Selling primary residence and using equity

[Anthony Colachicco]

Looking to sell my primary residence soon and will have approx. $150k in equity after closing costs, etc. Wanting to get into investing instead of putting all $150k into my next primary residence. My thoughts have been to use half for 20% down on next primary and the rest for a rental property OR put all $150k into a multifamily and house hack for 1-2 years then do a HELOC and do it all over.

What would you suggest if you were just starting out? 

[Nathan Gesner]

Quote from @Anthony Colachicco:

You can get an owner-occupied FHA loan with 5% down for up to four units. I would purchase a fourplex, live in one, and rent out the other three. Use some of your remaining cash to purchase another investment property. Retain some of the funds as a reserve.