Re: Financing a small Mobile Home Park - Posted by Gillett
Posted by Gillett on April 25, 2006 at 14:03:24:
You absolutely DO have to be licensed to sell mobile homes in Texas. It doesn’t matter if you are doing Lonnie deals or selling new homes. You can sell ONE home per 12 month period without a license but if you want to do more business than that you need to take the required class in Austin and jump through the hoops to get the license. I took the class. It would not be worth the fines to forgo the licensing requirements, all your profits on Lonnie Deals would end up going to the State Agency that will definately fine you.
Of course, you could choose to title skip and not get the titles (actually in Texas it’s called a SOL - Statement of Ownership and Location) put into your name, but that is against the law and you will eventually get into trouble. Not worth it.
If I ever get my own park, or find one that is really open to letting me do Lonnie deals (and doesn’t expect me to pay lot rents while I’m getting homes fixed up and sold for them, increasing their bottom line in the long run), I will get a dealers license and make some money. I sold a home Lonnie style and my wife also sold one in an ARC park. I won’t make that mistake again! The park manager seems to have a policy of harassment and I am one of the people that always does what I say I’m going to do and pay on time. She acted friendly toward me at first.
Long story short, the answer to your question is YES you do have to be licensed in Texas to sell more than one home. I am not an attorney but I absolutely recommend that you do your business legally in Texas.