To Sell or Rent a Primary Residence in a Seller's Market.

[Anthony Engel]

Hi, this is my first post as a new BP member. My wife and I wish to invest in a few 2-4 unit properties over the next five years to generate passive income while building equity. House-hacking is part of our plan and we have experience doing renovations. We currently live in our primary residence in a very good rental market and an even better seller's market located in Philly. We owe very little and can either refi through a HELOC or 30-year fixed to fund our next project. As a rental, the projected cash flow will be nominal (about 300/mo) however, it's really hard to ignore the prospect of selling the place given the crazy market. Selling would provide a much larger nut to work with compared to a refi. Can you share a similar experience along with what influenced your decision? Thanks.

Anthony