Mobile Home Investing in Connecticut
Hi
I'm curious to know if anyone has had success with MH investing in Connecticut. I've heard that quite of few of the MH parks in CT prefer owner occupants vice investors. Not sure if this is really true so I'm reaching out to the BP community to confirm this.
I see a fair amount of MLS listings in my area at very affordable prices. However, most of them reside within MH parks which of course brings lot rent into the picture. I've seen $258/mth up to $500/mth or more! There's also the issue of finding a qualified tenant. Would they have to be fully vetted by the MH park owners? I'm sure they would! I also fully understand that equity appreciation is not part of the equation here but I think there my be opportunity for decent cash flow in the right area. Which is what I'm primarily interested in.
I do know someone who lives in a MH on private property so I do have some insight into mobile home living just not from a park perspective.
Anyway, any input would be appreciated!
Jim