Skip to content
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
House Hacking
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

7
Posts
6
Votes
Keith Mikkelson
6
Votes |
7
Posts

Am I Being a Diva? (deal sourcing with agent & loan officer)

Keith Mikkelson
Posted May 24 2023, 14:49

First time buyer here - looking to figure out if my expectations are realistic. I'm looking to house hack a single-family or duplex, occupy for 1 year per FHA loan rule, and ideally exit after year 1 with a cash-flowing property.

In my mind, before I consider anything else, I want to know what the total monthly payment would be all-in, and the expected rents to be received from the unit(s). My loan officer tells me payment calcs should be left to him due to rate fluctuations and nuances in taxes across different locations.

Is it too much to ask my loan officer and real estate agent to provide an estimated payment and rent amounts up front? Since cashflow is the ONLY must-have on my list, it doesn't make any sense to me that we'd run around town looking at properties without having an understanding on these two fundamental numbers, but it seems my agent wants to do exactly that. Is this something I can expect my agent and loan officer to do for me? Or am I way off base here?


Loading replies...