BiggerPockets Real Estate Podcast

932: Seeing Greene: When NOT to Build an ADU and How to Invest $300K

Apr 9, 2024
Exploring when to build an ADU, investing $300K in real estate, retirement strategies, HELOCs, 1031 exchanges, rental properties, legal lease agreements, estoppel in real estate, building equity, and long-term financial security in real estate investing.
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ADVICE

ADU Alternatives

  • Consider buying a fixer-upper with existing structures for conversion into an ADU.
  • This can be cheaper than building a new ADU, especially in expensive markets.
ADVICE

HELOC Usage

  • Open a HELOC, but don't borrow until needed, treating it like a credit card.
  • Only spend what you need and consider current interest rates before borrowing.
ADVICE

Investing $300,000

  • Buy a house to house hack annually for 10 years, leveraging saved housing expenses for down payments.
  • Explore short-term rentals with cash for lower risk and learning experience.
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