CA prop 10 opinions
Hi BP folks,
I live in Los Angeles and have been putting offers in for fourplexes but prop 10 has me wondering if I SHOULD by as big as I planned. For those who don’t know, prop 10 would limit landlords ability to raise under market rents and basically cut landlords at their knees. So my questions are:
1. For existing socal landlords, what is your opinion on this bill and what are you doing to mitigate risk IF it passes?
2. Should I stay small, buy a duplex and move my money OOS or continue and hopefully close before/if it passes?
Any and all thoughts are welcomed.
Thanks
JT
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Lender CA (#02115256) and NMLS (#1993906)
- Investor Property Loan