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Updated over 2 years ago,
New to: mobile home flipping in Washington - anti flipping law
I am a new investor and my mentor advised me to begin with rehabbing mobile homes (MHs). She is in Rhode Island and I live in Washington state, obviously laws differ between states. Washington state has the anti-flipping law and I was curious if this applies to mobile homes. In this law there’s a difference between an “investor” and an “owner” in regards to needing a general contractor license. Ideally, I would prefer to buy the mobile home and do some minor cosmetic repairs, then sell the home within one to two months. What would make me an “owner” for the purposes of following the anti-flipping law?
What other complications with mobile homes and Washington law should I be aware of? Also curious of the possibility of using the BRRRR strategy with MHs, and if doing refi's works any differently than with other residential property types?
Below is an article for reference on the anti-flipping law: http://rowleylegal.com/real-es...