Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Mobile Home Park Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
Market Trends & Data
Buying & Selling Real Estate
Out of State Investing
Real Estate News & Current Events
Real Estate Technology
Investor Mindset
General Info
BiggerPockets Exclusive PRO Area
PRO
General Real Estate Investing
BPCON
New Member Introductions
Questions About BiggerPockets & Official Site Announcements
Off Topic
Starting Out
Real Estate Success Stories
Real Estate Horror Stories
Real Estate Strategies
House Hacking
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
Commercial Real Estate Investing
Mobile Home Park Investing
Innovative Strategies
Multi-Family and Apartment Investing
Land & New Construction
Wholesaling
Rehabbing & House Flipping
Short-Term & Vacation Rental Discussions
Tax Liens & Mortgage Notes
Medium-Term Rentals
Buying & Selling Small Businesses
Outdoor Hospitality
Landlording & Rental Properties
General Landlording & Rental Properties
Managing Your Property
Marketing Your Property
Tenant Screening
First-Time Home Buyer
Real Estate Professionals
Mortgage Brokers & Lenders
Contractors
Real Estate Agent
Financial, Tax, & Legal
Personal Finance
Creative Real Estate Financing
Insurance
Private Lending & Conventional Mortgage Advice
Tax, SDIRAs & Cost Segregation
Foreclosures
1031 Exchanges
Goals, Business Plans & Entities
Legal & Legislation
Real Estate Classifieds
Classifieds
Real Estate Events & Meetups
Reviews & Feedback
Ask About A Real Estate Company
Real Estate Deal Analysis & Advice
Guru, Book, & Course Reviews
Syndications & Passive Real Estate Investing
Francis Dai's profile image
Francis Dai's profile image
Francis Dai
  • Member since Jul 21, 2010

User Stats

26
Posts
5
Votes
Francis Dai's profile image
Francis Dai's profile image
Francis Dai
  • Member since Jul 21, 2010
Francis Dai
5
Votes |
26
Posts
Mobile Home Park Investing

SAFE Act and the definition of primary residence

Francis Dai
Posted

The SAFE Act states that a homeowner selling his primary residence does NOT need to employ a licensed mortgage originator.

What is the definition of primary residence?

If I buy a mobile home, move in, change the utilities into my name, and get one utilities bill, does that make the mobile home my primary?

0 Votes
Follow
8 Replies
Jump to Last Reply
Log In or Sign Up to Reply

Most Popular Reply

Don Konipol's profile image
Don Konipol's profile image
Don Konipol
  • #1 Innovative Strategies Contributor
  • Investor
  • from The Woodlands TX / Avon, CT
  • Member since Jul 24, 2009

User Stats

6,751
Posts
10,608
Votes
Don Konipol's profile image
Don Konipol's profile image
Don Konipol
  • #1 Innovative Strategies Contributor
  • Investor
  • from The Woodlands TX / Avon, CT
  • Member since Jul 24, 2009
Don Konipol
#1 Innovative Strategies Contributor
  • Investor
  • The Woodlands TX / Avon, CT
10,608
Votes |
6,751
Posts
Don Konipol
#1 Innovative Strategies Contributor
  • Investor
  • The Woodlands TX / Avon, CT
Replied

If you have to do something tricky in order to be able to claim it's your primary residence then it NOT your primary residence!

  • Don Konipol
business profile image
Private Mortgage Financing Partners, LLC

Contact us

%

By clicking send, you affirm you have read and agree to the BiggerPockets Terms, acknowledge the BiggerPockets Privacy Policy, and you agree BiggerPockets and its network of professionals may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to the number or email your provide regarding your real estate needs. You also agree BiggerPockets and its affiliates may use automated technology or pre‒recorded messages to deliver marketing calls, texts, or emails to you regarding offers and other content that may interest you. Consent is not a condition of purchase. Message and data rates may apply. Message frequency varies. You can unsubscribe at any time by replying STOP or clicking the unsubscribe link (where available) in one of our messages.

2 Votes
Log In or Sign Up to Reply
Sort By:

Loading replies...