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All Forum Posts by: Antonio Cucciniello

Antonio Cucciniello has started 16 posts and replied 512 times.

Post: Calculating Fair Market Rent

Antonio Cucciniello
Posted
  • Investor
  • Austin, TX
  • Posts 531
  • Votes 310
Originally posted by @Ross Kalmbach:

Yeah I agree with @Art Perkitny

I haven't looked into if any of those sites (Hotpads, Craiglist, Zillow) have API's you can use but if they did that would be your best option. I wouldn't mind having the same thing in Tableau for sales/taxes/insurance data as well.  Let me know if you find anything interesting. 


I have been looking and found a few potential providers, stay tuned.  I will talk about it on my YouTube channel and make a video about it releasing the free calculator.  I am curious what is this other thing with Tableau you describe?

Post: Calculating Fair Market Rent

Antonio Cucciniello
Posted
  • Investor
  • Austin, TX
  • Posts 531
  • Votes 310
Originally posted by @Art Perkitny:

@Antonio Cucciniello

I have two thoughts on how to solve this problem

You could pull rent data from the American Community Survey. This data is tabulated at the zip code level as well as geographies smaller than zip code. They aggregate the data by bedrooms (see graphic below)

They don't, however, have rent data tabulated by bathrooms and square feet. 

The second option would be to crawl rental websites such as Hotpads, Craiglist, Zillow, etc...

This will yield much better results, however is much more difficult and almost certainly against their terms of service. 

Unfortunately it seems I will have to do number 2.  I don't know if it is against their terms of service, but I do know that I will build this one way or another.  I am sick of seeing how hard it is for beginners to start.  I gotta make it easier for them.

Post: Ewing NJ TCNJ College Studen Rentals

Antonio Cucciniello
Posted
  • Investor
  • Austin, TX
  • Posts 531
  • Votes 310
Originally posted by @Danielle S.:

Hi everyone. I have a rental house in Ewing, NJ, that would be good for TCNJ students. I wonder if some pros here would be kind enough to share their experience with this. I'm very detail oriented, so I want to be sure I have everything covered before i dive in.

1) I noticed that student leases in the area end the day before new leases begin. How do you prepare the property for the new lease without intruding on the current tenants? Is it expected that you'll be inspecting and repairing the property during the last month or so?

2) I keep hearing how "messy" students are. What kind of expenses do you see? I expect carpet cleaning and painting. Is it often more than that?

3) How do you screen tenants? Do you background check all of the parents?

4) What kind of special provisions do you include in the lease for students?

5) Do you make separate leases for each student or do you put them all on one lease?

6) Do you find that many students continue to live at the rental in summer when school is not in session? Do you allow sublets?

7) Is there anything else you would add about student rentals?

Thanks in advance.

Hey Danielle! I was a student of TCNJ and now investor in Ewing - so I will give you both perspectives hopefully. 

1.  Typically even though the lease ended May 31, and started June 1, typically alot of the students would not move in during the summer, only a few would, so you can let them use the home, just let them know you need 2-3 days to fix up the home for them and they will typically cooperate.

2. Im a guy who was in a fraternity, so things got messy.  But typically it was just an overall dirty house.  A good cleaning, a paint job and minor fixes would do the trick.

3. I believe my parents had to cosign for everything, but I don't have students in my current rentals so I haven't had to face this as a landlord.

4. I do not remember

5. All on the same lease for the single families I lived in.

6. Only people that had internships or were taking classes stayed in Ewing for the summer, sometimes students would stay in the room of a friend that didn't need their room for a month or two over the summer to help a struggling student out

7. Just be prepared to lose people every single year as they aren't there for long. Feel free to reach out to me directly with any other questions! DM me 

Post: Calculating Fair Market Rent

Antonio Cucciniello
Posted
  • Investor
  • Austin, TX
  • Posts 531
  • Votes 310

I am looking to build a tool that calculates fair market rent using the sq ft, # bathrooms and # of bedrooms for a zip code. Where do I get the data from? Any reliable sources? I need to get comps of a property and how much they rent for so I can make sure to calculate it right. I don't have access to the MLS myself, and I need this to be on the fly.

Post: Looking for that first BRRRR (Greater Philadelphia market)

Antonio Cucciniello
Posted
  • Investor
  • Austin, TX
  • Posts 531
  • Votes 310

@Anthony Venezia just sent you a PM! I hope it helps

Post: Looking for that first BRRRR (Greater Philadelphia market)

Antonio Cucciniello
Posted
  • Investor
  • Austin, TX
  • Posts 531
  • Votes 310

@Anthony Venezia

Ok so I want to help by breaking down what you said. So the first thing to me, is what clarifies a good location for you? I was having this as an issue so I made a questionnaire that helped getting information about a location to determine if it’s a good one, if you want I can send you it!

Post: Best Place to Find Multi Family Properties

Antonio Cucciniello
Posted
  • Investor
  • Austin, TX
  • Posts 531
  • Votes 310
Originally posted by @Macall Smith:

Another great way to find details on properties is through the township or city records. I am Realtor, and have done this a few times when the inventory is low or my client's needs are extremely specific. Occasionally the city/township will have a full list of properties. Otherwise you can go the more tedious route of finding an area and running an advanced search based on street numbers. I wrote a few hundred letters and had about 2% response rate of people willing to let us through the property. Additionally there are another 5% who said they are not ready to sell, but now I have put the bug in their ear if they do get to that point.

Hey Macall! I was wondering how you go through the townships records? Where can they be found?

Post: How do you obtain money with no Job?

Antonio Cucciniello
Posted
  • Investor
  • Austin, TX
  • Posts 531
  • Votes 310

Hey Rebecca! I am looking into doing this myself.  One way I was able to do this is to do all the work to find deals and present them to people you know that have money.  Do you know anyone personally that has money? Another question I have is do you have any experience getting cashflow properties? Because having that experience with the numbers and proving it to other people that you have done it can help convincing people with money to give it to you.

Post: Checklist before buying a rental property?

Antonio Cucciniello
Posted
  • Investor
  • Austin, TX
  • Posts 531
  • Votes 310
Originally posted by @Hani Alomar:

Hi, I'm in search to buy my 1st cash flow multifamily or SFM. Is there a detailed inclusive checklist for things i need to examine/check before the purchase?

 Hey Hani, 

Unfortunately there isn't a one size fits all guide. But for me it starts with different areas of information. What is the farthest you have gotten when it comes to buying a rental property? I might be able to help based on where you are

Post: Looking for that first BRRRR (Greater Philadelphia market)

Antonio Cucciniello
Posted
  • Investor
  • Austin, TX
  • Posts 531
  • Votes 310
Originally posted by @Anthony Venezia:

Hello real estate professionals! I'm currently in search of my first deal and am looking to do a BRRRR. I'm trying to network as much as possible with other investors, agents, wholesalers, brokers, contractors and hard money lenders. I've been focusing a lot on education over the last few months and have recently started to practice analyzing deals.

I'm looking for deals mainly in the suburbs of Philadelphia (Montgomery county and parts of Delaware county). That being said, I am open to business in the right parts of Philly. I feel comfortable with funding a deal so my dilemma right now is finding a good deal. I'm looking to start direct marketing as well, so any advice on that front would be greatly appreciated! I recently bought an absentee, high equity list.

I'm fully open for business so as I continue to look on my own, I welcome any and all professionals who would like to do business with a newbie who has funds lined up like myself. Thanks for your time!

Hey Anthony! I was wondering if you could sum up in a sentence, what is the one thing that is hold you back from investing? Is it just finding a good deal?