Wholesaling Lease Options - Q&A #04 - Joe McCall - Getting Licensed
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In California it is absolutely illegal to ask tenants to do repairs, even if they have an option to buy in place. If they are paying rent to a seller/landlord, the seller/landlord cannot ask tenants to pay for any repairs, even if tenants agree to and sign an agreement or lease that says they will pay for repairs. This has a serious impact on most lease option systems working. Cover yourself in this area, WHOLESALING LOs in California is the only way to go.
californiameltdown 1 year ago
Great job Joe. You make great points.
eroinvestments 1 year ago