There are new laws affecting California transactions in 2024, some of which are very relevant to investors and house flippers.According to the California Association of Realtors, starting July 1, 2024 most 1-4 unit properties that are resold within 18 months (aka flips) must disclose:- repairs, renovations, room additions and structural modifications that were performed by a contractor with whom the seller entered into a contract- the name and any contact info for the contractor for any work over $500- any permits obtainedSo you still can be an HGTV star, just make sure you do it by the book. :)Have any of you flipping in the Los Angeles area been affected by these new disclosures?

If you aren't doing the work yourself, make sure you vet contractors as much as you can.Of course look at their previous work, but also consider their responsiveness, ability to meet with you, years of experience, etc.

Also, if anyone has recommendations for reliable contractors or inspectors in the region, I’d love to hear your experiences.

Two sets of eyes on projects also helps when it comes to keeping track of contractors, etc.

Found reputable contractors/handyman? 

It will not be a formal contract or agreement but something where both parties understand the objective. 

Calling all PMs, brokers, lenders, contractors, and wholesalers.

They'll have the contractors, handymen, stagers to help you succeed. 

Invest in RelationshipsBuilding strong relationships with lenders, contractors, inspectors, real estate agents, and attorneys can help close deals even in tough times: Real Estate Agents: Experienced agents know how to guide buyers and sellers through complex markets.

Working with a team of professionals, including real estate agents, contractors, and inspectors, can help you avoid these pitfalls.### Finding the Right PropertyWork with a real estate agent who specializes in REO properties to find the right deals.