Episode 412: Luke Helliker Leverages the ADU Process & Learns Many Lessons

Luke Helliker is a buy and hold real estate investor that has leveraged networking, house hacking, and value-add strategies to build a successful portfolio.

Luke kicks things off by sharing how he acquired his first house hack and provides insights on the ADU process that he used to add a third legal unit. He lays out top considerations when converting a basement into a dwelling unit including the top dollar items. Luke talks about getting a 4-unit acquisition to the finish line, despite it involving violations and a difficult seller. Throughout this episode, Luke demonstrates how holding real estate for the long term has built him great wealth and how staying active in the market is the key to success!

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Guest: Luke Helliker

Link: Luke Helliker - DocuSign | LinkedIn

Link: EUBA

Link: SUCI Ep 345 - Joey Turano

Link: SUCI Ep 354 - Jake Fugman & Mike Scanlon

Link: SUCI Ep 389 - Sebastian Mysliwiec

Link: Rich Dad Poor Dad (Book Recommendation)

Guest Questions:

03:15 Housing Provider Tip - Ensure to perform periodic checks on properties to identify issues that tenants may not bring up!

05:03 Intro to our guest, Luke Helliker!

13:19 Luke's first deal: a 2-unit house hack!

20:18 How to leverage the ADU process.

27:20 Funding an ADU project.

41:09 Navigating investing with your significant other.

43:15 Acquiring a 4-unit building in a competitive market!

58:47 Lessons learned on the 4-unit acquisition.

65:30 Luke's next investment targets.

66:19 What is your competitive advantage?

67:15 One piece of advice for new investors.

67:59 What do you do for fun?

69:19 Good book, podcast, or self development activity that you would recommend?

70:01 Local Network Recommendation?

70:30 How can the listeners learn more about you and provide value to you?

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Production House: Flint Stone Media

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