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Updated 11 months ago on . Most recent reply
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Container Home Build
Hi Everyone,
I'm playing with the idea of building a Shipping Container Home around Asheville, NC.
The plan is to either hold it as an STR, or to sell it.
The question I have is regarding Mortgages:
* If I hold the property for STR, I will want to be able to Re-finance my money back out (BRRR Method)
* If I sell it, I will want to make sure a buyer will be able to take out a mortgage for purchase.
Does anyone know if it's possible to take on a mortgage for this type of structure?
Will this be dependent on the square footage?
Most Popular Reply
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@James Devoe Gotcha. You might be fine then. I had a deal a couple of years ago where the home looked like it could have been stick built, and the container was just part of the inside. I believe it appraised without issue.