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
Episode 138 - Unlocking Real Estate Success With Connor Anderson
Episode 137 - Mastering the Art of Building Homes for Airbnb With Dan Bourdeau
Episode 136 - Hitting The 1000-Unit Mark with Jered Sturm
Episode 135 - The Power of Saying Yes with Chad Rocke
Episode 134 - Scaling Your Investments With Partnerships With Caleb Van Timmeren and Kyle Aho
Episode 133 - Investing and Financing Out-of-State Deals With Melissa and Matthew Roybal
Episode 132 - Special Episode: Welcome to Our New Co-Host Ali Garced!!
Episode 131 - Rising Above Market Uncertainty With Andrew Syrios
Episode 130 - The Secrets To Succeeding In Life And Work With Daniel Kwak (The Kwak Brothers)
Episode 129 - The Key To Being Happy With FIRE With Pete Adeney (Mr. Money Mustache)
Episode 127 - Scaling 7-Figure Businesses With Mike Simmons
Episode 126 - Achieving Financial Freedom with Meghan Hunter
Episode 125 - Frame Shifting for Success With Jason Drees
Episode 124 - Kickstarting Your Airbnb Co-Hosting Journey With Natalie Palmer
Episode 123 - From Bankruptcy to Legacy: Nick Beveridge’s Incredible Real Estate Journey
Episode 122 - Futureproofing Your Family’s Income Through Real Estate Investments With Ruben Garcia
Episode 121 - Leveraging Tax Knowledge for Real Estate Write-Offs With Natalie Kolodij
Episode 120 - Surviving the Ups and Downs of Real Estate Investing
Episode 119 - The Value of Building Relationships in Real Estate With Henry Washington
Create your
podcast in
minutes
It is Free
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show
The Clark Howard Podcast