Real Estate Agent · Rockwall TX · Member since 2012 · 13 posts · 1 vote
Recently been noticing investors buying LOTS and putting modular onsite for a buy/hold strategy that seems to make sense- long term. Have any of you done this and seeing I have been running into quite a few folks thinking of listing lots- wonder if I can find a big enough market of folks who want to go this way....(last one put up a modular Duplex/2 rental units- very very nicely done- pretty amazing property- he is all buy/hold)-
Looking for feedback/discussion- does not have to be CT could be anywhere- CT is just where I happen to be and am noticing this trend... Was not sure WHICH Forum to place this in so @Joshua D.
if I chose the wrong one- feel free to change accordingly (just let me know where it is so I can follow up!) thanks!
@Dawn McNary I have thought about using the same strategy here in CT. What specific areas of Connecticut do you see people doing this type of development?
I've thought about trying this strategy too. I'd love to hear more about where in Connecticut it's working well. I was thinking possibly the Farmington Valley area.
@Dawn McNary - Have you checked with the Modular Home Sales Center in Colchester? It has been there for years and seems to do a good business. I have not done business with them myself but was reminded of them when I was at my home on Lake Hayward this summer.
I personally don't think new construction is in worth it in CT just yet but glad to hear a few people taking that challenge. I still see new construction sitting on the market from some contractors taking risk. But maybe in a long term buy and hold it may just work. I would think it would have to be a multi unit complex not just a duplex.