2 Yr Househacker willing to answer any questions!

[Nicholas Coulter]

My wife and I have been househacking for 2 years in Southern California and have been able to completely cover our mortgage in our 4bd SFH! I want to share as much learning lessons as I can so post any questions you have and ill respond!

[Nicholas Coulter]

Quote from @Michael Smythies:

Here's a question for you - let's say you move out of your first house hack after year 1 and start a second house hack in year 2 while renting out the first home. If you then decide to sell that first house later on, are you able to reap the benefits of selling a primary residence even though you're not living it in any more? Technically it was a primary residence at one point and is still a primary residence loan. Not sure how that works. 

The benefits I am specifically referring to is the up to $250k or $500k (if filing taxes as a couple) tax free profit when selling a primary residence. 

Thank you! 

 Yeah! So if I live in it for 2 of the last 5 years I should be able to sell the house and shield 500k of capital gains from taxes since I am married! My plan is to buy another investment HH in San Diego and then sell this 3 years after I move to still get that benefit!