All Forum Posts by: Michelle Park Senyard

Hi Dan,

Thanks for your thorough and detailed response! We have a few questions for you on your notes:

1. If we are converting our 3rd car port, wouldn't that add value to our home as we have increased the numbers of beds and baths? And the amount of finished square footage? We plan on looking at comps to confirm this. 

2. Re: the $50K in appraisal value do you agree or disagree that the appraisal value would be better for an attached than a detached?

In our county we would not do an STR, we would do 30 day minimums.

Again, thanks again for your critical perspective and if anyone else has additional thoughts!

In addition to our long-distance real estate investment, my husband and I want to build out an attached ADU out of our 3rd garage port. Does anyone have experience, successes, or failures they learned from, while building attached ADUs on their property, that they can share? Other questions we have for people with experience in ADU building:

• Are there banks people recommend for getting a reasonable HELOC interest rate?
• We've had a few ADU-building companies come to look at our potential ADU lot size and they've quoted us $270K-$400K which is outrageous, so our hope is that we can bring the total cost down to $100-$200K max if we do the interior design and project managing ourselves. Any tips on how to cut down costs without going the all-inclusive ADU builder route?
• How are comps for homes with ADUs? How much value have they added to your property? 
• Has it been easy to rent an ADU out in North County San Diego?
• Anything we should be aware of?

Thanks in advance!

@Nic S. Hi Nic, thanks for that heads up. I had no idea but after a quick google search I see what you're saying so thank you again for the signal!

Hello! Is this still happening this evening? 

Thanks Caleb! Can you explain more about what pockets and nuances you're referring to?

Hi there! This is my first post and my husband and I are looking to invest in our 2nd property. Our first one is in Branson, MO. One area we are interested in is Kansas City, MO since we already have an STR in Branson. Does anyone have successful STRs or LTRs in the KC Metro area? If so, what neighborhoods, types of rentals (# of br), and rental strategy have you found the most success with and why? Thanks!