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Updated 11 months ago on . Most recent reply

User Stats

68
Posts
26
Votes
James Devoe
  • Architect
  • Wendell, NC
26
Votes |
68
Posts

Container Home Build

James Devoe
  • Architect
  • Wendell, NC
Posted

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

User Stats

433
Posts
479
Votes
Mitch Davidson
  • Lender
  • Asheville, NC
479
Votes |
433
Posts
Mitch Davidson
  • Lender
  • Asheville, NC
Replied

@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.

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