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Updated over 6 years ago,

User Stats

777
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742
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Curtis Bidwell
Pro Member
  • Rental Property Investor
  • Olympia, WA
742
Votes |
777
Posts

Eliminate Title on Mobile Home?

Curtis Bidwell
Pro Member
  • Rental Property Investor
  • Olympia, WA
Posted

I am buying a property that includes both a stick-built home as well as a mobile home.  I have to decide whether to keep title on the mobile or eliminate title.  I'm not sure of the advantages or disadvantages.  Any thoughts???

As I understand it, keeping title separate on the mobile (like a vehicle) keeps my purchase price associated strictly with the land and stick-built home.  Could I potentially value the mobile for $100k (current value) and then sell it and have it remove for maybe $10k and claim a loss?  That could be a nice advantage!  

Appreciate your input!

  • Curtis Bidwell
  • Podcast Guest on Show #95
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