Just as a check have you turned on forums and installed BBPress? Or is this the only step you have done?
https://codex.buddypress.org/user/setting-up-a-new-installation/installing-group-and-sitewide-forums/ may help you with this if you’ve not followed all the steps.
Had three new users of wordpress/buddypress and each of them ran through the docs with confusion. I attempted it myself and noticed the same confusion which is the reason I posted this topic here for assistance: https://buddypress.org/support/topic/installation-wizard-failure-due-to-doc-confusion/
We were able to go through the installation of groups forum with no problem since the doc is clear on that part. Any help from your end is appreciated. Thanks for your reply @karmatosed
@intimez the documentation for installing the forums has been overhauled and the solution is there per my post in the link you gave above.
For anyone that bump into the same issue when creating a new group:
It appears that this issue is fixed in the next release so if you can wait, you can avoid the problem.
Since the current release (1.6.4) still have this problem, the only way around it is to go back into the group, click on admin and then enable the forum again.
Tested with buddypress and bbpress plugin