Building new primary residence as investment strategy?

[Jeff Mills]

Hey ya'll! First time poster.

My wife and I are trying to decide the best way to get started building our portfolio. We've been looking out of state a lot as the market here in Utah is crazy but haven't pulled the trigger on anything yet.

I recently heard of someone who has been extremely successful in their real estate career who built a new primary residence every 2 years which came with certain tax benefits and profit in an appreciating market.

So I thought maybe instead of finding a rental property to buy we could build a new primary residence and rent out our current home which has appreciated about 60% in the 5 years we've owned it. And if possible also build an accessory apartment on our new home and rent that out.

What say ye BP? Does that seem like a reasonable way to get started?