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Sell or rent condo?? Help me decide

I currently own a condo. Interest rate is 2.875%. I owe roughly 211k. Mortgage/hoa fee is $1,966.00. (Includes taxes) I can rent it out somewhere between $2,200-2,300.

In my complex the condos are selling between $295k-$310k. I live on the third floor so let’s just say I can get $300k. For argument sake let’s say I can walk away with at least 80k.

I need the equity out of this home so I can go buy a multi family (3-4 units) solely for investment purposes.

If I keep it I would of course have to look into a heloc or second mortgage.

Thoughts??? Would you sell or rent?? Options on heloc or second mortgage knowing why I need the equity are appreciated as well.

submitted by /u/Itsmejasmin09
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source https://www.reddit.com/r/RealEstate/comments/157czcn/sell_or_rent_condo_help_me_decide/
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