I am currently trying to purchase and flip my first mobile home, but have questions relating to the sales of that mobile home.
A few things to note, any legal advice/recommendations would be for the state of Kansas, this is my first Deal, and I am very open to any help I can get.
My question is: when Selling a mobile home on payments, what is the most simple way to do it? Would a Rent Credit system, Rent-to-own, or Seller Financing, be more straightforward? Or is there an easier strategy?
The main hang ups are: I don’t have a lot of capital to spend on legal fees before I do 1 deal, BUT, I don’t want to run into serious problems on my first deal just because I didn’t know about a legal problem.
Also, do I need insurance during the process of buying, rehabbing, or selling a mobile home, and if so, what kind(s)?
Any advice would be very much appreciated,
Wesley Johnston.
