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All Forum Posts by: Nicholas D'Andrea

Nicholas D'Andrea has started 17 posts and replied 55 times.

Post: Rental Posting - Not many leads

Nicholas D'AndreaPosted
  • Accountant
  • Philadelphia
  • Posts 58
  • Votes 28

Its definitely priced higher, but I tend to weed out weak applicants. My other rental people ask for a lower price and I meet in the middle. But who am I to say. 

Post: Rental Posting - Not many leads

Nicholas D'AndreaPosted
  • Accountant
  • Philadelphia
  • Posts 58
  • Votes 28

Hi BP Community,

I posted my rental 13 days ago and have not had many serious candidates. Unless hiring a listing agent, any ways to boost my leads? I posted on Zillow, Trulia, Hotpads and Apartments.com. I will be posting on FB Marketplace later today.

https://www.zillow.com/homedetails/2232-Manton-St-Philadelph...

Much appreciated. 

Nick

Post: Dedicated REI LinkedIn Profile?

Nicholas D'AndreaPosted
  • Accountant
  • Philadelphia
  • Posts 58
  • Votes 28

I do not. I personally keep it private. 

Post: Critique rental listing

Nicholas D'AndreaPosted
  • Accountant
  • Philadelphia
  • Posts 58
  • Votes 28

Thanks, Russell.

Post: Critique rental listing

Nicholas D'AndreaPosted
  • Accountant
  • Philadelphia
  • Posts 58
  • Votes 28

Hey,

Can I receive some constructive feedback for my rental posting? Former house hacker so I was always renting by the room. 

https://www.zillow.com/homedetails/4818-Smick-St-Philadelphi...

Best

Post: Is there a new norm for Real Estate?

Nicholas D'AndreaPosted
  • Accountant
  • Philadelphia
  • Posts 58
  • Votes 28

12/10 post. 100% agree with you but one caveat, people are always afraid to take action. Might have all the resources in the world but too afraid to Househack, buy the investment property, etc. 

Thoughts  Gaetano Ciambriello

Post: Refinance or HELOC my current house hack?

Nicholas D'AndreaPosted
  • Accountant
  • Philadelphia
  • Posts 58
  • Votes 28

Have you looked into a fixed home equity loan? I used this strategy to lock in 4.85% in Mar-23.

Post: Why house hacking a 2-4 Unit Property is the best first investment

Nicholas D'AndreaPosted
  • Accountant
  • Philadelphia
  • Posts 58
  • Votes 28

Opportunity Cost. You would have paid for example $1,200 rent, now paying let's say $500 of your $2,100 mortgage payment as you grow equity in the home. Indirect costs add up quickly!

@Nathan Gardner

Post: Why house hacking a 2-4 Unit Property is the best first investment

Nicholas D'AndreaPosted
  • Accountant
  • Philadelphia
  • Posts 58
  • Votes 28
Quote from @Alan Asriants:
Quote from @Nathan Gardner:

I agree it is a great way to get started, I have a question though if there is initially no cash flow on a house hack, is there any way to benefit from depreciation?


 Yes! The tax benefits are a great bonus. By living in one unit and renting out the others, you have similar tax benefits as you would for a non occupied rental property.

So you will be able to write off:
- Depreciation

- Renovation

- Mortgage interest

- Taxes and insurance

ETc


 Dang good to know about depreciation. I didn’t start writing off my depreciation until I moved out of the primary!

Post: Why house hacking a 2-4 Unit Property is the best first investment

Nicholas D'AndreaPosted
  • Accountant
  • Philadelphia
  • Posts 58
  • Votes 28

Alan,

As you know I'm the SFH 2x house-hacker! Having two SFH (one as my primary and the other now as a rental), I am using that experience to pivot into Multi Family. So happy you got me on board for FHA 2-4 unit property for my next purchase!

Thanks for the continued content.