Read David Green's book on BRRR and understand the approach, but need to decide on a region. 

Read David Green's book on BRRR and understand the approach, but need to decide on a region. 

SFH with ADU will not be valued via an income approach if the buyer is using conventional financing.My view is that Bay Ho likely does not have enough ADU comps and an ADU addition will not add as much as a hands off ADU garage conversion addition. 

It is why my approach is to use cash and to have the HELOC as a safety net since I can transfer the funds immediately via the internet. 

We estimate having about $100k in equity, $72k remaining mortgage ($375/mo) and an estimated value of $170k+, granted, in this insane market.Comps in our area are renting for $1500+ per month (we’re within walking distance of a university and booming downtown area).I feel like we’re in a great position to convert to a rental and leverage our equity but I’m not sure how to approach the conversion of our current home and acquisition of our next.

I can’t complain, my rent roll approached 1mil and I net about 700k.  

We are taking a Wealth Protection approach in this economy. 

You can do a delayed financing approach. 

There's a few approaches:1.

Speaking at least for my company, we have exclusive listing agreements, so if you want to buy a business we represent, you have to work through us - even if you approach the seller directly.