Add a JADU Or Invest In other property
I recently bought a 3 bedroom and 1 bath home with about 1100 sq. ft. It also has an attached 1 car garage that is about 380 square feet. I am currently building and ADU in the back yard that will be about 900 sq. ft. It will be a two bedroom and 1.5 bath unit. Once the project is done I would like to take advantage of appreciation and begin executing the BRRR strategy. With a cash-out refi I am not sure which would be the better investment: Option A build a JADU in the attached garage, or option B invest in another property? What are things to consider when making such a decision? Currently I am living in the main home but do not see my self living in it for more than 5 years. My long term goal is to keep the property as a rental property. Also, if I opt for option A, could I refinance once again or is it unlikely?