To sell or not to sell...

[Kim Stofan]

Hey BP community. I'm looking for help/insight on a dilemma my husband and I are having. We bought an expensive primary residence in 2014 before I knew anything about REI and pursuing financial independence. Even though we love the neighborhood and school district, we are going back and forth on whether to sell the home and rent or buy something more affordable. We have a bout 275k equity in the property. Our PITI on this home is $3200. This payment is severely limiting our ability to meet our real estate and financial goals. My heart is telling me to sell but I already have 4 other rental properties with mortgages on them. We might rent for a while but I'd eventually like to buy another primary residence in the future. My fear is that we would have a hard time getting a mortgage on another primary residence with all the other loans I have. Any thoughts or insights? Thanks!