ilmscore | I bought a TINY HOME and turned it into a RENTAL

I bought a TINY HOME and turned it into a RENTAL

Published: 2020-09-22
Status: Available | Analyzed

Predictions from this Video

Total: 9
Correct: 0
Incorrect: 0
Pending: 9
Unrated: 0
Prediction
Topic
Status
The speaker plans to own 100 or more tiny houses within the next five years due to high demand.
"and in fact that's kind of one of my five-year plans was to have a hundred tiny houses maybe even more because the demand for these houses is is here"
Tiny Houses
Pending
The speaker aims to build new tiny houses within the next five years.
"I would love to do new builds on these someday and that's kind of my goal over the next five years"
Tiny House Construction
Pending
Tiny houses are considered a wonderful real estate investment option, particularly in Ohio.
"I'm in ohio so i can buy these things pretty regularly but i think it's a wonderful option for investors"
Real Estate Investment
Pending
The speaker plans to pursue new tiny house builds as an investment goal over the next five years.
"I would love to do new builds on these someday and that's kind of my goal over the next five years"
Tiny House Market
Pending
Contrary to popular belief, 97% of the US is eligible for USDA home loans, not just rural areas.
"now when a lot of people hear the usda they think rural locations this isn't true here's a map of where i live approximately and only the highlighted areas are ineligible zones everything that's white on the map which is 97 percent of the us is eligible"
USDA Home Loans
Pending
The speaker intends to acquire 100 tiny houses as part of a five-year investment plan, despite the higher turnover rate.
"even with the higher turnover rate i would still totally buy a hundred of these and in fact that's kind of one of my five-year plans was to have a hundred tiny houses"
Tiny House Investment
Pending
The USDA home loan program can be used for house hacking, where renting out rooms can help cover the mortgage, provided the applicant is low-income with a credit score of 580 or higher.
"now you do have to be a low income household have a 580 plus credit score but you could use this as a house hack rent out a couple rooms for a couple hundred dollars a month to pay your mortgage"
USDAPrime Loan Program
Pending
The USDA loan program can be used for house hacking, where rental income from rooms can cover the mortgage payments.
"you could use this as a house hack rent out a couple rooms for a couple hundred dollars a month to pay your mortgage which makes this thing really cool"
USDA Loan Program
Pending
There is high demand for tiny houses, with rentals typically being filled within one week of becoming available.
"the demand for these houses is is here my even though my turnover rate i think i'll be on my fourth tenant in six years which is high compared to my portfolio i get these written dot within one week of it being available one week is all it takes"
Tiny House Demand
Pending