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Fantastic break down! Thanks for sharing the numbers. Will be eager to see how it plays out over the rest of the year

Hi Michael. Great video. Quick question on the hard money for the home purchase. Here there is a 25% down payment. Are there currently options for a 10-15% down payment to decrease the upfront cash requirements or is 25% typical for these types of projects? Thanks!

could you share the link for the spreadsheet you used here?

where are you finding a house with a yard for less than $800k in Seattle proper?

Logan's a top notch interviewer and real estate investor!

Markets have cap rates. A building does not have a cap rate until it is purchased.

This Marty guy seems to know what’s up

Maybe don’t talk about making shady moves just to close the deal

Non unionized Contractors are the worst

maybe if you're having to spend money just to rip out the repairs, it's not a good deal for you and the planet and you should let the home got to someone that has the cash coffers to secure the home without a loan.

Great info! I’ve reached out to schedule a call with you.

make this man my agent now. super helpful info and interviews!!

Hi Michael, Can we have a virtual call sometime in the evening?

Great job Dennis!

What can this man not do?!

This guy is so cool, he should have way more subscribers. I love this idea of financial independence and it's something that I would love to arrive to someday.

looks like an easy and thorough way to analyze a property!!

I might be interested in something like this. How do I know if a property is suitable for a DADU? Is it simply a matter of lot size with an alley?

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Way to work in the Pokémon into an investing analogy

Where is this city

Your content is very nice. Carry on man!

Whats the best way to find multi family properties?

"promo sm"

Nice💥🔨❤️

Great info, Michael. You may remember that the FHA self sufficiency rule/test killed a deal we had under contract with you a couple of years ago. And that was with super low interest rates! Enjoy the trip to Bali. - Blair

Hey, thank you for the education. What ever happen with the property, did it get developed?

Do you have any lenders in Seattle who are willing to finance a construction loan for a dadu project?

✅ P r o m o s m

So cool

Wow this is extremely valuable information. I love how multi faceted this panel is and I have a lot better idea of the DADU game!

first time i've ever heard of condoization. do you mind educating what that means and what it entails (steps, cost)?

this is gold. thanks for the masterclass (very appropriately named). if i have a garage, can i convert it to a unit, AND add a 2nd unit on top? footprint wise, it would comply with the square footage requirement since both are stacked on top of the garage footprint, but i suppose technically it can be counted as 2 units. is that allowed? and what if the house already has a ADU when purchased, can I add these DADUs to them?

love it Michael. is 20K about what you see to add a ADU/DADU in the greater Seattle area? and does it involve converting a garage to a 1 bed, add 1 bath, kitchen?

Need the after results part 〽️ 2 please

very informative and helpful

Ah put a door and get rid of the in unit washing machine? You wanna cut out all that plumbing and seal the lines? How are you planning on segregating the units. This is isn't a hack it's a wishlist. On a house in any normal market that would be worth maybe 150K.

Hi Michael, you mention going back to the bank to apply for a conventional loan to pay off the construction loan. Is there any reason the bank wouldn't approve someone for a conventional loan on the DADU? Is that basically a guarantee?

Is condoziation possible in burien and worth it? Currently have a house that I’m house hacking a property with a 13k sq ft lot that can have a DADU built on it. I went to one of your meet ups but you weren’t there.

Ugh. None of these options work for me

Glad I found this video and seeing others do this! I'm on step 2 right now and seeing the whole project lined out is extremely helpful!

Super Insightful! Great video!

Great video, Michael!!

Let's goooo!!!! 🔥

Dang, this video is so good! It's definitely got me fired up to try this strategy. This is the biggest question I have and others have asked me. This is an excellent resource and a super easy to follow process. Thanks Michael!

Wow $390k is an excellent profit !! Another great video :)

Awesome video. I'll make sure I PAC my next house hack as much as possible. How did you learn all this?

Great info, thanks Michael!

Mr. House Hack is a great name