I’m working with a group of architects that specialize in ADUs. If anybody in the Atlanta area wants to talk about adding one to their property let’s talk. 

With the average apartment in my area ranging from about $1600 and up, having a mortgage rate between $1200-$1400 (again, rough numbers the lender provided me with) doesn't sound too bad considering my money would be going towards my investment and not just right out the window.Now all this sounds very intriguing considering I am ready and willing to take these steps, but with where I am at as an hourly wage employee living paycheck to paycheck, in a VERY expensive town to live in, the numbers just seem quite daunting.

Which option is better to build a new one or buy an existing one?

David Greene wrote "Long Distance Real Estate Investing" which gives you a great tutorial, but I suggest looking at deals in the Midwest or the Southeast to allow your portfolio to get a good base of cash flow, and then once you are ready for some more appreciation focused deals, you can change your target markets.

Get rid of debt, build a budget, and save.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

This can help you build credit, as their positive payment history will reflect on your report.9.

I’m currently building 2 detached ADU’s in the city of Santa Monica,CA on a current 4plex.

I'm looking forward to building connections and growing in this journey together.Thank you, and I hope to hear from some of you soon!

Looking forward to connecting and building a trustworthy team of broker, lenders, property managers and contractors!