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Updated over 9 years ago,
Manufactured Homes Portfolio Sales
I have an opportunity to invest in a 25 lot mobile home park with public infrastructure in a good area at a very attractive price. The owner is a motivated seller who wants to retire and move out of the area, so I was able to negotiate some favorable terms. My issue is that he owns most of the MHs on the lots and leases them to residents. Given that I live over an hour away from the project, I was hoping to hold on to the lots and avoid becoming a landlord that has to deal with the day to day of leasing MHs. I am considering selling the trailers to the residents, but as parks are my main investment focus, I do not have a dealer's license to handle all of the transactions. Does anyone know if it would be legal to sell them in bulk without a dealer's license, or would I need to obtain one in order to make the deal work?