Sell primary to pay off investment property?

[David Wild]

Im considering selling my primary residence to pay off 3 rentals. I would be able to rent a house for the amount of rental income I would receive if they were paid for. This would allow us to use all our day job income to completely pay off a 4th rental within 2 years. Then the plan would be to save money for a down payment on a new primary residence  the following 2 years. At that point we would have about 5k in passive income to make our mortgage payment. If the market started to go crazy I would probably  sell the 4th property and buy a primary  residence sooner. Looking for pros and cons. Thank you.

[William Arrington]

Quote from @David Wild:

Im considering selling my primary residence to pay off 3 rentals. I would be able to rent a house for the amount of rental income I would receive if they were paid for. This would allow us to use all our day job income to completely pay off a 4th rental within 2 years. Then the plan would be to save money for a down payment on a new primary residence  the following 2 years. At that point we would have about 5k in passive income to make our mortgage payment. If the market started to go crazy I would probably  sell the 4th property and buy a primary  residence sooner. Looking for pros and cons. Thank you.

Another option would be a hybrid of what was listed above. Sell your 3 rentals if you have enough equity then 1031 them into a small apartment around 8 or 12 units. Then use a heloc to repair/upgrade what needs to be done on said property. Its monopoly at this point.. houses for hotels. Then after the repairs and rent increases, you can basically do a BRRR paying off your heloc and you now have your home and a 8 to 12 unit apartment that is pure cashflow.