All Forum Posts by: Avery Heilbron

$180-$220/ foot. Could be other variables depending on size and finishes. Feel free to send a PM and happy to send reputable new construction builders to quote out the project

Hi @Bradon Gentile I am a realtor and investor in the area and would be happy to connect you with those people. Feel free to send me a PM

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Join us for Coffee & A Case Study this weekend, where we’ll break down zoning in a way that’s approachable, even if you’re just starting out. We’ll walk through real examples, answer questions, and show how savvy investors use zoning to unlock hidden value in properties.

@Zach Rubin Stuff in Cary seems to go quickly as it is a highly desirable area and still relatively affordable compared to some other places (neighborhood dependent). I'd be happy to discuss further as a realtor but will also say hanging on to an assett in a heavily appreciating market can't hurt if you could figure out a way to get a HELOC for cash access and possibly rent it out as a furnished rental to cover the expenses.

As for the market slowing down it only seems to be if the houses are priced poorly. but in 3-6-12 months etc. who knows with the state of the economy

Hi @Ambica Pilli we have 2 each month in Durham. One is a coffee meetup with a case study of a project and the other an evening networking event. You can send me a PM for info or find it on our website if you look up Better Properties

Join us at our second monthly Coffee & A Case Study event this Saturday, March 1. We will enjoy specialty coffee and discuss our recent subdivision of 105 Cherry Grove St, challenges we encountered, and how we were able to work through them to achieve over 100% margins. Please send me a PM to RSVP and we will see you there!

Hi @Mason Erb happy to help in this area! I am an investor and broker and my brokerage also has a construction firm. I'd be happy to talk about some good strategies to make numbers work well in the area. I will send you a PM

@Victor Yang I am not a CPA but you cannot take passive losses (real estate activities) to offset active income (W2) unless you make under a certain threshold from your W2 (I don't recall the exact salary).

That being said if it is turnkey and you can't value add to create rent growth then probably not worth it at the price

Hey @Josh Lansberry congrats on taking a first step! Househacking is an awesome way to start and really catapult your wealth building. I have done it multiple times and always suggest it as the best way to start. I am a broker in the area and I'd be happy to help you through the process. I will send you a PM

@Jorden Barnard I just finished building mine in Durham. There are not a lot of comps and sales as of now but more are being built so time will tell with your ROE. My home went from a 2bed2bath to a 3bed3bath after building a 1bed1bath ADU. a 3bed3bath at 1800 ft in my neighborhood sells for 750-800. I'd guess I could sell my house with ADU for 650-675. So it can be good for cash flow and building in tighter spaces but it is less of a equity play in today's market if you're looking to sell right away