Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hemlane-a9392011949df124ea8ee63be2fb270c9423d6cd446ec67af23c96616e618606.png)
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
![Ian Jimeno's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1138238/1621509462-avatar-ianj26.jpg?twic=v1/output=image/crop=666x666@116x358/cover=128x128&v=2)
Duplex to Quadplex? Construction Loan Questions
Hey y'all,
I currently own a duplex in Normal Heights, San Diego area. I just did a feasibility study on the property and can build a total of 3 ADUs along with the single family home on it.
I'm confused on how the financing and construction loan would work. Right now with the feasibility study We're anticipating about $4,000 for the SFH and $2,200/mo/unit on the ADUs, totaling about $10,600/mo in rent revenue so the initial rents look great.
However, I don't know how the loan will play out. Currently my mortgage is $4,600/mo and the total rent is $5,600/mo
I just need to know how it all works and if it's even worth my time. I know it'll significantly increase the value of the property by making 4 total units on the lot, but refinancing out of my 3.75% interest rate seems like a huge bummer.
Thanks in advance!
-
Real Estate Agent
- http://ianjimenodenveragent.com