In this episode, Josiah interviews James Dainard, host of the BiggerPockets On the Market show and serial real estate deal maker. James shares his story of building his business with multiple streams of income and also explains how to create value by adding an ADU (accessory dwelling unit) to your property.
ADUs are a great way to improve your home with a second unit, such as a living quarters, garage apartment, or flex office space. By adding an ADU to your property, you can increase its value, income producing ability, and make it more attractive to potential buyers.
Whether you're a first-time homeowner or an experienced real estate investor, this video is a great way to learn about ADUs and how to drive value with them. Watch and learn, and then go out and start driving value with your ADU!
Please leave me a 5 star review if you feel the show brought you value and share the episode with your friends.
*******Connect with Josiah: *******
YouTube Channel - Josiah Smelser -
https://www.youtube.com/@TheJosiahSmelserShow
Follow Josiah Smelser on Instagram - https://www.instagram.com/dailyrealestateinvestor
Josiah’s Book 'Dream It and Build It' on Amazon: https://a.co/d/f7MbrMP
Josiah's Interviews on BiggerPockets & Other Social Links: linktr.ee/jsmelser
*******Connect with James: *******
Follow James Dainard on Instagram: https://www.instagram.com/jdainflips
BiggerPockets On the Market show - https://www.youtube.com/@BPOnTheMarket
Chapters:
00:00 Introduction
02:19 Jame's Investing Journey
04:38 James & Bigger Pockets
06:13 Power of Social Media
08:45 Building His Business
11:40 2008
12:55 Multiple Streams of Income
14:35 1000 Doors
18:30 State of Commercial Real Estate in Seattle
21:10 ADUs Drive Value
24:31 How to Find a Lot to Build an ADU
26:40 Building a Detached ADU
28:52 ADU Best & Worst Case Scenarios
31:48 Feasibility Study on Adding an ADU
33:48 Batting Average on ADU Strategy
35:32 Importance of Margin of Safety
36:56 Where is the Market Going?
39:00 How to Connect with James
#realestateinvesting #adu #biggerpockets