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Travel Nursing Domicile Question


ddrischell

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Greetings.  I'm planning to begin travel nursing while full-timing in my RV.  I want to keep my condo for investment, but also can't own a sticks-n-bricks home for my full timer loan.  Any advice regarding creating a domicile address and possibly having an LLC for my Iowa condo?  This is all very new for me and want to get it right.  Thank you for your help and knowledge.

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The best advice is to contact two people.  One is a tax lawyer and a tax accountant to find out what will work for your specific situation.  I do not think you can get acceptable legal advice on the forums.

Ken

Amateur radio operator, 2023 Cougar 22MLS, 2022 F150 Lariat 4x4 Off Road, Sport trim <br />Travel with 1 miniature schnauzer, 1 standard schnauzer and one African Gray parrot

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2 hours ago, ddrischell said:

I want to keep my condo for investment, but also can't own a sticks-n-bricks home for my full timer loan. 

Is the issue having 2 loans at one time or some other problem? If the condo is paid for it should be just one more asset to make you a better risk. If it is a rule of the lender about all that you can do would be to find a different lender or possibly add the RV loan to the present loan on the condo. If you find some way to hide the ownership you would be taking a great risk by not disclosing that. Most lenders have the right to call the loan if they discover something false or not disclosed built right into the loan documents. It doesn't sound like a tax issue, but if it is, take Ken's advice. 

Edited by Kirk W

Good travelin !...............Kirk

Full-time 11+ years...... Now seasonal travelers.
Kirk & Pam's Great RV Adventure

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Sent a PM. 

 

Rod

White 2000/2010Volvo VNL 770 with 7' Drom box with opposing doors,  JOST slider hitch. 600 HP Cummins Signature 18 Speed three pedal auto shift.

1999 Isuzu VehiCross retired to a sticks and bricks garage. Brought out of storage the summer of 2022

2022 Jeep Wrangler Sport S Two door hard top.

2007 Honda GL 1800

2013 Space Craft Mfg S420 Custom built Toyhauler

The Gold Volvo is still running and being emptied in July. 

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