Question: “I own my own land, and I plan to install a mobile home on it for my retirement. The cost of homes in mobile home communities is much lower than it would be to purchase a new home outright. If I were to purchase a mobile home within a mobile home community, pay for […]

Question: “I’ve heard conflicting information on whether or not mobile home lot rent is tax-deductible. What’s the verdict?” – Chase O. (32), Albany, NY Answer: The complete answer is somewhat complex. However, in the eyes of the Internal Revenue Service (IRS), mobile home lot rent is typically not tax-deductible as a personal expense. Generally, the […]

Question: “My park accommodates park models as well as regular mobile homes. Will I be required to move the park model once I sell it?” –Kenneth C. (33), Grass Valley, CA Answer: This will depend on what your park management instructs you to do once you’ve sold the park model. While some parks in California […]