It depends on the goal, are you trying to build wealth or cashflow. Do you want to have multiple rentals properties or just one? I rented my first home but then decided it was best to sell and use the money to buy a 4plex and I went from $300 per month cash flor to $3000 per month cash flow. Now I am doing a cashout refinance and I will still make $1800 per month and have money to buy a flip or another 4 plex. How much cash flow are you making if you rent it vs if you sell and use equity to reinvest what could you do with the equity. Run a refinance quote and a heloc quote to see how much cash flow you would make if you pull equity and keep it. For me I am working to leverage 65-75% LTV and use money to reinvest and BRRRR and flip to build up cash. I wouldnt sell it and just use the money for another primary. You could possibly use $50k for your primary and use the other $100k to buy a flip or a duplex- 4plex and build cash flow and leverage the equity. If you oull 100k heloc thats around $900 per month so you wouldnt make any cash flow but you would have equity to reinvest. Run an estimate for $175k refinance cash out on a 30 year and you may still be able to make 250 cash flow and have 100k to reinvest to buy more real estate. Best of luck! You made a good investment
