Sell or rent current primary residence as a way to start?

[Yancey Burgess]

I have been back and forth with the decision on what to do with current residence. I have approximately 200k in equity and some flexibility on living conditions and ability to move .  Mortgage is $1k and rents should be $1800-$2000. Home is 40 years old but almost completely updated.  Considering using equity for down payment on new build (starter home/small 3 bedroom) and living in that for a year and trying to rent and repeat . Could also find something in need of repairs and live in that while making repairs and holding/repeating. House hacking a duplex/triplex also an option.   Have definitely felt victim to analysis paralysis and stuck on the sidelines. Goal is to acquire 5-10 doors in 10 years. 

[Karl McGarvey]

House hack!!!!

If the home you are in now is not your dream/forever home, and you could give it up, list it for rent and go buy house #2 using a 5% down conventional loan. Live in it for 12-24 months and rinse and repeat until you hit your goal!