All Forum Posts by: Pavan Sandhu

@Shane Elias-Calles i'd lean to say No there's not. SBA loans are typically for business purposes only. Business needs to cash flow or projections need to show cash flow. Perhaps if it's a value add opportunity you could do something similar. Lots of GREAT sba lenders out there you should start to network with locals. Look into your local SBDC (Small business development  center) or CDFI's

Big congrats man! A lot to think about the first start with Experience, money, and capacity. You could essentially acquire the property for free if you sold the subdivided lots for enough. Recoup your initial capital and use it towards the development or your next purchase. Sell it to a developer at some point or just take it slow. Depends on if you can manage the holding costs and/or your immediate goals/needs. 

San Jose is a great place to place an ADU on your property. Have you looked into that before moving > I'd leverage OC financing before moving out.

I like it man. You could look into a USDA or other types of funding as well. Lots of great areas in the region you could make this happen. Feel free to DM me. 

you could use the new ADU laws to increase the number of doors paying your every month...

@Justin Thorpe if the lot and location is right, you could easily fence it off to feel more privacy. I've seen it done and done it myself. My ADU is on the back half of my property. The tenant comes and goes as they please without me ever knowing or caring.

@Victor Baquero when I was searching for a cash out refinance strategy on my first ADU, I got 5 different appraisals before finding the perfect one. You cannot get the best value with a desktop or light appraisal. Key to is going to be to get an appraiser to value your property highest possible way. You may have to battle and do some work to get the right appraisal but I assure you it will be worth it. Lots of great ways to fight a low appraisals especially on ADUs.

@Mike Ritz There's lots of great resources and posts on these forums that will help you.

Several great people to look up on here. @Scott Choppin I know personally has some great posts.

Great share Chen. 1-4 on point! I am building 2 in the Sunset District (south SF). Would love to connect. 

I'll post a few ADU case studies to outline how the COC returns make an ADU ideal. People want more cash flow. This initial negative cash position won't last very long. Only until they refinance. Now opportunity cost in-between time sure but for most people it's easier to work on property you already have rather than go source, finance and secure another property.