I've read quite a few posts here on mobile home investing and I know for a fact, living in Florida requires you to get a license for ANY mobile home bought and sold as an investment opportunity. According to Florida law, anyone who buys, sells, or deal in mobile homes must become a dealer. I have spoken to several representatives from the State, the compliance officer for the region, and the instructor for the mobile home licensing course and all have told me that I am not allowed to buy more than one MH and sell it for profit without a license. I've had my license for two months and have been trying to find a loophole where I'm actually able to buy a home and finance it but I'm being told I cannot do that either. I'm also told if I upgrade my license to a dealer, I would be able to do more, but still didn't get a definite answer as to whether I can finance, advising me to contact the Real Estate Commission. I'm in a situation right now where all I'm doing is advertising to bring the buyer and seller together; no real money to be made right now until I can get more opportunity. I talked with the licensing instructor last week and he told me the law has been revised to provide more opportunity for broker and I'm actually able to buy a MH, assign the title in my business name, and when I sell, re-assign it to the new buyer. Still not clear because the compliance officer is saying totally different.
For anyone who has the idea of investing in mobile homes in Florida, be aware of the licensing law.