Mobile Home Investing in Minnesota

[Hal Cranmer]

Hi Everyone,

I bought Lonnie's materials and started looking into buying and selling MH's here in MN. However, the first park owner I talked to told me that you have to be a dealer to buy and sell mobile homes. Sure enough - I looked it up in the statutes and it looks like he is right.

However, he did say you could work with a dealer and finance them. So I got in touch with a dealer who told me she thought I needed a finance license, but did not know how I obtain one. Does anyone have an idea how I do this?

The dealer license has ridiculous requirements ( you have to work for a dealer for 2 years and you have to put up a $20K bond as well have $1M in insurance etc.) but it sounds like the finance license is a lot less?

Thanks.