The Borrowing Hack That Beats Capital Gains Tax

If you were to sell the property to a third party, take that money and pay off the conversion, that's great. But, yeah, you're not going to be able to live in it. And what she's trying to do is keep the house. She's trying to harvest the money in the house. You could offset it with some other investment. I was also thinking she could borrow against the equity of the home. If you've got that much of a gain in sitting in the home that you could use to pay the tax. I know interest rates might not excite you right now, but you could borrow against the equity in the home, pay the tax, and now you're just paying that tax through a mortgage payment with some interest. And when you have another windfall, you could pay that mortgage off. You could sell the property down the road, but that allows you to stay in the property and get this conversion done.