Short Term Rental Riches 105. Have You Thought Of These Tiny Home Downsides? (+Container Homes)
Nov 16, 2021
Dive into the trendy world of tiny homes and container homes! Discover potential downsides like financing hurdles and design challenges. Learn about city permits and how they can complicate your investment. The podcast also explores the long-term feasibility of these unique rental options. If you're considering jumping into this vibrant niche, be prepared for both the charm and the complexities!
AI Snips
Chapters
Transcript
Episode notes
Financing Challenges for Tiny Homes
- Financing tiny or container homes is challenging due to lack of lender familiarity and few comparable appraisals.
- Higher loan rates and limited terms affect overall investment returns compared to traditional homes.
Joshua Tree RV Park Financing Story
- A friend running an RV park in Joshua Tree financed it themselves and initially struggled to refinance.
- This highlights financing difficulties common with unconventional short-term rental properties.
Tiny Home Cost Realities
- Tiny homes are not necessarily cheap despite their size due to costly permits, utilities, and special furniture needs.
- Off-grid building and DIY skills might reduce costs but are exceptions rather than the rule.