All Forum Posts by: STEPHEN YUAN

Jackpot. 
People are renting out their tiny house from$50-$175.
http://tinyhousevacations.com/

jeff stone

How much would you pay to rent a tiny house that you like on airbnb.com or some other vacation rental sites?
My girlfriend asked me that question and my answer was $100/day for the one I showed u...even though I know it only cost like 23k to build it. The fact that someone's offering a tiny house on airbnb is reason enough for me to shell out $100 to have the experience. 

It's a growing market and people are interested in it. 
Check out the new bp

Tesla Model S was renting like $650 a day a year ago on p2p car lending sites like relayrides.com in the bay area. 

Maybe there's economics behind you getting your Tiny House. 

@Jeff Stone

I have not heard of using equity as collateral. You need to go through either cash out refi or the HELOC route.

House hack sounds like a good starting point too. Maybe you can try yard hack by building a tiny house in the back yard.  Check this out:https://www.youtube.com/watch?v=RSzgh3D7-Q0

Your credit score might bump the rate up by .125% though. 

My brother does no point no fee Flagstar mortgages with competitive rates. Let me know If you are still looking. He just quoted someone 4.125% today but it's been 3 month since your post and rates has come down a bit. 

If you have equity in any of the property, you can take the equity out and use that money to buy a REAL rental property.

Pros of rental property vs flipping houses:
1. Less time consuming-You can outsource much of the day to day work to a management team.
2. Build up equity in this property and you can do another rental all over.
3. Appreciation in house can be taken out through equity or when u sell it

Cons of rental property vs flipping houses:
1. Slower return- You can get the same amount of money faster with flipping

i have a rental with a partner in the area. Thus us my first property but one of many for my partner. The area dues have favorable passive returns from what I am getting on my property. 

I agree with others that you should get a partner. I have no idea how the neighborhood are initially but my partner has been feeding me Info's. 

Best lucks to you.

BTW, both my partner and I lives in California. 

Great useful post! Have you guys seen other post about vetting contractors?

@josip galic Look into what  Michael Lerch is offering... Maybe you will struck a nice deal there. If you want to know more about seller finance, you can always search the forums or buy Brandon turners book. I have the paper version lying around can mail it to you if you want!

Try another bank! Good luck to you!