Updated over 5 years ago on . Most recent reply
Tiny Houses and the Missing Middle
Hello Bigger Pockets! Happy Monday!
So, in the name of full transparency, I am a complete novice to real estate development and have learned a massive amount about starting a business, real estate in general and a whole lot more about how cities/counties and government works in the world of zoning and planning.
Over the last two years, I've gained some significant traction with several jurisdictions in terms of a tiny house community development and the triumphant return of the "missing middle". Which as it turns out, went missing back in the 1940's. One of the jurisdictions has even rolled out the RED CARPET for my company, Life Size: Tiny Communities.
The whole goal and mission of this is to retain attainability for people starting out or just anyone looking to live a life with less stuff, less debt and less worry. These people also, coincidentally live lives of more adventure, more freedom and more life!
I've put together a business plan, my best thought on financial estimates, pitch deck, etc. etc. I've participated in accelerators, obtained a seed "loan" of $250k, hired a consultant and attorney. I have a commercial real estate agent and engineering firm at the ready for all of this.
The biggest wall I've hit is rounding up the remaining capital that will be needed to pull all of this together. We're looking in the neighborhood of $4M +/-. Ideally, I could have a couple of these going in a couple of the cities I have on board.
I almost feel like I need to find a mentor type of person who can see what I see and be altruistic enough to help me expand and grow this vision.
Thoughts?
With humble gratitude,
Joe
Most Popular Reply
Got it. I would recommend going down the path of leasing the land to tiny house owners and operating it as a park. Btw, I'm assuming your referring to tiny houses on wheels. I just realized you might be referring to tiny houses on foundations, which completely changes things since they are not mobile.