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Updated over 1 year ago on . Most recent reply

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Manuela Oprea
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What data or platforms do you use to vet MHP investments?

Manuela Oprea
Posted

Hello, I'm fairly new to MHP investing and I'm looking for data or research that can help me vet opportunities. Any suggestions? 

Thanks 

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Michael A Pansolini
  • New York, NY
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Michael A Pansolini
  • New York, NY
Replied

Manufactured Housing data available for public consumption is sparse (There is definitely an opportunity for someone to build a database with relevant market and submarket level data including MHC rents, occupancy levels, and average resident household income (to name only a few). There are strategies that institutional investors use to approximate market rent by looking at neighboring multifamily. Further, you could "apply" for residency in a neighboring community to find out what they are charging and then depending on the quality of your community and its class (A+ through C-) you can decide to increase or decrease rent from there. I'd also look into the employment and median household incomes in the area to determine whether they are in the ballpark for your target demographic. Please feel free to reach out to me to discuss specifics. I'm happy to help.

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