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443: How He Leveraged ADUs to Build $700K Equity in ONE DEAL
Description
In this episode, David Lecko sits down with Edmond Bondoc to uncover how he built nearly $700,000 in equity on a single property by leveraging Seattle’s ADU laws. Edmond reveals the exact financing, design, and condo-ization strategy he used to add both an attached and detached ADU to one lot—turning a half-finished fixer into a wealth-building machine.
KEY TALKING POINTS:
00:00 - Intro
00:58 - Overview of Edmond’s Business
04:00 - Breaking Down His Property With 2 ADUs
08:47 - Financing for the ADUs
12:42 - The Specs of the ADUs
14:48 - Why One Detached and One Attached
16:25 - Next Steps
18:15 - Pre Real Estate
21:56 - Pulling Equity Out & Using HELOCs
23:56 - What Edmond Does For Fun
24:28 - The Springboard Event
25:15 - How to Contact Edmond
25:32 - Outro
LINKS:
Instagram: Edmond Bondoc
https://www.instagram.com/edmondfromedmonds/
Links: Edmond Bondoc
https://linktr.ee/edmondfromedmondsre
Instagram: David Lecko
https://www.instagram.com/dlecko
Website: DealMachine
https://www.dealmachine.com/pod
Instagram: Ryan Haywood
https://www.instagram.com/heritage_home_investments
Website: Heritage Home Investments
https://www.heritagehomeinvestments.com/