New investor looking for long distance Real estate agent

[Hatem Mahgoub]

I am a new investor based in NJ trying to buy my first house in Detroit Michigan, I am trying to use BRRRR model purchasing fixed upper houses, rehabbing them, then renting them.

 I am currently in the process of hiring a real estate agent in this area. Since i am new investor looking for my first property, away from my base. I am trying to share my expectations from the realtor with you guys. Please tell me if this is too much to ask since the realtor will not be paid by me anyways but by the seller.

I am expecting the realtor not just send me listings but presenting the property to me. His presentation should include:

- Estimated ARV based on a comparative market analysis (should be attached)

- Estimated property rent

- Property tax, Insurance

- Estimated Vacancy rate

- Identify Neighborhood class

- Neighborhood, county, and city price to rent ratio

- Tell me the crime rate, the population growth, unemployment rate and walking score of the neighborhood.

I want the realtor to do my homework, then i do the math and accordingly decide. This will enable me to analyze several properties in short interval of time,

Is this too much to ask? would this let the realtor look for some body else?

should i trust all the data he presents or still confirm it by further researching?

Thank you

[Drew Sygit]

Wow! Appears you are pretty new at all this.

"I want the realtor to do my homework"
- How much are you going to pay them upfront to do this?
Otherwise, why would they do all this work for free? To MAYBE get a commission when you MAYBE actually buy something?

"should i trust all the data he presents or still confirm it by further researching?"
- A fool & his money are soon parted. So, you probably want to verify EVERYTHING!

We can intro you to agents that specialize in working with investors, but only if you make your expectations more realistic:)