It's been a long journey to get from purchasing our home that came with a vacant, detached workshop in the back to finally breaking ground on TWO ADUs (workshop conversion). And I've only been able to get to this point because of the team at Renofi, especially my point person Derron Pocci, who shepherded me through the financing part of the development.
We stretched ourselves to get into the property in the first place, but I knew that getting into this home and developing two ADUs would (will) be worth the investment in the end. But figuring out how to get from the beginning (purchasing the property) to the end (building out two cash flowing ADUs) was gonna be financially daunting and stressful because it needed to be based on the property's future value.
I'm so blessed to learn about Renofi's Renovation HELOC, which allowed me to open a HELOC on the FUTURE ARV (after renovation value) of the property, which means we were able to get a line of credit on a primary residence two ADUs, which was the difference in making the deal work for us.
Derron @ Renofi served as my guide, mentor, sometimes therapist when the projections were making me nauseous, advisor and confidante throughout the process. I can't thank him enough for his help in what will be the investment that creates generational wealth for my family. Appreciate you, sir! ~Julian, owner of Town Sunshine LLC