Can you 1031 exchange your primary residence? скачать в хорошем качестве

Can you 1031 exchange your primary residence?

🏠 Free Real Estate Trainings & Resources (Buyers, Sellers & Landlords) If you’re trying to go from homeowner to landlord, house hack into your next property, or sell without lighting money on fire in taxes, start here 👉 https://www.leslieduvernay.com/start Inside you’ll get: • Free Landlord Training • The 4321 Method (build 10 units in 5 years) • Landlord templates, screening systems, and checklists • Buyer and seller strategy resources Everything is step-by-step and based on real transactions, not theory. ___________________________________ Can You 1031 Exchange Your Primary Residence? Short answer: No. Thinking about selling your home? Grab our Free Home Seller Guide here: https://bit.ly/4rRhLSV It covers pricing strategy, preparing your home for market, and how to maximize your sale price. But there are strategic ways to access equity, move into house number two, convert to a rental, and reduce or defer capital gains legally. In this video, I break down: • What a 1031 exchange actually is • Why it does NOT apply to your primary residence • How the $250K / $500K capital gains exclusion works • A real math example ($400K purchase → $1M sale) • Married vs single tax impact in California • How to access equity before selling • Cash-out refinance vs HELOC vs private second • The traditional house hack approach • The 2-out-of-5-year rule explained • When converting to a rental makes sense • When a full 1031 strategy applies • Depreciation recapture and leverage risks • When it’s smarter to just pay the tax This is not about avoiding taxes emotionally. It’s about sequencing your moves correctly. ___________________________________ 🕘 Chapters 00:00 – You Cannot 1031 Your Primary Residence 01:27 – What a 1031 Exchange Actually Is 02:27 – The Primary Residence Capital Gains Exclusion 03:16 – Real Math Example: $400K to $1M Sale 04:29 – Married vs Single Tax Impact 05:12 – The Real Strategy: Access Equity First 05:30 – Option 1: Cash-Out Refinance 06:08 – Option 2: HELOC or Private Second 06:43 – Option 3: Traditional House Hack 07:20 – Converting to Rental + 2-Out-of-5-Year Rule 08:44 – When a Full 1031 Makes Sense 10:08 – Risks: Depreciation, Recapture, Leverage 11:16 – When Paying the Tax Is Actually Smart 12:02 – Final Answer + Next Steps