New Real Estate Investor with 2 properties and ADU experience

[David Sequeira]

Hello, my name is David Sequeira and I am new to the bigger pockets forum and in the beginning phase of my real estate journey. I currently own two properties (Gardena, CA & Moreno Valley, CA) and recently completed an attached ADU in Gardena, CA. I am also looking at building to more ADUs in East Palo Alto, CA and Moreno Valley, CA. I look forward to learning and contributing to the group. If any of you are have questions on building Jr ADUs or ADUs I am more than willing to share my lessons learned. Thanks!

[Tanner Crawley]

@Dan Guenther

The ADU laws here in Denver are quickly expanding and have become less restrictive. I have only been here for 5 years and the area in which ADU's are permitted has at least doubled. I dove deep into the strategy a couple of years ago and there were a few insurmountable obstacles.

-They are hard to finance
-They are prohibitively expensive
-It can be tricky to find an appropriate lot

I even explored using modular and prefabricated options but the 36' horizontal max makes it impossible as modular options are long and skinny so they can be transported. If you can figure out a way to make it work well the potential market is so large that you would be handsomely rewarded. ADU's are much more mature in certain markets and are able to be financed more easily and built cheaper. Hopefully, this becomes the case in Denver as it would be a great density driver and affordability solution... Someone correct me if any of this has changed as it has been a little while since I have been involved in the ADU scene.