All Forum Posts by: Chuck Redman

I guess I do not understand. I thought y'all were saying you bought these properties and the elderly person gets to keep living there until they pass away?

Welcome to BP from another fellow Texan!

Welcome to BP Brian. You will find a wealth of information and help here. Browse the forums and interact with people. You will be even more amazed at how helpful the seasoned investors are here.

Interesting topic . I have never heard of this.

Do I understand that this person lives there rent free?

The freestanding refrigerator is not considered part of the home.

We consider the "slide in range" a part of the home.... Not something to be taken when moving out.

I will be glad when I am done with my RE class to get MLS access

Thank you David

Curious if anyone else has followed any of the tiny house movement and would you consider investing in such a project. I have been interested in it for sometime now and have read about a project where they are going to develope a miniature neighborhood of tiny homes on a 1 acre plot with common area similar to a RV park. These homes would be 1/1 and 2/1 high energy efficient homes.

The theory behind these is to create affordable housing with a reduced carbon footprint that can be owned by the typical person that would rent.

As an investor do you see this as a viable opportunity?
Would lenders generate loans for these?

Building with SIP's (structural insulated panels) is a very fast way to build homes. The panels are constructed in the factory with all window, door and electrical chases routed out and panels ready to set in place.

I believe option 6 would be called a lease with option to buy