lender I would ask them. If you do not have a lender consider meeting with a few lenders in your area! An investor friendly lender can do all sorts of helpful things, like answering your question above or connecting you with the right loan product for deals you want to do.

Post: Look for a mentor for Multi-Family investing in the state of Maryland

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

Hello! You should utilize our classifieds section of the forums to make a post to find and connect with local professionals who can help you in this situation! You’ll probably get the most traffic there.

Post: How have local meetups helped your investing career?

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

Welcome to BiggerPockets Question of the Week!

So many of our new users are asking where they can get started networking and meeting local investors, and I always recommend finding a local meetup!

I can personally say that going to local meetups jump started my investing career by absorbing knowledge from those already investing in real estate in my local community.

How have meetups helped your real estate investing career?

What advice would you give someone looking to go to their first meetup?

Post: Are there any Investors in the Auburn NY, Geneva NY, or Ithaca NY area on here?

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

Hi Tim! 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!

Post: New Member Intro! Philly

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

Hi 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) 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!

Post: New Member Intro, Closing first deal

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

Hey Adam! 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!

Post: Best Commercial Real Estate Books

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

Hey Ashley! BiggerPockets has a growing catalog of 40+ books to choose from, and we even have a collection for rookies in particular. Here are some of our top recommendations for those just getting started in real estate:

  • Real Estate Rookie by Ashley Kehr: The title says it all! This action guide gives you everything you need to overcome analysis paralysis and buy a property within 90 days.
  • Set For Life by Scott Trench: Written by BiggerPockets’ CEO, this personal finance best-seller instills healthy finance and investing habits to set you on track for early financial freedom.
  • How to Invest in Real Estate by Josh Dorkin and Brandon Turner: If you’re not sure which strategy is right for you, this book gives a broader overview of many strategies to help you choose your own investing adventure.
  • Rental Property Management Book Bundle by Brandon Turner: With more than 800,000 copies sold of these two best-sellers, this package deal covers everything you need to buy a rental property and manage it yourself.

Post: How to log out on a smart phone

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

Hi Simon,

I'm sorry to hear you are having these issues. Please check your inbox as we look to fix this issue!

Post: What platform do you use for the BiggerPockets Podcast?

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

BiggerPockets has a long list of podcasts, and so many different places to listen or watch! Where are you listening to David and Rob break down real estate strategies that work on the The Real Estate Podcast

Looking to Build Wealth all Week Long? BiggerPockets Youtube Channel is releasing new content EVERY DAY! Go check out some of BiggerPockets videos, podcasts, or shorts and leave a comment!

Post: Networking in Greater Salt Lake Area

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

Hey Andy!

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. 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!