Wholesaling Mobile Homes

[Thomas Hausfeld]

So just yesterday, I got a call from a very motivated seller. The only apparent issue is that he owns a mobile home in a park. I know when wholesaling a SFR, you can add the and/or assigned line to the contract. With the mobile homes here in Kansas, the home is considered personal property and has a title attached to it.

What I do not understand is how you can assign the property. If there is a way, would the actual assigning be done on the Bill of Sale or would it be done on the back of the title?

I looked at the back of my car title and it says in order to assign the title twice, you have to be a licensed dealer to do so.

I am just not sure how I would go about actually assigning the property over to another person.

[Account Closed]

I have wholesaled several manufactured homes without land in my past. You generally need to be a licensed manufactured home dealer unless you assign your interest in the contract to another person. It varies from state to state because the laws are different. The biggest gotcha are the holding costs while you are trying to sell the home (lot rent) and then, of course, there may be an issue with getting the person approved with the community. There are a lot more moving parts with wholesaling manufactured homes on leased land vs. private land.