I am new at investing and have now done a couple lonnie deals in NV. To my surprise, I have been asked about being licensed numerous times. People have warned me about realtors snitching you out, manufactured housing division calling on your adds, and parks requiring a salesman license.
I went to the manufactured housing division to get some answers and there are two things you can be,
A salesman or a dealer.
I can get a salesman’s license but the manufactured housing division says it won’t allow you to do lonnie deals?
A dealers license is $2000 a year and you have to have a certain amount of money in the bank and an office. To much for me starting out.
I called an attorney and he isn’t sure how to handle licensing but warned me about them “being out for blood these days”. He also mentioned that a lease option most likely would not cover me in court.
Does anyone know what direction I should head or who is a good source to ask.
Any input would be appreciated.
Post Edited (01-30-09 12:17)