New construction - Buy and Hold, Who's doing it?

[Nathan McQueen]

I don't see many posts here on BP about people that use the new construction and buy an hold strategy (I might have just made it up). Or as I'm coining it, "Build and hold"... Has anyone else used this strategy, if so why, if not why?

I have a background in construction, I'm not a GC but I work for a large commercial GC at my day job and feel that this may give me potential leg up in this niche/ stratgey.

The half-baked idea I have now is to build a container house duplex and live in it and rent out the other half. I'm thinking I could buy the containers for $20-30k (7-10 containers total), land for about the same, maybe more. Then do a decent interior fit out for under $100k. This would bring my total investment to around $140-180k. If I could rent out both sides (after I move out) for $1,200/ month, which I think is reasonable for this area, that would be $2,400 gross monthly rent on a $140-180k property (just over the 1% rule). Disclaimer: I haven't gotten quotes for any of this, just using round numbers.

Now the first thing I'm sure any of you will say is that container houses are a small niche/ fad that won't last. To which I'd say you're right, but I only need those few people that love it and think its perfect.

Thoughts? Feel free to be honest.