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Podcast: BiggerPockets Daily
Episode: A New California Law Just Increased Regulations On Home Flippers by Jeff Vasishta
Description: Youâve probably heard of the term âlipstick on a pig.â In house-flipping parlance, it means doing basic cosmetic upgrades that camouflage the underlying issues beneath the paint and Sheetrock. California house flippers will have to put their makeup away and bring out the heavy machinery because a new lawâAssembly Bill 968 (AB-968), effective July 1âmandates a comprehensive disclosure of repairs and renovations from sellers who flip one-to-four-unit properties within 18 months of buying them. The intent is to protect buyers from undisclosed and unseen property conditions. Learn more about your ad choices. Visit megaphone.fm/adc