Investment Info:Single-family residence wholesale investment.

An ADU is a secondary dwelling unit located on the same lot as a primary residence.

Another lesson I’ve learned is that buying a single family home as my primary residence to later lease to a tenant is a bad strategy unless I’m purchasing the property at a really low price.

The goal of real estate is to have the big FOUR - cash flow, equity, appreciation, and tax benefits.

Investment Info:Single-family residence buy & hold investment in Alexandria.

I've been investing in real estate since 2017 and have seen that the real money or wealth made in this field is in equity build up moreso than in cash flow.

If they are, it will be expensive and / or require SIGNIFICANT equity.

Maintenance and potential repairs will also require a long-term financial plan and setting aside a contingency fund for such expenses.The steady cash flow, appreciation over time, and tax benefits can make a meaningful difference to your wealth in the long term, especially with the principal paydown on the mortgage.However, if managing the property from a distance feels too burdensome, or if you’d prefer the certainty and flexibility that comes with having less debt (especially given the high mortgage rates), selling and using the $100,000 in equity to reduce your loan for your next home may be the smarter move.

We do them, but they aren't cheap and your LTV will be lower that a HELOC on a primary residence.

Investment Info:Single-family residence wholesale investment.