Should I Build My Own ADU?
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- Опубліковано 30 вер 2024
- Talking about ADU rentals and real estate investment with @ThatADUGuy - I'm weighing two very different options I have to build an ADU as a real estate investment. Derek Sherrell pops onto the channel to help me think about this decision and apply his decades of experience in this space.
If you want more information about the investment opportunity and you're an accredited investor then you can email ryan@how-to-adu.com
What do you think I should do?!
Should I Build My Own ADU?
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My 2 favorite ADU Channels collaborating, LOVE IT!
Hi guys, just sharing my experience here: I've got more time than money and I love the physical building part so I'm building an ADU myself in my back yard. I have 7 years of building experience with a contractor and I'm still learning a ton about the building process. I got up to the point of forming the foundation while working 36 hours/wk for the contractor but I've been full-time on the ADU since May. I hope to finish this ADU by December and I'm looking at zillow weekly to see what types of houses are available and at what price. Not sure how I'll fund that next project. I'm looking at comparable rents to see what I might get for the ADU. Hoping for ~3k/mo at mid-term for 2b/2ba 900 sf. Cost of the ADU looks like it is going to be about $150/SF (not including my labor to build, design, manage everything but pool demo, concrete finishing, and main panel upgrade).
Really helpful information thanks to both of you 👍👍👍
Great video
can i add address to jadu after completion and receipt pf certificate of occupancy?
Different cities handle the addressing very differently! Best to ask both the planning department and the local postal office if they can help you with the process (and ask long ahead of completion).
I get a kick out of watching him push his glasses up. .
Haha. Thanks Katie ;)
Do not passively be an investor in real estate 😅 you will get played with and it's a terrible feeling when you don't have control of your asset
You laugh too much, it doesn’t add value to listeners. Stick to Policy.
Ah yeah. Just a bunch of good-for-nothing joy ;) thanks for the feedback about subject matter! It is helpful
Lmao he does laugh alot 😅