All Forum Posts by: Jay Hinrichs

Yes I have been checking out several manufacturers. I have explored duplexes, as well.  The issue always ends up being transportation.  The materials can be fairly low, then you start doing the math on loading up multiple semi trucks and the savings you thought you had quickly goes away.

I found one manufacturer that puts a 4 plex on the foundation, gets the basics hooked up with a local contractor finishing the details...$659k! With comps at $725-750k there isn't much room for a profit. I'll keep trying.

 2011 and 2012 were when we were getting started in KC and it was still very much a buyers market. 2009 was probably the most buyers market of them all (so 13 year cycle?). But I don't think the next cycle will ever get as ridiculous as early 2022 was. 

@Lynnette Pombo check around and see if you can get a LIABILITY policy only, without fire coverage.

We helped a client do that and the premiums went from $1200 annually to only $200.

That's a good idea.  Yes but if you ask me there are no fish here, the trees are just trees and it rains A LOT! The area is going to explode soon (it's already happening).  I am caught between keeping it a secret and wanting to sell them a place. 

That said, it's hard to make multifamily profitable unless you build.  Not a lot of inventory but there is enough land and demand is there for rentals.

 One thing we all need to keep in mind is we're not long removed from the most absurd sellers market (mid 2020 through mid 2022) in American history, so we may have a skewed view of what a buyer's and seller's market actually are. 

Thanks, @Jay Hinrichs for the advice.  I was hoping someone local would pop up but I will start looking inland.  There's a few subs here and some manufacturers have their own but you're right.  Trying to get help here is tough.  The biggest cost hurdle with prefab when you're rural is transportation. It costs a lot to drive a house.

 Yes, that one example you gave is where a new poster definitely got spanked. He got spanked so bad I felt sorry for him. Looking back on it, I don’t think he felt that bad about it probably. Some people have personalities that a little drama don’t cause them too much grief.