8 ADUs to SFR!!

[Brian Koons]

Investment Info:

Single-family residence other investment.

Purchase price: $709,000
Cash invested: $100,000

This is a single family home I purchased using an owner occupied loan. I am currently going through permitting to build 8 ADUs on the property. All in price will be around 1.9M and total value will be between 2.5-3M

What made you interested in investing in this type of deal?

ADU development potential

How did you find this deal and how did you negotiate it?

Listed, but the agent and I have a mutual friend that facilitated the deal

How did you finance this deal?

5% conventional, and cash for all expenses through permitting

How did you add value to the deal?

Adding 8 ADUs

What was the outcome?

Currently going through permitting