All Forum Posts by: Justin H Harstvedt

@Beth Crosby We meet at the Gulf Coast Assoc. of Realtors building located at 141 Debuys Rd., Gulfport from 6pm to 8pm.

You can get more information here.
https://www.mscoastreia.com/

The beautiful home came to a halt halfway through construction. Sounds like the county shut down construction due to elevation or possibly FEMA issues. The owner seems to have just moved on emotionally and cut his losses but would like to get as much out of the deal as he can manage. This is way out of my expertise level. I don't even know where to begin to see what it would be worth an investor to pay because I don't know if the structure needs to be demolished or if it can be salvaged. He originally thought it had to be torn down and wanted 450k for just the land but now seems to be under the impression that it can be completed and tells me he thinks he can get 900k for it. The property is in a fantastic location on St. George Island, Florida. I'm at a loss on how to proceed.

Hey everyone,

I recently finished renovating a 2007 Tiny Home (Park Model Home) located near 30A in Florida on a family lot. I put all of my savings into the renovation, including a new roof, completely gutting the interior and redoing it, and adding new flooring throughout the home. It looks really good and would be ideal for a snowbird looking for a cozy vacation home.

Originally, I planned to sell the home on completion, but that has proven to be much more difficult than I anticipated. So I'm thinking of changing plans. I need the home to start producing, whether that's through renting it out or finding other ways to generate income from it.

My question is, has anyone had experience getting a loan from a bank using a tiny home as collateral? If not, would a hard money lender be more likely to consider backing this project since I have an asset to use as collateral? I don't have the capital to buy land, so I'm exploring my options.

In terms of the location, I have experience working with Walton County, and their philosophy is "The answer is NO, how can we help you." Therefore, I'm considering relocating to a county that is tiny home friendly but still a great vacation market. I've heard that basically, any county in Alabama is easy to work with so I'm considering the Alabama gulf coast. I'm curious about your thoughts on this, especially when it comes to generating income from a vacation home. Would it be smarter to purchase the land or lease the land? What are the pros and cons of each option?

Thank you in advance for any feedback and advice you can provide. This was my first attempt at real estate investing, and I'm learning a lot along the way.

I recently acquired a tiny home on wheels, it has a beautiful layout but needs some fixing up. The plan was to do a complete renovation then rent it out as a short-term rental, I live near the beach so there is a high demand for that sort of thing. I am about halfway through the renovation so I decided to start looking for properties to park it, I don't have the funds to buy a desirable lot so I was thinking maybe I could try to make a deal with an owner of a vacant lot and split profits as well as maintain his property. The problem with that is that (in addition to finding someone willing to make that deal) is that the county won't let me park a tiny home and run utilities to it. I'm new to this so I didn't completely understand why this was the case but I was told one way I could do it is to apply for a building permit and then I could put the tiny home there for 9 months, I think it was. So I would have to go through all of that trouble just to Airbnb my tiny home out that 9 months? I have to be missing something. So then I considered just selling the home once it's finished, Well it seems that might be just as difficult to do because it's not technically a home so the Realtors don't even know how to approach it. I'm in way over my head.