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Updated almost 9 years ago,

User Stats

17
Posts
7
Votes
Philip Lamachio
  • Greensboro, NC
7
Votes |
17
Posts

Do I need a Mobile Home Dealership License?

Philip Lamachio
  • Greensboro, NC
Posted

I just started reading Lonnie Scruggs book 'Deals on Wheels' on buying/selling and financing used mobile homes. I was attracted to the used mobile home market because of the low cost of entry and the fact that I don't really want to be a landlord.

However, just ran into a small problem. Mr. Scruggs seems to suggest that you need to have a Mobile Home Dealer's License to do this. This will require a $35K 'surety bond' in my state. 

Well, I don't have 35K that I can just let sit in escrow...

Anyone know more about this issue? 

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