345: Housing Supply Crisis - Building With Shipping Containers

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 By texting "EQRP" to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply "STOP" to cancel. Best Financial Education: GetRichEducation.com Get our free, wealth-building "Don't Quit Your Daydream Letter": www.GetRichEducation.com/Letter Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold