All Forum Posts by: Sothea K.

Another strategy would be to short term rental or mid term rental them if they are in an ideal idea for either. 

Would love to see where you land with this as we've had similar inquiries but haven't had a straight answer from CPAs.

@Christian Nielsen Does anyone know how they would be able to "police" owner occupancy with the JADU? For example, we would be living in the main house for now. But what if we move away in the future?

When we purchased our home 1 year ago with an 1 bed/1ba ADU out back, we were given a credit of $5K for a "bonus" room. The same credit amount was given to comps that have a similar bonus unit in the area.

I'm in the same boat and was originally looking to do a cash out refi after the ADU build to get some of my money back but the uncertainties of appraisal are making me rethink that strategy. I'll now have to think of this as a longer term investment/cashflow play and have to be comfortable with leaving the money used to build the ADU in the property with hopes that I'll be able to cash out refi with a higher appraisal value in the future.

Looks like I can't individually thank each person who responded but thank you all so much for the insight! I really appreciate it. 

The house is paid for and belongs to a mother and her son. 

Best, 

Sothea

 Thank you for your response!

Hello, Does anyone know how would I calculate an asset where there are 2 owners for an investment home? Do I account the entire value of the home or half of it?

Thank you @Jaiden Olsen!

Thank you @Cherie Orellana!

Hello, I'm looking to interview PMs in SLC. Any recommendations? Thanks in advance!