Do I need a Mobile Home Dealership License?
I just started reading Lonnie Scruggs book 'Deals on Wheels' on buying/selling and financing used mobile homes. I was attracted to the used mobile home market because of the low cost of entry and the fact that I don't really want to be a landlord.
However, just ran into a small problem. Mr. Scruggs seems to suggest that you need to have a Mobile Home Dealer's License to do this. This will require a $35K 'surety bond' in my state.
Well, I don't have 35K that I can just let sit in escrow...
Anyone know more about this issue?