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All Forum Posts by: Chloe Kwon

Chloe Kwon has started 1 posts and replied 4 times.

Post: Building Detached Austin ADU - SFH

Chloe KwonPosted
  • Developer
  • Austin, TX
  • Posts 4
  • Votes 7

Hi, I'm a residential builder in East Austin as well as currently going through ADU permit process for my tiny house that'll be on the backyard of my primary so I can answer some of these.

1. Other than lot sizes > 5750sqft and at least SF-3, watch out for set back (distance between your ADU and main house needs to be at least 10 feet as well as from the sides), tree requirements (if there are trees that are 19" diameter 4.5 ft from ground as well as if it's a heritage tree, you cannot take them down and even trimming can be pain as city of austin arborists might flag you and they are expensive)

2. My properties are all located within 1/4 miles from a transit stop, in which case you don't need to provide additional parking space. To see if your property would require in your neighborhood: https://www.arcgis.com/apps/we...

3. There are ADU companies that have existing relationships with mortgage companies. Good news is that compared to few years ago, ADU/tiny houses are now way easier to get financing, making it a great time to invest in ADU especially if you're going to turn it into a STR (with only type II permit as an owner occupied). If they don't know, I've used 21st century mortgage which services tiny home/ADU.

4. ADU can be either 1100 sqft or 15% of the lot size, whichever is smaller. Also both house and ADU combined cannot be over 40% FAR ratio (so if you're looking from aerial view, both structures combined cannot be over 40% of the entire lot size). Also, if your property is in a flood zone or historical site, permit can experience delay, as well as make sure to check deed restrictions and HOA regulations. Sometimes it's not so easy to find out restrictions on ADUs.

Also getting insurance quote can be trickier with ADU especially if you're going to run as a STR. For ADU permit applications, you'll need architectural plans, elevations, as well as Texas certified structural engineer's seal of approval. Hope these help.

Post: Experienced RE investor looking to network!

Chloe KwonPosted
  • Developer
  • Austin, TX
  • Posts 4
  • Votes 7

I'm a new real estate investor based in Austin and would love to connect! PM-ing you now. 

Post: Duplex in Parker Lane - is it safe?

Chloe KwonPosted
  • Developer
  • Austin, TX
  • Posts 4
  • Votes 7

Thank you so much all for your replies! It's great to know that BP Austin forum has so many helpful investors. I looked and compared the crime stats over last year against where I currently live in Hyde Park (Thanks Danny Webber and Nate Reed for the tip!) and surprisingly it was pretty comparable in terms of types and frequency of the crime. I'll be driving around in different time to see if it feels too dangerous for me but appreciate all your tips! 

Post: Duplex in Parker Lane - is it safe?

Chloe KwonPosted
  • Developer
  • Austin, TX
  • Posts 4
  • Votes 7

Hi, 

I'm new to Bigger Pockets forum but have been listening to a lot of their podcasts and read some of their books (and others!). I'm thinking of purchasing a duplex in Parker Lane (zip code 78741). I've only lived in the Hyde Park area since I moved to Austin so I don't really know much about this neighborhood. It seems mostly residential where the property is but the proximity to highways as well as types of shops/restaurants gives me little pause. I think I can rent out one of the units pretty easily (I'll be living in the other/airbnb) due to remodeling and proximity to St. Ed's and downtown but do you think it's comparatively safe neighborhood? (i.e. as a woman, can I walk around?) What's your opinion on growth rate for the neighborhood (i.e. gentrification)? I'd love any opinions and advices since this will be my first property purchase (hopefully first of many!) Thanks :)