The result is they cost more, but it also means as more and more are built, the inventory of smaller, basic starter homes diminishes. 

We have a joke in our office, that tenants will keep asking for improvements until they basically have a brand new house - and even then they will find something to complain about!

So, basically what I’m saying is, if you’re really serious to get started, go for it. 

So you are basically making a pure cashflow play with no appreciation or tax benefits. 

Quote from @Brandon Croucier: No shot, even if you went with an 80% LTV Cash Out on new appraised value, your rate will be much higher & closing costs are going to basically eat up all of your proceeds. 

This study took place in 2021, and cities in California are among those where the homes with ADUs are listed for less.https://www.nar.realtor/magazine/real-estate-news/study-adus...A reasonable interpretation of this is that there has basically been overbuilding of ADUs in California, where they no longer add value, but adding an ADU in other areas may still be a great idea.

According to the National Small Business Association, about 42% of small businesses in the US use a dedicated business credit card as a basic tool for keeping finances separate (NSBA Small Business Access to Capital Report, 2023).

He could be offering the most basic concepts ever for many in REI but just the shift in my mind has made watching his sales video worth it for me. 

The basic formula they use is:Property Value × 80% – Existing Mortgage = Potential HELOC Limit.If that number is under $25K, it’s usually not worth their time.

I did not invest in Ignite, so consider this an opinion on the category of investment.My results were some paid off as expected, some dragged out but eventually paid off, some failed and were foreclosures in which I received partial payoff and I still have some from 2016 in which the platform just can't seem to bring themselves to foreclose on their biggest borrower, so they keep pushing it out at investors' expense.Someone once warned me that I would end up with a basket of losers since those are the ones that don't payoff as expected and I rolled my payoffs into new notes, eventually adding onto my loser pile.I found the platforms' statements that they super-vet the borrowers to be worthless and they basically disclaim as much by saying I shouldn't rely on any info they share.