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Updated over 1 year ago on . Most recent reply
Tiny Homes rental properties
I don't know much about the tiny homes market. I was reading the Bigger Pockets Beginner's Guide to real estate investing about investment vehicles. Tiny Homes weren't mentioned. I'm curious about your thoughts on Tiny Homes as a Real Estate Investment opportunity. Are there any good resources you would recommend to get started?
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Quote from @Janea L.:
Quote from @Michael Baum:
Hey @Janea L., tiny homes aren't considered real property (unless they are on a foundation) so investing in them can be problematic.
You can't use a mortgage for a tiny home, only for the property. So you would have to use cash to build out the property to support the tiny home.
I just want to clarify to make sure you see what I am saying. You should be able to finance the land. You might be able to include the improvements that will be required like sewer/septic, water and electrical stubs for the buildings.
It's the tiny home itself that won't be covered by the mortgage.
Now like @Rachel H. said, you can check with the manufacturers to see what they offer for financing if you don't have the cashola.