In this video, we talk about why converting your primary residence into a rental property might not be a good idea. While the benefits of rental income, appreciation, possible tax advantages, and temporary moves may be valid reasons to consider, we also don't want to forget the potential loss of a capital gains tax exemption. Selling a primary residence can provide taxfree gains of up to $250,000 for individuals and $500,000 for married couples, which can be reinvested for further growth! Check out this video and consider the longterm advantages of selling and reallocating funds rather than converting your primary residence into a rental property.

Here's what the IRS has to say about the taxfree sale of a primary residence https://www.irs.gov/taxtopics/tc701

Thinking about buying or selling a home in the Seattle/Bellevue area soon? Please don't hesitate to reach out! People like you regularly contact me about their real estate goals after discovering me on YouTube. I'd love to bring value to your home buying or selling experience too!

Here are a few reviews from people who discovered me on YouTube:

Kit and Taryn    • Seattle Real Estate Agent Client Test...  
Aswin & Aisha    • Seattle Real Estate Agent Client Test...  
Jaimin & Riddhi    • Seattle Real Estate Agent Client Test...  

Contact Zach:
call/text: (425) 3433661
email: [email protected]
http://mcdonaldresidential.com/contact/

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Seller Closing Costs & Estimated Net Proceeds    • Seller Closing Costs & Estimated Net ...  
Accidental Landlord | Why Fewer People are Selling Their Homes    • Accidental Landlord: Why Fewer People...  
Steps to Buy Your Next Home: How to Sell & Buy at the Same Time (Move Up Buyer)    • Steps to Buy Your Next Home: How to S...  
Home Seller Guide    • Home Seller Guide  
8 Mistakes Home Sellers Make and How to Avoid Them    • 8 Mistakes Home Sellers Make and How ...