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?

You don't want to get stuck with negative cash-flow because you can't find another care facility tenant to rent it.Also, probably want to check with your insurance provider and see if all those tenants who are likely to fall and break a hip are going to be an issue for them, and look into the legality of what happens in the care facility owner dies and you're stuck with 5-8 tenants in the home with no one to care for them and no living descendants.

Would that be an example of a "guru" taking advantage of people?

If they delay or are hesitant to give up some of this info, it could be an indicator that the property isn't as good as they say.

If your cashflow allows it that might be an option with a HELOC, although that's not really recommended for long term .

My audience size is so small here, that in order to get a big enough group of people to advertise to, I had to choose the WHOLE state of Indiana instead of just my local area.You may live in a huge city and it may not be an issue for you depending on what area you are wholesaling in, but if that happens to you, expand your area or choose the whole state.

BE CAREFUL LENDERS & BROKERS Everyone wants to be an EMD lender or Transactional Lender…but here is a quick way to lose hundreds or MILLIONS in 1 wire!!

It's not uncommon for Class A rentals to negative cashflow for the first 3-5 years, until rents increase at a higher rate than taxes & insurance increase.While this can be an unpleasant situation, Class A properties tend to appreciate the most and attract the best/easiest tenants.

If they are below market rent, that is OK as long as there is room for improvement and tenants won't be an issue.

Splitting utilities may be an issue in this situation.