Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I need to move my mom closer to me and am considering moving her into a modular home in a 'seniors' park. She will sell her current home, and the default scenario is for her to buy the modular outright and lease the park site (lease is only option on the site).

I'm interested in tax-advantaged alternatives to this scenario. Mom is on low fixed income so pays very little in income tax. I have a somewhat larger tax burden, paying 33% at the margin. I have wondered about investing the proceeds of her sale for her, and buying the modular then renting back to her.

Any thoughts would be appreciated, and please email them to me at

Thanks in advance,

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.