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Updated about 4 years ago,
First Investment with Shipping Containers
I am looking to buy a plot of land to place. 2 shipping containers each being unit. (I live in a state where this is accepted)
The ultimate goal is to rent it out by using short term/vacation rental(AirBnb), creating passive income, and have the ability of doing this again on another plot of land. I have my own money and a immediate family member going to help with the loan as well as their own money. I have a blueprint as well that was paid for to be used as the plan for both units.
My questions are:
Can a form of the BRRRR method be used in this investment?
What kind of additional financing would be the best option for this investment?
Bank loan or an alternative loan?
Electric and Water first before putting down the containers?
Who else is needs to be essentially involved with the blueprints and the inside compared what I can do myself?
How long until I can look at another property in the future?
Any other advice for this investment I will accept, please and thank you.