All Forum Posts by: Reynard Azada

@Douglas Skipworth

Found you searching for real estate realtors and found you as an Investor.

I was looking at investing in Memphis. Specifically 38112. I found a potential property. Maybe we can chat about it if you are available. Thank you. Good night.

@Jacob Tankersley

First off how’s it going?

Second is it's been a year since you posted what you wanted to do in Memphis. I just started with looking at places to buy to probably BRRRR.

I was wondering how your year is going in your journey. Hope to hear from you.

Slow & steady wins the race Brian Larson!

You can try Housable.com or mighty buildings. Google then to see what fits your needs. 

Short answer..... wait for it..... YES!!!!

Kind of long answer here, when adding livable space your adding square footage to home. Regardless if it's connected or not to your home. Have you looked at ADU conversions or JADU's? That may be a good start if not the apartment route. Good tidings.

For what I get from California Adu's, if its not attached it would increase home equity value. As if you do sell the property you have to sell all together. I see home values go up $100k. For the total square footage I don't know. But you can get a free evaluation if you wanted from Adu builders or floor plan makers. 

I want to get your guys opinion on how to start this?

Just closed on a primary home today & now am wondering the best way of handling the home I'm in.

Would refinancing be worth it if my interest rate right now on a conventional is 4.75%?

Would I be able to still get a heloc on this primary even though I'll be moving into a new primary tomorrow?

I would want to rent my primary soon to be rental for $2200 or more, with PITI at $1450. Thus the reasoning of refi to see if I can reduce interest rate down a point or more in this time.

Great! So to your topic, I say now or never on doing it! We know timing is everything but this should be a great time and there should be a lot of essential work out there for this job! God bless and ill sure to follow this journey of yours. Best wishes to you brother! 

Wow! I used to live in San Leandro! Those are some awesome numbers! 
Which ADU company are you using?

Have you gotten build sheets yet? 

What are the comps around the area? Are there other ADU's around or near to you?

I'm planning on ADU's on my soon to be 2 properties. But looking at a year turnaround minimum from start to finish.

Just hoping you have a plan B if first ADU takes longer then the 9 months you got.

What about a JDU on the home already there? 

Hoping for this to be a Grand Slam! Following this!

Let’s see the numbers!