Some ideas - Posted by Tony-VA
Posted by Tony-VA on December 19, 2000 at 06:20:52:
Some answers/suggestions to the questions you have asked.
Where can you get info on owner financing? Lonnie’s book “Deals On Wheels” shows you how to create owner financing. You may wish to have an attorney in your area review/amend the forms as necessary to make sure they comply with your state law.
Taxes? They also need to be checked with a local CPA. Remember, this is a business you are starting. It is a n outstanding business and and easy one to understand but it is still a business. You will want proper advisors to make certain that your business operates correctly. I don’t know of any new business that would not be well advised to consult with a CPA, and Attorney’s as needed to ensure their compliance with laws.
Building Codes? I think this answers itself. If you intend to move them or rebuild them (I have never had to pursue building codes because I have done neither of the above), then you may wish to make a trip to your local zoning office.
Everything else dealing with wobbly box info? Well if the book leads you to questions. Post and read here. This is the best source for questions and answers dealing with mobile home investing. This site is co-hosted by Lonnie so many of the answers come straight from the horse’s mouth (sorry Lonnie).
You may also wish to buy Lonnie’s audio course. I found it to be very, very good. I have repeatedly stated how that course paid for itself (and then some) on the very first deal. It answered questions that came to mind for me while out in the parks doing business.
I hope that this post points you in the right direction. No one post or comment is going to answer all you questions in business. You will need proper legal and accounting advice to ensure your business is up and running correctly. This business does not consume a great deal of time or money, but it is a business and must be run as such.