General Tips for ADU Investments in LA: Any advice on maximizing ROI from ADUs or common pitfalls to avoid when building and managing ADUs in LA?

Ideally, I’m looking for buyers who can offer fair deals and make the process smooth.If you’ve sold owner-financed notes before, I’d love to hear about your experience—any tips or lessons learned would be greatly appreciated!

Thank you all for the tips all!

I’m in a different situation with no kids and not married but I would still urge you to find a way to pay off CC debt.  

@Nathan BrooksI am not local to Richmond, but have several clients who work in that market.Welcome to the community and be ready for a huge amount of information at your finger tips.

Would love to hear what’s worked for you and any tips you have for making sure the funds are in place to lock down a great deal.

Well it will need to be life changing events like having kids, new job, divorce, taking care family members etc but the rule of thumb is to live there for at least one year then being able to rent it out and converting it into an investment property.

Your more likely to misplace your cellphone, wallet, or kids, than you are to lose data now of days.. welcome to the cloud!

But if hold on them for awhile and pay them off, then your family and kids and enjoy the income they produce.

Or one needs to be a lifer  IE never sell hand down to kids.