Please feel free to PM me. 

🇺🇸Looking forward to connecting with like-minded people—feel free to say hi!

I promise you will have options once you finish renovating.If you purchased correctly (location & purchase price), you will have enough equity so that you can either sell it for tax free capital gains, cash out refinance (if mortgage rates are lower), or pull a HELOC to acquire your next property!

If you think you will have it for less than 4 years I would say go with the HELOC because you have less origination costs.

Definitely stay away from the guru/seminars crowd and stick with the organic communities like BP and local free meetups.

Additionally it can often results in multiple additional tax filing requirements riving their tax filing costs up unexpectedly. 

I recently completed one on a multifamily property and found it to be a cost-effective approach.That said, there are a couple of additional factors to consider beyond the code differences between a garage conversion and new construction:Coastal Overlay Zones – If your property is in a coastal overlay, building a ground-up ADU may require Coastal Commission review, which can add time and complexity to the process.

I was a Realtor when I purchased it in 2019 and I used my commission towards the closing costs and I am a U.S.

One other question I wanted to ask is if during a short sale if the lender would be agreeable to pay a portion of the closing costs?

Feel free to contact me with any opportunities in my interest areas.