EP404 Profiting from Accessory Dwelling Units (ADUs) with Shawn DiMartile

Recently, the city of San Diego, California implemented a new program to help increase housing stock and affordability. They created a bonus accessory dwelling unit, or ADU, program that allows investors to build 10, 20, 30 or more units where a single-family home existed before. My guest today sees this program as a ‘pot of gold’ for real estate investors, and he’s going to share how he’s been leveraging this program to create new profit streams for himself and his investors. Shawn DiMartile is the co-founder of Takeoff Capital, a private equity firm with over $50 million in assets under managements spread across 300 units. Today Shawn discusses the important ways in which ADUs can help increase housing stock, how San Diego has made ADUs a priority, and how he and his investors have been leveraging this strategy in their portfolio. Find out more: Instagram: @shawn_dimartile Website: www.investorshawn.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com