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: “I’m getting ready to buy my first mobile home! I’ll be meeting with the seller soon and I need some advice on negotiating a fair price. Any tips?” – Sandra F. (39), King City, CA Answer: Congratulations! Negotiation is an essential part of buying a home and involves research, effective communication, and a willingness […]