Currently I am a Class III firearms (machine guns, sound suppressors, short barrel rifles/shotguns, etc.) dealer in addition to a property manager and investor.Mike

And frankly, according to many in my area, the public perception of a used car dealer is higher in the community eye than a real estate agent...maybe that's a bum rap.

The most important question I would ask them is to explain their definition of "Intention" and how they think it relates to dealer status and passive income.

I've been told that flipping in your own name is considered a no-no, because once you reach a certain number of properties sold you are labelled as a "dealer" - and then all income is treated as "dealer".

Originally posted by "Ryan Webber":Its hard for me to rationalize spending so much money on a car when I know that they are such bad investments.They are only bad if you buy bad....meaning I could turn around when I bought my car (the audi above) and made ~10K on it for 5 days worth of work...and I bought that on ebay, not even at a dealer auction....cars CAN be a good investment if you buy right, and turn em right over

You have to be a dealer (and licensed to originate loans) or a park that got licensed (few have).I dropped the whole idea of Lonnie deals and moved to double wides on their own land.  

My husband and I are retired have decided to delve into real estate investing to complement our retirement funds and to try something new and exciting.  We are originally from New York, but are now living in Jersey.  

Your most likely candidates are going to be mobile home community owners and mobile home dealers. 

That is like a car dealer saying I have discounted cars available, but before you get to see them, I must see your cash.Too often these portfolio of cars will be the ones that have already been compacted.

Any tactic is to work with a MH dealer who will setup homes in the park and then sell the homes then you can start collecting lot rent.Try running some test ads in the local papers and craigslist for the spots and see what kind of response you get.