All Forum Posts by: Anton Kharcheuka

Hey everyone! I am relatively new in real estate and here is my situation. I have bought a 3bed/2bath house 2 years ago, and was renting out 2 rooms, while using 3rd room for living and as an office space. My total resulting expenses for that home including rent profit and bills are roughly $1200/month. Now I moved to another place and don't need that office room and home anymore and it is also a bit small for Airbnb rent. I am thinking to sell and I most likely will loose money since that home does not have much appreciation yet. I did a rough calculation that converting the garage into a 460sq/f studio ADU can potentially make the house profitable as a rental, $1800/month estimate. I am budgeting for roughly $40K renovation (I have some construction skills). I am not exactly sure if calculations are accurate and feel stuck with this decision, I would appreciate if someone could offer an advice or potential solution?