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Episode 79: California’s New Real Estate Laws: 15 New Bills That Could Affect Your Business
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In this week's episode of the "Live Life by Design" podcast, our hosts discuss recent legislative changes in California that are significantly impacting real estate investors, particularly wholesalers and house flippers.
The episode focuses on a detailed breakdown of 15 new legislative measures, with a strong emphasis on how these changes could affect business practices. Notably, bills such as AB 968, which mandates wholesalers to disclose their status to potential buyers, and SB 9, which allows for duplexes to be developed in single-family zones. Our hosts also touch on issues like affordability, rent control, and the complexity of dealing with local and state-level bureaucracy. They express frustration with the corruption that can influence legislative processes, citing the influence of lobbyists and big corporations.
A key takeaway from the episode is the importance of due diligence and staying informed. Our hosts urge listeners to be proactive in understanding how new regulations will affect their businesses, emphasizing that ignorance of the law is not a valid defense. They also encourage a mindset shift from transactional thinking to creating long-term wealth, underlining that success in real estate is not just about quick profits, but sustainable growth.
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