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Updated over 7 years ago on . Most recent reply presented by

User Stats

6
Posts
2
Votes
Steve Watson
  • Investor
  • Monrovia, CA
2
Votes |
6
Posts

Profit from financing Mobile Home Sales in Rented Park

Steve Watson
  • Investor
  • Monrovia, CA
Posted

If I buy 10 mobile homes in Mobile Home Parks and buy & rehab for a total of $5k and the turn around and sell them for $20k and finance for 60 months in a 2018, what is the profit I pay taxes on in 2018? What is the best way to avoid or spread the tax liability over the 60 months?

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