He pulled into one of the larger RV dealers towards the end of a month (I think in Tampa, Florida) with a used 20 foot travel trailer behind his Jeep, $100,000 in cash and asked them what was their best offer on a Diesel pusher motor home. He bargained with them for an entire day then left. He came back the last day of the month around 3 PM, and made an offer 15% below the lowest price they quoted on the one he liked. Then he just sat down and waited. At 5 PM they came out and took his offer. He traded in the trailer, attached his Jeep to the rear of the motor home and drove away.
Here are some of the write offs he can take with that monster.
Mortgage interest Yearly vehicle registration and tax Smog check Diesel fuel Propane Electricity Cell phone Maintenace and upkeep Tires Depreciation Internet access (wireless of course)
Since he uses it for locums and he does that as a full time job, he can write off the expenses entirely. (You do have to be doing it full time. That means you are either working, driving to a new place or are "between assignments." ) If you work only half time, you can only write off half of the expenses as business related.)
After seven years, thanks to the interest write off and the depreciation, he owned it free and clear.
And even if you take a job somewhere you can still live in the RV. Many of the established trailer parks (scuse me, mobile home parks) have some lots for short term use. Much better to live in your RV for a while to see if you like a job than to move there and rent something and then find you do not like the job. If you do not like the job, you can give two weeks notice, then just start up the RV and drive away. No fuss at all.
