Should we rent or sell our first home?

[Jill Valentich]

We are in the process of selling our first home to buy our second, but we also have the option to rent it out. We live in Denver, which is a great market to rent or sell in. We stand to make close to $200k (after fees) if we sell our home. Our plan was to take that cash and invest in our first BRRRR property.

We stand to make $1200/mo of rental income if we rent our Denver property out. This is before expenses, so I'm guessing it will be closer to $600 cash flow a month. I know no one can tell us what to do, but I'm curious to hear your opinions. What would you do? Thanks in advance. :) 

[Jeff White]

@Jill Valentich have you thought about a cash out refinance? Why not keep it as a rental? After that,, you can purchase another primary and then use the rest as a down payment on an investment property?

That way, you get the benefit of the low interest rates, hold your current house as a rental to benefit from more appreciation, buy another primary, and also use the extra money to generate even more income with a investment property. That will increase your ROI of all that equity sitting in your house.