All Forum Posts by: Janelle K. Eagle

As a CA flipper who just had 25% and 10% state tax taken out of a $250K profit- an additional tax at this scale will only force us to switch our strategy from flipping to buying and holding. It won't keep investors like me out of the market. 

There is an extreme lack of inventory in California. If I'm forced to keep my properties as rentals for far longer than I would otherwise, that will not help wanna-be-homeowners get into the market as buyers any sooner. It will only force there to be less and less inventory, making it even less affordable to buy. 

And for homebuyers that don't have the appetite (or aptitude!) to do renovations on a property that is run down or in need of repair, there will simply be no turn-key clean options. The best they can hope for is a landlord who renovated a property 7 years ago and kept it "nice" while it was a rental. 

That's a shame. 

There are paid services such as PropStream or foreclosure data which may provide you balances or may provide access to the lender’s filing documents which may have balance info. No lender will give you information directly about a payoff - they’ll require you to get written (or sometimes verbal) permission from the authorized property owner. Title searches may help identify original loan amounts and positions of lenders on the property, but unlikely to reveal current balances or amounts past due. Hope this helps!

There’s also a featured agent search here on BP that provides you with investor friendly agents by zip code that have been vetted by BP! Probably a good place to start your search. Best of luck!

Done! Messaged you. 

Nice work! I am interested in flips in SLO. Please send me opportunities that you are considering assigning. 

So bummed I have to miss next month as I'll be traveling out of the country. Looking forward to the May meeting! 

Love this, @Danae M Wible! The architecture looks unique and such a perfect find for anyone who appreciates the Spanish roots of the Central Coast! Nice work. 

These are great numbers. I’m in Central CA myself and totally understand that the numbers in this state make it hard. Getting in with 20% is a bigger obstacle when it’s not a primary residence, so I appreciate the market data on what’s competitive out there. 

Looks so great, @Jen Narragon! 

Hi There - I'm curious what sort of rates folks are seeing (and actually getting) whey they give or acquire a DSCR loan? I've been quoted around 80% for a cash-flowing property, but curious if folks are seeing more competitive options nowadays?