Updated over 3 years ago on . Most recent reply
What Would You Do If?
What would you do if someone gifted you 12 mobile homes, all in rough to fair condition? Half with titles. Year built is 70-80s models.
Most Popular Reply
Friend of mine is in a similar situation. He is looking purchasing mobile home operation with 10 older units on the land. He is going to donate them to a company, take the write off, and buy new ones. The charitable giving will keep his NI down for years along with depreciation and interest expense. It will be a while before he shows a paper profit. So no taxes paid on his cash flow