The “Hack” That Turns Your Boring Rental Into a Money-Making Machine | Bigger Pockets Video

Episode #591

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Wish you could get more income out of your rental property? Then we’ve got the perfect investing strategy for you in today’s episode. It gives you another income stream, instantly increases your property’s value, and according to today’s expert, it’s even easier than making renovations. We’re talking about ADUs (accessory dwelling units) and their detached counterparts, DADUs!

Welcome back to the “Real Estate Rookie” podcast! Leka Devatha has created hundreds of thousands in added value just by building ADUs and DADUs on her existing properties, and YOU can do the same. You don’t need to bring more money to the closing table or know the ins and outs of new construction. This is a strategy any rookie can follow, as long as you surround yourself with the right people!

In this episode, Leka will share everything you need to know to transform regular lots and single-family homes into income-producing goldmines. You’ll learn how to identify the right markets, lots, and properties for this strategy, and how to work with your local city or county to get your new build underway. But that’s not all. Leka will even show you the easiest type of ADU any rookie investor can build and some critical mistakes to avoid!

00:00 Intro
01:19 Why DADUs?
05:54 Funding Your Project
10:30 Sponsor: Baselane!
11:28 Lot Types & Red Flags
18:05 Building Your Team
23:00 How to Get Started
26:50 Must-Have Amenities
29:50 Rookie-Friendly Conversions
34:28 Connect with Leka!