Part 2 - Building an Accessory Dwelling Unit w/ Tom Mulhern ( Ep 91)

In this final part of a two-part episode, we continue our discussion about the ins and outs of building Accessory Dwelling Units (ADUs) which are becoming increasingly popular in backyards as extra living space for extended family, overnight guests, or as a way to generate rental income. Tom Mulhern, co-founder of AzADU, joins us to break down the real numbers behind building an ADU, explore financing options, and common surprises that pop up during construction. With rising home prices and changing family needs, ADUs are gaining traction as a versatile, value-adding alternative in residential real estate. If you’re curious about expanding your living space, investing in multi-generational housing, or eyeing ADUs for rental income and long-term value, this episode is a can’t-miss.Three Key Takeaways:Financing ADUs Requires Creativity: Most homeowners opt for HELOCs, cash savings, or funds from family home sales; traditional construction loans are less popular due to complexity.Expect the Unexpected: Installing an ADU can come with surprises—think abandoned septic tanks or tough utility connections. Working with experienced builders who anticipate surprises is crucial!Legal Landscape is Evolving: Recent changes to state laws make it easier to build ADUs, but every lot and municipality has its quirks. Work with local experts to navigate zoning, setbacks, and building codes.Learn more about AzADU’s floor plans, standard features, and cost breakdowns, or for personal consultation with Tom Mulhern and his team: https://www.az-adu.com/Take the quiz - How Alternative Assets Can Fit in Your Portfolio Ready for the next step?Subscribe to the Podcast: pod.link/1671924778Don't forget to leave a review!Follow Michelle for more financial tips:YouTube: youtube.com/@theunconventionalinvestor Facebook: facebook.com/theunconventionalinvestorpodcastInstagram: instagram.com/michelle.e.moses Website: www.mefinancial.netDisclaimer:The information discussed in this podcast is for educational and informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, investments, or financial instruments. Private placements and alternative investments are speculative and involve significant risks, including the potential loss of your entire investment. These investments are often illiquid, meaning they may not be easily sold or converted to cash, and investors should be prepared to hold them for an extended period of time. These opportunities are typically suitable only for accredited investors and may not be appropriate for all listeners. Always consult with a qualified financial advisor, attorney, or tax professional before making any investment decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.