All Forum Posts by: Abigail Joanna
Abigail Joanna has started 6 posts and replied 12 times.
Post: Buy tiny home to put on property or save for next property?
Abigail JoannaPosted
- Posts 12
- Votes 5
Quote from @Nathan Gesner:
Quote from @Abigail Joanna:
Do the math. If it costs $100,000 to install an ADU and it rents for $1,000 a month, then it may be worth it. If it costs $150,000 and the ADU rents for $750, then it's probably not worth it.
Here's a guide on how to analyze a property. Do the math and see if an ADU is worth the cost and effort.
https://www.biggerpockets.com/blog/rental-property-cash-flow...
My adu would be about 15-25k to install. Rent would probably be a short term nightly basis.
Post: Buy tiny home to put on property or save for next property?
Abigail JoannaPosted
- Posts 12
- Votes 5
Hey bigger pockets family, I'm facing a dilemma that consists of me choosing whether or not to buy a tiny home and put it on my current home's property, creating an ADU to rent out or to save that money that I would put into the tiny home and save for my next purchase. Thoughts?