All Forum Posts by: Cesar Perini

congrats and that’s a great opportunity. I used some of my money, private money and CCs. After I refinanced I paid everyone off and kept some of my money in the deal. 

@Ryan Katz

It’s legal to rent per bedroom. That’s all I’m doing.

Thanks for sharing man and that’s awesome! 

I built a 400sf extension to my front house with a separate entrance that can easily be transformed into a JADU later. But because of the OO mandate for building a JADU and knowing that calling it an official JADU won't add anymore value to my structure I just kept the extension as is. I got the value I wanted for my project and still rented the extension separately as a room with a separate entrance. Hope this makes sense.

@Brendan Miller sweet!! I just called them. They are awesome. Thanks for sharing!

@Cassi Justiz

Awesome thank you! I will look into them.

Hello All. Has anyone completed a HELOC on an investment home? If so, how? At what LTV? And and with who? Thanks in advance for any help.

@Pavan Sandhu thank you! I'm actually working on some new plans for my next ADU build and the city of Fullerton has allowed me to build two full size ADUs in my backyard! Obviously you always want to consult with your local planning department but different cities have different ADU ordinances. So much opportunity out there just need to do some homework and take action. 🤙thanks for your comment

@Jeff T. Thanks for the comment Jeff! Your absolutely right. Just trying to share the general idea and value of building ADUs in these high cost neighborhoods. I’m glad you see the vision too.

@Jenna Stark your absolutely right and thank you! Just sharing proof of concept. Your question about ADU appraisals is a great one. That's a code I've been trying to crack and my approach is this…

1. always buy in a area where you can find ADU comps. Even if the comp is in a city near by, appraisers will use it. As long as the city is similar. A couple local examples… Norwalk and bellflower have great comps on ADUs, but most ppl are keeping their homes/ADUs VS selling due to the great CF.

2. Deal with a banker that has a great relationship with their appraisers. I would even ask if that appraiser is familiar with ADUs.

3. Do your our research/gather your own comps. I track every ADU sold in the last 2 years in the areas I invest (it's not many), but it helps. I sent my appraiser an email of all the ADU comps he can use and I handed him a print out of all my comps when we met. This helped a lot.

Hope this helps. If your local we should meet up if your considering investing in ADUs.

@Matt Devincenzo

Here’s what I did…

I built a ground up ADU in the back yard plus I extended my existing house 450 SF. The JADU ordinance states that you can only convert an existing part of your dwelling into a jadu, so the extension I'm building will be converted into an jadu later. I'm not sure if my city will allow me to rent it out if I'm not owner occupying.

Regardless, I’ve rented my front unit 3b2b and the large new extension as a master bed with a separate entrance and a private backyard as it is. I had plans to convert it to an jadu but I might not follow through with that if I have to owner occupy. I rather just continue renting it as a separate room. Either way my numbers are what I’m actually getting for rent. Maybe I can fine tune my expenses a little more but this strategy is working great for me.

I currently have a large master bedroom that I’m renting that I have plans to