Title question on single MH on its own land

mobile home university
1

Hi all, looking for help. Planning to buy my first MH on its own land through my self directed IRA in FL. This will be used as a rental or sell on rent to own terms with seller financing. Is it better to retire the title to land and have this be treated as real property vs keeping it as “personal property”? What are some of the pros and cons that I should be aware of?

Thanks
Ally

2

SDIRA’s are supposed to be indirectly managed, so I would probably structure the most hassle free arrangement. For me this has been to make the mobile home real property and owner finance the whole thing to a qualified buyer on a note.

I do have a mobile home on a note at my RV Park too (Manager’s Quarters), which is personal property, so either works and just depends on your situation. Good luck!