@Kim Tran Yea like what @Jackson Hanssen Is saying here, you can only 1031 investment property for investment property, and later down the line convert it to your primary residence.

House hacking can help convert STR to LTR, aligning with financial freedom and travel.

But I'm one of those marketers in real estate that even though people might not convert in selling their house.

You can convert it into a self-directed IRA and buy investment property with it.

I told him that just this morning I had a conversation with an investor who was interested in hard money in CO.Here's his info:Kevin HighmarkChief Loan OriginatorKevin at capitalfund1.com (that's his email, just convert to @)NMLS #1330046 Capital Fund I, LLCBK-0917799Company NMLS# 396288www.CapitalFund1.com14555 N Scottsdale Rd | Suite 200 | Scottsdale AZ 85254d 480  656  7458

We have one right now we are in where the borrowers loan has matured and they as part of the restructuring want to convert the loan to a 30 year fixed loan at 1/2 the interest rate of the current loan.

I would say it depends on the market.We had converted a 88 unit hotel into MTR for corporate housing in a market with a lot of job growth.

Convert the Property to a Primary Residence: If you live in the property for at least two of the five years before selling, you may qualify for the primary residence exclusion, which allows you to exclude up to $250,000 of capital gains ($500,000 for married couples) from taxation.4.

I started my MTR journey with a multifamily property as a LTR and slowly converted it one unit at a time and was really happy with that approach.

The seller converted one of the garages into a bonus room and it added 300sqft under AC.