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Updated about 4 years ago,
ADU. Pros and Cons.
I am completely new to real estate investing. I currently own my single family residence which is a 2 and 1 with a detached garage which is approx. 400 sq ft. My intial intentions were to look for a multi family to start my portfolio. One day I came up with the idea, why not just convert my garage and make my currently property a duplex to avoid having to come up with a down for another property and seems to be more room for cash flow. "house hacking". It seems like everyone should be doing this. This is why I have speculations there maybe some drawbacks to this. If anyone has any information or experiences they would like to share it would be greatly appeciated. Thanks.