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!
What’s your situation Jennifer? Happy to strategize with you on how to make it happen, we can schedule some time to chat here: calendly.com/michaeljohaas/goals
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.
Hey RJ- shoot me a message (Michael.Haas@Compass.com) and we can talk more about Burien. It is a good market for DADU’s since they dropped the owner occupancy requirement a few years ago.
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?
Good question Jim, there are really only two conditions that need to be met to get a loan on the DADU: 1. The property has to be condoized if you want 2 separate loans, one on the DADU and one on the main house. 2. Like any conventional loan, the borrower needs to be qualified with a Debt-To-Income Ratio below 50%, a decent credit score, income history, etc.
did email you on that list as well @@househackseattle so far only thing I received is an automated email to set up a time to talk but no list etc...am I seeing it wrong?
Great info! I’ve reached out to schedule a call with you.
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!
Thanks for the kind words Bradley, hope the content keeps being useful!
Super Insightful! Great video!
Glad it was helpful!
Great video, Michael!!
Thank you Umesh 🙏
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!
You’re crushing it William, keep it up and let us know how it goes!
Let's goooo!!!! 🔥
Appreciate your help my friend! We’ll talk more about what’s next later this month once we get organized.
very informative and helpful
Ugh. None of these options work for me
What’s your situation Jennifer? Happy to strategize with you on how to make it happen, we can schedule some time to chat here: calendly.com/michaeljohaas/goals
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.
Hey RJ- shoot me a message (Michael.Haas@Compass.com) and we can talk more about Burien. It is a good market for DADU’s since they dropped the owner occupancy requirement a few years ago.
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?
Good question Jim, there are really only two conditions that need to be met to get a loan on the DADU:
1. The property has to be condoized if you want 2 separate loans, one on the DADU and one on the main house.
2. Like any conventional loan, the borrower needs to be qualified with a Debt-To-Income Ratio below 50%, a decent credit score, income history, etc.
Do you have any lenders in Seattle who are willing to finance a construction loan for a dadu project?
Yes we do! Please email me at michael.haas@compass.com and I will send you the full list.
Yes we have a list- email me at michael.haas@compass.com and I’ll send it over @156Indy!
did email you on that list as well @@househackseattle so far only thing I received is an automated email to set up a time to talk but no list etc...am I seeing it wrong?