I started selling real estate 10 years ago and I have continually investing my money into purchasing properties. My main business is selling luxury homes in Los Angeles in Ventura County. I started doorknocking and making calls calls and grow my business to what it is today.
In the video, you say that you are going to rent the property, but it is for sale (DOM 25). What changed? Can you discuss your thoughts and switching from rental to selling it?
Bad deal to be honest, your paying/losing $1500 a month to have a tenet with the market rents of the single family alone, than you have cost to rehab the garage to convert into ADU which is additional construction cost to "Hopefully" make 2.5-2.8k.. I can't see the numbers making sense on keeping this property. not including the pipe dream of doing the construction cost to add the 3rd ADU your even more in debt. idk I would've had to pass on this deal (Money Pit) too much negative equity/cashflow not really profitable in the long run.
The ADU will be finished for 70k (no debt just pay cash) and when rented I’ll make 1 k which is not a lot of money but to be cashflow positive in my market is a win
dude I love your transformations, you are phenomenal!🔥
I appreciate that! Comments like these make me want to keep em going!
Great Job! Also Shane I was wondering where and how you started your business and grew it to be what it is today.
I started selling real estate 10 years ago and I have continually investing my money into purchasing properties. My main business is selling luxury homes in Los Angeles in Ventura County. I started doorknocking and making calls calls and grow my business to what it is today.
great content broo🙌🙌
Thank you 🙌
In the video, you say that you are going to rent the property, but it is for sale (DOM 25). What changed? Can you discuss your thoughts and switching from rental to selling it?
Great one my man
Appreciate it!!
Thankyou so much!!
That looks cool
Thanks!!
How do utilities work for the adu and a new address?
Invest!!
Amazing video thumnail let it down
Bad deal to be honest, your paying/losing $1500 a month to have a tenet with the market rents of the single family alone, than you have cost to rehab the garage to convert into ADU which is additional construction cost to "Hopefully" make 2.5-2.8k.. I can't see the numbers making sense on keeping this property. not including the pipe dream of doing the construction cost to add the 3rd ADU your even more in debt. idk I would've had to pass on this deal (Money Pit) too much negative equity/cashflow not really profitable in the long run.
The ADU will be finished for 70k (no debt just pay cash) and when rented I’ll make 1 k which is not a lot of money but to be cashflow positive in my market is a win
Really good job, but 2800 to live on a garage? Nah man
Rents are crazy!
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Dm me on IG @shane.homes
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