First Flip or Hold: Which Is Best?

[Jared Tuttle]

Happy (belated) New Year, BP Pros!

I'm in a bit of analysis paralysis at the moment with my first house. I bought it as a heavy reno project (85k) and it's paid off spectacularly (176k and growing, with an addition and a second master suite on the way). I'm almost finished and will come out with ~$100k in equity to play with. My questions is simple: Should I cash out, rent out this house and move on to the next project or multifamily, or should I take the money from the sale and move on?

I'm in a growing market, and my family's goal is to not have to work by age 40 (5 years from now). So I know multifamily is the largest part of the path, but we're new to the field.

Where's the best place to start since we know our destination? Many, many thanks!