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Updated over 4 years ago,
House hacking primary residence avoid capital gains, Tax strategy
I have a home in the bay area that i bought with a conventional loan. i have about 150k in equity in the home and i am renting rooms. how can i pull out the equity in the house in order to convert my home from a primary residence into more of a rental and eventually move out to the next house hack.
I am looking for tax strategies.
I am also looking for how i get my primary residence equity out to avoid capital gains of rental.
this residence is in caifornia.