I'm getting ready to launch a business building tiny homes I've lived in them for 15 years. My question for the group is:
Is there anyway I can get financing to help people get into new homes?
Any input would be greatly appreciated, thank you.
If you can front it, you could always accept payment arrangements. I'd use a very high interest rate and definitely get legal help to set it up if you go that route.
Failing that, I'd look for private lenders and try to build relationships with them. Find out what works for them and ask for their opinion on what you want to do. Of course, if your family or friends have enough money to invest in other things, you may be able to interest them, but I'd be worried about risk.
Let us know if you find anything that works.
A piece of land is worth as much as the person farming it.
-Le Livre du Colon, 1902
Are they going to be on wheels, and are you going to register the tinyhomes as RVs? This might be more palatable to lenders... whether it is worth the hassle to you I am less sure.
posted 10 months ago
Dillon Nichols wrote:Are they going to be on wheels, and are you going to register the tinyhomes as RVs? This might be more palatable to lenders... whether it is worth the hassle to you I am less sure.
Yes I plan to put them on wheels. And given the current legal status in most locations for tiny homes.
I'm assuming a lot of people would just like to have them registered as box trailers. I live in the middle of the city in the middle of Utah. lots of people love tiny homes our local governments do not.