All Forum Posts by: Kevin Tsai

@Will Barnard do you mean the 350sf garage was expanded to 750sf ADU? If so, is the process any more complicated than regular conversion?

Hi @Hannah Joy congrats! How did you find your team for the ADU conversion? What's the appraisal value once everything is done?

@Ronnie Edwards check out Meetup.com and search "real estate" within your location. They're pretty useful and you can attend more since they're online. 

@Dan H. great points I didn't even realize. I agree - the appraisal value is a big factor for considering ADUs. I thought with CA's new ADU-friendly laws that they might appraise better. I've got more thinking to do, thanks!

@Matthew Forrest that's interesting about the DSCR-based loan. I'll have to do some digging.

@Brian Larson what else would you consider "value add"? Are these like upgrading kitchen/bathroom, adding more rooms?

Hi BP! I'm looking for my first property (most likely househack) in greater LA area. My criteria is positive cash flow after I move out of the property and enough equity to finance my next deal. This has gotten me looking into ADUs. 

Below is one I'm practicing analysis on. I've got 203k loans in mind for financing. Are my numbers realistic?

Link: Calculation spreadsheet

Hey @Mike Berina I'm in the same boat as you in SGV and new to REI. There's some great advice here from previous replies. I'd be happy to connect and share info / bounce ideas!

@Martin D. whaaat you can do that in Marina Del Rey? That's a sounds like a sweet deal. 

Great post and replies. I'm in the same "boat" as you - new to RE and in LA. Saving this and looking forward to future updates👍