1 Meeting and 10 documents: Forced Appreciation Win

[Andrew Bosco]

My latest house hack was a bet on knowing the process. My wife and I purchased a "Single Family" with an ADU. Knowing damn well that it was a two-family with an ADU (or three family). The former owner didn't want to handle the paperwork. Well, happy to report that I purchased the property back in Dec of 2023 for 625K. I handled the zoning/variance paperwork and took care of the documentation. Just did a refi/appraisal and the value came back at 827K! I just finalized my HELOC and I am ready for the next project.

My wife and I gained close to 200K in equity with JUST handling paperwork (roughly 40 hours of time with variance/gathering docs/meetings). 

Not a bad ROI!