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The BetterLife Podcast: Wealth | Real Estate Investing | Life

How This Investor Earns $2,600/Month from a Single ADU | Ep. 100 w/ Stephanie Gutierrez

The BetterLife Podcast: Wealth | Real Estate Investing | Life

Brandon Turner & Cam Cathcart

House Flipping, Multifamily, Real Estate, Wealth, Investing, Business, Real Estate Investing, Self-development, Entrepreneurship, Rental Properties, Health

4.8767 Ratings

🗓️ 29 November 2024

⏱️ 27 minutes

🧾️ Download transcript

Summary

🏠 JOIN MY FREE 5-DAY DEAL ANALYSIS CHALLENGE 

https://go.abetterlife.com/deal-analysis-challenge_pod


🧔‍♂️ WHO AM I? 

Our names are Brandon Turner and Cam Cathcart! We teach people how to BUILD WEALTH WITHOUT LOSING THEIR SOUL through real estate investing!


1️⃣ WANT TO GET YOUR FIRST DEAL? 

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📈 WANT TO SCALE YOUR EXISTING PORTFOLIO? 

https://go.abetterlife.com/betterlife_tribe_pod


🔁 WANT TO LEARN HOW TO FLIP HOMES? 

https://go.abetterlife.com/dealflow_pod


🤝 CONNECT WITH ME ON INSTAGRAM 

https://go.abetterlife.com/@beardybrandon_ig_pod


👋 CONNECT WITH CAM ON INSTAGRAM 

https://go.abetterlife.com/@cam_cathcart_ig_pod


🙌 CONNECT WITH STEPHANIE ON INSTAGRAM 

https://www.instagram.com/stephsellsadus


📱 JOIN MY WEEKLY TEXTLETTER 

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📚 READ ONE OF MY BOOKS 

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🙏 SPONSORS 

HireTrainVA.com - Hiring my first Virtual Assistant LITERALLY 10x'ed my productivity! But it can be intimidating to try and post an international job ad, conduct interviews, and train somebody. That's where https://go.abetterlife.com/hiretrainva_pod comes in! They'll handle it all - start to finish! Plus, tell them we sent you and you'll get 10% off!


🎥 DESCRIPTION 

In this CashFlow Friday edition of The BetterLife Podcast, Brandon Turner and Cam Cathcart sit down with ADU expert Stephanie Gutierrez to uncover the secrets of transforming properties with Accessory Dwelling Units. Learn how ADUs can boost cash flow, solve housing challenges, and unlock new opportunities in competitive markets like Southern California.

In this episode, we also talk about:
• What makes ADUs a must-know investment strategy.
• Creative ways to fund and build ADUs.
• Why midterm rentals outperform traditional leases.
• Key tips for navigating zoning and permits.
• and SO much more!


❌ DISCLAIMER

https://go.abetterlife.com/disclaimer_pod


Transcript

Click on a timestamp to play from that location

0:00.0

How can I buy this, let's say, corner lot and add an ADU to it, maybe two, maybe three,

0:05.9

depending on, you know, the zoning.

0:07.9

And now you're adding more doors, which will then increase your cash flow and then help

0:12.6

you offset other expenses.

0:14.1

But that's the only way that people are able to tap into Southern California, which is why I think

0:18.6

it's the greatest play.

0:19.9

I call it the A&E Play. Hey, this is the Better Life it's the greatest play. I call it the agency play.

0:21.4

Hey, this is the Better Life podcast with Brandon Turner and Cam Cathcart. This is a special

0:24.8

Friday episode we call Cashflow Fridays where we interview people on one specific investment

0:29.7

strategy that produces phenomenal cash flow in this market. This show is meant to be short,

0:34.3

sweet to the point so you can implement it right away into your life.

0:37.8

Without further ado, let's get to the episode.

0:40.3

You know, one of the hardest lessons I've learned in building my real estate business is this.

0:43.8

I can't do everything on my own.

0:45.5

And trust me, I have tried.

0:46.9

I was that guy wearing all the hats, acquisition, property management, marketing.

0:50.3

I haven't tried my hand at bookkeeping, which by the way is not a great idea. It was not until I embraced the art of delegation that things really started to take off from me. I actually remember hiring my very first virtual assistant. And then I realized right away, why did I wait so long to do this? And honestly, I was amazed at how great they were. They're better than me at most things they did. And in fact, that first VA still with me

1:11.1

today, 10 years later. Now, suddenly I had time to focus on bigger picture things, scaling the

1:14.9

business, finding more deals, and honestly spending more time with the family. And that is why I'm

1:19.5

excited to tell you about our sponsor today, hire trainva.com. So these guys have cracked

1:24.6

the code on finding top tier virtual assistance for the real estate investing world.

1:29.9

They go through a brutal selection process.

...

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