All Forum Posts by: Aaron K.

It is really hard to compare apples to apples here because seller financing allows you to do more or less whatever terms you and the seller agree to, that could be amortizing over 30 years or it could be interest only over 3 with a balloon at the end, so you can propose different structures to get you where you need to go.

@David Duquette there is no template because your scope of work will be different for every house, unless you have specific design things you want to do every time whoever you have doing the rehab will be helpful in telling you what you need.

What are you talking about?  You buy a property with money, not tax returns.  If you mean tax liens, you often don't get the property, if you mean tax deeds that is fine but very few quality properties go to auction.

Keep in mind most home purchasers are dual income households in their prime earning years, it may seem impossible now but patience may well pay off.

@Rachel S. yes but he could also just build the ADU. That is the reason new houses usually don't come with pools, they don't add as much value as they cost to build. If the parking is a requirement to build the ADU then sure it is worth it, but the ADU is the driver of value not the garage.

@Eduardo Reyes compare it to other 2 bedroom houses then try to adjust for the lot as difficult as that may be.  Who is your target wholesale client here though?  Doesn't sound like a great rental or flip, and if the value is in the land it seems like a vacant lot would be better for a developer.  1.2 acres isn't a ton of houses especially if it is laid out funny.

@Account Closed that would be the value of adding an ADU not adding a garage.

@Alex F. I'd check around to verify listing date, my guess is if you are within reason they counteroffer, otherwise they may email to reject your offer or just ignore it.

@Kelly McCandless not worth what it costs to build.  In my area of SoCal going from no garage to a 2 car garage adds about $15k.  Going from 1 car garage to 2 adds about $7,500.  Going from 2 car garage to 3 car garage adds about $5k in value.

@Troy L. household, the breadwinner would still be responsible because they signed the lease.  I have never seen this happen.