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All Forum Posts by: Account Closed

Account Closed has started 7 posts and replied 33 times.

Post: Tiny Homes - A Game Changer for Real Estate In High Rent Cities

Account ClosedPosted
  • Charlotte, NC
  • Posts 39
  • Votes 25

With rent prices so crazy in SF that you can make $100K and not afford to live in the city I really think innovative solutions like tiny homes can be a game changer for real estate investment. There's a new tech company that uses 3D printing to 3D print a tiny home for just $10K. Even the local government in Seattle built a village of tiny homes to combat homelessness. When I was visiting a friend in DC they just opened up a high tech pod hotel called Hive Hotel and it's a concept borrowed from Japan that's been popping up around the world.

I really think that the whole tiny house community, pod hotel, and even "pod apartment" concept in densely populated areas is an incredibly interesting trend to look at. Imagine if you can purchase condemned land or apartments and transform it into a whole tiny house community. Or buy an abandoned 10-unit and turn it into a high tech 20-unit "pod apartment". These would be great options for students and young professionals and better than commuting an hour and living with 5 roommates in a Manhattan apartment. It would be great from a real estate perspective in my opinion because it would dramatically reduce the seed capital required to start investing in these expensive cities.

What are your thoughts?

Post: Looking to get started in about 12 - 18 months.

Account ClosedPosted
  • Charlotte, NC
  • Posts 39
  • Votes 25

I agree with @Christine Grimley on this one. The best option for you would be to find a multi-unit and get an owner occupied FHA loan and live in one of the units and rent the others out. That way you're only paying 3.5% down and can pay down the loan with the rent income while generating additional rental income. This is what I did to start out and I think it's an excellent strategy

Post: Any investors live in a Tiny House?

Account ClosedPosted
  • Charlotte, NC
  • Posts 39
  • Votes 25

@Account Closed I've actually been really curious about tiny homes from a real estate perspective, I think it really has a lot of potential and it has been in the news with the government giving tiny houses to homeless and even reports that some tech companies might buy up land and build tiny house communities to employees in the SF or Seattle areas. My favorite is this 3D printed tiny house and I think this kinda tech has the opportunity to be a big disruptor when it comes to real estate investing. You can literally 3D print a house for 10K. With building costs that low if you can purchase condemned or cheap land in densely populated areas your seed capital would be much lower than typical investing and you can get some new entrants in real estate investing and more scale starting out.