Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Zach B.

Zach B. has started 4 posts and replied 15 times.

@Aleks Gifford, did you end up doing this shipping container storage project? I just bought an industrial lot in southern Oregon and planning to do the same thing. I can fit around 120 20' containers on this lot, it's a little over an acre.

Post: Tiny Houses, tiny houses, tiny houses!

Zach B.Posted
  • Bend, OR
  • Posts 15
  • Votes 1

Joe, wondering what is your business model for an annual revenue of $125M. Are you building lots of properties? Operating as hotel or long term residential? I'm working on similar business. I'm starting out with a 4 acre lot in southwest Oregon. Just got it rezoned from SR to Commercial. Problem is that the city screwed me. They approved my rezone but then they realized I wanted to build an "RV Park" so they rushed to implement a restrictive development code specifically for RV Parks within the city limits. There were two reasons I bought this lot... 1) for the city water and sewer, and 2) because there were no restrictions and therefore I could build RV sites AND site built or manufactured modern cabins, shipping container houses. So now I'm stuck with trying to decide whether to go all RV Park OR all shipping container and site built tiny houses. I am infuriated with the city council. You have any advice? Which way would you go? I'm looking for funding too. There is a serious housing and hotel shortage in this area and this lot could cater to both simultaneously.

Post: Shipping Container Self Storage Business

Zach B.Posted
  • Bend, OR
  • Posts 15
  • Votes 1

I'm about to do this in a town in southern Oregon. Huge demand. All other facilities are full. I just got a 4 acre city lot rezoned from SR to C and also negotiating on a 1 acre rural industrial lot on a main highway. I'll be working with with a broker to have the 1-trip containers customized in china, then trucked to my site when they get to Tacoma WA. I'm going mainly with the 20ft containers because they're easier to move around but might consider 40 footers for the perimeter of the lot instead of a fence, and put lots of dividers and steel doors down the side for small units.

@Aleks, how's it going for your project?

@Jay Hinrichs... yeah, I found the relevantbuildings.com website about a month ago. Those look nice. Exactly what I'm looking for. I'd like to fill up my lot with those things.

Originally posted by @Karen Margrave:

@Will G. They did a tiny home community in Bend, OR. it was quite an ordeal I think. Someone mentioned Ross Chapin, he designs cottage homes, and has been involved with zoning for such things. He also designs picket neighborhoods, but they're not actually affordable, though very nice.

 Hi Karen, yea, I live in Bend and have been to the Tongue & Groove Hiatus project site. I'm assuming this is the one you're referring to but there also are a couple traditional RV Parks here with a handful of full time or at least long term traditional tiny houses on trailers. Hiatus is sometimes referred to as a tiny house development but these structures are permanent with concrete footings and much larger than a tiny house on a trailer. Last I checked the price on the Hiatus was about $250K each.

I bought an almost 4 acre lot in a small city in Josephine County (SW Oregon) a year ago. Just now got the zone change application deemed complete by the city to change zone from SR to C so we have a hearing in July and one in September. So I'm shooting for next spring to develop an "RV Park" with about forty 60'x40' spaces and 100 self storage units. I'll be extending city water and sewer a few hundred feet up the highway and metering spaces separately. I feel the RV Park concept gives me the most flexibility for short-term, long-term, tinies, and under the C zoning the city allows also storage AND permanent structures. I may do some modern cabins or shipping container houses. I may run as tiny house village or as airbnb similar to this one called The Camp, or the Vintages over near McMinnville OR. For long term I have less to manage but at the nightly rate and high occupancy the numbers sound way better. What do you all think? 40 spaces x 400 per mo = $16K per mo. Or, 40 spaces at even 60% occupancy at $80/night = around $58K per mo gross. What would you do?

@Jocelyn Hinz ... Thanks for asking. I just finally purchased a 3.82 acre property about 1 month ago. Getting ready to log it. Will develop gradually, in phases. Planning to license it with state as an RV Park but operate more like a tiny house community with permanent renters. Good luck with your project! Feel free to message me with further questions / updates. Would love to hear how your project progresses as well.

I have a dilemma which I think fits this thread. First time investor here. I am trying to decide whether to do an RV Park AND self-storage or just do self storage alone. The RV Park will be for permanent long-term guests so similar in that way to a MHP. This is in a depressed area that needs both affordable low cost housing AND also needs more self storage. I like being able to do both but self storage just seems way easier. Such a difficult decision, especially since I'm doing it from my home equity and seems like I only have one shot at getting this right! Any advice is appreciated. Thanks :)

Will, thanks for your response. Existing parks are hard to find for sale around here and when you do find them they cost a fortune. As for per space construction costs, I've talked to people who've done it for $5-7K per space easy. Going storage only sounds tempting as it is so easy to set up but I feel like having the diversity of both would be a more solid business plan. I appreciate any input here. Thanks.

First time investor here, taking equity out of my home (bad idea?) to buy land and develop RV Park for long-term guests and/or self storage... I'm looking in a rural place called Cave Junction, OR. Depressed area but in DIRE need of low cost housing AND also self storage... So question is... which of the following is a more solid plan? Which would you choose and why? I'm leaning toward the RV Park AND Self Storage just to be diversified. Hope I haven't shot myself in the foot by giving out the location but I'm thinking you all have bigger fish to fry anyway, lol! TIA

RV Park AND Self Storage

~4 acres, commercial for $120K (google maps link)

Pros: In city, city water & sewer nearby, city allows both rv park AND self storage in Commercial zone, ~$50K worth of timber on property

Cons: Neighbors nearby, traffic visibility not as good here, land needs to be logged/cleaned up - not a big deal really

Self storage constructed probably out of shipping containers

~3 acres, industrial for $135K (google maps link)

Pros: clear flat land, higher traffic count between the coast and I5, seller will carry loan

Cons: zoning does not allow for RV Park, city services unavailable