All Forum Posts by: Latisha Youngblood

@Latisha Youngblood  Yeah check with your state on how it is treated.  Most states they are treated just like a car.  But as John stated in Cali they are different.  In my state they have titles just like a car unless it is on a piece of land and the title surrendered then it is just like a house.  Anyway for wholesaling it might be a little tough since the title has to be transferred from the seller to you and then to the end buyer.   Not sure if you could somehow assign it somehow but in most cases I have found that the state wants it's money for the transfer and taxes.  So for example, here when you buy it you have to pay the taxes current.  Usually they are paid in arrears, so you have to catch then up from the previous years and then pay the current year as well.  Then we have to wait 3-5 weeks for the title to come back from the state in our name.  We could then sell it to a buyer.  But if your state does titles like a car it is pretty simple.  Just have to make sure you have it all planned out.

Where is the home located, what year is it and what condition is it in? 

The first thing you need to learn is that a "I totally understand that it is treated like a vehicle" is not the case. At least in Cali. MH's are regulated by the California Department of Housing and Community Development. So the first thing I'd do is find out who actually regulates the MH industry in your state.