I’m so glad to have found this site! I’ve been looking into MH investing for awhile, I finally think I have the gumption to do it. But before I do, I have questions about the finer points of the deals. I’ve been over this site with a fine tooth comb (I hope!), and I don’t think I’ve seen any topics about these q’s I have. Any and all information would be amazingly helpful to overcome the ‘nerves hurdle’.
I bought the second Lonnie book, Making Money with Mobile Homes. Should I have read the first one also? Is that one more of a step by step book?
In the book, he says to charge $20 for a credit check when people apply. How would I go about getting a credit check on someone?
How/where would I go in my town to do a title search?
How legally protected should I be if I’m taking back notes on the mobile homes I sell? (My father in law is worried about this one!) As in, should I have a legal business entity, etc.
How far is (generally) too far to hold a note? I want to get started soon, but we may be moving out of state in a year.
Again, thank you guys for having a great forum… this is honestly the most informative MH website I’ve found!