New member w/ title question -

[Dockholiday]

Thank you for the reply Donnie - Tax in TX is 6.25%, but you mentioned having property in Florida. I do own a couple of RV lots in Destin, wonder if that could be beneficial to me? I’ve asked my insurance agent and he says as long as I have insured like the rest of my vehicles (same county) they didn’t care what plates i carry on the bus. Really appreciate your response, I may drop by your place Monday.

[Donnie Myers]

Your Texas tax is in line with our tax so no benefit there. I have seen a case in which having the LLC in Montana was train wreck after a pretty bad accident. Stop in and hit the “call” button on the gate and tell my wife (or Debbie in case wife not here lol) you are here to see me or Floyd. The gates are eclectic and stay closed all day for security.

[TheGadgetGuru]

[QUOTE=Dockholiday;103156]Thank you for the reply Donnie - Tax in TX is 6.25%, but you mentioned having property in Florida. I do own a couple of RV lots in Destin, wonder if that could be beneficial to me? I’ve asked my insurance agent and he says as long as I have insured like the rest of my vehicles (same county) they didn’t care what plates i carry on the bus. Really appreciate your response, I may drop by your place Monday.[/QUO

While I'm not a tax expert, I'm to understand that some of the RV resorts have lots that fall under Florida Homestead laws that simplifies State residency. In an interview I did with the owners of Thornton Creek I learned those resort lots can be homesteaded.

[rcantrell52]

I live in Texas and have owned 4 motor homes.I did the Montana LLC on 2 coaches and paid the sales taxes for Texas and county on the other 2. Texas is cracking down on the Montana LLC plates if your residence is in Texas. The fines are steep and there is interest tagged on to the fine. If you go with the Montana LLC get your tow vehicle registered in Montana. The difference between tags is a tip off for the DPS in Texas. Good luck and good hunting.
We met Floyd at Donnie Myers in August. He is originally from Ft. Worth. You will like your visit to Donnie Myers. Good facility, plenty of inventory, and good people. Enjoy your visit.

Reese

[Gil_J]

Your FL RV lots may not qualify for residency. This will be dependent of how the resort was zoned. Many don't allow full year use, at least that's the rules on paper.

You should talk to an attorney with respect to a Montana LLC. Besides the obvious tax questions you will want to make sure the coach, as a corporate asset, doesn't require it to operate as a commercial vehicle. That would be a show stopper.

[Dockholiday]

Yes sir - as long as I can do the purchase w/o issue from an LLC to myself and wife - think we can make it work.

[Dockholiday]

And you are right - the lots do not allow owners to stay year round.

[Dockholiday]

Great info - think I’ll be staying on the up and up! Thanks!

[Dockholiday]

I believe in our resort by-laws it indicates an owner can not stay more than 6 months in a single year on his lot. I also looked and it appears there is only a .25% difference in taxes Texas vs. Florida (6.25% vs. 6%). Thanks for the input - BTW i watched every one of your Prevost film series - really beneficial to me and appreciated. THANK YOU