Parks that allow rentals in Western NC

[Edwin Bailey]

Hey guys,

I am relatively new to investing (1 townhouse, 1 Duplex) and looking to get into mobile homes to get more bang for my buck in terms of cash flow. I recently read Deals on Wheels and am curious about the current SAFE act restrictions in place in NC. I will be moving to Asheville at the end of the year and need some advice on how to proceed.  Are we still able to owner finance as investors or is buying and renting in an investor friendly park our only option these days? Thanks in advance for any advice!

[Chris Martin]

Mobile homes are covered by the NC SAFE Act (link below).

The section to read in the statute (via following link) is 53-244.040 (d) 8. That is the exemption that I believe will pertain to you.

http://www.ncleg.net/EnactedLegislation/Statutes/HTML/ByArticle/Chapter_53/Article_19B.html

Information only. Not legal advice. Consult with licensed professionals for your particular circumstances.