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Best Options for Upgrading to a New SFH?
If I live in a $600k SFH and have around 50% equity but want to "upgrade" to a $900k SFH, what would be the best option?
I was told by the bank that I couldn't do a 1031 because it's a primary residence, and 1031 are only for investments.
But I also don't want to sell and lose 20-30% on taxes (lived in the house for 2 years)
What's the best route?
Put 5% on the $900k SFH and rent out the $600k?