All Forum Posts by: Chris Goon

Thanks for the feedback everyone.  I spent some time on research and decided that it would be a less sticky situation to  develop the land further and rent out the lot. The resident can park their own RV on it.  Every month they would pay parking lot rent.  This may be attractive as the lake & mini grocery store is near by and we have clean fresh air. 

I'm fairly new to mobile home investing, the last 2 purchased were closed through Escrow Co. The mobiles came with its own land. This most current deal is under contract, FSBO, owner with title in hand. The mobile is sitting in a very small mobile park, I spoke with the park mgr/owner who said to rent it out is allowed & moving it out of the park is allowed. Would it be fair to say it's considered Chattel and personal property? In that case I should be able to do a bill of sale /get title signed over in front of a notary? Perhaps save a couple of hundred this way , instead of going through Escrow.

Any pitfalls or issues with this option... please share your thoughts.  The location is NorthEast, AZ

If a person already has land/lot through the Traditional SDRIRA, would the purchase of a mini travel trailer for that lot be allowed under the SDRIRA?   The intention is to rent the unit.  In my area the growth and demand for a little land and fresh mountain clean air & water is exponential.  I figure it may be worthwhile to get the monthly earnings back into the SDRIRA this way. The acquisition cost is fairly small, compared to the potential earnings.  The reason I ask is that it is technically a recreational vehicle, however its going to be rented on a lease agreement for 6-12 month basis.  Would that fall into a rental home category?  or would that even matter.