Quote:
Originally Posted by Vegas69
While I'm building my new house, I'm living in home we rented for a few years to convert it to a primary residence.
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Love this strategy!
One I often used to read about was 1031 exchanging up and up over the years into more valuable properties and then at the very you trade a large apartment complex (likely holding) into your dream mansion SFR, then rent it out for a year before moving in to then recapture that 2 of out of last 5 primary residence designation. I think it still holds true as a viable option but that was awhile ago.