Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 months ago on . Most recent reply

User Stats

1
Posts
1
Votes
Michael Clardy
1
Votes |
1
Posts

1030 or move back in for two years

Michael Clardy
Posted

I am moving back to the Bay Area where my wife and I own a home.  She does not want to live in the house so we are trying to figure out a reasonable strategy for leveraging the house to buy a property that is in a more desirable location.  I am hoping to gather some insight into this situation.  I know that moving back into the house for two years will help us avoid the capital gains on the first $500K.   I also know that doing a 1031 exchange will enable us to carry all of the proceeds from the sale as a deposit on a new property.   We would eventually move into the second property and establish it as our primary residence (6-10 years from now).  

Are there ways to look at these choices that go beyond the tax implications?

Is there one that is the more obvious choice?

Thanks,

MC

Loading replies...