Selling SF Home To Buy Miami Home

[Monica Lee]

Hi bigger pockets community,

I was wondering what advice you would give to my family. We have a family house worth around 2.9 million dollars in San Francisco. We are interested in moving to Miami by selling the San Francisco house and using that money to fund the Miami house. The SF house was technically a primary residence, so it might not be able to qualify for 1031 exchange. What do you guys advice on how we can save on taxes, how we can make our money work for us, and where we should look for a single family house? Thank you!