TINY HOUSE LOANS YOUR QUICK GUIDE TO TINY HOUSE LOANS

Transcription

1 TINY HOUSE LOANS YOUR QUICK GUIDE TO TINY HOUSE LOANS ALEX PINO

2 Disclaimer The ideas in this book are the authors observations and opinions and should not be taken as professional or financial advice. Please consult a professional for actual financial, real estate, and other advice. For legal purposes this book is for informational and entertainment purposes only. Redistributing this book You are free to share this book with anyone you want. It s a free resource to the public. You can send it to your friends, you can print it out and give it to someone, and you can even give it away to your blog readers as long as you agree not to edit, re-create or call it your own. Thank you for reading I m glad you re reading this because that means you are looking for a smarter, better way to live. This movement towards simplicity is helping people change their lives for the better on a daily basis. Thanks to people like you, we will continue to encourage and help others to build a life on their own terms and live with purpose. How this book works You will find links throughout this book that will take you to third party websites where you can learn more. In some cases you will be using what s known as an affiliate link to get there. I may earn commissions for sales to some of these affiliate links, but not all. This book also contains other creative ideas on how to finance your own tiny house project. If you d like to write me a note my is alex@tinyhousetalk.com. Thank you! Self Published on February 18, Tiny House Media LLC. All Rights Reserved. Cover Image Julos bigstockphoto #

3 TINY HOUSE LOANS Outline Introduction Why loans for tiny houses Is a loan right for you? How this book will help Tiny House Loans Traditional Banks RV Loans Credit Cards Mortgages Peer to Peer Lending Prosper LendingClub Fundraising Kickstarter Indiegogo GoFundMe Traditional Work & Save Cash Conclusion Thank you Free updates

4 Introduction How This Book Will Help You This book was put together so that you can figure out if a tiny house loan is right for you. And if so, show you the options on where and how you can get one. When you re done reading you ll know your options in the tiny house loans world as well as whether or not a loan is actually a good option for you or not. Why a tiny house loan? Tiny house loans are useful if you don t have enough money to pay for your tiny house up front. Whether this means paying for your building materials or paying to buy a tiny house that s built for you. If you have a good recent credit history and a pretty decent credit score it s likely that you ll have options in regards to getting a loan for your tiny house project. If that s not the case, and you have bad credit at the moment, one way is to save up the cash to buy materials and build as you go, unless a tiny house builder will finance you which is a possibility in some cases. Another way is to use creative fundraising systems and strategies to raise money for your project if you re willing and open to go that route. The resources you need to get started are in this book. Whatever situation you might be in right now, I encourage you to take a look at the tiny house loan and fundraising resources within these pages and help us spread the word about the tiny house movement by sharing this book with someone you know who might also appreciate it. Thank you, Alex Pino TinyHouseTalk.com

5 What You Learn In This Book About Tiny House Loans How to find peer-to-peer tiny house lending and investing opportunities How to get approved for a traditional RV loan for your tiny house How you can use credit cards to fund your tiny house project with low interest rates How to use new credit cards with 0% interest rates to pay for some of your major tiny house materials Creative fundraising strategies to get money for your tiny house project even if your credit isn t good Traditional methods to finance without loans, build your tiny house yourself, and pay little by little as you do it completely debt-free

6 Traditional Tiny House Loans Getting a Traditional RV Loan for Your Tiny House from a Traditional Bank Yes! You can get traditional banks to finance your tiny house on wheels by applying for a normal RV loan at your local credit union or other banking institution. Just make sure you are buying an RVIA certified tiny house on wheels to make the process as easy as possible. This also makes it really easy to get insurance for your tiny house, too, because it s really just a travel trailer. Tumbleweed Houses and Tennessee Tiny Homes both offer and build RVIA certified tiny homes. Using Credit Cards to Finance Your Tiny House with Zero Interest? I normally don t recommend this to anybody. But if you re credit card savvy and have a good credit score (and relatively high income and/or cash), this might be a great option for you! The strategy is to apply for new credit cards that will give you 0% interest rates for the first several months (up to 18 months!) that you have your card. So as you make minimum monthly payments and pay off the balance before this period is over, you can borrow money using your credit card for free. In some cases, you might even be able to make money doing it because of reward points. Did you know you can actually use credit cards to your advantage like that? That s why I don t always recommend for people to cut their credit cards because there are ways you can use them to your advantage.

7 Even if you have a credit card already and it offers reward points you can use it for as many purchases that you normally make already, pay off the full balance every month, and they normally won t charge you any interest. And you can earn reward points. Pretty cool, right? Zero Interest Credit Cards pubkey=rfsvdj8nouc11yt1&categoryid=1&pgsz=0 Getting a Normal Mortgage for Your Small House If you re building a small home on a foundation then you might be able to qualify for a traditional mortgage with your bank. You ll just have to make sure that your house meets local code and zoning requirements. Another way to get a traditional loan for a small house is to build a guest house on an existing property that already has a home. Guest houses can be built smaller than normal homes in many neighborhoods with city and county approval. So essentially you can buy a normal home, build a small guest house, and rent out the larger home for income while you live simply in your new small home. Just make sure to do your due diligence and make sure that this is possible in your prospective neighborhood and lot. Do your local research. Another idea is to have an architect draw you up plans for the lot you want that includes a guest house and a normal house and then propose that you will be building the guest house first. Just double check with your local real estate and zoning lawyer to make sure you can do it without issues. I ve seen a few cases where this has been done. But yes, eventually you do have to build the normal house which you can later rent or use yourself. Finally, when getting a mortgage, I recommend using a local credit union so you can get the lowest interest rates and fees on your mortgage. Next we ll cover un-traditional financing options.

8 Peer to Peer Tiny House Loans Using Peer to Peer Loans for Your Tiny House I love peer-to-peer lending because it allows every day people like you and me to be the bank. Isn t that a cool concept? It means you can apply for a loan using a peer-to-peer lending service as long as you are in a participating state. And what happens is everyday people can lend you money. That means your loan comes from up to hundreds of different people. And the interest you pay goes to them. Not a giant, corporate bank. Pretty awesome, isn t it? It s definitely something that s still relatively new but it s growing! So give it a shot if you want to earn interest by lending to tiny house people or if you want to borrow money from others (instead of from banks) to build your own tiny house. There are two third party services that I know of that you might be able to use (depending on where you live). I recommend propser.com. Find out using the third party affiliate links below. Prosper LendingClub

9 Fundraising for Tiny Houses How to Raise Money for Your Tiny House Project Thanks to the internet and social media raising money has become easier than ever. You can use a few key websites and services to help you raise money for your own tiny house project. But how do you make it a success? How do you make sure that you do get to raise your money? Great question! Because most people s tiny house fund raising campaigns don t meet their goals. But I can tell you why. It s because of two reasons. The first is that they re most likely not giving away value in exchange for money. And that s just a must for success here! With fundraising, it s not like you re creating a loan, so you have to at least offer to deliver value to the people who are offering to give you money. How do you do this? Many ways! You can create products and services to give away for different levels of donations. Hand-made products, digital products, services, just about anything will work! You can put together an ebook, digital photo set, a series of videos, t- shirts, and more.

10 The second reason that tiny house fundraising efforts fail is that they don t spread the word about their campaign and offerings to the right people. Unfortunately, some people do a great job in this area (but not so great in the offering value back to the community part) which also leads to failure in raising funds. So you want raise enough money to build your humble home, right? Then make sure you do both of these things! :) The services below will help you get started with an online fundraiser. Once you visit those websites, take a look around and find some successful fundraising campaigns to take note of the value they offer in exchange for donations so you can model yours based on a successful fundraising campaign. Reminder: the key is to offer lots of value in exchange for donations. Ideas: ebooks, reports, guides, videos, courses, and blueprints. Kickstarter IndieGoGo GoFundMe

11 Traditional Fundraising Work & Save Up Cash for Your Tiny House! One of the best ways to avoid debt is to avoid loans all together. This means Forget about everything else in this book, keep working hard, and save up cash for your tiny house So you can either build it yourself or buy it from a builder. If you don t have a lot of spare time and make a lot of money at your job, hiring a builder is probably a good idea.

12 I hope this quick report on tiny house loans has helped you generate some ideas and enthusiasm as to how you re going to raise money for your own tiny house. I encourage you to take the next step by creating a long-term game plan on how you might be able to make it a reality. And by this time, you should have a better idea of what route you re going to be taken in terms of your future options for small houses. Are you going to go tiny or small? Will you build it yourself or hire it out to a builder or contractor instead? What strategy will you use to build as small as you d like? Will you build tiny on a trailer or on your own lot with a foundation? Ask yourself these questions with a journal in front of you and see which ideas resonate best with you. And if you re still not sure, maybe you should take a few tiny house vacations? Or just keep researching and sketching your own ideas online.

13 Thank You Thank you for reading this report. I m glad that you believe in affordable tiny and small houses too. We both know that we need more because they help people like us (and our parents, and our kids) gain freedom, peace and happiness. They re great for people and they re great for earth, too. Plus, they teach us how to be humble and happy. I d love your help spreading the word on tiny and small homes. You can do that for free by sharing this book with anyone who might be interested. Just point them to tinyhouseloans.com. Or you can send them this PDF file. Or you can even put this up on your own blog or website for others to download. You can give it away any way that you d like. Free Updates Future updates of this book might be available to you in the future. If you want me to let you know when we update this book just enter your over at tinyhouseloans.com (if you haven t already) and I ll stay in touch. In addition you ll receive my free daily tiny house newsletter which will keep you full of fresh new ideas and inspiration for small space living. I look forward to serving you again soon. Spread the Word This book is a free public resource so you are free to share it with as many people as you d like to help us spread the word about tiny houses and personal freedom. The easiest way is to share is to point to TinyHouseLoans.com. Thank you, Alex Pino