All Forum Posts by: Prashant Prahlad

Any recommendations on where to get used appliances for a renovated unit? I found some. Used appliance stores that charge me $450 for a fridge and $350 for a glass top. That’s pretty close to new no name brands at Home Depot. 

Also, thinking of over the range microwaves. What do these typically cost used?

I’m looking at buying small residential or commercial multi family units (less than 8 units). I have a local agent I work with - I’m out of state investor. 

Recently I got in touch with a commercial agent with lots of interesting listings, many super interesting and off market. 

Now who is my agent? If I ask my agent, I’m simply bringing him into a deal where he’s added Very little value. On the other hand, I don’t know if I owe the listing agent a double agent ripe as he found me these properties. How does this etiquette work in commercial properties? It’s fairy straightforward in residential ones

Thank you. The insurance agent tells me I’m paying about 2k more than what I would pay if it were my primary residence.

I’m confused about this. Do all investors in this area pay 2-3% of their property value for flood insurance, or is just my lender that is asking for it? don’t also forget this area has high  property taxes 

It’s AE

I’m trying to get a mortgage on a rental property in St. Petersburg Florida, which is a relatively safe area (from flooding perspective). The quotes I’m getting from  2-3 providers is astronomical. For a 200k house, the annual premium is $5-$6k, which kills any cash flow. What am I missing here?