Modular multifamily advice

[Brad Seidel]

Hello, After diving into modular home builds I see very little downside other than potential timeline sliding longer than anyone wants. 

Is anyone out there purchasing land then placing modular multi family homes on them? I’d love to hear more from you!

I am currently looking into Toledo Ohio, and Colorado Springs,CO. I am about to sell two of my current duplexes to fund these and with the avg age of multifamily homes in the 60-70s and typically in really poor shape these modulars seem like a good idea for a buy and hold. 

[Marcus Auerbach]

I have been looking into this as well - for a weekend lake home at what we call "up north" here in Wisconsin. 

Basically set up like a large hotel room with a kitchenette, bathroom in the back and all floor to ceiling glass in the front. Then the pod gets surrounded by a deck on front and both sides, which is under a translucent, corregated roof. The interior kitchen plumbing ties into an outdoor kitchen on the side.

We would prefab the walls, floors and (sloped) roof. The lot gets a holding tank for plumbing, a well and solar power with batteries. Foundation would be a number concrete pylons, the home gets broken down into flat slabs, trucked to location and craned into place. 60k for site prep and utilities should do it, even though about half would go to well and septic alone.

The reason pre-fab makes sense for up north is because you cant buy any building materials in a serveral hour radius, so if you run out of screws, you are pretty much... so much easier to pre-build and truck. Overall cost is not much less than a traditional build, its just easier when you just assemble in a remote area.