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Updated over 15 years ago on . Most recent reply

Having a Hard Time With Park Managers Allowing Me To Invest...
Anyone else have problems here? Its like they are jealous or something, dont want to help no matter how polite and outgoing I am...
Or they suck them up themselves repair and resell...
This is ALOT harder than Lonnie says!
:wink:
Most Popular Reply

Lets see if we can figure this out. I read in one post, that the parks do not allow 'non owner occupied' units. Well, as a park owner and a lonnie dealer, I do not allow non owner occupied units either. But... being a lonnie dealer you are really just the lender, and your selling the unit and transferring the title. So your not renting, your selling. When I go into a park I would say I buy repos, or homes for sale, fix them up and then I sell them to a new owner. I will sell the homes for cash, or if the new owner does not have enough cash, I will carry the balance. I transfer the title but attach a security agreement to the home. You can use a car as a analogy. Just ask if they make payments on the car they drive. They still own the car, but owe the lender. Your doing the same thing with the mobile home... your a dealer and a finance company.
So are you guys talking about renting or selling?