I am a first time buyer. Is it practical to buy a shipping container home? by @MAMcConnell

Answer by Andrew Mcconnell:

This shipping container home in Palma de Mallorca, Balearic Islands (Spain) rents out for $144/night.

This shipping container home in Brooklyn, New York (United States) rents out for $159/night.

A shipping container room (in Container City II) in London (United Kingdom) used to rent out for $199/night.

This shipping container home in Stainty-sur-Seine, Ile-de-France (France) rents out for $92/night.

This shipping container home in Livingston, Montana (United States) rents out for $170/night.

This shipping container home in Eindhoven, North Brabant (Netherlands) rents out for $58/night.

This shipping container home in Carolina Beach, North Carolina (United States) rents out for $150/night.

This shipping container home in Joshua Tree, California (United States) rents out for $175/night.

I believe that once you have enought money saved up and have found an affordable lot, it is absolutely practical to buy a shipping container home.

Just don’t stay there yourself.

It is an investment that gives you the best of both worlds. Spruce it up and bring in the rental income while you:

  • take advantage of the flexibility of being a renter not tied down to one location
  • live in a real apartment/home (remember, shipping containers are “a nice place to visit”)

When you are ready, you can check out annual short-term rental income projections by lot address using a rental grader tool I recently helped put together with the help of some other experienced professionals in the industry.

I am a first time buyer. Is it practical to buy a shipping container home?