The David Greene Show The David Greene Show with Shane Sanders | EP 81
Aug 21, 2025
Shane Sanders, a savvy real estate investor from Washington, shares his innovative strategies for scaling his portfolio, combining ADU development with the BRRRR method. He highlights how to purchase undervalued properties and unlock hidden cash flow potential. Shane delves into the challenges of city regulations and the condoization process, offering insights into financing options like DSCR loans. His approach emphasizes adapting to the current market, applying creative renovations, and leveraging unique skills for successful wealth building.
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State-Level Condoization Unlocks Value
- Condo-izing ADUs converts one lot into multiple parcel numbers, unlocking separate financing or sales for each unit.
- Shane uses this to scale by building two ADUs on alley or corner lots and then cashing out via refi.
Choose Lots With Separate Back Access
- Target alley or corner lots to give ADUs separate access and private yards so they appear like independent homes from the street.
- Fence and gate units to create fully detached-feeling homes that hide the ADU from casual passersby.
Account For Condoization Costs Early
- Budget for a condo-ization firm and low HOA setup when splitting parcels; expect about $15,000 and minimal annual HOA fees.
- Treat these fees as part of project costs when evaluating returns and refinance timing.
