The Rich Somers Report How Prefab ADUs Can Make You Money: Real Estate Wealth Strategies | Andrew Greer E321
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Mar 18, 2025 Andrew Greer, a real estate investor focused on prefabricated accessory dwelling units (ADUs), shares insights on leveraging ADUs for rental income and long-term wealth. He explains the quick installation and cash flow potential of these units. The discussion highlights California's favorable zoning laws that are creating significant investor opportunities. Greer breaks down financing and permitting processes, while also sharing real-world examples demonstrating how ADUs can enhance property value and contribute to a profitable real estate portfolio.
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Mission Hills Project Success
- Andrew Greer discusses his recent projects, including homes in Mission Hills and a pocket community in National City.
- He sold two Mission Hills properties and is about to list the third, exceeding his financial goals.
Prefab Homes as Real Property
- Prefabricated homes, or 'manufactured homes', can become real property with proper permitting and engineered foundations.
- These units can also be used as ADUs, offering flexibility and cost savings.
Cost Savings with Prefab
- Andrew Greer's prefab units cost around $150 per square foot, less than half the cost of traditional builds.
- This significant cost reduction makes them an attractive investment opportunity.