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How To Finance A Tiny House !! - Printable Version

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How To Finance A Tiny House !! - HinshawOlga - 06-04-2017 04:43 PM

Of course, the best option for building or buying a tiny house is funding the purchase or build yourself. That way you can pay for what you need straight up, without worrying about interest rates and getting into debt.

But not everyone has thousands of dollars sitting around in their bank account…

Friends and Family

Your second best bet might be to borrow the money you need from someone you’re close to. If you go this route, you’ll want to come up with an agreement that suits you both and that doesn’t leave your friend out of pocket.

Greg Parham at Rocky Mountain Tiny Houses suggests going with an interest rate of 8-10%, to ensure that your friend gets a return on their investment and that you don’t lose out too much.