Sitting on $300,000 Equity - Just lost job - Sell? Rent?

[Robin Downes]

Greetings - I'm new to BiggerPockets.

The subject says it all -

Sitting on $300,000 Equity - Just lost job - Sell? Rent? Job?

I'm 55 years old and need to create my own retirement plan. I have no pension and IRA.

Should I sell and then reinvest in various rental properties for future income?

Should I rent out my place, and clear $1,000.00 a month?

My last choice is to get a new job (wondering when I will get hired). I really would rather invest my money in building my own Real Estate Investing business.  Concerned because I know it is risky, and don't want to lose my nest egg.

I welcome advice.

Thanks,

Robin