Hello All. I’ve done a couple Lonnie Deals in the last year or so.
I was told once by someone , but can’t recall if they said 2, 3 or ?
How many moblile home(Lonnie Deals) can I do per year in Texas without a Dealer’s License. I would like to do 4-6 a year for now.
Also, can I place some in my business name or will they all count the same under my name?
Really enjoy the forum!
thanks
Vince/dfw
Ok I have my RBI Licentiate and the answer to your question is this.
If you retail sale, then you need a license. If you sell owner finance, Rent to own you do not. This issue was taken to court not to long ago.
As long as you have the deed I would not worry about it.
After all you can buy a mobile Home, your wife, Your kids, Each of your businesses, etc etc. All you need is a Power of Attorney.
I just got my license as I do retail 1 out every 3 I buy.