We manage a bunch of ADU’s and higher density new builds for investors in Raleigh and Durham.

You could build or flip less expensive units and sell them to your clients/occupants over time.

🔄 The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5Ever feel like your W2 job is holding back your real estate dreams?

First off, I really like how you’re thinking beyond just the renovation.. you’re creating a tailored investor strategy that builds excitement around upscale features.

Lastly, check any shared doors or gaps and add door sweeps or weatherstripping to block sound from traveling between the units. 

The sale price will most likely be around $500,000 and the mortgage is currently about $200,000.I plan on using the profits (let’s just say $300,000) to build an ADU on property that my family owns in Central Oregon.

In a city like Philly, you will face many challenges - you need to learn the market and know the neighborhood and the block and make sure all of your numbers are within reason, you need very reliable contractors, you need a to understand the permit process, you need to be familiar with market expectations. 

Anything beyond that is going to take some blocking and tackling (reaching out directly to local companies like solar farms, construction, medical staffing agencies, etc.).

What rate, term and amount borrowed did you get for the ADU build and what was the cost?

As an update from my end, since my concrete block walls were knocked down in Hurricane Ian, today I finally found out that new block was delivered put back up and the Tie-Beam is being formed to be poured.