Investing in mobile homes in Texas - Posted by Arnold Bell

import · January 17, 2003, 3:35pm

Posted by Donovan (TX) on January 23, 2003 at 22:15:28:

gary,
I too live in the San Antonio area (Canyon Lake, just north of San Antonio). Although I have not done any “Lonnie deals” yet, I do own 3 MH’s as rental properties. I plan on trying some Lonnie deals this summer. I will try to answer your questions as best as possible, but I don’t know how much help I can provide. Email me, if you like.

import · January 17, 2003, 3:35pm

Posted by Arnold Bell on January 17, 2003 at 16:35:00:

I live in north central Texas and have been brokering notes but have read Lonnie “Deals On Wheels” and will begin to invest in mobile homes. My question is how do I get around the Manufactured Homes Act that require you to obtain a Dealer’s or Broker’s license if you will sell more than one mobile home within a twelve month period? Can any other mobile home investor tell me what they are doing? Thanks, ARNOLD

import · January 17, 2003, 4:55pm

Re: Investing in mobile homes in Texas - Posted by Gary TX

Posted by Gary TX on January 17, 2003 at 17:55:21:

Arnold,
You can have alot of friends and family members sell them for you and use their names. But you are taking a liability chance with alot of different people.

I went ahead and got my license. You can move your license to different locations. It’s real simply to float your license to different locations.

Do a couple deals and see if this is what you like and then spend some money on a bond and a license. Sure, it is expensive, but thats part of doing business.

Your customers will pay for it.
Gary

import · January 17, 2003, 7:39pm

Re: Investing in mobile homes in Texas - Posted by Sean

Posted by Sean on January 17, 2003 at 20:39:25:

Gary:

I live in San Antonio and would like to invest in mobile homes. If you don’t mind, please send me an email. I’d like to ask you a few questions and discuss the mobile home business in Texas.

thanks

Sean