Palmdale House Hack with ADUs
Investment Info:
Single-family residence buy & hold investment.
Single Family Home I am adding two ADUs to in an area outside of Los Angeles.
What made you interested in investing in this type of deal?
ADU law changed in Los Angeles so I plan on building two ADUs on the property to turn it into a triplex.
How did you find this deal and how did you negotiate it?
MLS - deal made sense at the current price so offered the asking price.
How did you finance this deal?
Conventional financing
How did you add value to the deal?
Building an ADU in the Garage and one in the backyard
What was the outcome?
Still in progress and getting construction bids
Lessons learned? Challenges?
Homes with septic tanks can have surprise expenses!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Vic & Rima from Palmdale, CA, quality people