Single family + Shipping container ADU (under construction)

[Stewart Hulick]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000
Cash invested: $350,000

Single family, currently adding an ADU

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

Investment property. Cheap $ and a great lot for an ADU

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

I’m a Realtor and am always looking at houses. This one was a hoarder situation and I grabbed it right after a price reduction.

How did you finance this deal?

Cash out refinance of our primary residence

How did you add value to the deal?

Building an ADU

What was the outcome?

In progress

Lessons learned? Challenges?

Bad first tenant. Be careful what friends you rent to.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yeah, ME!