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Real Estate Investing with Coach Carson

#307: Mastering ADUs for Hidden Cash Flow

Real Estate Investing with Coach Carson

Chad Carson

Investing, Business

4.9613 Ratings

🗓️ 4 September 2023

⏱️ 52 minutes

🧾️ Download transcript

Summary

Episode #307 – Shawn unravels the world of Accessory Dwelling Units (ADUs) to supercharge his rental income. See how to navigating zoning hurdles to raising funds and project management. Whether you're a seasoned investor or just starting out, this ADU goldmine episode can be your ticket to rental success!

🔗 Show Notes:

https://www.coachcarson.com/adu/

🔗 Links:

🎬 Timestamps:

00:00:00 - Intro

00:00:33 - Chad's Intro

00:01:20 - The Topic of Today's Episode

00:03:07 - Shawn's Career Prior to Real Estate

00:09:03 - Benefits of House Hacking & Airbnb

00:11:55 - A.D.U.'s

00:18:07 - Benefits of A.D.U.'s

00:18:41 - Understanding Zoning

00:21:00 - Finding out if you can add an A.D.U. to your property

00:24:42 - Finding Financial Opportunities Through A.D.U.'s

00:27:50 - Differing Between Markets & Regulations

00:32:33 - Multiple A.D.U.'s on Properties

00:36:03 - Raising Money for A.D.U.'s

00:40:37 - Construction & Project Management

00:45:07 - Cheapest Forms of A.D.U.'s

00:47:46 - Where to Connect with Shawn

00:49:56 – Outro

--------------------------
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:

https://www.coachcarson.com/rpm 

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https://www.coachcarson.com/toolkit-pod 

🖥️ Learn with Coach (Courses, Books & more):

https://www.CoachCarson.com 

👋 Connect with Me:

📸 https://www.instagram.com/coachchadcarson

👍 https://www.facebook.com/coachchadcarson

🐦 https://twitter.com/CoachChadCarson

💰 DealMachine – Software to help you buy more real estate deals:  https://www.coachcarson.com/dealmachine 

Transcript

Click on a timestamp to play from that location

0:00.0

combining multiple strategies. Let's say you live in this property, you add a couple of units,

0:04.7

and then let's say your Airbnb, one or two of these units. That's three strategies. That's

0:08.8

development slash value add because you just added units, your house hacking because you're

0:13.1

living in one of the units. And then your Airbnb being one of the units to maximize your

0:17.0

income. So getting creative like this in combining strategies in today's day and age,

0:22.0

that's how you're going to accelerate your wealth billing.

0:33.0

Welcome to the podcast, Real Estate Investing with Coach Carson. I'm your host Chad Carson.

0:37.0

You can also call me Coach. And this is a show to help you get out of the financial grind so you can do more of what matters. Whether you're a first time listener or a long time listener, thank you for being back for another episode. Now, I probably don't have to tell you, but finding real estate investment deals that actually produce a positive cash flow can be really challenging,

0:55.7

especially if you're in a higher cost of living area, most of California, New York, bigger cities,

1:01.6

it can be extremely difficult. So what I've learned over the years is that investors who are

1:05.9

successful at doing deals consistently when a lot of other people think it can't be done,

1:10.4

they find little techniques, they find ways of doing deals maybe when a lot of other people think it can't be done, they find little

1:11.4

techniques, they find ways of doing deals maybe that are either hidden or there's some kind of

1:16.4

barrier to entry, some knowledge you have to learn. And that's really what this episode's about.

1:20.6

It is a particular technique called using an accessory dwelling unit, also known as an ADU.

1:27.4

And we're going to explain what that means with an interview with someone named Sean DeMartel, an accessory dwelling unit, also known as an ADU.

1:31.7

And we're going to explain what that means with an interview with someone named Sean DeMartel.

1:36.2

And he lives in San Diego, California, one of the most expensive markets in the country.

1:40.5

And we're going to talk about a strategy he's been using to add accessory dwelling units,

1:45.1

either building a new building behind an existing single-family house or multi-unit property, or in some cases in San Diego where there's a special program building multiple units.

1:50.2

But no matter where you are in the country, we're going to talk about what this strategy is,

1:54.1

how you might be able to add it to existing rental properties that you have potentially.

...

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