Funding for tiny house village project(s)
Good morning BiggerPockets folk!
I was hoping to spur some [more] conversation about syndication on tiny house community development. I've been working on this project for some time now, getting things in order as far as jurisdictions on board with the concept (tiny houses on wheels) and moving toward normalization of these structures as single family dwelling units. During this pandemic, I've completed some considerable renovations of my company's internal processes. We have a functional pro forma, a brand new website (lifesizetc.com), formed an executive management team and starting to get signed letters of intent to participate in the first community.
Where I'm struggling is getting the capital. Even if I could raise enough to just purchase the land, I believe I have other options already in place to help cover the the actual development costs.
Honestly, NOW is truly a perfect time to get something like this rolling. People are and will be continuing to look for ways to recession proof their lives and I believe I have a solution to get people in tiny houses and build equity.
I'm just at a total loss on where and how to find the money we need to pull everything together. I'd welcome suggestion.
With humble gratitude,
Joe
Most Popular Reply
I think this is a good idea if you can make them permanent structures with the latest and greatest amenities including technology. A millennial dream come true. It will also help address our affordable housing issue. I would imagine getting a bank on-board would help with the viability of this project.