build adu on property or purchase another property ?

[Henry Rodriguez]

Happy Sunday! I’m seeking advice on where to invest my money next.

I currently own two properties in California, and at 21 years old, my goal is to continue purchasing properties and eventually pay them off to achieve financial freedom.

I’m considering two options:

1. Converting my garage into a studio: The conversion would cost approximately $20,000, and I could potentially earn $1,400 per month in rent.

2. Investing in a fix & flip or BRRRR strategy: I have about $75,000 in my bank account that I could use to acquire and renovate another property, which could help me build more capital.

Which option would you recommend for maximizing my investment potential? Thank you!