Here’s what you need to know about AB 2011 and California real estate.
Recently, I’ve been making a few videos about how you can save for retirement through investing in real estate. If you plan to go this route, there are important California laws you need to know about. Today, I’m discussing AB 2011, a critical piece of legislation you need to know about if you plan on investing in our state.
You can listen to my full explanation of this law in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:50 — How this law is different from SB-6
2:26 — AB 2011 has no CEQA requirement
3:48 — For AB 2011, some of the property has to be for affordable housing
5:16 — SB-6 requirements for skilled and trained labor
5:48 — Explaining the low-income requirements
6:29 — Wrapping things up
If you find a property you are interested in, please call or email me. I’d love to discuss how these laws affect your buying decision.