Investing in Mobile Homes after June 1 HUD Safe Act

[Dustin M.]

Hi,

Does anyone have any strategies in place for mobile home investing after June 1st when the HUD Safe Act starts which will eliminate almost all seller financing? I was really hoping to try mobile home investing this summer but now I don't know what to do :cry:

[Don Konipol]

As an added bit of information, there is some question as to whether a mobile home (without sale of the real estate) would even be covered by the act. There is a valid interpertation that considers a mobile home itself (no land) as not being a real estate asset. My advise on all of it is to just consider that the cost of doing business will increase by a relatively small amount of money and that many people will not bother to comply with the regulations. The gov't will of course have to make examples out of a few of the violators to try to give the impression that the law is being enforced. Eventually a less socialistic administration will be elected, this particular HUD rule will be dropped, and all will be forgiven for any violators.