AN entrepreneur has shared how a $3,500 Tuff Shed from The Home Depot can be converted into a tiny home without a credit check.
TikToker Mike (@amodernnomad) shared a video explaining whether buying or renting a Tuff Shed to turn into a tiny home was better.
Mike shared that buyers can purchase or even rent through rent to own without any credit checks.
He said: “When you go to purchase the shed you’re given two options, purchase it outright or rent to own.”
Mike advised that purchasing outright is the better and cheaper option.
He said: “If you can pull it off I would just do that.”
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Mike added, however, that rent to own is not always a bad option, especially for renters.
He added: “When you purchase your shed, they're going to give you a monthly rate. Say for example $100 a month, 60% of that goes towards the cost of the shed and 40% of that is interest.
“Once your shed is paid off, it belongs to you and you don’t have to make any more payments on it."
Mike had an important suggestion for renters.
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He added: “Say for example you live in an apartment that costs $1,000 per month, you have enough money to convert the shed but you just don’t have enough money to purchase it.
"If you rent to own for $100 per month, that’ll save you $900 per month on your rent you can put that towards the cost of the shed and pay it off even faster.”
Mike's TikTok account has over 47,000 followers, and he often shares videos and tips on tiny homes.
Mike also has a YouTube account (@modernnomad6295), with over 500 subscribers, where he shares vlogs of journey's in his tiny home.
The self-proclaimed modern nomad is currently living in Oklahoma but credits the freedom of his tiny home for allowing him to move from place to place.
Mike has said he moved into a tiny house after financial hardships arose during the Covid-19 pandemic.
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