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Glad it was helpful!

Thanks for checking out our project! There are lots of ways to utilize the new regulations. If you want to check out more or schedule time, the website is going through maintenance but is still the best way to reach out. DotyCapitalGroup.com

Reasonable cost for a garage conversion is about $50k. Septic is the hardest part.

@kevinsamuelson5612. We’ll do another one in October when construction is complete…go to our website and join the email list so you don’t miss the next one! We’d be happy to have you attend… DotyCapitalGroup.com

We’re doing two more project tours in early October. Friday the 6th and again on Sat the 14th. Email me directly and I’ll send out details… Mark.Doty@DotyCapitalGroup.Com

92113 - what’s tour email? I’ll send the invite but don’t want to post to public. You can email me if you don’t want to post your email. mark.doty@dotycapitalgroup.com

I don’t know…maybe. It would depend on how you wanted to structure the project. Feel free to reach out through my website. DotyCapitalGroup.com

Yes, that’s the idea…it’s not easy to make the numbers work in markets like San Diego (without a large down payment) but if you add units, it’s easier to make the BRRRR work and keep cashflow positive. Thanks for the comment!

Gregory, I appreciate the question! Florida is the opposite of California and I don’t think I would invest here if I were in your shoes. We have high appreciation but the rent ratio throws off our cashflow numbers. Average SFR price point is $760k and 2-4 units sell for about $400k per unit. Average asking rent is $2300 per month throughout the county. Your ROI would really depend on how good a deal you got on the land and your construction costs.

Feel free to email me if you’d like to discuss… mark.doty@dotycapitalgroup.com

yep…its been fully occupied since completed.

This video was made in 2021…at the time $1700/month seemed like a stretch but totally reasonable now…

Hey John, yes we had to sign the affidavit and have options for which one we move into. The process is still underway and we did submit the building plans at the same time. The development office usually has some level of corrections and this project was no different. You have to plan for at least 9-12 months for approval.

Hi TT, thanks for the question! We find tenants for the MTR model on Furnished Finders and Air BNB. Both have worked for us!

Betty, thanks for the support and kind words! I’ll be looking to grow as we move into 2023 and will need support in acquisitions and in construction project management. If you’d like to discuss, maybe an email through my website would be a better format. Our website is DotyCapitalGroup.com

Good stuff. In option 3, how did you arrive at the unit count? Affordable ADU bonus or micro-unit density bonus? Thanks!

@@correycooper5353 Hi Correy, to do roughly 10 units, they would need to be micro units. Thanks for the question!

There is definitely a market for it! Good luck!

Thats California versus Texas…

It’s been a sticking point for me. I have a couple ideas but none that work across the board or that I want to publish online.

Hi Starheart, Thanks for the question…I think it might be possible to subdivide the units into separate parcels, but I haven’t done that. I would likely refi and turn it over to property management and hold for the long term.

@Shannon Hi Shannon, Thanks for your comment! I’m looking for projects like the one in this video and for investors who want to partner on similar deals. If you send me details on the project you are open to selling, I’d be happy to discuss it with you… My email is Mark.Doty@dotycapitalgroup.com

Thanks! Its been good to me so far!

Hey Jenuine, Thanks for asking! I think the easiest way is to join FB groups and either post that you’re looking for deals in those groups or wait for one of the wholesalers to post and then either reply or direct message them. It happens pretty quickly if you’re consistent over a few weeks…

Ha! Not the worst problem to have though!

Hi Jean-bean, the 2 bedrooms on this one were each about 10x10, then the kitchen and living room combined for roughly 10x18. Thanks for the question!

I’ve found a 95% LTV as pretty rare, so that’s awesome if you can actually achieve that level!

Zaid, hey thanks for commenting and watching the channel! Feel free to reach out. My cell is 858.204.2510. Text is probably best to schedule time to talk. -Mark

Hi Julio, thanks for your comment! send me a text if you’d like to talk…we can schedule time. -Mark 858.204.2510

The CA ADU Handbook is a good starting point, but then you’ll want to dig into local zoning regulations and building code. Here is the CA Handbook from Dec 2020 www.hcd.ca.gov/policy-research/docs/adu_december_2020_handbook.pdf

Thanks Guillermo!

Hey Richard! The old fashion way lasted to become “old fashioned” because it works!

Thanks! It was hard to visualize before we started but the model seems to work…

Hey Farukh, It’s tricky to get the volume right! Too soft and the video drones on a little…too loud and it overwhelms…its still a work in progress!

Thanks Gary! I’m just trying to get a little better each time!

@Robert Gonzalez. Thanks for the question! Not necessarily. The lot split is a component of the bill but not the only component. After building the units, you have the option to split the lot and sell separately, IF you record your intention to owner occupy one unit for at least three years.

This is just a silly youtube video…signing up for another job you’ll hate (for the next 20 years) sounds more soul crushing to me!

Thanks for your interest, but we just filled the unit…the ad is coming down shortly…

I think it’s a great opportunity, BUT I haven’t figured out how to work through the owner occupied component of it…