How Are Fix and Flip Investors in CALIFORNIA Responding to AB-968?

[Sipan Y.]

I hope everyone is doing well. As many of you may know, Assembly Bill 968 (AB-968) has recently been passed, which mandates a comprehensive disclosure of repairs and renovations from sellers who flip one-to-four-unit properties within 18 months of buying them.

For those who are not familiar with the details, AB-968 requires sellers to disclose all repairs and renovations performed on the property during their ownership period. This new regulation aims to increase transparency in the real estate market and protect buyers from potential issues with recently renovated properties.

As a fix and flip investor in California, I'm curious to know how this new legislation is affecting your strategies and operations. Specifically:

• How are you planning to adjust your renovation and selling processes to comply with these new disclosure requirements?
• What challenges do you anticipate facing due to this new law?
• Are there any specific steps you are taking to ensure all renovations and repairs are properly documented?
• How do you think AB-968 will impact the overall fix and flip market in California?

I believe sharing our experiences and strategies can help us all navigate this new regulatory landscape more effectively. Looking forward to hearing your thoughts and insights!

https://www.biggerpockets.com/blog/california-law-changes-di...