How Six Tiny Communities Can Shake Up the Housing Market!
Even a tiny group of people can change access to tiny house land – how? By pooling resources, even a tiny small group of five people can achieve the benefits of land ownership at a fraction of the cost of going it alone.
Below, we explore six real-life business cases where group land acquisition can open the door to tiny home communities.
Potential Rental Income minus Mortgage per Investor: $294
Quick Glance Table for Buck Horn Trail:
2. Juarez Rd, Colorado, APN: 70204000
Image source: Aaron & Nan Kennard, North Star Land
Total Property Cost: $10,997
Land Size: 5 acres
Community Members: 5
Ownership per person: 1 acre
Cost per person: $2,199
Monthly Advantage:
Potential Rental Income minus Mortgage per Investor: $287
Key Details for Juarez Rd:
3. Coochee Trail, Guffey, CO
Image Source: Adam Wilkerson, USA Raw Land
Total Property Cost: $15,450
Land Size: 4.8 acres
Community Members: 5
Ownership per person: 0.96 acres
Cost per person: $3,090
Monthly Advantage:
Potential Rental Income minus Mortgage per Investor: $270.27
Investment Overview for Coochee Trail:
4. Fort Garland, CO
Image Source: Roy Donaldson, Open World Property, LLC
Total Property Cost: $8,300
Land Size: 5 acres
Community Members: 5
Ownership per person: 1 acre
Cost per person: $1,660
Monthly Advantage:
Rental Income minus Mortgage per Investor: $290.48
Snapshot for Fort Garland:
5. Sandoval Road, Fort Garland, CO
Image Source: Mimi Schmidt, Part N Parcel
Total Property Cost: $17,000
Land Size: 5.3 acres
Community Members: 5
Ownership per person: 1.06 acres
Cost per person: $3,400
Monthly Advantage:
Potential Rental Income minus Mortgage per Investor: $280
Sandoval Road Breakdown:
6. Mesa Dr E, San Luis, CO
Total Property Cost: $14,900
Land Size: 2.03 acres
Community Members: 5
Ownership per person: 0.406 acres
Cost per person: $2,980
Monthly Advantage:
Potential Rental Income minus Mortgage per Investor: $12
At-a-glance for Mesa Dr E:
Conclusion: The Power of Community is ALL it takes to make it happen!
The six business cases presented illustrate the impact and advantages of community-driven group land purchasing for potential tiny house communities. Each example showcases how pooling financial resources among a group of investors can significantly reduce the individual cost, making land ownership accessible and affordable.
Key Benefits Highlighted by These Cases:
1. Reduced Financial Burden: By sharing the costs, individual contributions become manageable. This affordability factor enables people from various economic backgrounds to invest in property that might otherwise be out of reach.
2. Increased Accessibility to Desirable Locations: Properties in locations like Colorado and California, known for their natural beauty and high real estate prices, become attainable through collective efforts.
3. Building Communities: Group land purchasing doesn’t just create physical spaces but fosters a sense of community among investors. It lays the groundwork for everyone to be part of a supportive and collaborative environment, essential for the success of tiny house living.
4. Rental Income Opportunities: As demonstrated, even after managing mortgage costs, there remains a potential for generating positive cash flow through rental income. This can be an attractive additional incentive for investors, supplementing their income or covering ongoing community expenses.
5. Shared Responsibility: Managing land and property is a significant undertaking. Through group purchasing, responsibilities such as maintenance, security, and development can be shared, reducing the pressure on individual owners.
6. Empowerment Through Collective Decision-Making: As part of a group, investors have a voice in decision-making processes that affect their investment and lifestyle. This collaborative approach can lead to more democratic and community-focused outcomes, enhancing the living experience.
These cases prove that when individuals unite with a common goal, the power of tiny community can transform the daunting task of land acquisition into an achievable, rewarding venture.
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