Episode 128 - Building Wealth Through ADUs With Derek Sherrell

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