Looking for advice

[Michael Tompkins]

So I am just getting started in real estate investing. I currently have approximately $100K in equity in my current home and can't decide what's the bast course of action to take. Should I sell it, do a cash out refi, bridge loan, etc...? If I keep my current house and rent it out it would cash flow approximately $500 per month. But I wonder if it would be better for me to sell it and reinvest the $100k into other properties through a 1031 exchange. Another benefit of selling my current house would be that I could use the $100k to finance my next project and wouldn't need to borrow money which would save me a lot of money in interest. Thanks in advance