All Forum Posts by: Zander S.

Thanks for all the info! I'm planning to start with home-hacking a 4-unit property with a FHA loan. I'm aiming for ≤10% down - perhaps seller financed. I'm also aiming for a generous reno/mx fund (probably about 5% – really depends on the property!), plus 5% for closing costs. I'd also like to keep a 6-mo fund, like you mentioned!

I'm wanting to get into rental properties. I'm only 19, in university, and have no previous real estate experience. I've been doing a bit of research - here, books, podcasts - wherever I feel is valuable. However, I've hit a bit of a roadblock. I feel I can't start without enough capital for a down payment, closing costs, potential renovations or initial maintenance items, etc. Unfortunately, I'm not sure how much capital I need. I figure I can make a rough estimate if only I knew what property prices to expect, which brings me to my question:

Is it acceptable to reach out to a (or multiple) real estate agent(s) (or broker(s)?), providing my criteria and asking for a vague, "top-of-my-head" estimate? I've done some looking on public listings, but I feel those A) Have poor MDU listings, and B) May not reflect a genuine price.

I look forward to hearing your responses. Cheers! 😊