New Construction BRRRR

[Steven Silbert]

I was wondering if anyone here has managed to do a new construction BRRRR in the more expensive states. I'm moving home to California (San Luis Obispo) and want to see if it can be done. Either a SFH with an ADU or a small multifamily.

[Emmanuel Ola]

Quote from @Steven Silbert:

I was wondering if anyone here has managed to do a new construction BRRRR in the more expensive states. I'm moving home to California (San Luis Obispo) and want to see if it can be done. Either a SFH with an ADU or a small multifamily.

This is something I'm actually thinking of right now. Mine will be in Bakersfield though. 

[John Mason]

ADU seems not to add much value search the forums for experiences

[John Mason]

https://www.biggerpockets.com/forums/48/topics/1175776-to-ad...

[John Mason]

https://www.biggerpockets.com/forums/61/topics/1186999-add-v...

[Steven Silbert]

Quote from @John Mason:

ADU seems not to add much value search the forums for experiences

 Interesting, I've heard differently for SLO county. At least in terms of rent, college students are paying 1100 - 1600 to rent by the room. Other than that though, my main question is if the land isn't to expensive, will building come out to be cheaper than buying preexisting. It's a smaller market, than the other bigger cities, so I've had trouble getting any examples.

[Steven Silbert]

Quote from @Emmanuel Ola:

Quote from @Steven Silbert:

I was wondering if anyone here has managed to do a new construction BRRRR in the more expensive states. I'm moving home to California (San Luis Obispo) and want to see if it can be done. Either a SFH with an ADU or a small multifamily.

This is something I'm actually thinking of right now. Mine will be in Bakersfield though. 

 Keep me posted if you go through with it! Bakersfield isn't to far away.