If you did, you could take advantage of some unique strategies, like renting it out while traveling (as long as it’s for 14 days or less) and having that rental income be completely non-taxable.

Once in service, expenses become deductible, reducing taxable rental income.This post does not create a CPA-Client relationship.

And the refinance is not a taxable event.

I underwrite my own way and I am aware that everyone has their own version of calculations. 

Based on my calculations, it seems promising, but I’m still building confidence in my analysis since this is a new process for me.

You’d also make all future capital gains at least partially taxable instead of tax exempt by converting your primary to a rental.

But once they give it to you, you inherit their cost basis and have a taxable gain.

Meaning you get 4-5X the depreciation to defer your income from being taxable.

Quote from @Spencer Thomas: Quote from @Dominic Mazzarella: Quote from @Spencer Thomas: View report*This link comes directly from our calculators, based on information input by the member who posted.What do you all think of the deal and how I analyze it? 

Disallowed losses under wash sale rules increase the cost basis of replacement securities, potentially reducing future taxable gains.This post does not create a CPA-Client relationship.