SAFE Act in Oklahoma & Lonnie deals

[David Rundle]

I see John Fedro's post that Oklahoma requires a Mobile Home retailer's license . This has just further confused me. I found a deal to buy a mobile home and the seller is extremely motivated. However I'm hesitating trying to navigate the SAFE Act and how it affects a potential lonnie deal.

Can anyone provide some logical input to help me out? Thanks!

[Matt B.]

The reality is "it is what it is". Do we have to like it? No. It has personally put a damper on a section of our business. The thing is, we need to adapt. Can we continue to do business the same way we always have. The consensus is no we cannot.

I don't have the answer to the Safe Act, but until we do, we must work in the boundaries of it just like any other laws real estate investors deal with. All of us in this business deal with zoning, inspection, IRS, securities laws and so forth.

If it were easy everyone would be in this business and none of us would make any money. Its not, and the lions share will go to those that persevere and adapt.

May we all be those people.