Just getting started myself.

I am thinking about putting together a tour of 2-3 ADUS in Pasadena CA that are under construction or recently built to get a better sense of the ADU building process.

It’s tough to be in a position of uncertainty, but getting informed and organized will help you navigate this situation.

You are going to be thousands in the whole before you ever start and any cashflow you get from a rental will be eaten up in tax and corporate filings.

When you get a big bank loan, you will never talk to the person you talked to in the beginning again.

You can get the same responses via ChatGPT.

Purchase price: $550,000 Cash invested: $1,000 Sale price: $565,000 Joint ventured with another wholesaler in Northern Utah to get this deal done.

I have a few other questions that I am hoping I can get your opinions and advice on. 1.

I am searching for help or advice on getting started and building this thing from the ground up.

Our understanding is that if we designate the $60K as "OPTION CONSIDERATION" - these funds and the USE of these funds are NOT Taxable to the property seller UNTIL one of two things happen; # 1 the OPTION gets exercised, or # 2 the OPTION gets cancelled.