In southern CA, even garage conversion ADU additions are typically costing more than the value added.  

 I am a relatively new house flipper.  One of the issues I have noticed is that some people think of a flip house as being the cheapest possible rehab.  To address this I took detailed pictures from beginning to end o...

Most hard money lenders require 10-20% down payment of the purchase price or total project cost.Holding Costs During Rehab: Yes, you'll need to cover carrying costs, including hard money interest, utilities, taxes, and insurance.

And What other conditions/terms/costs do you calculate when underwriting the potential of a deal?

To save those costs, you might want to stick to some year build and older, for example, if you cannot do inspections on the properties that you are buying due to off-market deals or something else that is hindering you (all sellers I buy from do not want anyone in the home till we close).

Hi Michael,I agree with Bruce that rephrasing other people’s content can be risky, as it could potentially lead to plagiarism issues, and it doesn’t establish your business as an authority in the field.

When you took in the increased cost of the build how did you arrive at that percentage?

If you have any leads or information, I would love to connect and discuss potential opportunities.

Here's an article with FAQs including the cost of a study.

Is just the fact that no garage could be a no go for some buyers enough to build it even if it only raises the value by the actual cost?