In the house hacking industry, DIY remodels are usually the way to go. But what if we told you that you could be raking in even more with new builds and Accessory Dwelling Units (ADUs)? Derek Sherrell is joining us this week to share everything he knows about achieving financial freedom through ADUs.
With more than 25 years of experience, Derek has made it his life mission to teach people all about building affordable ADUs. Through his Youtube videos, he has been documenting every step of every build so that virtually anyone can get into the industry!
Tune in to this week’s episode with Craig, Zeona, and Derek to learn all about the strategies to identifying properties with great potential, vetting dependable builders, and financing your first ADU in today’s market!
PODCAST HIGHLIGHTS:
[1:25] Z’s New Mid-Term Rental in Atlanta
[4:10] How Derek Got Into ADU’s
[9:10] What Every House Hacker Needs To Know By Heart
[10:35] Multi-Family Development vs. ADUs
[12:40] Derek’s Strategies To Finding And Maximizing ADUs
[19:55] Beginners Steps To Getting Into ADUs
[25:48] Most Affordable Way To Build An ADU
[28:48] On Garage Conversions: Yay or Nay?
[37:13] Why New Builds Can Actually Be Easier Than Remodels
[40:30] How To Find Excellent Builders
[42:45] The Best Cheat Code To Wealth
[45:10] What Keeps Derek Going
[50:50] Three Simple Tips For Affordable ADU Projects
Affiliate Links:
1. Don’t miss out on resources of great value for real estate starters. Visit FITeam’s website! —https://www.thefiteam.com/
2. Join a supportive community of over 1200 passionate, like-minded investors! You can find your very first short-term or medium-term rental here, as well as accountability buddies and bi-weekly webinars:
AirBnB Investing -https://www.facebook.com/groups/airbnbinvesting
3. Check out what Derek is currently listening to on Audible - The Wise Investor: A Modern Parable About Creating Financial Freedom and Living Your Best Life by Rich Fettke - https://www.audible.com/pd/The-Wise-Investor-Audiobook/B0B2BZP8V6n
4. Easily manage your properties with www.rentredi.com and use our CODE: INVEST2FI to get 50% off on your first 6 months!
5. Kaplan Real Estate Education - https://www.kapre.com/ and use our CODE - Invest2
6. Learn step by step how to purchase a property, set up rent, and ultimately become an AirBNB SuperHost! You can register for FREE here: https://www.stepbystepbnb.com/a/2147508384/zG79Sujh
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Episode 67 - Cracking The Code Of Financial Independence Through Real Estate: An Interview With Christopher Loo
Episode 66 - Dan Haberkost On Addressing Landlord Mistakes The Right Way
Episode 65 - How To Get The Confidence You Need To Succeed With Bradley LaBrie
Episode 64: Earning A Passive Income Through Alternative Investing With Dan Kryzanowski
Episode 63 - Get Your Finances Straight With Zero Debt Coach Brad Long
Episode 62 - Become A Sheeksfreak And Achieve Early FI With Dan Sheeks
Episode 61 - Intentional Investing With Former Marine Kevin Quintanilla-Toledo
Episode 60 - Taking House Hacking to Another Level With Kayla Govier And Bryce Givens
Episode 59 - Achieving FI Through Savings, Real Estate, And Index Funds With The Legendary JL Collins
Episode 58 - Leaping From House Hacking To Multifamily Syndication With Tyler Giering
Episode 57 - House Hacking Strategies With FI Team Agent Bryan Balducki
Episode 56 - Life Hacks From The House Hacking Doctor Jonathan Tom
Episode 55 - Hustling And Crushing It With Noah Evans & Jeff Fawson
Episode 54 - Leverage Your Business To Level Up Your Real Estate Game With Mike Brockway
Episode 53 - E-commerce Your Way To FI With Connor Gross
Episode 52 - Start Young And Go BRRRR With Cody Caswell
Episode 51 - Navigating Commercial Real Estate And Funding With Paul Moore
Episode 50 - Starting A Wholesaling Business And Synergizing Your Life With Paul Thompson
Episode 49 - Brand New To FI And Accidental House Hacking With Garrett Terrell
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