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.