@Jared G. does your agent have experience working with investors? I know you mentioned she was a referral from a work colleague, but how did she help him? Her mysterious replies might be coming from a lack of experience working with investment properties.
Also, have you given her a clear cut understanding of what your goals and objectives are? are you looking for flips? rentals? condo conversions? etc etc.. it might be tough for her to "lead you to water" if you arent exactly sure of what you want to accomplish.
hope that helps.
@Jared G. ... weird... Set the expectation with her. I am sure once she has alittle but more direction from you, she will get it together and give you more solid help. I think someone may have already said this. I think its time to set up a meeting and let her know how you are feeling about this process. Get over that hurdle and I am sure you will be smooth sailing from there. If not then, its time to find a new realtor who will get you the answers you are searching for.
So, a couple things here.
The comment "you're getting closer" would send me straight into another agent's arms. It is more likely that (like others have said) she isn't willing to hammer down specifics with you because that really isn't the agent's job. She finds the properties, you run the numbers, you buy the property. I don't think she wants to risk giving advice based on hypothetical because one bad tenet completely destroys any number crunching you did before the sale.
What I ask my agent when looking at potential properties that may cash flow are more like, "can you reach out to this listing agent and get rent rolls and operating expenses for the last year? I see "deferred maintenance" is listed in the ad, can you ask the listing agent exactly what that is?" What I *don't* ask her is how much she thinks the maintenance would cost, or anticipated operating expenses over the next year.
Beyond that, paralysis by analysis is a very real thing. We bought a SFH rental that should be a little over $400/monthly in CF... if the inherited tenets pay rent. Numbers can't always account for human error. They can help you anticipate these so you have reserves (which we do) but on paper this property was a home run. In reality, it isn't. Sometimes you take a leap of faith that works and sometimes it works on a different level.
I hope you find exactly what you're looking for!
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