WS1767 Successful Investing in California With Accessory Dwelling Units | Shawn DiMartile

Dive into this captivating episode featuring Shawn DiMartile, the visionary co-founder of Takeoff Capital. From air traffic controller to triumphant real estate investor, his journey is a testament to resilience and strategic thinking. Discover his innovative approach to capitalizing on the San Diego real estate market, as he masterfully transforms modest two-bedroom homes into sprawling 13-unit apartment complexes.

DiMartile’s early investment experiences, his mentorship journey, and his emphasis on proactive action all serve as valuable lessons for anyone in the real estate industry.

We also delve into the multifaceted world of multifamily investing through accessory dwelling units (ADUs). DiMartile and his team adeptly leveraged alterations in the San Diego municipal code, adding bonus ADUs to amplify housing availability. Get an insider’s view into their current project: transforming a beach community house into a multi-unit residential haven.

In this insightful conversation, DiMartile divulges crucial advice on risk management and investor relations, emphasizing the need for transparent communication and setting clear expectations. He also gives us a glimpse of the cutting-edge tech tools he utilizes to streamline his business and personal life.

Whether you’re a seasoned real estate mogul or a budding investor, this episode is a treasure trove of practical tips and innovative strategies that can revolutionize your real estate investment game. Be ready to take notes!

Don’t miss a beat of Sean’s dynamic real estate journey. Follow him on Instagram shawn_ diMartile for behind-the-scenes looks, investment tips, and more. For deeper insights and resources, visit his website at Takeoff Capital . Stay connected and empower your real estate investment journey with Shawn DiMartile. Act now!

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About Shawn DiMartile:

Shawn DiMartile, the co-founder of Takeoff Capital, embarked on his real estate investment journey by liquidating his 401k to partner on a 32-unit property in Indiana. Within two years, he tripled its value and sold it for a significant profit. In 2021, he syndicated a 150-unit multifamily property, followed by a 145-unit property just two months later. Despite always wanting to invest in San Diego, low cap rates and stringent landlord-tenant laws initially made it challenging to generate substantial returns from value-add multifamily properties. However, this changed two years ago when San Diego introduced their bonus Accessory Dwelling Unit (ADU) program, enabling investors to build apartments on single-family lots. Consequently, Martell quit his full-time job as an air traffic controller and is now a full-time multifamily investor with over 300 units, a boutique hotel, and several Airbnbs under his belt.

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