I want to get into real estate but 0.25 of an acre in my country costs 100k on average. Is it hopeless?

They can still be cheap, if you put in the sweat equity and build or partially build your own house. And many people collect used wood and windows and doors to keep costs down. So I do see pricey THOWs as well as those that work to keep a better bottom line.

No joke! A person can actually build or purchase a nice conventional house for $175,000. Maybe not in all states, but you can in Florida.

Not if you build them yourself. Mine was 10k and looks just as nice as any one I've seen on HGTV.

@@Bess9779 huh? Wdym conventional like a 1 bedroom mabey

Yes, let's face it, most people wanted to live cheaply and get rid of a lot of their possessions. This type of "living" sounds like so much work to obtain and maintain it doesn't seem worth it.

So much this haha.

Agreed! I actually left a comment on one of her videos inquiring about the permitting, considering none of the homes were on a foundation. I’m explaining about that in some videos I’m creating. 👌

@@ShortTermRookie Subscribed. One thing though: KD is a documentarian, and she travels all over doing these short films , so she may not know the ins and outs of permitting. The best thing is to try to reach out to the subjects of her films for permitting especially those who are in North America/USA. But still, people need to realize that there are challenges that will not be necessarily covered in those films.

@@EMSpdx Thank YOU, Edith! Ah, didn’t think of that - you make a vey good point and that’s very good advice. I may do that soon, when a property is of real interest. You might need to start making content to educate others as well :).

Agreed. I'm one of those crazy people. It takes a lot of time gathering salvaged materials. Then it takes a lot of time designing to use those materials. And I often run into it just not working so I have to start over. Lots of unused materials have to then be sold again or tossed. So yeah I can honestly say I remodel a normal 3/2 house from the studs in for around $15-20k which is crazy cheap but it takes me about 2 years full time. I consider my labor as free because it's a hobby for me. I couldn't make a living at it if I had to do it for other people because builders using new materials could charge half. But then I like the result of my remodels better because they always are unique. Some buyers will pay a little more for unique done well but that still wouldn't cover my actual labor. It doesn't scale very well.

3 approaches to determine value (appraisal theory): market, income & cost. Not preaching to you, Brinsley. Wondering if a lender would accept the other approaches? Generally, new construction can use the cost approach.

When Rob goes to the barber all he says is "2010 me bro." ETA this is a good video though. I didn't know you could argue about appraisals with banks. I am getting my rental appraised soon. Now I know what to do if the appraisal is low.

@@adeptronic An appraisal is nothing more than one man's opinion. His certificates give him credibly with the banks, that he has a professional level knowledge of the appraising process but but that's all he has over your opinion.

@@terrifictomm Yeah, the appraiser even asked me what I thought the house was worth. It seemed like he agreed with me after he found out that pretty much everything in the house was new.

@@adeptronic I did the same thing with my appraiser just before the econ collapse in '08. He told me he was busy as hell and how everyone was pressuring him to appraise their property higher and higher because of what "the market" was doing, but he was resisting. Problem was, if he got a reputation as someone who low-balled there was a chance he wouldn't get hired anymore or not as much. Everyone around that time was riding the bubble for all they could get before the music stopped. We all saw what happened when it finally did.

The hair is closer to Fresh Prince than Mentos Freshmaker.

That is bad and not were I would want to be when the a big storm hits.

I live in Oregon and thinking about doing this. Know any resources???

Same in Washington.

@@philshifley4731 You don’t really get “bad storms” in Oregon and California.

This is why I can't wrap my head around tiny homes. Just consider a single-wide instead 🤷

Yes just went thru a year of buying land putting in well and power with composting solutions excavation on supposedly unrestricted property, was not true lots of harassment the lumber went thru the roof, Hard to do as a single older female in this country.

Private property is not actually private. This is the reality in USA

You saved $80k on rent those two years you paid it off I would say it was worth it

I've heard this argument before. That a house is not an appreciating assert. Perhaps not. But it is a store of value, like gold. If you sell it for what you paid for it, you recover all the money you would have paid in rent so those years. If it has "appreciated" in value, you will be able to move and buy a home of equal somewhere else or greater value because you will qualify for a higher mortgage. I observed this in my old neighborhood in Las Vegas. My white neighbor didn't appreciate all of the blacks moving in so he and his Mexican wife did their home and moved several miles away but purchased a home of equal value but in a "lighter" neighborhood. My other neighbor was experiencing economic pressure from health issues and ostensibly for that reason sold his house. Coincidentally, it was just after we'd had two random shootings in two weeks and his move was also lateral. So no economic benefit. Shortly thereafter the worldwide housing market crashed. I'm not sure how the two families ultimately made out.

@@terrifictomm I'M currently trying to get a cardinal by resort cottages out of Texas & last year the exact model was 64k &, now is 85k BUT still better than a $140k + house. I'm just wondering w 20k down if I'll be able to get a RV loan for 65k. My fico is 691 & I have excellent payment history for 2 cars. However no credit cards so aka thin credit. After putting it on land & after paid off on a foundation I agree I definitely don't see it as depreciating.

If you don't mind my asking was it hard to get a RV loan? The model I want is now 85k (was only 64k last year) & I have $20k to put down. My fico score is 691 & am about to buy 1 acre. However I don't have any credit cards aka thin credit history. I do at least have excellent payment history- from 2 cars. But I'm worried about finding a RV loan that would be for 15 years for 65k.

@@WarmongerYT I just wrote a very long reply to you, published it, and UKposts ATE it! I'm so pissed off at UKposts, this is not the first time. it's been happening more and more so I'd taken to copying and saving some of my comments until I was sure they had posted. I thought it might be UKposts censorship so I didn't think it would happen to this post. But it did. Just a crappy software glitch, I guess. Give me some time to recharge and I'll respond again. It won't be revelatory. Just helpful, I hope.

You're forgetting the biggest enemy, the banks. The "american dream" was created by the banks as a way to issue loans.

If the State or county thinks they are going to keep me from having my own home on my own property, they had better have a loooot of kevlar.

@@Beuwen_The_Dragon Exactly! We live in such a greedy and dictative world it's pathetic. No one should dictate how you want to live. Taxes are illegal anyways.

@@jessiwhitt870 how are taxes illegal lmao

@@happybeetz They are illegal because the government is taking your earnings that you have worked hard for and then pocketing that money as their own. If you don't pay yearly taxes you go to jail. How do you think all those people in power are millionaires? Why do you think our system is so flawed, or there is poverty and crappy roads and buildings everywhere. They are supposed to take our money to put back into the community but they don't. It's just actively stealing a huge portion of our wages. It's just a way to control the people.

He built both for less than $200k which seems actually pretty cheap in my opinion

As someone who grew up in a large city, I think part of it is that the tiny homes are cheap compared to houses in urban areas. And for people who don't have land yet, a smaller house might allow them to park on someone else's land. Though I have seen videos where people said they managed to build a tiny house for that cheap. Salvaged woods, reused windows and using their own labor cuts down on the costs a lot I believe.

Land 5k materials including woodstove 1200 gallon tank and solar 8k thats 13 k I did the work soooo what the he c k you all trying to have?

Yep capitalism at its finest. The government and banks don't want you to live a debt free and simple life. They want to make their millions off the backs of the American people so therefore you can't "own" anything.

@@taylorthompson3788 yeah I live in a small town in Maine and sometimes there isn’t even a single house in my town under about $500k on zillow

Buy a studio apartment and divide it yourself.

Don't believe it. Stupid UKposts VIDEOS got me in trouble. I guess I was just stupid enough to believe what people say in these videos. I thought being in construction most of my life, I could build a tiny cheap & quick. And man was I wrong. I'm 7 months into & I'm not even half way there. And spent a good 50 grand so far. And made this my full time job. 8 to 10 hour days. My buddy who a professional carpenter has been holding my hand & fixing all my mistakes. Because if you never built a house before, you will make every mistake there is in the book. I never realized there's so much to carpentry. So much that you can't put it all in a video. Or explain it to someone, because it's a lot of hard work. Like my friend said anyone can build a house. But that doesn't make it right, it can be held together with bubble gum. If your like me I want it done right. I want a house that feels like a house. Anyways this is gonna take me well over a year. And like I said that's as a full time job. And lots of the work you'll need two people to do it. I hope this helps someone. Because before I got into this mess I was in a UKposts bubble. And 99 percent of what's on these videos is BS. So believe me there's alot of bad things, but people want you to watch there videos to get them views. It's not all what it's cracked up to be

I see the blip there, but how were you able to actually freeze that so you could see that it was he and his wife? I've tried and tried and it just flies by each time!

@@carolewarner101 haha I slowed it down to .25 playback speed in order to see it. Then paused it at 19:52. xD

Building a 40 foot tiny & it's a nightmare. I wish I didn't listen to UKposts. Because it's a completely different experience then I thought. I guess if you build house for a living your ok. But if you never built a house beore watch out. Because your gonna make every mistake in the book. And don't watch how to videos on UKposts. Have a professional carpenter that knows what there talking about, to at least check your work. Build a house isn't as easy as people think. I'm 7 months in & I'm not even half way finished. And thats working 40 plus hous a week.

That's just dumb. You still have to pay personal property tax on your RV but you will have nothing to show for it after it ages. Also, financial institutions do know how to appraise them but consider the people borrowing for "tiny houses" a poor risk unlike real RV owners.

Do you think its possible to build an absolutely tiny house with all necessities in coastal Nc? I'd love to build an absolutely cheap cheap house, but I could imagine that with hurricanes that it would be hard. Do you think I could pay more for a better foundation and structure to withstand hurricanes, and then would it be easier to get it insured?

@@Jake-te8et My license is for my state alone, so take what I say as opinioned advice, not legal guidance or fact. Having the land and foundation is a big help, but you have to look at the area's building codes and make sure they are up to code, and ask your insurance agent what they can legally cover. otherwise, you'd have to talk to specific insurance companies specifically for Tiny homes, and they may not be cheap. Hurricanes aren't something we deal with here, but I can imagine that your agent will say if it's easier to float away or a high flood zone, that will raise costs and you'd have to get flood insurance. My advice is to research what you want to build; is it with bricks, storage containers, or wood? What can I legally build and be considered a single-unit dwelling? Many people have to have insurance for their lake houses, and those are cabins, so I'd ask your local agent-- as they should know the laws or and direct you to where to go to find the information. Out where we live, if you are outside the city, you can buy a shed and live in it IF its up to the codes that insurance and local laws require, but that's the midwest. It depends on the square feet you are building, what you are building with, and the location. When it comes to price, they don't really care, except to make sure you are covered in case of a loss. So if you build a functioning cabin cheaply or with recycled parts, that's not a problem as long as it's up to code, safe, and no hazards or risks of loss. Also, you'll have to consider the price of lumber and metals right now due to the pandemic. If you were building a mobile tiny house, you could make sure the codes and customization are within RV certification to get RV insurance. You also have to consider if you can build with a loan, as many banks won't classify it as a mortgage, but a personal loan, and those are higher interest rates. As he says in another video, land and location matter. If it's a side project over time and not for right away, you may be able to get construction insurance in case of damages before completion too. So to summarize: 1research your local laws and value for the land you want to purchase (and if it has the channels for sewer, water, and electricity already in place) 2 talk to local insurance agents and county appraisers about what requirements need to be met 3 talk to your bank on what they can allow for funding if you need a loan. 4. research on what you want to build and if its for-profit or personal That's the only advice I can give is talk to local experts and research! Hope that helps...

Hey I live in Maine! I could totally live in a tiny house for a few years. Might be cheaper for me to get an apartment tho since you can get a 1 bed for $1500 a month…idk all I know is I’m 25 and I can’t afford $500k for a basic house OR $1500 for an apartment lol

Hey! How did the code reviews go?

Wow, that will pay it off in two years and a little even as a long term rental...way to go!

That’s the best route!

@@WillEdmond I agree. Tried. Tested. True. In Canada Eh.

He did

I think you should build a 20x20 garage, slab 3200.00, plumbing 2500.00, shell 10,000

@@erikcable1755 Actually, eventually, I want to build a 3-bay garage with carriage house. However, of the 3 acres, 2.25 still need to be cleared from woods so that there's a permanent place to put it. And by the time we get to that point (within 5 years) I'll have the $$ for it. But in the meantime, I need to improve the situation I'm in, and the tiny house will serve as guest housing for when my other adult kids come down to visit after I've built my carriage house.

Right, but an RV depreciates similar to any other motor vehicle so not a good investment compared to a fixed asset

@@kristinf785 I would agree that an RV, aka "Tiny house", is not an investment since you can buy one with a credit card. They are not really houses at all but merely a shelter from the elements and not very good shelter at that. They belong in a trailer parks and not in any neighborhood I'm would invest in.

@@philshifley4731 that’s exactly what I said, read again…I’ll requote myself “depreciates like any motor vehicle” and “not a good investment”

@@kristinf785the fixed asset is the land..

Yessir

That's the crazy thing about it. Tiny homes back in the day all started as a way to have a home for 10 to 20k. You can still do it, just have to keep it simple. Heck we build our off grid 700sq ft cabin for 10k.

You can turn a shed into a tiny home. This is much cheaper than using a contractor to start from scratch.

@@kimieann1975 nothing changed except builders started making THOWs or tiny houses on foundations. And pumping up prices due to tiny homes being rather trendy recently. Before it was just self-built diyers. Which is still the only way tiny homes make sense financially.

@@miavaughn2393 so true. Before it was diy with tons of upcycling built in. Now I've even seen mobile home dealers building some trailers that would be considered a tiny home.

Location Location Location, try building in America instead of Amerika sonny.

Right. What truly appreciates is the location- and THAT can 'depreciate'. I mean (waves in direction of Midwestern cities)

Have you looked into the permit process in Maine? Is it fairly easy? We have been thinking about New Hampshire as well. Any information you have would help. Thanks!

It legal just about every place. But you have to park it in a trailer park were it belongs.