All Forum Posts by: Account Closed

Originally posted by @Eric Carr:

Originally posted by @Account Closed:

@Eric Carr - I moved my BTC over to BlockFi for that reason. They offer interest and issue loans in USD with BTC as collateral. This thread started 5 months ago. I wonder where everyone stands right now with BTC sitting at $57k?

 Not only that, but the huge amount of adoption that has followed. Blockfi is trusted.  Gemini and Genesis are also offering competitive rates. I have held for almost a decade. I've seen the same arguments over the years. I think that now is the time, that people who previously hadn't paid attention, will start

Without question! I just wish I held on to what I had a couple years ago. I had some altcoins and a little BTC. Like many I thought "this isn't going anywhere!" Mmmmm.... my own words sure are tasty!

@Eric Carr - I moved my BTC over to BlockFi for that reason. They offer interest and issue loans in USD with BTC as collateral. This thread started 5 months ago. I wonder where everyone stands right now with BTC sitting at $57k?

@Nathan Barshinger - Because Tiny homes are the wave of the future! ;-)

@Robert Beardsley - You're in luck! Just sent you a PM!

@DeWitt Gibson - Understood on the winterized part. We're aiming for full time living, so systems will be regularly used. Most tiny homes are built for energy efficiency, so we should be good. The location we're working on is only 18 minutes from Garden of the Gods! :-D 

Seems to me that Canada needs tiny homes more than the US!

@Justin H. - Totally! If you or anyone you know would be interested in this kind of project, send them my way!

Just a quick question for any/all of you. Would you invest in a crowdfund for a tiny home community development project in the Colorado Springs, CO area?

@Justin H. - No worries on the questions. I'm used to people asking questions, because tiny homes are a hot topic right now and there's so little information (or misinformation) out there. 

Our focus is brand new construction and BYOH, bring your own home. Mobile home parks do have a negative stigma, for sure. However, we're working with a different caliber of people and a much higher quality of construction with tiny homes.

The average cost of a tiny home is about $75k and in a market like Denver where the average cost is about $500k, it's significantly more affordable. We do have some issues with lending. The #1 problem with tiny homes is, where do we put them? Thanks to zoning/planning regulations. Luckily there are organizations like mine who is actively working to address this. Problem #2 is how do we pay for them? There are financial institutions out there starting to wake up to our industry like Liberty Bank of Utah.

We have a few back end investors as well as a lender who's interested in unique projects such as this to round out everything we'll need from closing and beyond. We're struggling with predev costs for engineering and county fees. Largely because I'm just a tiny home owner, personally, trying to solve a massive problem.

Baby boomers are the #1 demographic looking to tiny homes as a great option for their golden years.

If you'd like, we can schedule a phone conversation to talk more about tiny homes in general or otherwise.

We do have all the basic and general information that most RE people typically look for, such as IRR, NPV, Equity multiple, etc.

Good afternoon BP! I am looking to improve our crowdfunding campaign and would like to know if you would invest in a crowdfunding campaign for a real estate project? What type of information would you look for to actually invest? Our project is very unorthodox as we're working in the tiny home industry but we believe we've hedged a lot of the risk by working with the jurisdiction long before going under contract with a property.

I feel like our format is off or we're not putting the information that people need front and center for them to pull the trigger on investing.

Would love to know your thoughts.