All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Start here
  • Education
    Forums

    Learn from and contribute to 659K+ real estate discussions

    BiggerPockets Podcast

    Listen to weekly interviews with investors & entrepreneurs

    BiggerPockets Blog

    Delve into 8,800+ articles by experienced investors

    Member Blogs

    Read original articles by BiggerPockets members

    Guides

    Master the ins and outs of fundamental real estate topics

    The Money Show

    Listen to weekly interviews that will help get your financial house in order

    Webinars

    Sign up for this week's free webinars hosted by experienced investors or view previously-held webinar recordings in the Archives

    Videos

    Browse our library of real estate related video content

    Free Course

    Experience The Financial Independence Blueprint video series - a free four-part video series

    Topics
    Property Management Property Types Finance Strategy Finding Deals Business Operations
  • Network
    Members

    Search over 1,270,000 members across BiggerPockets

    Companies

    Explore over 31,000 real estate-related companies

    Real Estate Agents

    Find an investor-friendly agent near you

    Hard Money Lenders

    Pinpoint lenders near you with our nationwide database

    Events

    Find upcoming real estate events and meetups near you

    Jobs

    Browse real estate job opportunities in your area

  • Tools

    Calculators

    • Fix and Flip
    • Rental Property
    • BRRRR
    • Rehab Estimator
    • Wholesaling
    • Mortgage Payment
    • 70% Rule
    • Airbnb Calculator

    Services

    Find a Contractor Get a Mortgage Loan Tenant Screening External Link

    Additional Tools

    FilePlace

    Download presentations, spreadsheets, contracts & more

    REI Resources

    Dig into thousands of curated real estate tools & resources

    Calculators
  • Marketplace
    Properties For Sale

    Buy and sell real estate deals or seek out partners, financing, etc.

    Find Foreclosures External Link

    Search this comprehensive database of nationwide foreclosures

    Ads, Jobs, and Other

    Advertise your real estate business, deals, financing & more

  • Bookstore

    Featured Book

    Recession-Proof Real Estate Investing book cover

    Recession-Proof Real Estate Investing

    This easy-to-follow guide will show you how to make money during all of the market’s twists and turns! Accomplished investor J Scott dives into the theory of economic cycles and the real-world strategies for harnessing them to your advantage.

    Get the book now

    Real Estate Books

    • Flipping and Estimating Bundle
    • How to Invest in Real Estate
    • How to Sell Your Home
    • See All Books
    Real Estate Books

    Shop books covering real estate investing and personal finance.

    Lease Agreement Package New

    Don't spend $1,000 on a lawyer!

    Real Estate Forms

    Lease Agreement Package New

    Don't spend $1,000 on a lawyer!

  • Plans
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books Washington
ForumsArrowInvestor Deal DiariesArrowMini Trailer Park to Sustainable Container Home Community. WWYD
  • Newest Posts Arrow Down Light
    • Newest Posts
    • Unanswered Discussions
  • Trending Arrow Down Light
    • Top Discussions
    • Trending Discussions
  • General Real Estate Arrow Down Light
    • Local Real Estate Forums

      Real Estate Forums near you

      • Maryland Real Estate Q&A Discussion Forum 2.6K Posts 388 Discussions
      • New York City Real Estate Forum 1.3K Posts 191 Discussions
      • Norfolk Real Estate Forum 350 Posts 35 Discussions
      • Norwalk Real Estate Forum 7 Posts -1 Discussions

      View all Local Real Estate forums

    • General Info
      • Real Estate Success Stories 77K Posts 3.7K Discussions
      • BiggerPockets Exclusive PRO Area 16K Posts 3.0K Discussions
      • New Member Introductions 489K Posts 56K Discussions
      • Real Estate Not-So-Successful Stories 523 Posts 41 Discussions
      • BiggerPockets Summer Reading List 92 Posts 14 Discussions
      • Real Estate Quizzes 696 Posts 21 Discussions
      • BiggerPockets Money Podcast 675 Posts 50 Discussions
      • FAQ Forum 132 Posts 9 Discussions
      • BiggerPockets Webinar Discussion Forum 459 Posts 15 Discussions
      • Questions About BiggerPockets and Official Site Announcements 42K Posts 4.1K Discussions
    • General Real Estate
      • Construction & Remodeling Diaries 6.1K Posts 1.0K Discussions
      • Renters Discussion 44K Posts 5.1K Discussions
      • Buying & Selling Real Estate Discussion 424K Posts 58K Discussions
      • Military Investing 5.4K Posts 532 Discussions
      • Do it Yourself 32K Posts 3.5K Discussions
      • Get Foreclosure Help - Stop Foreclosure Forum 6.6K Posts 910 Discussions
      • Home Owner Association (HOA) Issues & Problems Forum 6.2K Posts 910 Discussions
      • Completed Deal Diaries 5.8K Posts 2.0K Discussions
      • Investor Deal Diaries 17K Posts 862 Discussions
    • Reviews & Feedback
      • Ask About A Real Estate Company 24K Posts 2.7K Discussions
      • Real Estate Deal Analysis and Advice 131K Posts 19K Discussions
      • Real Estate Guru, Book & Course Reviews and Discussions 28K Posts 2.9K Discussions
    • Investor Basics
      • Starting Out 291K Posts 41K Discussions
      • General Real Estate Investing 144K Posts 19K Discussions
      • Real Estate Investor Marketing Help & Advice 46K Posts 6.5K Discussions
      • Investor Psychology 21K Posts 1.6K Discussions
    • Landlord & Tenant Forums
      • Mobile Homes & Mobile Home Park Investing 19K Posts 2.3K Discussions
      • Landlord Forums & Rental Property Questions 359K Posts 39K Discussions
    • Foreclosures
      • HUD, VA, and Tax Sales 10K Posts 1.5K Discussions
      • REOs 17K Posts 2.2K Discussions
      • General Foreclosure & Pre-Foreclosure Forums 33K Posts 5.2K Discussions
      • Short Sales Questions 17K Posts 2.1K Discussions
    • Real Estate Strategies
      • Rent to Own a.k.a. Lease Purchase, Lease Options 15K Posts 2.3K Discussions
      • Innovative Strategies 27K Posts 3.4K Discussions
      • Short-Term and Vacation Rental Discussion 22K Posts 2.0K Discussions
      • Real Estate Development & New Home Construction 19K Posts 2.6K Discussions
      • Rehabbing and House Flipping 110K Posts 13K Discussions
      • Tax Liens, Notes, Paper, & Cash Flows Discussion 34K Posts 3.9K Discussions
      • Real Estate Wholesaling Questions & Answers 137K Posts 18K Discussions
      • 1031 Exchanges 8.7K Posts 1.4K Discussions
    • Commercial Real Estate
      • Multi-Family and Apartment Investing Forums 97K Posts 10K Discussions
      • Commercial Real Estate Investing Forum 36K Posts 4.8K Discussions
    • Business Basics
      • Goals, Business Plans & Entities 25K Posts 3.5K Discussions
    • Real Estate Technology and the Internet
      • Real Estate Technology, Social Media & Blogging 16K Posts 2.3K Discussions
    • Loans, Mortgages, Credit Lines
      • Creative Real Estate Financing Forum 50K Posts 7.5K Discussions
      • Private Lending & Conventional Mortgage Advice 105K Posts 14K Discussions
      • Real Estate Crowdfunding Forums 5.6K Posts 384 Discussions
    • Financial, Tax, and Legal
      • Tax, Legal Issues, Contracts, Self-Directed IRA 100K Posts 15K Discussions
      • Personal Finance Forum 18K Posts 2.0K Discussions
      • Property Insurance Questions & Discussions 11K Posts 1.8K Discussions
    • Real Estate Professionals
      • Real Estate Agent Forums 47K Posts 7.1K Discussions
      • Contractors 18K Posts 3.7K Discussions
      • Bankers, Lenders, and Mortgage Brokers 12K Posts 1.9K Discussions
    • Real Estate Marketplace
      • Marketplace 227K Posts 88K Discussions
      • Real Estate Events and Happenings 57K Posts 12K Discussions
    • Off Topic
      • Housing News & Real Estate Market Discussions 15K Posts 1.8K Discussions
      • BiggerPockets Real Estate Investing Summit 2.0K Posts 107 Discussions
      • Off-Topic 43K Posts 5.3K Discussions
Start a Discussion

Mini Trailer Park to Sustainable Container Home Community. WWYD

1 Reply

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
  • 1
Kyle Steele
  • 1 posts
  • 0 votes

Kyle Steele
Investor from Ithaca, NY

posted 7 months ago

I have an interesting property, with what I think is a solid game plan, but I'd love feedback, and I'd like to know what would you do.

Property is a 5 pad park with a duplex and one abandoned pad that will need work (repouring, water/sewer lines etc).

I own the property free and clear.  Presently I have control over two out of the 5 existing trailers.  My goal is to get a variance to put container homes on the pads and remove the trailers (all trailers are old and in poor condition).  The location supports fairly high rents as it's about a mile north of Cornell University Vet School.  All muni services.  It's also in a redevelopment zone which may allow for a complete repurpose into apartments.  

Right now I own it free and clear (purchased with an equity loan taken on another building). I need to refi by February 2019 for a loan cleanup.  

What would you do?

My initial thought is to put enough debt on it to repay the equity loan.  Which will allow it to cashflow a few hundred a month while I wait out the current owners (I expect I'll have control over all trailers within 2-4 years).

Then I'll keep on buying other deals and put this one on auto pilot until I can either redevelop it or flip it depending on the market.  Or I could use the money to start the first two container homes and pay the current tenants more than the trailers are worth to get them out of there are proceed with the development now (while interest rates are still very low).  If I could proceed sooner I would get a construction loan to complete the container home conversion, restore the abandoned lot and rerun water/sewer lines that are aging and hopefully have enough to repay the equity loan.

I'd love to know what others would do.  Any Thoughts?  Thanks in advance.

Kyle  

Dan Harville
  • 13 posts
  • 3 votes

Dan Harville
from Rodessa, Louisiana

replied 7 months ago

I think this is a great idea.  You could also put the word out that you are AirBNB-ing one of the containers.  So many people are thinking about doing either a tiny house in general or, specifically a container conversion, that you would probably have a fairly steady clientele wanting to stay a night or 2.  I saw somewhere out in Arizona someone has 4 containers and is getting $175 per night. 

  • 1

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Sign up below to download the eBook for FREE today!

Download the eBook Now

Lock We hate spam just as much as you

Top Contributors

Sam B.
Sam B.
Houston, TX
9.29
Score
Lee Fahy
Lee Fahy
Isanti, MN
3.35
Score
Milton Marcelin
Milton Marcelin
Nuremberg, Germany
2.32
Score
Carson Wilcox
Carson Wilcox
Davis, CA
1.42
Score
Aaron R.
Aaron R.
Lumberton, TX
1.16
Score

Trending Discussions

  • California to make "Solar "mandatory for new Homes!!!!!!
    181 Replies
  • LLC - Must have or nice to have?
    49 Replies
  • Average Net Cash Flow ? (Per door)
    69 Replies
  • Selling newly remodeled home without an agent. Thoughts?
    29 Replies
  • Owner Financing Question
    19 Replies
Close Thin

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here

Already have an account? Click here to log in

Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • Perks
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • Google+
  • YouTube
  • Instagram
© 2004-2019 BiggerPockets, LLC. All Rights Reserved.