I have a similar situation. I want to buy a lot at an RV park, and a camper that sits on it. It is sort of like a wooded resort. There are yearly dues, at the lake for upkeep, and amenities etc, but the lot and the camper would be mine so I need to get a loan. It’s such a cool place, you can build on your camper, the only requirement is that there is a camper on the lot, then people build onto it and some look even like a home and you can’t tell there’s a camper anywhere. Then there are others that just have the camper etc. There are 1500 places there. The issue is that I need to know if there’s a certain length of a camper that it has to be at least to be considered a home and able to write it off on my taxes. Also, and negatives for doing this, pros and cons. I have a home right now that I will sign over to my son because I can only have one loan in my name and I bought my current home to give to him since he’s my only child. He now has a better job than I do and can have the house. It is the HUD, section 184 Native American home loan, and I would have to check to see if I could even use that to do this at all. Hopefully so, but if not, does anyone have any info or recommendations as to which loan would be best to buy something like this? I can retire on May 1, 2022, and I need to go as cheap as possible because my income will be cut in half. Thank you for any info 😊❤️
