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Tiny House Communities, What is the catch??
Hi Everyone!
My brother-in-law has a tiny home business. I am a commercial broker specializing in the MHP world (closed 5 parks last year!). We started discussing collaborating on building a Tiny Home Community (when the timing is right). From my little research it seems to be treated in the same class as trailers, essentially developing an RV park.
However, I believe if done right it could be 1.) A more affordable entry than the MHP world (can buy a MHP cheaper than building) 2.) better asset class than the RV world (more stability and pride in ownership). I am curious has anyone done any research on developing a Tiny Home Community?
Specifically, I am curious about:
- Any potential known permitting issues with having 15-30 tiny homes on one lot? (I am in central CA)
- Would you approach it the same way as developing a RV/Trailer site?
- Problems with this model that you would anticipate? (Aside from a ton more of work researching/analyzing to be done..)
I appreciate your contribution as I am the first to say that I am not an expert in this, but willing to research, work hard and learn from others. Thank you everyone!!!