Question regarding financing...

First off, I'm not trying to rain on your parade, BUT...

Doesn't your state require a special license(s) when you finance something such as a computer? If they do you could be in some trouble with your state, which could include fines, penalties, etc. Usury laws can also come into play. The catch might be once you do so many deals they will classify you as a "dealer" otherwise it's probable fine to do a couple each year, the same as it is with cars.

I wanted to buy and sell used mobile homes but once I checked the requirements (it fell under the same licensing requirements as a car dealer) which required $1000 plus a minimum sized lot, etc. just so I could buy and sell used mobiles. I couldn't believe all the redtape...and money just to get setup. So I said forget it. Note: There are some fantastic ROI in MH by creating your own notes. However, you normally have to pay Uncle Same the taxes due on the whole amount in the year the sale was conducted. That can create a problem when you don't collect your profit for 36-48 months.

The government can certainly make an entrepreneur's life miserable at times.

Wish you the best but just make sure you do your legal homework first.

Tom Kerns