Sell Primary Residence to Use Equity for Rentals?

[Robin Roundtree]

Hi guys,

We have a home worth 650k, we owe 350,000 in a place where we couldn't afford to sell and buy another property (got in 2021, the 2.8% interest rate and before the crazy NW boom in Idaho.) We are stuck because my husband makes just enough to live, we've cut every possible expense and really want to acquire rentals but can't find the capital. We have 250k in equity in the home after realtor costs, is it crazy for us to sell, take the equity and move to a better cash flow market like Atlanta or Fayetteville, NC and start our rental acquisition? What are some great t (even if they're crazy) strategies for building the real estate empire with 250K if we could go anywhere and were will to do anything?

[Chris Seveney]

@Robin Roundtree

Personally I would say no. This is fraught with risk and destroying your personal life / marriage.

What if you sell your home take that equity move and end up losing that money? Then you just moved to a place you moved to not because you want to live there but because it has cheap rentals.