Rental Property Investor · Prosser, WA · Member since 2017 · 81 posts · 36 votes
Hello there BP I'm a mobile investor and wondering if it is possible to BRRRR with a mobile home. What I am really wondering is if you would get the same tax benefits after living in it for 2 years. Meaning no capitol gains tax on the profit of course. Thanks so much in advance .
BRRRR refers to a buy and hold strategy and capital gains tax is experienced when you sell a property. Can you describe what your strategy is in more detail? Those two terms seem mutually exclusive in this context.
BRRRR refers to a buy and hold strategy and capital gains tax is experienced when you sell a property. Can you describe what your strategy is in more detail? Those two terms seem mutually exclusive in this context.
Rental Property Investor · Millersville, MD · Member since 2017 · 127 posts · 44 votes
7y
The two year capital gains exemption, $250k single/$500k married, only applies to real estate. Mobile homes are private property. You can make a mobile home into real estate property through affixing it to a permanent foundation, check your state and local laws on how to do this.