MH dealer's license, rent vs carry note vs L/O

[ Follow Ups ] [ Post Followup ] [ CREOnline Mobile Home Q&A ]

Posted by Jeff Peisner on August 26, 2008 at 18:00:13:

I am looking to get out of the full time job by investing in MH. I have had a few stick built rentals that have had some LL headaches. I live near Asheville, NC. I read Lonnies two books, worked the financial calculator and became interested in MH investing. I have a fair amount of cash in money market, 403B, and mutual funds.

Options I see:
1. Buy and hold (renting with a property manager)I can keep full time job until I get enough passive income with property manager, but renters are more transient and destructive than owners.
2. Lonnie deals (carry note) but need dealer's license in NC after selling more than two per year. Any legal way around getting license or is it worth to get license as Part-time investor?

3. L/O eliminate some renter problems, but I will still probably have to carry the note.

Buying in park and renting the dirt puts control in PM's hands

I know all investment options have risks, any suggestions?

Follow Ups:


Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:

[ Follow Ups ] [ Post Followup ] [ CREOnline Mobile Home Q&A ]

CRE Online, Inc. © 2007, All Rights Reserved.
creonline.com