All Forum Posts by: Brody Garcia

Depends on financing you can get on the ADU. If you have to cash out 80k out of pocket why not buy 2 properties in Florida with the same cash but if you could finance the ADU (I am not familiar with ADU financing check out ADUGUY), build the ADU and buy a rental property. Think both:)

ADU: cash out of pocket -$80k, home equity +$400k, +$2200 cashflow

Florida :  -$80k out of pocket, 2 properties,+$3200 cashflow (not including expenses)

Building new construction: This is a bigger under taking and a lot more work but could be worth it

Hopefully this helps, good luck!

It depends on what you want, Currently for myself I am focusing on cashflow. So, I am buying long term rentals in a market where the cashflow is higher but the appreciation is not as strong as other markets. If you got the long term rental thing down, you could just put your cash into that, if you want a vacation home that could bring in cashflow try the STR.