345: Housing Supply Crisis - Building With Shipping Containers

Get Rich Education

Keith Weinhold

Realestateinvesting, Income, Passiveincome, Money, Business, Wealth, Investing, Careers, Realestate, Kiyosaki, Real, Rich, Creatingwealth

4.3 • 602 Ratings

🗓️ 17 May 2021

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A shipping container costs less than $5,000. Why doesn’t America build more housing with them?

Gregg Cohen of JWB Real Estate Capital in Jacksonville, FL reveals how their 18-unit shipping container apartment complex created financial loss.

The shipping container apartments are 320 square feet each.

Learn about: what a vertically integrated company is, build-to-rent homes, turnkey real estate, the pros and cons of shipping container housing, permitting, and zoning constraints.

Making shipping containers livable adds expense: windows, heating, cooling, electricity, water, ventilation and fire safety.

JWB blew their budget! $1.3M budget vs. $2M reality.

Gregg estimates that shipping container building costs them 20-30% more than conventional wood frame construction.

Their non-pandemic rent collection = 98.5%

In-pandemic rent collection worst = 97%

2020 rent collection total = 98%

JWB has available inventory of Jacksonville income property now - during the housing supply crisis. How can they do that? He tells us.

If you seek more income property, start at: www.CashFlowAndGrowth.com or phone (904) 677-6777.

Resources mentioned:

Show Notes:

www.GetRichEducation.com/345

JWB’s available Florida income property:

www.CashFlowAndGrowth.com

JWB’s Facebook Group:

www.JWBFacebookGroup.com

Get mortgage loans for investment property:

RidgeLendingGroup.com

Ali Boone’s Recommended Book:

https://amzn.to/2NsMVlF

EQRPs: text “EQRP” in ALL CAPS to 72000 or:

eQRP.co

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Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to GRE. I'm your host Keith Weinhold. As America deals with the housing supply crisis today,
0:06.4	one inexpensive way to cope with the shortage is to try to build inexpensively with shipping containers.
0:12.5	We look at a case study with an American real estate leader in their shipping container apartment project and more today on get rich education a lot of investors
0:25.5	choose either cash flow or home price appreciation but one real estate market could provide both
0:30.8	jacksonville florida with 27% lower home prices than the national median and one percent higher
0:36.8	rents their market has appreciated
0:38.5	34% more than other comparable cash flow markets over the last 30 years. Get positive cash flow
0:44.9	today and appreciation for tomorrow. They often have available inventory in Jacksonville,
0:51.4	start at cash flow and growth.com.
0:55.9	Hey, is your IRA in a real estate syndication?
0:59.0	Yikes, a 37% Ubit tax could hit you, but you still have a chance to set up your EQRP and
1:05.2	avoid this.
1:06.3	Did you make too much money in 2020 and need more deductions?
1:09.5	Now federal law lets you set up in
1:11.3	EQRP in 2021 and get deductions for last year. Yeah, retroactively. Even put old IRA and 401k
1:19.0	money in Bitcoin, gold or your own business. Get control of all of your retirement money, tax and
1:24.3	penalty free. Text EQRP in all capital letters to 72,000.
1:31.3	You're listening to the show that has created more financial freedom than nearly any show in the world.
1:38.7	This is Get Rich Education.
1:54.3	Thank you. Get Rich Education. Welcome to GRE from Saratoga, California to Saratoga Springs, New York, and across 188 nations worldwide.
2:01.6	I'm Keith Weinhold. This is GetRish Education as we talk about innovative ways to tackle this chronic shortage of housing supply in America today.
2:11.6	This is part two of three in this, I guess, interstitially released housing supply crisis series.
	...

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