Focusing on what you can control, like consistent effort, really sets the foundation for success.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.

The numbers can look great on paper, but the success really depends on buying in the right areas, managing renovations well, and having a solid team in place for property management.If you’re thinking about buying, fixing, and renting, I’d recommend starting by learning as much as you can about the different neighborhoods.

I make sure that they help in creating new systems and processes, always asking for their advice.  

The lender will require that you live in it for 12 months and then you can rent out all of the units after that and start the buying process using the same strategy all over again after that 12 month period.  

Let’s discuss what’s working to navigate these shifts and make 2025 a successful year!

Quote from @John McKee: What are your successes, failures, and aha moments?  

I just recently started a jiu jitsu academy with a couple of friends, and although I was not in the day to day grind of the process in finding a building and building the space out, I did become fascinated with the process.

I have 9 loans currently so looking to do a conventional loan on my next depending on that process.

Best wishes and best of success to you in 2025.