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Accessory Dwelling Units (“ADU”). Until recently, a house with a garage was just a house with a garage. But no more! Thanks to the housing crisis, it’s a Brave New World! With the passage of Senate Bills 9 and 10, you can now construct 2-3-4 units on your land for more rental income. (And 10 units if your property is near a transportation hub.) This is great news for real estate investors like you and me. To learn more about these incredible new opportunities, be sure to attend the Los Angeles County Real Estate Investors Association meeting on Thursday night, August 10, 2023 (6:30 to 9:30 pm). I guarantee after this presentation, you will never value a potential property the same way again.
Special Guest Speaker. Seth Phillips is the founder of “ADU Gold” and is considered “California’s Leading Expert on ADUs.” Seth has been a licensed broker/agent for over 30 years. He brings 13 years of real estate development expertise, having renovated over 1,200 homes. Plus, he is the founder of “The ADU Development” group with over 730 members. Join Seth (“Mr. ADU”) as he discusses the benefits of Senate Bills 9 and 10, and how you can easily improve your rental income by building more units on your property.
Property owners must take advantage of Senate Bill 9! Seth will be covering this new law that allows property owners to add up to three rental units to their single-family residence. That's right! State law now allows you to increase the number of rental units on your property with very few restrictions. Under the new “ADU Law,” owners may add three new rental units (in addition to existing SFR) regardless of square footage. This legislation gives real estate investors a new tool to create much-needed housing while at the same time creating great opportunities to accumulate new wealth by “optimizing an asset” you already own or want to buy. At Seth’s presentation, you will learn how to…
* Convert garages, laundry and storage rooms into ADUs.
* Double, triple, or more, your multifamily rental income.
* Learn how Senate Bills 9 and 10 help your properties & income.
* Generate income with triplexes and four-plexes.
* Learn the “step-by-step ADU process.”
* Construct ADUs for any of your properties.
Date: Thursday night, August 10, 2023
Location: Iman Cultural Center, 3376 Motor Avenue (between National & Palms), Los Angeles, CA 90034.
Parking (Iman Cultural Center). If there is no available metered street parking when you arrive, there are two FREE parking structures just two blocks away. The first structure is at the northeast corner of Motor and Palms. The second structure is at the northeast corner of Motor and National. From either lot it’s short two block walk to the Iman.
Free Admission: Admission to our monthly meetings is always FREE (COMPLIMENTARY), but reservations are recommended.
RSVP: To register, press the red button “Register Here” located directly below the Seth Phillips flyer on our homepage (www.LARealEstateInvestors.com).
LAC-REIA. Founded in 1996, Los Angeles County Real Estate Investors Association is the oldest and largest investor group in California. Our group helps people invest in real estate by offering (1) education, (2) networking, and (3) mentoring. If you need help with any of our services, please let us know.
