I currently own a townhouse and want to upgrade to SFH. To account for 20% down payment I’ll have to either sell stocks and put townhouse for rent or sell townhouse and continue to keep stocks. Townhouse appreciated by 60% in last 4 years and I am getting above 20% every year in stocks Also what you guys think about peak duration in Year about buying/selling house in Bay Area? One lender told me that Feb/March is peak for selling as more buyers would be interested and available as opposed to summer when more inventory is available and less buyers TC 350k
Depends on the tax implications . I think that much of your appreciation on the th can be rolled into your new home. Not true for the stocks.
From a tax efficiency standpoint, sell the home. Like-kind exchange. Don’t realize all of your stock market gains and pay taxes on them.
I think selling TH makes sense. He will get tax free long term gains for 250K (or 500K if owned jointly with spouse). I did not sell the condo when bought SFH, due to low appreciation (10% over 6 years) and now stuck with landlord overhead
Are you hands on? Dealing with tenants is not for everyone. I'd sell the TH and the stocks to get a SFH that you want, not the one that is more affordable. Your life will be better and have a smaller mortgage to worry about.
What did you decide OP?
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Sell stock and buy a home . Make your current house as rental. Pm