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Old 06-04-2014, 09:41 PM   #29
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Originally Posted by 73shark View Post
Not sure if the IRS would buy a RV as a second home but one could always try. Unfortunately I'm already using the 2nd home option.

The IRS will accept an RV, or boat for that matter, as a second home for purposes of a mortgage interest deduction as long as it has cooking, sleeping and bathroom facilities.
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Old 06-05-2014, 06:56 AM   #30
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I would not recommend using your home equity to borrow against unless you know long hand for the length you want to "borrow" for the motorhome. I merely suggest that using a Home Equity Loan is one way of doing it. You have to chose what one is capable of financially handling. If in doubt, don't. My home's value vs the value for my AI is quite different and doing a quick cash sale of the AI is always a possibility, but it would obviously be at a depressed price in a quick sale.
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Old 06-05-2014, 06:57 AM   #31
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I would not recommend using your home equity to borrow against unless you know long hand for the length you want to "borrow" for the motorhome. I merely suggest that using a Home Equity Loan is one way of doing it. You have to chose what one is capable of financially handling. If in doubt, don't. My home's value vs the value for my AI is quite different and doing a quick cash sale of the AI is always a possibility, but it would obviously be at a depressed price in a quick sale.

I agree

Keep it separate. Use home equity for your home or as a reserve for emergencies.
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Old 06-05-2014, 08:13 PM   #32
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Took delivery today
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Old 06-05-2014, 09:03 PM   #33
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Looking GOOD....
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Old 06-05-2014, 09:33 PM   #34
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Sweet!

Let the mods begin.
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PM me for sale info on my 2011. SOLD!
Upfitted Transit 350 sitting in driveway.
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