To Sell or not to sell

[Victor Chan]

Hi Everyone,

I just bought a new home and looking for advice on the best option for my existing home would be.  I live in the SF Bay Area and my current home can rent out for $3500 roughly and I have a mortgage payment on it for about $1600 a month with a balance of 410k.  Do I keep it and rent it out or sell it and use the proceeds to buy something else that can provide me with more cash flow?  This home can probably sell for $1m right now.  My ultimate goal is to continue to reinvest my real estate income into more properties down the line?  There's probably tons of things I haven't considered and some info that I haven't shared either, but I hope this is enough to get the ball rolling on this discussion.  I'm hoping to benefit from the vast experience this community has to offer.  Thanks in advance.