Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

If house hacking has been successfully executed, have you considered exploring a new house hack opportunity and converting your primary residence into a rental? 

Considering that my parents and I are not Canadian citizens it adds an additional wrinkle to things as they or I are not able to claim this as the primary residence and avoid the capitol gains tax... a lot to consider and think about.

Selling a primary residence and then buying it back as part of a 1031 exchange could raise red flags with the IRS.Your parents have a valuable opportunity to defer a significant amount of taxes by utilizing the $500,000 exclusion on their primary residence.

The last thing I would do is aggressively pay off my personal residence, especially if you have a low % mortgage.

One has no mortgage, their other has a HELOC for around $20k remaining and is coming to its 10year term that was established before placing with LLC.My predicament is how/best way to pull equity out of either property for a down payment for the 3 family that is valued around $450k.

I purchase my personal investments to maximize their equity and hold long term.

I think too many REI focus on either CF or equity, which is a mistake. 

Had family rent from us and they were open to the updates being done while they were residing in the property.