Did ask the atty for the LLC about that, he had one lender he knew of but they don't do full timers. Must own a stick home.
Yup you are right. I too am surprised that the folks who were successfull recently have not chimed in. Perhaps they all still had stick homes so they were not technically fulltimers. I had actually hoped to get some constructive ideas about a lender. We worked all our lives, have great credit, no bills other than RV loan about to be paid off early, credit cards zero balance and no bad credit history at all. Yet no one even wanted to have us fill out the application to check. I could understand it if we were deadbeats, but then we would probably be able to get funding......
Whj, don't confuse avoiding taxes with evading taxes. Avoiding taxes is perfectly legal, you just do not put yourself into the position of owing them. Evading taxes is not legal. That is why folks who were not full timers and violated the tourist duration of stay laws in the state they were a resident of ran afoul of the tax situation. Full timers who like us, do not stay in one place more than a little while can do this, but those who really live in one state then try to skirt their states registration laws while maintaining the vehicle titled in another state get in trouble. We are legal AZ residents yet do not live in nor own property there, just winter visitors. Legal according to the laws and tax codes of AZ. The vehicles are allowed in the state a max of 180 days per calandar year, unless you LIVE here. We never stay longer than it takes to get clear of Dr and dentist duties for the year. After having been born, raised and lived here for 50 years, the thrill with AZ has worn off. That is why using the services of an attorney versed in the LLC situation as well as a tax advisor (CPA for us) is a good idea BEFORE you do something like this. We did so, learned what the "rules of the game" were and followed them. Otherwise it would have been a no go from the start and we would never had been on the road at all.
Mark, the insurance is based on both trailer and truck combination. The last 3 providers over the last 8 years have all specified that condition. They also said they had to be registered in the same state to avoid issues with insurance requirements and so on. I could understand their position on that given it would be a paperwork hassle to deal with differing states requirements in the case of a claim involving both vehicles.
At this point switching to TX, SD (as a truck rather than Mtr home) or possibly Wyoming is looking like the last gasp for our dream. I have to check to see how the additional costs would add up. So far I lack a lot of info about it.
Mike, Nancy and the fuzzies.
Fulltiming since 6/04
2005 Mobile Suites 38RL3 5er - resistin'
2000 Volvo 660 motorhome toter - pullin'
2010 Honda Gold Wing piggyback - ridin'
2007 Saturn Ion - pushin'