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The Rich Somers Report

ADU Investing Deep Dive & Why This is One of My Top 2 Real Estate Plays of 2025 | France Hanna E298

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5910 Ratings

🗓️ 23 January 2025

⏱️ 75 minutes

🧾️ Download transcript

Summary

What if you could turn a single-family property into a cash-flowing multifamily asset? In this episode of The Rich Somers Report, Rich sits down with ADU expert France Hanna to break down the massive wealth-building potential of accessory dwelling units (ADUs). From backyard additions to large-scale developments, France shares insider strategies to navigate California's pro-housing legislation and maximize the value of your real estate investments.In this episode, you’ll learn:How California’...

Transcript

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0:00.0

Hey guys, real quick before we get started this weekend, I am hosting January 25th and 26,

0:05.5

a two-day challenge, social media, podcasting, personal branding.

0:10.1

I am going to be covering the A to Z and just drop in a ton of game, a ton of strategy

0:14.0

because this year, 2025 and beyond, the personal brand is the most important thing

0:18.4

that you could truly build for yourself.

0:20.1

If you guys want to register, I'm only opening 100 seats. Go to the seven figure creator.com slash podcast. Again,

0:27.9

that's the number seven figure creator.com slash podcast to save a seat and I hope to see you there.

0:34.6

Now let's jump into the show. When it comes to vacant land,

0:38.2

it's probably vacant for a reason. And a lot of people don't know this. Because the seller

0:43.1

wants some crazy number. Well, that and it's because maybe like before, like if it has been vacant

0:49.4

for a lot, like its use was when the city, let say was you know building the infrastructure to you know

0:57.6

provide like you know water and electricity for that area etc they're like oh this is just going to be a

1:02.8

freaking stupid parking lot like it doesn't need that let's say some costs and like let's this thing

1:07.7

is not entitled to any water rights or so i have some people sometimes like

1:12.1

hey i just bought this land i'm trying to develop it et cetera and i'm like dude i just did like you know

1:18.4

two days worth of research and i found out like you don't have any freaking water rights like what does

1:24.1

that mean like the city is not going to like literally, you do not have water.

1:29.0

Like, you know, nothing you could do about that.

1:33.2

Welcome to the Rich Drummers Report where we talk real estate, business, and wealth

1:36.8

building, all while keeping it real.

1:38.5

No fluff, no BS.

1:40.2

I hope that you enjoy the show.

...

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