Selling Primary Res

[Brock Wiberg]

Hey BP, I'm brand new to RE investing and working a full time job as aero engineer. I have nice home that is tying up most of my buying power/ income. 5 bed, 2.5 bath, 2,900 sf, paid ~$250k. Bought it at market value two years ago. Recently looked into current market value ($252-$268) and am considering a downsize into an investment property (thinking BRRRR after living in it a year) with my wife and 2 kids but wanted to get some opinions on what I consider my options to be with regard to selling current home. The market will not support cash flow on a rental this size so I don't consider that an option. Thoughts and comments would be appreciated. 1) List with agent and accept the fact that after fees and closing I will be down a few thousand but will be better able to bring my real estate goals to fruition by freeing up disposable income from my 9-5. 2) Try a FSBO 3) Rent it with a lease option. With the higher rent is cash flow possible? I have no idea but trying to be creative. I don't have a sense of what rent is possible with this option. 4) Any other creative ideas?