MFREE 070 Full Video with Jonathan Mitchell: How to Maximize Your Real Estate?

What Do You Do for Fun? Jonathan Mitchell, our guest, dives into his love for diving, exercising, snowboarding, and attending sports games. He even enjoys cracking jokes and living life to the fullest! 🌊🏋️‍♂️🏂

Game-Changing Opportunity Jonathan shares how starting in cell phone sales was a game-changer for him. Learning about commission-based opportunities sparked his journey into real estate and entrepreneurship. 📱💼

Communication Tip Be direct and use humor. Jonathan emphasizes living authentically, being happy, and talking to people openly. 😄🗣️

Wish I Understood Earlier Jonathan reflects on the importance of getting mentors earlier in his career. He stresses finding genuine mentors who truly care about your growth. 🧠🤝

Attribute Success Gratitude is key. Jonathan feels blessed for his abilities, tenacity, and the support from others throughout his journey. 🙏✨

ADUs and Real Estate Investment Discover how Jonathan, a commercial and residential real estate investor, helps homeowners turn single-family homes into multifamily properties through ADUs (Accessory Dwelling Units). Learn about the benefits, challenges, and steps involved in this exciting investment strategy. 🏠🔨

Curious to learn more? Watch the full video to get inspired and gain valuable insights into maximizing your real estate investments! 🌟🎥

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Thank you to all of our listeners!!! We would love to hear from you!!!

Email me at:
hutch@hsquaredcapital.com

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Transcript

Sir Hutch: 0:04

Wah gwan, all you multifamily enthusiast! I'm Shelon Hutchison, also known as Hutch, the Marine Investor. And today I want to talk to you about something special. Reason being, I tell you that season three is going to be about our military veterans. But one of the things that we notice is that our military veterans, they power down more, align more with single family residents. As you go from duty station to duty station, you buy a property, fix it up, and then you rent it whenever you leave and move on to next duty station. Now, what we want to talk about today is how we can maximize the real estate space that you have purchased. And the question we'll ask today, how do you turn your single family home into a multifamily property? And our guest today. He is a commercial and residential real estate investor, a developer, and a builder, a serial entrepreneur with a passion for people, community, and bringing projects to fruition based out of San Diego, California, with his office located in Little Italy, a small sub suburb near downtown San Diego. He's the managing member of ADU Pals, a company with a vision to help the world. Every day, homeowner and investors create cashflow by using their backyard. So Mr. Jonathan Mitchell, thank you for joining us today, brother.

JONATHAN MITCHE: 1:24

Thank you for that intro Hutch. Good to be here, man. Aloha.

Sir Hutch: 1:27

So real quick, man, do you have a favorite real estate quote or mantra that drives you?

JONATHAN MITCHE: 1:33

Yeah, I do. It's from Joe. Who's actually. a a character on the office. She's the one who owned Sabre who bought Dunder Mifflin. She says, I don't like to tell men what to do with their money, but if you're not investing in real estate, or you're dumber than a dummy, something like that. But yes, it's it's pretty hilarious.

Sir Hutch: 1:55

Yeah. Knowledge speak, man. A lot of folks don't like to be, don't like to be sold, but I think a lot of us, man when we seeking and we hear that good information, we'll definitely cling onto it. Then we'll find it to be useful. And that reminds me of a quote that says, when the mind is open to the possibility, then our eyes will be, our eyes and ears will be open to the opportunities. So that's good. You don't tell people what to do, but if you're not investing in real estate, dumb and dumb, like a man.

JONATHAN MITCHE: 2:21

Yeah. You're dumber than a dummy. Yeah.

Sir Hutch: 2:24

So Jonathan, can you tell our audience a little bit more about you as a person? You and I had a beautiful conversation recently about being a man and being a father, being a husband, all that good stuff, can you tell the audience a little bit more about yourself?

JONATHAN MITCHE: 2:38

Yeah. Born and raised in San Diego. Grew up pretty poor grew up on section welfare. I've said that before. Yeah, man, but I was taught very early, the things in life that matter the most is not actually money. It is people it's giving, it's being accountable. All those things are the most important being kind. And I grew into, my career, but yeah, traveled a bit. I've been in 45 countries, lived in Europe. Avid scuba diver. I love diving with sharks and dove with dolphins, Fiji French Polynesia all over the world, Hawaii many times in Hawaii. And I love to dive. I dove some cave diving down in Tulum. But yeah, man, three kids. To take them traveling. We go to national parks and all that kind of stuff. To see the world. And in addition to that, I'm an avid learner, so I read nonstop. I'm always talking to people who are smarter than me. To learn and glean information from them and and grow man. Yeah, I started a company a while back. And always been in sales and marketing and learned how to knock doors and and grew a company from the ground up at 108 employees at the beginning or at the end. And we did 33 million. We did 120 million over eight years. And when I started that company, I didn't know how to read a balance sheet. Didn't know how to read a P and L man. Just just grind and a little luck was a really good emerging market. Solar. So yeah, man, love business, love real estate and I love meeting people and collabing and chopping it up and making stuff happen, dude.

Sir Hutch: 4:09

That's good, man. I appreciate it, man. I can't see him. I go diving with sharks and all that good stuff, but I do going to the beach every now and then with the family. I watch my kid, watch my boy my youngest son, all the kids bodyboarding, riding those waves, as I sit and relax them. I like, I prefer to overwatch, portion of it. Sure. That's fair. All right. That's me though. The, we're going to dive down into the question we asked today is how do you turn your single family home into a multifamily properties? And, there's a little known secrets that a lot of people are not really maximizing or using, because when you think about it, a lot of folks are looking at single family home as, they're part of the American dream, and what I'm advocating to people is look at every single piece of real estate that you're going to purchase as an investment. How can you create and maximize the revenue for this property to turn it from a liability into a asset? And I think we all know the difference between assets and liability. One, take money out of your pocket and. Asset put money into your pocket on a monthly basis, so you have a unique niche that you focus on with this acronym ADU. What is an ADU So you want to look at every property as an investment. And the way we do in that is by focusing on how can you create some income from this property? And this way you go from turning your liability. Into an asset. Of course, we all know the difference, right? Liabilities take money out of your pockets while asset put money in your pockets on a monthly basis. Jonathan, you focus on a niche that help homeowners to turn their, at the liability into an asset via the ADU, right? It's an acronym. And even though as a military guy, I like acronyms, right? Can you explain to our listeners what is an ADU?

JONATHAN MITCHE: 6:01

Yeah. So great question, Hutch. An ADU stands for accessory dwelling unit. Some people know them as granny flats. You could think of your home as the SFR single family residence. And then in the back, if you have, let's say a duplex, that second unit would be the A DU. But it's not technically a duplex. It would be an SFR with an ADU, an accessory dwelling unit. So accessories meaning, you have your outfit and then you have your accessories, which would be your earrings, your watch, all the things that you do as an accessory to your standard outfit. That unit becomes an accessory to your standard SFR, and then you can obviously build that up from the ground, or you can convert that from your garage or an existing unit and then you can create cash flow from your property, which you're already using. Which we love it. Just a little bit of background on that 2019 the governor at the time came out and basically said, we're going to pass a law in the state of California that requires cities, AHJs to allow you to build ADUs. So the standard ADU law allows for two. So one. ADU, whether it's detached or attached to your home, and then you can convert an existing part, usually the garage. So two ADUs, but in San Diego, which we'll get into it here in a little bit they leaned in really hard to this law. And we we love it and we are reaping the benefits of it. And we want to share with others as well.

Sir Hutch: 7:33

That is good. That's good. So I do own a property in San Diego and that's one of the things that we definitely have considered. So what intrigued you to actually going down this venture as far as I'm helping all homeowners turning the single family into multifamily via the ADU concept?

JONATHAN MITCHE: 7:51

Yeah, I love real estate, man. I know it sounds cliche, but it's true. I started a company in 2016 a solar company grew that one pretty big, like I was telling you had 108 employees we did 33 million, our biggest year. But I started investing in real estate, man. And bought a property built an ADU and the real main thing though, Hutch is It's really expensive to live in Southern California.

Sir Hutch: 8:17

It is.

JONATHAN MITCHE: 8:18

And it's hard to find cash flowing assets. We hear this all the time. People invest in blue States. They invest in Carolina. They invest in Idaho. They invest in Kansas and Kentucky and all these other places, because it's easier to create cashflow where you live in Hawaii and where you did live in San Diego and Southern California, it's hard to create cashflow. So me being a problem solver, I'm like how do I solve this problem? There is a way to solve and it's to build. Because if you can control the entry and the exit and all the touch points in between, this is my thinking you can make it work. Now, is there inherently going to be more risk? Yes. Is there inherently going to be a much heavier lift? Yes. It's taken me years and years to build my team, to understand these laws, to have enough people to be able to make this work. But that was the reasoning in my mind that she was like, I want to own real estate in San Diego. It's too expensive to buy. All the fixers have 25 offers day one. I'm never going to get one of these properties and then it's going to be too expensive. Even if I can rehab it, I'm not going to be able to cashflow it. I have to solve for this and the solve is buy low, add value, add density. Now I have enough equity where I can cashflow.

Sir Hutch: 9:37

Oh man. So do I have to be a developer or a builder and what is the difference to actually get ADU on my property?

JONATHAN MITCHE: 9:46

Yeah. So a lot of people think of developer and builder are the same, but they are not. A developer is someone that comes before the builder. Now a developer and builder can be the same person or company entity. But often they are not. So if you think of like really big builders like Lenar or KB homes, usually a developer will come in before and look at a piece of property and then get it entitled. And what that entitlement is you're going through a bunch of checkpoints and red tape in order to get the city to give you a map a final map is what it's called to be able to build. So if you think of, let's say you have 100 acres. It's just dirt. So we'll go in there and say, okay, I want to take this 100 acres. I'm going to develop this property and I'm going to build 100 homes. One acre each. It's agricultural land, let's call it. What does that look like? So they have to go in, they have to start getting maps, they have to start doing topography, they have to start doing soil testing, they have to do all these things, grading sometimes to get this thing ready, and then they plot it out. They have to talk about curbs and gutters, streets, infrastructure, utilities, all these things the developer is doing. Way before the builder gets in to build and then they will go through that process, get the final map approval, get all this, these boxes checked from civil engineering and then the city. And then they'll, some say, sometimes say, Hey, look, I have a hundred acres, a hundred homes. It's ready. It's entitled. Here you go, Lenar. Give me, whatever amount of money. And that's the way it works.

Sir Hutch: 11:22

And that is a builder

JONATHAN MITCHE: 11:23

goes and builds.

Sir Hutch: 11:24

Yeah, that makes sense. So the developer, that is a way where people who are focused on buying land can maximize their their investments by only focusing on the horizontal and giving it to a a builder to actually go vertical, that's right. And I explained

JONATHAN MITCHE: 11:40

it as simply as I could, because people understand but developers develop all kinds of things, right? They develop. Baseball stadiums, soccer stadiums, they develop a multifamily, they develop, your local Rite Aid, Walmart retail, all these shopping centers. Someone comes in and says, and then obviously the city has what they call they have basically what they want the city to look like. They have an outline in their mind,

Sir Hutch: 12:02

different zonings. Yeah.

JONATHAN MITCHE: 12:04

Yeah. They have different zones. And they have, Basically, they, they understand what they want the city to look like, where they want shopping, where they want commerce, where they want restaurants, where they want people to live. And the developer has to work with the city oftentimes, those are the meetings that are the closed door meetings that, we see in the movies and all that kind of stuff, but all that stuff is going on. And then, yeah, you have builders that come in, oftentimes. And build. So yeah, breaking it down to where we live. Go ahead.

Sir Hutch: 12:31

Yes, sir. So with that concept, right? You don't have to be a developer or a builder to actually have an ADU constructed in your, in, in, in your yard or in your backyard. So what do you see is the benefits for adding the ADU to a property in terms of financial gain and lifestyle improvements for a homeowner?

JONATHAN MITCHE: 12:50

Yeah. And that's the beauty of this, right? A lot of people I know have dreamed of being a developer. A lot of men I know, a lot of women I know. People like Cashflow. They like seeing new construction. They like commerce. They like their cities and their towns looking better. But generally if you have land in your backyard front yard, that is being wasted, or your garage is just filled with boxes, you can turn that into money. And you can become a developer. Yourself, you already own the land, the property. So you don't have to do that work. All that pre development has already been done in order to get that structure that you live in there. So there's all that red tape has already been cut and walked through, now you get to do an easier portion of development, but you also get to be a developer and you get to create something from nothing that will pay you, and that's the beauty of this country. And that's the beauty of this this program and opportunity that we have.

Sir Hutch: 13:45

Yeah. When I was a director of the corpus course on, on the West coast, I was one of our Marines. I was spilling a water bottle outside, cause I needed water, but I think I need it for sunflower seed or something. And she was like, gunnery sergeant, if you're going to spill water, feed a tree, so you talk about this land that we have in our backyard, it is just there to look at how can we ensure that that property, that land generates us some kind of cashflow. And of course, the cashflow would help us to improve our living condition, right? And I said earlier, as far as everyone should be looking at a piece of real estate as an investment. Now, what are some of the common misconception or challenges homeowner face when considering ADU?

JONATHAN MITCHE: 14:25

Yeah. Number one, it's daunting. Some of the biggest fear triggers that we have as humans is the fear of the unknown. So we just, we don't understand development. What's this going to cost? How am I going to get money for it? People are afraid, if they're living paycheck to paycheck, barely paying their bills, how am I going to afford to have, this new structure built? What's it going to look like? What if the contractor doesn't perform? What if the city, doesn't give me my permit? All of these things can be. A challenge for people, but that's why we're here to help. We help with the design. We help with the engineering, we help with the permit process all the way through the city where we have contacts, and then we've been building. We've been builders for many years. My COO, built an entire construction company and sold it himself. And I, had an a license, a B C 10 general engineering general construction. Electrical contracting and roofing contract license. So we understand the building process and we walk our customers through the process hand in hand, soup to nuts. And we're always here. Yeah, the common misconceptions are and the other thing we deal with sometimes too much is people are thinking about it, and then they say, okay, I want it. And then they're like, nah, I want it now. So it takes time, right? It's not like going to Walmart, and picking up a new toothbrush. You're building something that was not there before. Now we are cutting those timelines as quickly as we possibly can through, our process and our connections and, our our understanding and experience, but it does take time to build new structures.

Sir Hutch: 15:54

Yeah, totally got you, man. That leads me to my next question, right? As far as getting started with an ADU what are some of the, what are the first step that a homeowner should consider when building an ADU? So they have the property, they have the house, they have the land in the back, and they now are aware, because they listened to this podcast episode, that they can build a accessory dwelling unit in their backyard, right? So what are the first steps for a homeowner considering building an ADU? And what are some factors that they should consider before moving forward with the project?

JONATHAN MITCHE: 16:24

Yeah, good question. Number one would be. What's the purpose? And I always ask people, what, why do you want to build an ADU? Because your neighbor did, because your uncle did, but there's often the reason, and I want to understand that reason. So you have some parents or grandparents that are getting older and they need a place to live. You want to create cash flow so you can go on trips and you can have your property making you while you're doing those other things, playing golf, going to watch your kids grow up all those things, your property could be making you money so that's one reason. Another reason would be because, your kids are getting older, coming back from college or you want to move into the ADU and rent out the front unit. I see that a lot too. So there's a lot of different factors why people want to do this, so I want to understand that why, and I want them to understand that why. That way I can back into, okay, if you want to create this cash flow, you have to understand that there will be some output before you get that return. That's what investing is. If it was just I get nothing, I get something for nothing. We'd all do it. And that's not how it works. You have to put out something to get something back in investing. So I want my customers to understand that. And our clients understand that as well. But yeah we do what's called a PPR, a property potential report Hutch, which basically breaks down the zoning where they are. The size of their lot. What's existing on that lot. Anything that we think potentially could be problematic as far as utilities, whether they're on septic, we go over the entire scope of the property and we figure out what they're allowed to build in max and what we think is optimal for them to build. Based on their property and based on their goals. That's called a PPR, a property potential report. And we go over that. You get a one hour consultation, depending on where you are. We charge anywhere from 750 to 1, 200 for those. And you get an hour long consultation included with us to go over that. And then from there once you understand and you're comfortable, you can ask as many questions as you want. From there we move into the design build phase. So then we will design that product with you with our engineers. We'll have a certain layout. We'll have a certain set of plans. And then we'll submit those to the city and then we build. So that's generally what it looks like. It's really broken down into three phases. What can I do and why do I want to do it? This is what it looks like in phase two, when I design this actual thing I'm going to do, and then phase three,

Sir Hutch: 18:48

build that thing, man. So let's dive into that a little bit more, right? We talk about it, the PPR, right? So we're talking about height setback, slope, and a couple of different things. As you go through the, that permits and what are some of the unique challenges that yourself and the owner will face for the process.

JONATHAN MITCHE: 19:08

Yeah. So there are some tricks to the trade. But basically when you build a certain square footage, when you build to a certain height, when you build to a certain unit count. Certain setbacks, certain areas you can mitigate some risk. And there are new people getting into this this industry that don't understand that, right? So like in San Diego, I'll give you one. For instance. If you build a 750 square foot ADU, you mitigate against some impact fees. But if you go to 7 51 or 800 square feet. You now have those impact fees. So imagine you as a homeowner going with a company that didn't know that. So you're going to get an extra let's say 25 square feet you went to 775 and you have to pay a certain amount of money and have additional plan checkers checking your plans which could potentially tie you up and take longer and all you had to do was drop down a little bit. To mitigate all that risk. So we have a lot of those tricks of the trade. But yeah, like you said, height setbacks door count easements egress entry exits. We look for certain areas where there's alleys, when we are investing ourselves, when it's a homeowner, we're working with what they already have. But we're building that again, based on what their goal is. Our expertise and we're marrying those two. We're guiding them all the way through and trying to achieve their goal, but also checking the box with the city and our guys. And so then, yeah some properties, you're going to have to do soil testing. Some properties you're not, it varies a lot. That's why it is development. And that's why you need an expert. If it's not us, it's someone else, but you need someone who knows what they're doing. And the cool thing about this though, Hutch, this is the best part. Once you do this. Just like me, you'll become addicted to it. Anyone who's ever bought real estate knows what I'm talking about. Once you buy a piece of real estate, sometimes it's a heavy lift, but when you go, you get to the other side, you're like, I want to do that again. And I want to do it again. And I wanted to do it again. So once you develop and build, you're going to be the coolest guy in the room. I'm just telling you right now, you're going to go to your country club. You're going to go to your church. You're going to go to your outing, your poker game, whatever you're doing. And you're going to have developed and built something and that feeling you just want to do it again. And then again, you can, this is real estate, right? So the property value, this is another point I want to make the property value in California is already so high. But it's being wasted. So you get appreciation as well. And a lot of people, steer clear of that because, there's a lot of investors that and capital raisers and operators that, cashflow more than appreciation. I don't, I love appreciation. I love it. If I could build something and when I'm done, I take that piece of dirt and I've doubled its value or tripled its value. I'm going to do that as many times as I can.

Sir Hutch: 22:06

Yeah. I think the difference though, your idea or your understanding of appreciation differs from the people who are buying a single family home for the longterm, hoping that it just appreciate by itself. So what you're talking about, you're talking about Force appreciation. You actually add in value to the property. So I want your listeners to not misunderstand that. So force appreciation is a way you go into whether you're buying a single family home or multifamily properties and you're going in and you're making the interior and the exterior of the property look better and more attractive to a renter or to the intended buyer. In this case, you are actually. Add in an additional unit in some cases with his own private entrance, right? That gives yourself the security and also the people who are living in the ADU the security and the feeling of living in a home as well.

JONATHAN MITCHE: 22:54

So Hutch, the point I want to clarify, and there is always some sword crossing when it comes to this as investors and all that. I think investing is great no matter how you want to do it. I want to be clear there. I think everyone should invest in American real estate. The point I want to make is you have a property already. Let's say that property is worth a million dollars in San Diego, and it's on a 5, 000 square foot lot. Your property, let's say is 2, 500 square feet. That means you have 2, 500 square feet of available Land that is not being used, but the value of that entire property is a million dollars. So what's the value of that 2500 square feet? That's not being used in the back that dirt. Now, if you could build something and like you're saying, this is forcing appreciation. You could maybe take that property and build that. Let's say you build it. I'm just going to throw out a number. Let's say you build an ADU for 500, 000. Okay. But then you force that appreciation. So then that million dollar property. You put in 500, 000 to build that ADU, but now you have an additional unit. So then you can go down the road of traditional NOI, cashflow, the valuation, and then the resale value of that. So you become essentially. A developer and a builder and yeah, it's different. So this is our goal. Okay. This is what we do as investors. And this is where I love to talk about too, not just our customer facing arm of our company, which is our bread and butter, but us as investors what we do is we find a piece of property. Okay. That is distressed. Or under market. So let's say that market, the average property is a million dollars. We'll find one for 900, 000. Okay. Through our network, we have a tremendous amount of deal flow in Southern California. We'll buy that property for 900, 000. We will rehab that property. Sometimes we will split that unit into two. So we already have an SFR and now we have two units and we're forcing appreciation from the onset as well. So let's say now that property is worth a million and 50. Okay. Then we will force additional appreciation to your point by density adding. So we bought a property about a month ago. We will be done with the rehab by the end of next week. We're going to be splitting the front unit into two units, converting the back garage into a unit, that's three, and building four additional units on a 6, 500 square foot lot, seven units, 180, 000 a year, no parking needed, seven units, 6, 500 square feet in San Diego. That property will be worth about 2 million when we're done. We bought it for 580, 000.

Sir Hutch: 25:45

Game changer, man. Like I said, when the mind is open to the possibility, the eyes will be open to the opportunities, man. So kudos to you and your team for doing some amazing things over there in Southern California, so want to wrap it up. Is there anything that you'd like to tell our listeners who is, who may be in Southern California and is considering developing a ADU on their single family residence.

JONATHAN MITCHE: 26:08

Yeah. First things first give us a shout. We're at adupals. com. I'm at Jonathan@adupals.com. My Instagram handle is Jonathan, J O N A T H A N Mitchell, M I T C H E L L R E for real estate. Yeah, just hit me up with the DM. I'd love to help you. I come from very humble beginnings myself. Some of you out there come from different beginnings, but we all have a starting point at the end of the day. If you want to grow your real estate portfolio, you want to use your backyard or your front yard or your garage as a money making machine. You want to get into investing. Yeah, hit us up and we'll get you a PPR a property potential report, see what you can do. And even if you just want to have that you want to have that you want to understand the space more, you'll have that PPR on your property forever. And then you can move into the design, build phase when you're comfortable. But yeah, it's all about community Hutch is doing some great things. I'm actually looking at his property in Escondido in San Diego for him because he wants to build ADUs. Everyone wants to build ADUs! As you guys can tell, I am over the moon about this product. I think it is such a blessing, happens to be right in my alley where I grew up. And it's I'm just excited and I want to share with other people, so hit me up!

Sir Hutch: 27:25

I appreciate you, man. So we're going to go into the focus focus round, which is, this rapid questions on what do you do for fun?

JONATHAN MITCHE: 27:31

I dive, I exercise. I snowboard. I go to loads of sporting games. Love sports and yeah, man, tell a lot of jokes. I like jokes. All

Sir Hutch: 27:43

right. So what is one opportunity that was a game changer for you?

JONATHAN MITCHE: 27:47

One opportunity that was a game changer for me when I started selling cell phones. I went from making 10 bucks an hour to essentially learning about commission based opportunities. And then from there I was super hooked. So started selling phones. Then I just started working bells in the cell phone industry that's essentially open to close. So hutch, I just worked all day, bro. I was just like, it's commission based. If I stay here longer, I make more money. I'm just going to stay here all the hours. Makes sense. Yeah. And then from there I learned how to knock doors, man. And then, yeah. So once I learned about commission really and started to understand the uncapped ability to make money. And that, that aha moment it just, I was on,

Sir Hutch: 28:31

What is your number one communication tip?

JONATHAN MITCHE: 28:33

Be direct. Okay. I like humor. I like to tell jokes. I like, I'm like, look, man, live, right? Be yourself. Be happy. We're blessed. There's no bombs falling outside of my house. Be thankful, be open. I don't know. Talk to people, man. They're not going to bite you. It's all good.

Sir Hutch: 28:52

All right. What is one thing you wish you understood earlier?

JONATHAN MITCHE: 28:55

I would have got mentors earlier and understood the value of mentorship. I was opposed to it for a really long time. But once I turned the corner on masterminds and coaching, I realized. That is very, it can be very helpful. Now I will say that with this caveat, the coach does matter. The group mastermind does matter. If you got some people that are literally just looking at their bottom line and they're just trying to make money. Get away from that, in my opinion, as quickly as you can. You got to find some people that really care, they have some inner truth, some proper systems. I believe Coaching and mentorship is really big and I wish I would have invested a little bit earlier in my career On my financial education

Sir Hutch: 29:41

got you. To what do you attribute your success final question?

JONATHAN MITCHE: 29:44

I always come from a place of gratitude. I feel very blessed. God gave me the ability to process information, to connect with people really easily. I was born in this time in a city where it's, generally purple. And, I think you have to mix tenacity, Hutch. You have to mix perseverance. You have to mix You know, being able to get up when you get beat down along with the blessing and the thought process that, Hey, I'm able to get up. I'm thankful that I was able to get up. Cause what if I couldn't have, so I think, yeah, man, and other people, bro, there's people that have invested in me have helped me along the way. And and yeah, man, it's been a great journey so far, Hutch. And I'm really, as you can tell, probably very excited for the future, man.

Sir Hutch: 30:32

That's good, man. I appreciate you, brother. Jonathan, really appreciate you for taking time to record this podcast um, with myself and also your patients as well. If our listeners want to get in touch with you, what is the best and most direct way to get in touch with you?

JONATHAN MITCHE: 30:46

Yeah, probably Instagram Jonathan J. O. N. A. T. H. A. N. Mitchell M. I. T. C. H. E. L. L. R. E. And then my email Jonathan J. O. N. A. T. H. A. N. at A. D. U. P. A. L. S. dot com. A. D. U. pals dot com.

Sir Hutch: 31:00

Gotcha. Hey, listeners, I want to thank you for tuning into another episode of the Multifamily Real Estate Experiment podcast. This was a unique episode, a selfish one, because I want to learn more about this topic as well. As Jonathan alluded to myself, wanted to install the ADU on my property in California. Always looking to, looking for ways to maximize our return on investment, not speculation, investment right here. Real

JONATHAN MITCHE: 31:25

quick, try to plug something Hutch. Yes, sir. So God bless you military people. I grew up in San Diego, a lot of military in San Diego. I grew up being taught to respect the troops authority, my elders, and I respect everything you guys do every day, putting on the line for this country to create a safe space for a guy like me to be able to go out and build. So God bless you.

Sir Hutch: 31:52

All right. Thank you, sir. Appreciate you joining us again. And I'm Hutch, the Marine Investor, out.