Subdivision Build house

[Joshua Garcia]

Hey all!

Long time Land lord first time subdivision and new construct.

In Escrow on a property (standard 3/2 ~1200sq ft) with a garage. Property is 12200 sq ft. Off Market deal for a decent price but the deal makes it great. City has already approved for subdivision! Huge space in back. Lots on left and right have units in back. Im planning on building a House on the new subdivided lot with a Jr ADU and add a Jr Adu in the front. (total of four living units). Any Advice at all

on things to be careful with ?

on hidden costs?

on ways to proceed or exit strategies (flip/brr/hold) ?

on Financing new builds or even financing friends that do adu's

really looking for advice and tips on executing this long term plan. Looking to complete this venture in approximately 18- months. (permits are a time issue)

buying for 700. (ARV with simple 20k remodel is 775) - with jr ADU is 850

new cost for new build is approx 300k - jr adu is 75k