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 [phone].

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