Need advice on purchasing a property

[Margarita Bozhenkova]

Hello BiggerPockets Community,

I am a beginner investor and would appreciate your advice. I'm in the process of purchasing my first property which is located in CA. It's 5 acres land with the mobile home that needs a rehab. Title company told me that I have to split the purchase price between mobile home and the land and that basically I can put any amount for the mobile home.

As for now I only see one benefit of putting the price of the mobile home higher - it is that it's depreciable and I can write it off the taxes.

Are there any other reasons in favor of putting it higher or lower?

Thank you!