I'm looking to develop a tiny home community consisting of 4 tiny homes. I own the two lots and could use them as collateral. I also have amazing credit without any debt. I would rent the homes. I've done a test ad to feel out my market and it seems like it will be a huge success! I would prefer to maintain ownership of this community.
I am doing something very similar right now with shipping containers. Personally, I don't think you should try to raise start-up funding for a business like this. If your credit is great, a small bank loan is all you need. People do this all the time and you're at an advantage because tiny homes are so cheap! If you don't want to take a loan, start looking locally and network with a developer in your area. They may have the Capitol and could be interested in a project like this (that's what we did).
Answered 9 years ago
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