All Forum Posts by: BJ Hibbard

@Jay Helms

Emailed a copy of the proposal over to you

@Alex Shaughnessy I'll get it senr over to you as well. should have it ready in 7-10 days

@Jeff V. Ideally the financing part would be vertically integrated into the company. One current company that is doing this offers bad credit financing. 6.9% rate if your credit score is 600+ it 12.9% if less than 600

@Jay Helms. I haven't presented it o anyone yet, this was kinda my first to figure out what direction to go with it. I will be getting a presentation together this next week and I will send it over to you for review.

@Jim Carson The ones that I have been purchasing are built by Legacy Mobile Homes. They are a good layout but built pretty cheaply

@Will Grabert I haven't got the proposal together yet but I will send it over to within the next week or so

@Jonathan Twombly These are built to building codes and are legal in Arkansas. They would not work everywhere, but most states in the South allow them, some cities have minimum square footage requirements. Not building on a trailer allows you to go wider than 8' which allows for a lot better layout and more like a conventional house

I have been dabbling in the tiny house market for the last couple years and have had great success with it. I currently have five that I rent out, but I get constant requests to purchase them. They rent well, and have a quick ROI so I don't really want to sell the ones I have but I see there is a huge demand for them. I have seen what works and what doesnt. What I've seen from other companies building tiny houses is that they are laid out and built like a tiny house(not like a conventional house), they are far too expensive for the target market, and there isn't adequate financing to make them a viable option for most buyers. I have absolutely no doubt that a tiny house that could sold for $40k or less, had proper financing and were laid out like an apartment/house would take the housing market by storm. the market is in an extreme need for affordable housing, and I believe that this is ONE of the answers to meet those demands. I have no doubt I could fill those demands with the right partner/backer....but how do I find that person? I don't really see crowd sourcing being the right market, and without being able to have a one on one with investors I can't really show how my model is different and better than the other ones out there. VC could be a potential fit, but I have no idea how to get in front of the right VCs. A private investor would be the ideal fit, but again how do I find the right one? My model has a 60% margin in a house retailing for $40K(if financing was vertically integrated there would be interest profits as well), room for upsells and add ons, offers physically secured properties for financier(permantly set dwelling, not mobile), low startup cost(less than $250K) and the model can be scaled and reproduced anywhere in the US. I've not tried pitching it to anyone, because I just don't know where to start. Based on my experience with this market and model I truly believe the sky is the limit, I just have to get it off the ground :)

I have been dabbling in the tiny house market for the last couple years and have had great success with it. I currently have five that I rent out, but I get constant requests to purchase them. They rent well, and have a quick ROI so I don't really want to sell the ones I have but I see there is a huge demand for them. I have seen what works and what doesnt. What I've seen from other companies building tiny houses is that they are laid out and built like a tiny house(not like a conventional house), they are far too expensive for the target market, and there isn't adequate financing to make them a viable option for most buyers. I have absolutely no doubt that a tiny house that could sold for $40k or less, had proper financing and were laid out like an apartment/house would take the housing market by storm. the market is in an extreme need for affordable housing, and I believe that this is ONE of the answers to meet those demands. I have no doubt I could fill those demands with the right partner/backer....but how do I find that person? I don't really see crowd sourcing being the right market, and without being able to have a one on one with investors I can't really show how my model is different and better than the other ones out there. VC could be a potential fit, but I have no idea how to get in front of the right VCs. A private investor would be the ideal fit, but again how do I find the right one? My model has a 60% margin in a house retailing for $40K(if financing was vertically integrated there would be interest profits as well), room for upsells and add ons, offers physically secured properties for financier(permantly set dwelling, not mobile), low startup cost(less than $250K) and the model can be scaled and reproduced anywhere in the US. I've not tried pitching it to anyone, because I just don't know where to start. Based on my experience with this market and model I truly believe the sky is the limit, I just have to get it off the ground :)

My issue would be the sewage situation. Your going to have to spend $3500-$5500 per residence to put in a septic system for each unit or an expensive sewage treatment plant with annual upkeep...either way it's all wasted money if the city puts in public utilities in 5 years