MB372: ADUs as a Steppingstone to Multifamily Investing – With Derek Sherrell

Are you interested in multifamily investing but overwhelmed by the prospect of buying an entire apartment building?What if you could dip your toe in the water with accessory dwelling units or ADUs?The ADU strategy involves either converting a SFH into multiple units or building standalone, detached units on a single family lot.After several years of building ADUs for clients and friends, Derek Sherrell decided to leverage those skills into developing projects that would help him gain financial independence.Two decades later, Derek is the real estate investor behind That ADU Guy. His platform teaches the strategy to help others earn passive income and address the affordable housing crisis at the same time.On this episode of Financial Freedom with Real Estate Investing, Derek joins me to discuss the different categories of accessory dwelling units you might consider, convertible ADUs versus standalone, detached units.Derek walks us through the process for getting permission to build accessory dwelling units, explaining why everyone should consider building an ADU at their primary residence and how to get financing for such a project.Listen in for Derek’s insight on the profitability of building accessory dwelling units and find out if ADUs are the right steppingstone into YOUR multifamily investing career!For full episode show notes visit: https://themichaelblank.com/podcasts/session372/