People act like needing a license to flip mobile homes is a deal-breaker. Or a giant obstacle to them achieving their goals.
Really though, it’s no different than owning a car.
If you want to drive, you need a current license and registration.
And that involves some investment of time and money on your part.
Mobile home investing is the same.
Here’s what you need to know about getting your dealer’s license.
1. The rules are different from state to state
Some states allow you to do up to a certain number of deals per year without a license.
Some states don’t allow you to do any deals without a license.
Some states have no limit on how many mobile homes you can buy/sell without a license.
You’ll want to Google the regulations in your state.
Look up the Department of Housing.
Search specifically for regulations for manufactured housing.
2. Being licensed gives you credibility
Your dealer’s license number will open doors for you.
Dealing with park managers becomes a lot easier.
Buyers and sellers trust you more.
Because you look like a professional.
The increase in opportunities is well worth the investment.
3. Getting licensed is easy
We’ve got a lot of friends who are licensed realtors.
Getting your mobile home dealer’s license is a lot cheaper, faster, and easier than getting your realtor’s license.
We’re licensed in Arizona and California.
You have to take a multiple-choice test, get your fingerprints taken, and fill out some paperwork.
You get all the answers with your study material. And in some cases, you can take the test online or at home.
It doesn’t get easier than that.
4. What happens if you get caught doing deals without a license
When we were starting out, we had no idea we needed a license.
We were just running around, doing deals, and counting our money.
And then we got a cease and desist letter from the Department of Housing.
But it’s not a big deal.
Because a cease and desist letter just means, “stop what you’re doing and get legal.”
We didn’t have to pay a fine. We just took the test and got licensed.
And then it was back to business. But business was better. Because the license gave us credibility.
5. If you don’t have a license don’t let that stop you
Some states, like California, don’t let you do any deals without a license.
Does that mean you can’t get started mobile home investing?
Absolutely not. Don’t let it stop you.
Look for deals, test the waters, and discover whether this is something you really want to do.
You can partner up with other licensed dealers or even realtors (some states allow realtors to buy/sell mobile homes.)
You can still solve problems, serve people, create value, and get paid.
And you’ll eventually get your license anyway.
If you think partnering up with other licensed dealers is a good way to get started…
Joining a network/community of mobile home investors is the best way to find like-minded people.
And we’ve got the perfect community for you:
Join our TCA Accelerator program and you’ll get access to 100+ mobile home investors all over the USA.
Learning from our program and coaches is one thing.
But it’s next-level when you can tap into the collective wisdom of dozens of mobile home investors with the click of a button.
It’s the best thing about our program.
Every new student has it better than the student before him/her.
And all our students are 100 times better off than when we started.
Because we spent years spinning our wheels and had to figure everything out by trial and error (losing 100k in the process.)
Members of our Accelerator program have a massive head start…
Access to the most up-to-date market info…
And get behind-the-scenes insights on the strategies that are working right now.
If you’d like to know more, watch our free case study.
It’s about a student of ours who made a $10,000 profit in 48 hours selling a used mobile home.
Click the button below and enter your regular details to get access.
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Whenever you’re ready here’s how we can help
- Just getting started? Join our free Facebook group, Mobile Home Investing For Beginners.
- Ready to join our community and accelerate your growth? Apply to join our Accelerator Program.