Should I sell or rent my primary residence

[Matthew Fitzgerald]

Hey everyone I wanted some advice this morning. We are new investors and about a week away from closing on our first four plex. We used a heloc to buy this property cash, and after some renovation we will refinance and pull cash out. Our heloc if 145k We owe 250k on primary we could sell for 540-560 netting roughly 260. We could rent this house for 2700 conservatively. Our mortgage payment is 1900. So should we rent our house and continue to use heloc and the brrrr method. Or sell and have more capital available? Thanks

[Ed S.]

I assume home loan is on a 30 year note?

If you rent it out, increase your payment on the note. I would try to get it paid out in 20-22 years.

I'm not a believer of 30 year loans on rental properties.