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Updated over 3 years ago,
DMV Titles for Park-Owned Units
Hello,
I'm looking at buying a MHP with 8 units. 6 are park-owned. In addition to the original DMV titles, should I get a separate bill of sale for each unit? Would there be a tax benefit to doing that?
The units are quite old, but exceptionally well maintained. I will be replacing the oldest ones over the next 5 yrs. 5 of the six were manufactured between 1969-1971. The 6th was manufactured in 1996 and can be renovated.
Respectfully,
Mark