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OK for a Self Directed IRA to own a MH?
#1 Short-Term & Vacation Rental Discussions Contributor
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- Greer, SC
I've heard that self directed IRA's should not purchase or own MH's. I've heard MH's are classified as personal property since they have a title like a car.
1st. Is this true?
2nd. Would it be ok to buy a MH together with the land even if MH is not de-titled? Not sure if that would make a difference.
Thanks for all replies!
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Not a SDIRA expert (do have one my own though) - Advanta IRA seems to say in this article that you can own a mobile home in a SDIRA https://www.advantaira.com/blo...
Per this article on Motley Fool, the tangible personal property rule is related to its collectible nature under IRC Section 408(m). It seems this rule is more targeted to collectibles or items that could be collectibles. Which it'd be hard to construe a mobile home as. But - I'm not an advisor and you should talk to one.